AlumiFuel Engages Investment Bank to Secure Acquisition

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
315
AlumiFuel Engages Investment Bank to Secure Acquisition Capital

CENTENNIAL, CO--(Marketwired - Mar 31, 2017) - AlumiFuel Power Corporation (OTC PINK: AFPW) ("AlumiFuel" or the "Company") today announced it has engaged a full-service boutique investment banking firm to secure acquisition capital for the Company.

The Company has identified several potential acquisition targets as it transitions to a profit and cash flow focused holding company. The Company recently issued a Letter of Intent to acquire Meds R Us, a medical marijuana dispensary in Vista, CA, and is in the process of completing final due diligence. Additionally, the Company is in late stage negotiations for the potential acquisition of a profitable digital media business.

Ryan Schadel, CEO of AlumiFuel, stated, "We are developing a robust pipeline of potential deal flow. The Company will need to raise a substantial amount of cash in a non-toxic manner to execute on the ambitious plan we are putting together. I'm pleased we've been able to attract a FINRA licensed investment bank with over two decades experience in the capital markets to assist with our capital raising efforts. I look forward to executing on our acquisition plan and furthering our balance sheet restructuring efforts."

The Company also reported it is in talks to raise non-dilutive capital to fund a potential share buyback.

About AlumiFuel Power Corporation AlumiFuel, operating through its wholly owned subsidiaries, is transforming into a diversified holding company under new leadership and is expected to be renamed Phoenix Equity Holdings Corporation. The Company is exploring several revenue producing acquisition opportunities as it works to build a robust cash flow stream. AlumiFuel currently operates three divisions in the multi-billion dollar temporary staffing industry and holds patented technology for hydrogen generation through its wholly owned subsidiary, NovoFuel.

Safe Harbor for Forward-looking Statements: This news release may contain forward-looking statements that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, they are based on management's current beliefs and assumptions as to future events. However, since the company's operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.

CONTACTS: AlumiFuel Power Corporation 641-715-3900 x385402

Scroll down for more posts ▼

Top 10 Most Recent News Articles

CMS Proposal Sparks Controversy in Lab Certification

Updated Category News Views 0

A New Contender in the Battle Over Lab Standards Here's what’s heating up in the realm of clinical laboratories: A proposed shift by the Centers for Medicare & Medicaid Services (CMS) that reeks of cutting corners, if you ask the folks at the Association for Diagnostics & Laboratory Medicine (ADLM). They’re banging the drums against CMS's idea to nix the board...

Continue Reading
Artificial Stone Silicosis: A Silent Threat Unveiled

Updated Category News Views 0

The Harsh Reality Behind Artificial Stone You're slicing into your steak at a fancy dinner, and for a moment, you marvel at the countertop beneath your dish—a smooth, sleek surface that's likely made of artificial stone. But beneath that lustrous facade lurks a silent killer affecting those fabricating these countertops every day. Voices from the Frontline Recently,...

Continue Reading
QFIN Faces Class Action: Investors' Role Explored

Updated Category News Views 1

Cracks in the Facade: QFIN's Legal Mess You're cruising down the usual market lanes when—bam!—news breaks that Qfin Holdings, Inc. (NASDAQ: QFIN) finds itself hip-deep in a class action lawsuit. Seems like our pals at Schall, Brown & Schwartz LLP have thrown the gauntlet down, with claims of some serious smoke and mirrors during the March to August stretch of 2026....

Continue Reading
Coastal Financial Faces Lawsuit Over Fraud Allegations

Updated Category News Views 0

Coastal Financial Corporation, riding high on NASDAQ as CCB, now finds itself in the middle of a storm. Schall, Brown & Schwartz LLP, a firm known for its shareholder rights litigation, has thrown the gauntlet with a class action lawsuit against Coastal for suspected securities violations. We're talking about potential fibs under Section 10(b) and 20(a) of the Securities...

Continue Reading
AAI Rolls Out Agency Gauge: AI-Driven Insights Platform

Updated Category News Views 11

Bringing Artificial Intelligence to the Insurance Table Affordable American Insurance (AAI) is shaking things up in the insurance world with their new tool, Agency Gauge. Picture this: you're running an independent agency, neck-deep in data, and this AI-powered marvel swoops in and turns those confusing numbers into actionable business insights. It's like having a wise...

