SOURCE: FuelStream, Inc.

Fuelstream, Inc.

June 19, 2014 08:30 ET

Fuelstream to Post Sales Results

SUNRISE, FL--(Marketwired - Jun 19, 2014) - Fuelstream, Inc. (OTCQB: FLST) ("Fuelstream" or the "Company"), a worldwide reseller of Aviation Jet fuel, plans to release sales numbers from fueling sales and services for the quarter and six months ended June 30, 2014 by mid-July. The Company also plans to post sales and service figures for the five months ended May 31, 2014 sometime next week. In its most recent 10-Q filed on May 20, 2014, the Company reported net revenues of $47,414 during the three months ended March 31, 2014 and cost of sales of $36,338. Fuelstream anticipates filing complete results for the second quarter and six months ended June 30, 2014 in a report on Form 10-Q sometime in mid to late August. 

Kevin Blanco, Vice President of Sales for Fuelstream stated, "Our shareholders want to see our sales numbers and we are happy to provide them. We are focusing heavily on Africa, where distribution logistics struggle to keep pace with demand growth." Mr. Blanco continued, "We want total transparency with our shareholders and are happy to provide an update, which should show a positive trend of sales activity over the past several months and compared with previous quarters."

Fuelstream has been serving as the U.S. representative for South African based Global Airways since August 2013. Air transport in Africa has seen above average growth over the past 10 years. Passenger traffic measured in revenue passenger kilometers, which is the number of passengers times the distance traveled, rose 88.8% in 2003-2013, according to data from the International Air Transport Association, while air cargo demand measured in freight ton kilometers grew 54%.

About Global Airways

Global Airways is an International Air Transport Organization carrier whose activities cover acquisition, heavy maintenance, refurbishment and leasing of aircraft. Established in 2001, Global Airway's main strategy is to offer full aircraft services and maintenance with a highly trained staff and crew compliment. The Company services many government and regional airlines based in South Africa and the Company is seeking to add fuel serving as a new business unit.

Freight -- expanding its fleet in order to provide wide body freight service from Johannesburg through Africa, Europe, Hong Kong, and the United States.

Passenger Service -- reintroducing service to and from Miami International Airport to Cape Town. This was a very successful route before political commitments in 2004 terminated service. Global Aviation intends to run 4 flights per week round trip.

About Fuelstream

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

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.