
eFUEL EFN, Corp., Ljubica Stefanovic, President of EFLN, Announced Today That an Agreement has Been Successfully Completed Between EFLN and eMax World Wide
TAMPA, Fla., May 9, 2011 /PRNewswire/ -- (Pinksheets EFLN) - Ljubica Stefanovic, President of EFLN, announced today that an agreement has been successfully completed between EFLN and eMax World Wide.
Ljubica Stefanovic, President of EFLN, reports that Euro-American Finance Network has placed with EFLN their holdings in eMax World Wide. In addition EFLN has been granted permission by Euro-American Finance Network to and has complete authority to deal with eMax World Wide, wherein eMax World Wide will provide EFLN 30 Million additional free trading shares in lieu of certain monies owed to Euro-American Finance Network.
EFLN will trade the shares owned in eMax World Wide on the open market and use the proceeds from the sales to buy back shares of EFLN.
Ljubica Stefanovic went on to say "that share holders will recognize the benefit of this move, as EFLN reduces the amount of shares trading on the open market."
About eFUEL EFN, Corp.:
eFUEL EFN, Corp., ("eFUEL'') is a publicly traded company listed on Pink Sheets under the symbol EFLN. eFUEL is an Internet services company offering on-line dating site www.outRAGEousEncounters. For additional Product information, go to our corporate site at www.eFUELcorp.com
Safe Harbor Statement: Certain Statements in this press release constitute "forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements are subject to risks and uncertainties including, without limitation, changes in levels of competition, possible loss of customers, and the company's ability to attract and retain key personnel.
CONTACT: Investor Relations;
Investor Relations:
Frank Pinizzotto
727-698-7492
SOURCE eFUEL EFN, Corp.
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