SUNRISE, FL--(Marketwired - May 6, 2014) - Fuelstream, Inc. (OTCQB: FLST) ("Fuelstream" or the "Company"), an international reseller of Aviation Jet fuel, is pleased to announces progress on its fueling operations in Africa by providing revenue generating fuel uplifts to Global Airway. Fuelstream has ramped up to six flights per week in its fueling contract and plans to continue expanding its operations.
"These sales represent a milestone for Fuelstream that we are very proud of. Management has worked diligently to achieve this accomplishment. The new website and credit line are tremendous building blocks in moving the Company forward to a level both management and shareholders expect," said Fuelstream CEO, John Thomas . Mr. Thomas continued, "Fuelstream announced the availability of a credit facility on March 6, 2014. We are managing the line and maintaining a solid payment history, which has resulted in increases in the line. The increased credit line, coupled with the proprietary website developed to allow clients to access fuel pricing and other information on a real-time basis, are resulting in increased fueling operations."
Fuelstream is an operating fuel logistics company that concentrates its supply chain management efforts in the distribution of aviation fuel to corporate, commercial, military, and privately-owned aircraft throughout the world. Currently, a majority of the Company's fuel and related services are concentrated in the sourcing, purchase and delivery of (Jet-A) fuel "into the wing" of private and commercial aircraft at various airports. With offices in Sunrise, Florida and Johannesburg South Africa, the Company intends to supply a variety of ground services either directly or through its affiliates, including concierge services, passenger and baggage handling, landing rights, coordination with local aviation authorities, aircraft maintenance services, catering, cabin cleaning, customs approvals, and third-party invoice reconciliations. For more information please visit www.thefuelstream.com.
Safe Harbor and Forward-Looking Statements
This press release contains certain forward-looking statements regarding possible future circumstances. These forward-looking statements are based upon the Company's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements including, in particular, any risks and uncertainties with respect to the Company's operations, as well as those contained in the Company's quarterly, annual, and periodic filings with the Securities and Exchange Commission. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material.