STOCKHOLDERS UPDATE 12/23/2016
Monday, 23 December 2016 13:00:00 GMT
I am pleased to announce to our Stockholders that CyberFuels has signed a new fuel wholesaler in Montreal, Canada. The new wholesaler, Carburrants Gorilla is working with our current distributor to insure smooth and timely deliveries of our fuel.
Our initial tests have been excellent.
Our fuel distribution process has been completed, and we expect to increase our deliveries throughout January to meet our previously announced corporate goals.
Additionally, we are in the process of setting up a new branch location of CyberFuels Inc. in Montreal and have added new staff to insure our deliveries there are smooth. This has also been necessary to handle the administrative processes of dealing with large
international transactions in Canada. We have partnered with the largest worldwide supplier of our primary blend stock. This multinational company has offices in Ontario which will insure continuous and smooth deliveries to our customers in Canada.
Our success is important to all of our trading partners.
Our roll out has been slower than expected, but we have been very methodical in our process and our suppliers have been very encouraging and supportive.
The new administration in our White House has stated that it is very interested in alternatives to the traditional petroleum fuel industry and they have been very interested in Methanol based fuel alternatives.
We believe that CyberFuels is poised to answer the call for a new fuel which is abundant, cleaner and cheaper. We expect to further expand the Canadian and Florida business in 2017.
Our deal with iGambit and John Salerno, the President of IGambit is close to closing with the financing needed to close in final deliberations.
While we can't be sure that the deal will close, we are very hopeful that the process will result in a final signed deal.
I have been very involved in the process and I feel that we can still close in 2016. The above business of the New Company is very exciting and has been received very well by the investment community. Revenue growth and company valuation is expected to be very strong.
It is the holiday season and with that, I am reminded of the Christmas song, "Oh the weather outside is frightful, and the fire inside delightful... Let it snow, let it snow, let it snow." Well the weather in Montreal has certainly been "holidayish", a real winter wonderland. I wish all of our stockholders the happiest of holidays and a prosperous New Year in 2017.
Ronald W. Mills, CEO