ConneXionONE Corp (CNNN)

[monda2frida]

March 6, 2012
Comments by Jim McCandless, CEO of AFTC on the Company’s 2011 Financial
Performance and the General State of the Business
Financial Condition of the Company:
Although AFT continues to experience small losses, we have been able to grow the
business and invest in new technology and capital equipment because the CEO and his
wife, Kathy, are accruing most of their salary as well as the rent on the facility and capital
equipment. They began accruing salary and rent over 3 years ago, with an estimated total
accrual of over $500,000. The bulk of this money will probably never be repaid.
However, 6 people are gainfully employed with full medical benefits, dental and vision
care, a 401K plan and generous paid vacation. Also, we are developing new “clean”
technology that will mitigate global warming and improve U.S. energy independence.
The salary and rent accruals have essentially given us positive cash flow and allowed us
to make critical capital investments.
AFTC has not raised any capital through the sale of stock (or any other means) in about 3
years, and we have no plans to do so in the future.


http://www.altfueltechnology.com/files/Comments.pdf