Monday, 26 October 2015 09:47 AM
WILDWOOD, FL / ACCESSWIRE / October 26, 2015 / eFUEL EFN CORPORATION (OTC Pink: EFLN) (
eFUEL EFN Corporation (OTCPINK: EFLN) has experienced a major setbacks in the Hotel Marion, including an inability to obtain the working capital through several sources to acquire loans needed to help offset debts. The company closed Hotel Marion, Veda's Restaurant and Bar to the future notes. Also, we laid-off 20 employees. The $6,000,000 hotel was refused loans to pay off its tax debt, comments company President, Ljubica Stefanovic. The Company is busy with IRS filings. We have been audited (EFUEL EFN, CORPORATION books).
Although the company has suffered a setback with Hotel Marion, Efuel EFN Corporation closed a deal with Euro-American Finance Network, Inc. that allowed them to acquire the real estate property located in Wildwood, Florida that is home to the Cherokee Trading Post. The acquisition increased real estate asset value. The company generated rental income from Billboard Signs located on Hwy 301 and Ronald Reagan Turnpike in Florida, and have signed a rental agreement with Woody's Barbecue Restaurant.
The retail store, Cherokee Trading Post, has seen consistent business. It continue to sell Native American Artifacts from many different cultures, citrus, fireworks year round, tropical wines, tropical marmalades, jellies and butters, Florida Souvenirs, and alligator products. It also started to carry some specialties particular to Florida, including such popular items as boiled peanuts.
We want to ensure all shareholders that the company is in every way current with its filings. We are in a difficult financial time, but in good standing, and we'll push past this, The attorney letter was filed with the OTC Markets, remarks eFuel EFN, Corporation President Ljubica Stefanovic.
The attorney letter that is filed with the OTC Market has allowed the removal of the "Limited Information" status previously associated with the company. The latter details the structure and financial aspects of the company operation.
eFUEL EFN CORPORATION is a holding company that is always looking to invest, build, and do business. It's current operations are in retail, real estate, hospitality, and agriculture.
Forward Looking Statement Disclosure:
This Press Release information contains certain forward looking statement with the meaning as Section 27A of Securities Act 1933 as amended, and section 21E of the Securities Exchange Act 1934 which are intended to be covered by the safe harbors created in connection with, that investors are cautioned that all forwarding statements involve risks and uncertainties including the EFUEL EFN, Corporation .
eFUEL EFN, Corporation
Ljubica Stefanovic, President
[email protected]
www.efuelefncorporation.com
SOURCE: eFUEL EFN, Corporation