SOURCE: eFUEL EFN Corp.

September 30, 2010 09:07 ET

eFUEL EFN, Corp. Is Pleased to Announce That Riverside Assisted Living, Inc. (RAL) Has Executed a Letter of Intent and Understanding

TAMPA, FL--(Marketwire - September 30, 2010) -  eFUEL EFN, Corp. (PINKSHEETS: EFLN) is pleased to announce that Riverside Assisted Living, Inc. (RAL) and eFUEL have executed a Letter of Intent and Understanding with regard to the following:

  • It is the intention of eFUEL and RAL that within forty-five (45) days of the execution of the Letter of Intent and Understanding dated September 24, 2010, that they will enter into a Stock Exchange Agreement.

  • The Principles of RAL agree to cause RAL to merge into eFUEL as a wholly owned subsidiary of eFUEL.

  • The sole asset of RAL at the time of the aforementioned merger will be a 244,000 square ft. mortgaged hospital building on 16 acres located in Warren, Ohio.

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