CENTENNIAL, CO - (Uptick Newswire - March 6, 2017)
- AlumiFuel Power Corporation (OTC
Pink: AFPW) ("AlumiFuel" or
the "Company") is pleased to provide the following highlights from
a livestream Q & A session held on March 3, 2017.
On March 3, 2017, AlumiFuel Chief Executive Officer, Ryan
Schadel, held a livestream Q & A session via Periscope.tv.
During the live event, Mr. Schadel covered a variety of topics and
fielded questions from viewers.
Mr. Schadel discussed the Company’s continuing review of options
to monetize its Novofuel subsidiary, including its previously
announced line of lithium-ion batteries and its patented hydrogen
generation technology. Mr. Schadel discussed building value for
shareholders by acquiring businesses that generate cash flow and
restructuring the Company’s debt as it transitions to a diversified
holding company.
The Company is exploring several acquisitions, including a
marijuana dispensary in California and a digital media company. Mr.
Schadel feels that acquisition of a digital media company would
offer customer acquisition synergies for the three existing
staffing brands operated by AlumiFuel.
No shares of common stock have been issued since Mr. Schadel
became CEO in early February 2017 and one of his primary areas of
focus is to prevent dilution of common shareholders. The Company is
expected to actively and aggressively engage in investor outreach
over the coming weeks and months. Mr. Schadel is exploring options
to approve and fund a Company share buyback program.
An archive of the open livestream Q & A can be viewed at
https://www.periscope.tv/w/1rmGPnRwVWYxN
Safe Harbor for Forward-looking
Statements:
This news release may contain forward-looking statements
that are made pursuant to the "safe harbor" provisions of the
Private Securities Litigation Reform Act of 1995. While these
statements are made to convey to the public the company's progress,
business opportunities and growth prospects, they are based on
management's current beliefs and assumptions as to future events.
However, since the company's operations and business prospects are
always subject to risk and uncertainties, the forward-looking
events and circumstances discussed in this news release might not
occur, and actual results could differ materially from those
described, anticipated or implied. For a
more complete discussion of such risks and uncertainties, please
refer to the company's filings with the Securities and Exchange
Commission.
CONTACTS:
AlumiFuel Power Corporation
641-715-3900 x385402
SOURCE: AlumiFuel Power
Corporation
SOURCE: Uptick Newswire