PENNY WATCH

[dirkv]

Fuelstream, Inc.

FLST : 0.0005

52wk Range 0.0004- 0.405

Big news this week
http://www.marketwired.com/press-release/fuelstream-provides-fuel-uplift-logistical-services-south-african-soccer-team-pinksheets-flst-1944606.htm


The Company generated net revenues of $210,174 and profit of 36K during the three months ended June 30, 2014 as compared to $-0- for the three months ended June 30, 2013. For the six months ended June 30, 3014, the Company generated net revenues of $257,588 as compared to $-0- for the six months ended June 30, 2013. In the future, the Company’s sole source of revenue is expected to be related to fuel delivery contracts and associated services.

FLST 10Q Q2 out 210k revenues past Q1 up 400%.

And now it's time to go up again.
2014/09/11 0.00060
2014/09/09 0.00070.
2014/09/02 0.00080
2014/08/08 0.0013
2014/08/07 0.0015
2014/08/06 0.0018
2014/07/17 0.0034
2014/07/15 0.0041
2014/05/30 0.0077
2014/05/07 0.017

SUNRISE, FL-- - Fuelstream, Inc. (OTCQB: FLST) ("Fuelstream" or the "Company") announced announced that it has signed a term sheet with NuVenture Lending, LLC, a Salt Lake City-based financier, to provide the Company a revolving line of credit of up to $1.0 million for purchases of airline fuel for resale to customers. Commenting on the proposed transaction, Thomas McConnell, Fuelstream CEO, said: "We welcome the opportunity to secure additional credit facilities to expand our business and add to the number of flights Fuelstream can service. An additional line of credit will facilitate increased sales activity and greatly assist in the Company's growth and development."

Fuel Stream, through its two wholly owned subsidiaries Aviation Fuel International and Fuel Stream S.A., secures fuel supplies from various vendors in the aviation and marine fuel markets. The Company offers global 24 hour a day fuel management and logistic service for airlines originating out of South Africa and sub-African continent and other global locations. The Company offers its global fuel service through supply contracts with companies such as ExxonMobil, Shell Oil, BP Oil, ConocoPhillips, Air Total, AVFuel and other globally integrated companies with multiple regional subsidiaries with a reach to thousands of locations. Other supply contracts include single-operator contracts with fixed-based operators, into-plane agents at individual airports, trucking companies and other companies filling in smaller pieces of the supply chain. With these supply contracts in place, Fuel Stream has access to over 2,500 locations worldwide on behalf of its customers.

Capitalizing on its global in-house network of aviation and marine professionals, Fuel Stream is able to reach its customers through regional offices in North and South America, Europe, the Middle East, Africa, and Asia. Fuel Stream realizes the importance of local presence in a fragmented market where true global supply is provided by a limited number of companies.

At present, Fuel Stream executes fuel purchase agreements with its commercial customers (government, cargo, majors, etc.) and uses standard IATA contracts with all its international customers. Corporate customers (Part 91, 135, etc.) complete a detailed credit application allowing Fuel Stream’s experienced credit department to analyze the customer’s credit worthiness and allocate its resources appropriately. Fuel Stream sells fuel on both a prepay basis as well as with credit terms based upon the customer’s credit worthiness and type of account.

http://www.thefuelstream.com/about/