WILDWOOD, FL, September 16, 2013 - (ACCESSWIRE) - eFUEL EFN CORPORATION (OTC Pink: EFLN):
Dear Shareholders,
First, let me thank all investors for standing by EFLN through some very difficult times. With all obstacles out of the way, we are going to move aggressively, placing money-generating assets into EFLN, develop new products, ramp up distribution agreements and much, much more.
In 2014, EFLN will be a fully reporting company. Consequently, the Caveat Emptor will be removed automatically. Therefore, it is unnecessary for us to commit any new resources to CE removal. We are progressing with placement of new assets into our company in anticipation of the CE elimination. Please note, the CE is one of the last vestiges of the activities of the former management. The CE has no reflection on the current management nor does it affect the growth of EFLN.
FINRA requested numerous documents, i.e. EFLN's assets, project plans, development plans and financing information for all projects, EFLN has supplied FINRA with all requested information. FINRA is satisfied with our projects, funding and development plans. Another obstacle is out of the way.
The question often arises "What does EFUEL do? By purchasing EFLN, we now have access to the open market. This access enables EFLN to raise money and build a substantial holding company. EFLN will hold a verity of money generating assets, both new and existing.
Our future new on-line retail division will handle web design, distribution, marketing, new product development, on-line sales, etc. Once EFLN,s on-line, store is up and running, we anticipate new substantial revenue streams for EFLN.
EFLN is also negotiating an exclusive distribution agreement with SAGI Creation Company. Distribution rights for dozens of children's products, Christmas ornaments, dcor and more. EFLN will test-market all products at Cherokee Trading Store, our new on-line retail store, at the same time explore distribution to other retail markets. We are confident this will generate a considerable amount of new cash for Cherokee Trading Post and EFLN.
EFLN received a "Letter of Intent" from its bank to finance the purchase of a $2,000,000 hotel, gift shop and restaurant. The hotel is presently generating approximately $1,200,000 in revenue, with expenses of $610,656.60, and yielding a substantial net income. This money-generating asset will supplement EFLN holdings by the end of 2013.
We are extremely optimistic about EFLN's future growth. Improving its cash flow, asset base and development of new markets, EFLN is presently creating new products with patent rights. These products will also be test-Marketed at Cherokee Trading Store, EFLN's on-line store as well as new retail outlets.