AFPW. 10-K $0.0001 6,396,953,487 shares of commo

AFPW. 10-K $0.0001

6,396,953,487 shares of common stock outstanding as of March 31, 2013.

NOTE 9. SUBSEQUENT EVENTS

In February 2013, the Company announced that it has signed a Term Sheet with Genport, srl of Italy, which would merge its hydrogen generation business and Genport into a new U.S. corporate entity, NovoFuel, Inc. This term sheet will be the basis for, and the parties are moving forward toward completion of, a definitive agreement through which each party will own 50% of NovoFuel before any future financings. The merger would combine and integrate the synergistic technologies, Intellectual Property, products, revenues, engineering staffs, manufacturing operations, marketing, sales and services activities of both companies, including a new lab facility in the Philadelphia area. The focus of NovoFuel would be to pursue and capture backup and portable power applications and business opportunities in the U.S., Europe, and other market areas – multi-billion dollar markets. The new entity would pursue the engineering development of an integrated 5kW backup power system for telecom facilities.