SOURCE: eFUEL EFN Corp.

January 20, 2011 08:30 ET

eFUEL EFN, Corp. Is Pleased to Announce That Euro American Finance Network (EAFN) Has Entered Into a Securities Purchase Agreement to Take Over Majority Ownership of eFUEL EFN Corp.

TAMPA, FL--(Marketwire - January 20, 2011) - eFUEL EFN Corp. (PINKSHEETS: EFLN) is pleased to announce that Euro American Finance Network (EAFN) has entered into a securities purchase agreement to take over majority ownership of eFUEL EFN Corp. The agreement was executed on January 19, 2011. EAFN was founded in 1991 and now shows over 1 billion dollars on its balance sheet. Slavolijub Stefanovic, founder of EAFN". For more information on EAFN go www.eafninc.com.

Slavolijub Stefanovic stated, "I have confidence that eFUEL Corp. will invoke the same corporate values and general corporate practices as EAFN, INC. We will work diligently and effectively to file, improve and enhance eFUEL's quarterly and annual reports on OTC markets and its value to the shareholders"

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

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    Investor Relations:
    Frank Pinizzotto
    727-698-7492