SOURCE: XFuels Inc.

Xfuels Inc.

August 12, 2016 10:31 ET

Xfuels Inc. Joint Venture Sales Increasing

DIDSBURY, AB--(Marketwired - Aug 12, 2016) - Xfuels Inc. (OTC PINK: XFLS) is pleased to report on joint venture progress.

June sales for Area 2 Energy were $58,525.00 with a summarized net operating income of $38,842.75 before operating expenses. June sales were up 38% over May due to increased gas prices over the month. July and August sales look promising as sales prices have hit highs of $2.45/GJ and futures show a continuing uptrend though 2017 and 2018.

Converde and Xfuels are concentrating efforts to fund the capital plan to increase production through traditional debt financing.

Mr. Michael McLaren states, "The increase in natural gas prices have been a welcome benefit for Xfuel's joint venture Area 2 Energy. A combination of hot summer temperatures and a smaller than expected inventory rise has boosted prices. The company continues to move forward on our business plan and expects increased revenue for both July and August and into the winter season."

The company continues manufacturing a demo 4-ton system at our Didsbury location which will produce about 500 gallons of fuel and chemicals per day and expects to begin testing by late October at the Area 2 Energy Atlee site. Engineers have been testing the reactor with Converde's newest proprietary plasma power supply and have been cycling the reactor up to temperature over the past few weeks.

About Xfuels, Inc.

Xfuels The Clean Petroleum & Power Company is a publicly held energy company based in Portland, Oregon USA, established to design, build, and operate regionally-integrated, small-to-midcap electricity and petroleum production facilities. Xfuels is a leader in carbon-neutral energy solutions, as well as providing water and food technologies specifically designed to improve the quality of life on our planet.

The company's (patented and patent-pending) IP delivers one of the highest energy yields (electricity at sub-5 cents per kWh, and diesel fuel profitable at $25 a barrel oil without government subsidies), from a broad range of carbon-bearing inputs (Gas. Coal, forestry, agricultural, and urban waste including municipal solid waste and plastics), with one of the lowest capital expenditures of any known energy production method. One of Xfuels technologies literally converts garbage to gas.

Xfuels offers a range of low cost attractive modular systems via its hydrocarbon bio refinery platform (the XRefinery), which produce low cost electricity and advanced petroleum-equivalent fuels and chemicals in partnership with select small to mid-size industrial energy users (info@xfuels.com) in target markets.

Xfuels Clean Petroleum chemicals and fuels have the same molecular composition as traditional petroleum, offer premium performance with NEAR-ZERO environmental footprint, and with easy integration to full market penetration in today's existing petroleum vehicle fleet and distribution infrastructure.

For more information on Xfuels Inc. please see www.xfuels.com

Also you can visit us at Investors Hangout: http://investorshangout.com/Xfuels-Inc-XFLS-88175/

Safe Harbor:
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Xfuels Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Xfuels Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Xfuels Inc.'s filings with the Securities and Exchange Commission.

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