Continue Reading
Workday Hits High Note in 2026 Gartner Magic Quadrant

Updated Category News Views 3

Workday Secures Leadership Position In a wild ride that's left investors with whiplash in recent years, Workday (NASDAQ: WDAY) has firmly planted its flag at the top tier of the 2026 Gartner® Magic Quadrant™ for Cloud ERP Finance. This announcement out of Pleasanton, California, resonates like a victory bell for the company's finance management solutions—a mix of AI,...

Continue Reading
Taiwan Excellence Sparks Smart Automotive Innovation at SEMA

Updated Category News Views 0

Taiwan's making waves, folks, and it's not your everyday splash in the automotive pool. At SEMA 2026, Taiwan Excellence Pavilion is the place to be with its array of intelligent automotive solutions. This ain't just your run-of-the-mill car show gimmickry—it's the future rolling in real-time. Driving Innovation: From Components to Smart Systems The name of the game is...

Continue Reading
Florida Cancer Center Expands Expertise with New Oncologist

Updated Category News Views 5

Welcoming a Highly Skilled Oncologist to Fort Myers There's an old saying in the world of investing: follow the expertise. And when it comes to healthcare, especially cancer treatment, expertise can make a world of difference. Florida Cancer Specialists & Research Institute (FCS) is throwing its hat in the ring with authority, as they welcome Dr. Kelly Elleson, a surgical...

Continue Reading
BETR's Legal Clash: Investor Action Deadline Nears

Updated Category News Views 0

BETR's Woes in the Legal Spotlight Investors who’ve been keeping an eye on Better Home & Finance Holding Company—trading as BETR on NASDAQ—might wanna pinch themselves. Not every day do you see a class action lawsuit waiting on the horizon like this one. The folks over at Schall, Brown & Schwartz LLP, those wily veterans in shareholder rights litigation, are...

Continue Reading
TilePix Expands into Walmart with Nail-Free Decor Launch

Updated Category News Views 3

TilePix Makes Big Moves with Walmart TilePix is launching their new line of nail-free wall décor at Walmart—this ain’t your grandma’s wall art. This company's bringing their magnetic, nail-free wizardry to retail stores nationwide for the first time, and they’ve chosen a real heavyweight partner—Walmart. What comes in the package? Well, they’re dealing in...

Continue Reading

Top 5 Most Recently Viewed Articles

Unlocking the Growth Potential: Investing in Motorola Solutions

Updated Category News Views 127

Unlocking the Growth Potential of Motorola Solutions Motorola Solutions (NYSE: MSI) has made impressive strides in the market over the past decade. With an annual return of 22.49%, it's no wonder that investors are keen to learn more about the power of compounding returns. Let's explore how this technology giant has been performing and what it means for long-term...

Continue Reading
Understanding Market Sentiment: First Solar's Current Position

Updated Category News Views 212

First Solar's Position in the Market In recent developments, significant investors have shown a bearish sentiment toward First Solar (FSLR). This trend signals important indicators that retail traders should consider when making investment decisions. Observing options data reveals that the dynamics of large investors hold vital clues regarding the company's future...

Continue Reading
La Comer Experiences Notable Share Surge Amid Index Changes

Updated Category News Views 180

La Comer's Notable Share Surge After Index Announcement Recently, La Comer, a well-known retailer, experienced a remarkable increase in its shares, which rose by about 5.5%, reaching a trading price of 35.87 pesos. This significant rise followed the announcement from S&P Dow Jones about the stock's preliminary inclusion in the S&P/BMV IPC index. Such news generally...

Continue Reading
Take Action: Enphase Energy Investors Unite for Justice

Updated Category News Views 207

Take Action: Enphase Energy Investors Unite for Justice Investors of Enphase Energy, Inc. (NASDAQ: ENPH) are currently facing important decisions regarding their holdings. If you have invested in Enphase between specified dates, an opportunity for a class action lawsuit could be beneficial for you. In this time of potential market turmoil, knowing your rights and options...

Continue Reading
Rebuilding Together: Brookfield's Support for Fire Victims

Updated Category News Views 176

Brookfield Residential Unite Families for Home Rebuilding In a heartfelt initiative, Brookfield Residential has committed to supporting families affected by devastating fires. Such acts not only help restore homes but also strengthen community ties. Recently, seven families, heavily impacted by the Eaton Fire, have joined hands with Brookfield Residential, paving the way...

Continue Reading