TAMPA, Fla., May 6, 2009 (GLOBE NEWSWIRE) -- eFUEL EFN Corp. (Pink Sheets:EFUL) is pleased to announce that it has completed the first phase of its stock buy-back program. The company has purchased back 25,000,000 shares. As previously announced, shares purchased through this program will be retired and placed in treasury. The company continues to believe that eFUEL's stock is undervalued at the present levels, and would benefit greatly with the retirement of these shares.
The company greatly appreciates all shareholders for their steadfast support. Many have inquired about the status of the Super 8(a) certification as well as the launch of the national media campaign promoting the company websites. We ask that all shareholders hang in there a bit longer as we expect to announce several exciting developments for both in the very near future. The company believes that these developments will help bring us to the next level. With the I-NEX Worldwide, Inc. Super 8(a) certification filed and expected to be granted, the revenue generating ability is potentially exponential in nature and our flagship website www.outRAGEousEncounters.com will be generating a world of buzz and business once the national media blitz launches. Please stay tuned for further updates.
About eFUEL EFN, Corp.:
eFUEL EFN, Corp. ("eFUEL") is a publicly traded company listed on Pink Sheets under the symbol EFUL. 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, 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. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performances or achievements express or implied by such forward-looking statements. 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.