Great update from President this week on recent progrees and direction of ECSL.
An Update from the President
Tue, 13 May 2014 17:00:00 GMT
Dear Stockholders,
In my last shareholder update, I discussed the various milestones the company had met and the road ahead. The main talking points were;
The establishment of the CyberFuels, Inc. Distribution Network
The anticipated demand of our CyberFuels, Inc. products
The signing of a LOI agreement
The addition of our fuel additives to our family of CyberFuels, Inc. products
Additionally, I announced to you that we hoped to begin taking orders for our product line in April.
I believe it is very important at this juncture of our company to keep you apprised of our progress so that each of you will have the necessary information to make informed decisions regarding our company, the path we’re on, and how close I feel we are to realizing these goals. Therefore, I want to address the points from my last update.
With regard to completion of our network and the commencement of sales:
At this time, CyberFuels has two primary products, Fuel and additives for fuel. Since my last update, CyberFuels has in fact completed the EPA registration of its existing products and have begun taking orders for both the additives and the fuel.
The sale of the Dynamo™ additives has been conducted on our website to individual consumers and also to larger corporate accounts. To date, sales in both our Dynamo™ gasoline additive and the Dynamo™ diesel additive have been more than we anticipated. During the first 4 weeks of sales, we have filled ninety one orders of additive to individual consumers and have begun to take orders of the diesel additive for commercial accounts in bulk. To date individual sales have been approximately $25,000 and we anticipate commercial sales contracts for approximately $ 2.7 million dollars.
We are currently testing our commercial additive on commercial furnace applications as well as generator applications for power plants as we feel this has the potential to become a significant revenue stream for CyberFuels Inc. It is very important to note that these tests are being conducted and that to date the results appear to be very good.
While we cannot be certain that any of these deals will close, we currently have additional substantial commercial accounts that we hope to close this quarter.
The LOI Joint Venture Agreement
In my last update I stated we anticipated announcements in the US and Europe after the completion of this JV agreement. This Joint Venture agreement is a very important step in our company's future and while I would like to complete the programs quickly, the negotiations are extensive and intense. We do still expect to complete the agreement in the near future , although there can be no assurances.
Lastly, I mentioned in the earlier update that we expect the CyberFuels, Inc. fuels "will have a positive environmental effect as well as being significantly beneficial to the global economy."
In our ongoing testing program results showed that our Dynamo™ additives boosted Octane by six points in 87 Octane gas and Cetane by 8 points in regular diesel.
In my opinion,this is a very powerful result and has been documented and recorded by an internationally recognized lab.
In addition, and I feel much more significant, we have proven through multiple tests in multiple laboratories that the Eco Island Blend and our Singular96 have a total energy density (power) greater than gasoline or 18000 BTU’s/lb.. These findings are very important and very significant.
Ronald Mills
President
EncounterCare Solutions, Inc.
For investor relations please contact Bill Robertson at (604) 837-3835.
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