STOCKHOLDERS UPDATE 10/17/2016
Monday, 17 October 2016 13:00:00 GMT
CyberFuels Inc. announced on September 8, 2016 that the company had initiated a major expansion of its retail fuel sales in Canada, and that we expect to have 27 stations in Canada carrying our fuel during the quarter ending in December 2016.
CyberFuels Inc. now has in place the necessary inventory and infrastructure to begin fueling the new stations. We expect our fuel will be available at the pumps this week.
We have been able to greatly increase our capability by utilizing the highly modern and vast facilities at IMTT, Quebec. This capability will allow for a much quicker roll out and scale up of our sales in Canada. Our Announcement states that we anticipate sales of 3 Million gallons per month by the end of November. We are confident that we will meet that goal. It is very significant that we are now able to deliver a fully blended fuel to our customers, which greatly increases our potential for growth.
Another topic which I am extremely proud of is our growth of Dynamo™ Fuel Additives. Our contract with Pilot Flying J continues to expand and our orders have become more consistent. Our Dynamo™ Cetane Booster has been received enthusiastically by the trucking Industry.
CyberFuels introduced a new product at the trucking show in Dallas, Dynamo™ Ultra Clean. Dynamo™ Ultra Clean is a once a month fuel treatment that helps keep engines and fuel injectors clean and running at optimal levels. This new product has been tested by some of our larger accounts and the reception has been fantastic. We are currently in the final phase of production at our bottling facility and expect Dynamo™ Ultra Clean to be available to the public at various retail outlets beginning this quarter.
The company has had numerous inquiries regarding the Great American Trucking Show. Our booth was one of the busiest booths at the show. We carried three times as much product to the show this year and by Saturday we were completely out of samples. We anticipate attending the Dallas Show next year and adding the Mid America truck show in 2017.
We further anticipate continuing to grow our Dynamo™ retail sales volume and expect to add a bulk sales group in the first quarter 2017. We have already hired a person to lead this group and he is busily setting up appointment and tests with fleets across America.
On August 15th, EncounterCare announced that it had entered into an agreement to sell certain healthcare assets to iGambit, Inc. I am pleased to say that the transition has progressed nicely and iGambit has secured a term sheet for the necessary financing to allow the transaction to proceed. I have been informed by Mr. John Salerno, that he has prepared the first documents to close the transaction and he is hopeful that it will close by November 15, 2016.
The newly formed company will be an exciting one combining the CyberCare Health Network technology with that of HubCentrix and iGambit. It is perfectly positioned to meet the new demand for information on quality of care and improved patient outcomes for physician practices in America which are being driven by Medicare and the Affordable Care Act. The HubCentrix Software actually takes large groups of patients and identifies their eligibility for annual wellness visits and subsequent participation in Chronic Care Management Programs. This perfectly aligns with the Electronic House Call program and the company’s new wearable chronic care patient monitoring technology.
Ronald W. Mills, CEO