SOURCE: eFUEL EFN Corp.

January 21, 2011 10:25 ET

eFUEL EFN, Corp. Is Pleased to Announce Euro-American Finance Network Inc. (EAFN) Has Obtained Controlling Interest of eFUEL EFN, Corp. (EFLN)

TAMPA, FL--(Marketwire - January 21, 2011) - eFUEL EFN, Corp. (PINKSHEETS: EFLN) is pleased to announce Euro-American Finance Network Inc. (EAFN) has obtained controlling interest of eFUEL EFN, Corp. (EFLN). Presently EAFN has plans to appoint a new CEO and an independent, experienced, board of directors for EFLN. The new CEO and board's duty will be to establish a 5 year business plan. The plan will specifically focus on goals for EFLN to 1. Acquire profitable businesses and undervalued assets; 2. To improve the company's balance sheet; 3. To assure that eFUEL's cash flow positive and profitable; 4. To become a fully reporting company; 5. To have current financial information available to the public.

The present economic environment will allow us to put our minds together and work towards making EFLN a successful profitable company which will improve shareholders value. We will work hard for the shareholders to make EFLN a successful company.

The Board of Directors of EAFN will work with the new CEO and Board of Directors of EFLN to achieve the goals in our business plan. The 5 year business plan for EFLN will be made available to shareholders in the near future. EAFN, Inc. will help EFLN's new leadership in this journey. We will work diligently to analyze all potential opportunities to improve shareholders value. 

Euro American Finance Network Inc. President
Slovoljub Stefanovic

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 a wide variety of products including but not limited to background screening and verification sites, including www.ValiMate.com, www.VeritasID.com, and www.FastandEasyID.com, www.BackgroundAnswers.com and also www.VerifiAmerica.com, on-line dating sites www.outRAGEousEncounters.com and www.PositiveLove.com, and recently launched a new service called Easy ID, the fastest, easiest ID verification available on the internet. This product will be offered to all new members who purchase any www.eFUELstore.com service. Simply enter a person's full name and birthday and the background information will be provided. This service is also available at the company's main site www.eFUELstore.com or www.ValiMate.com. 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 Information

  • CONTACT:
    Investor Relations:
    Frank Pinizzotto
    727-698-7492