eFUEL EFN, Corp. Is Pleased to Announce That Riverside Assisted Living, Inc. (RAL) Has Executed a Letter of Intent and Understan
30 Settembre 2010 - 3:06PM
Marketwired
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: Investor Relations: Frank Pinizzotto 727-698-7492
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