THE COMPANY BOARD OF DIRECTORS APPROVED STOCK REPURCHASE PROGRAM FOR eFUEL EFN CORPORATION STOCK SYMBOL “EFLN”.
Wildwood , Florida, Nov.25, 2016 -eFUEL EFN CORPORATION. (EFLN) Announces Board of Directors is approved a repurchase program of its Common stock over the next 18 months. The Company is authorized to repurchase shares in open market transaction program. These purchase will be subject to availability, regulatory constraints and general economic conditions. Scottrade Investments, Wildwood-Villages will be handling the trading and the 10b-18 administration of such repurchases. Subsequent announcements concerning the implementation of the plan will be announced within the near future. The board and management of EFLN has considered the market reaction to the company recent financial release on a 2nt and 3rd quarter o f 750% rise in revenue which was made in last 6 mounts, and great neat income, has decided to introduce a share repurchase program of our common shares, “stated Ljubica Stefanovic, CEO of EFLN.” In reference to company assets , I strongly believe that at current price, the purchase of our own stock is an appropriate use of our cash and will further enhance long- term shareholder value. . The timing and amount of any repurchase will be determined by EFLN management based on its evaluation of market conditions , the relative attractiveness of other deployment activities, increase in assets valium, regulatory consideration and other factors. Any open market stock repurchase activities will be conducted in compliance with the safe harbor provisions of Rule 10b5-1 plan, which would permit common stock to be repurchased when the Company may otherwise be prohibited from doing so under insider trading laws. This program may be suspended or discontinued at any time. Safe Harbor Statement; Certain Statements in this press release constitute ”forward-looking statement” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results. The forward-looking statements are subject to risks and uncertainties including, without limitation, changes in levels of competition, possible loss of customers, and the company’s ability to attract and retain key personnel.
Slavo Stefanovic CFO
EFUEL EFN CORPORATION
352 399-6278
