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Wednesday, July 12, 2017 3:53:45 PM
http://www.stockta.com/cgi-bin/analysis.pl?symb=AFPW&cobrand=&mode=stock
Alumifuel Pwr Corp (AFPW)
0.0002 unch (unch) 14:47 ET [OTHER OTC]
Trader's Cheat Sheet for Wed, Jul 12th, 201
Pivot Point 1st Resistance Point 0.0002
https://www.barchart.com/stocks/quotes/AFPW/cheat-sheet
CENTENNIAL, CO - July 12, 2017 - InvestorsHub NewsWire - AlumiFuel Power Corporation (AFPW) ("AlumiFuel" or the "Company") today announced preliminary revenue results for the first and second quarters of 2017.
For the first quarter ended March 31, 2017, AlumiFuelrecorded total topline revenue of approximately $302,000. For the second quarter ended June 30, 2017, AlumiFuelrecordedtotal topline revenue of approximately $425,000, representing a quarter to quarter revenue increase of approximately 40.7%
The Company also confirmed it has obtained the necessary shareholder votes to amend to its Articles of Incorporation, reducing its authorized shares as previously disclosed. Said amendment was submitted to the State of Wyoming on June 10, 2017.
Lastly, the Company confirmed its intention of becoming current with otcmarkets.com.
The Company expects to submit its financial results for all unreleased quarters within the next 90 days and will subsequently file for an official name change with FINRA to become Phoenix Equity Holdings Corporation. AlumiFuel Power Corporation is a voluntary SEC filer and intends to adopt the Alternative Reporting Standard with the OTC Markets Group.
The information in this release is preliminary and based upon the information available to the Company as of the date of this release. The information above is forward-looking information and subject to revision or adjustment. However, the Company does not expect material revisions to these preliminary results.
About AlumiFuel Power Corporation
AlumiFuel, operating through its wholly owned subsidiaries, is transforming into a diversified holding company under new leadership and is expected to be renamed Phoenix Equity Holdings Corporation. The Company is exploring several revenue producing acquisition opportunities as it works to build a robustcash flow stream. AlumiFuel currently operates three divisions in the multi-billion dollar temporary staffing industry and holds patented technology for hydrogen generation through its wholly owned subsidiary, NovoFuel.
CONTACTS:
AlumiFuel Power Corporation
641-715-3900 x385402
SOURCE: AlumiFuel Power Corporation
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