This stock needs to get recognized on more message boards. great news release
CyberFuels Inc. Announces Year-End Results
Mon August 19, 2019 2:51 PM|GlobeNewswire|About: ECSL
PALM BEACH GARDENS, Fla., Aug. 19, 2019 (GLOBE NEWSWIRE) -- EncounterCare Solutions (ECSL: Pink Sheets OTC) posted its year-end results on the OTC on August 15, 2019. Revenue for the year ended June 2019 increased by 262 % over June 2018. Revenue increased from $445,123 in June 2018 to $1,168,216 for June 2019.
Revenue growth was driven by strong fuel sales of the company’s EcoFlex brand of fuels. The company posted significantly higher revenue for both the third and fourth quarters of the fiscal year 2018-19.
The strong upward trend in revenue is expected to continue in the first quarter of 2019-2020 with the expansion of the CyberFuels brand both in the state of Florida as well as in Canada and other international markets.
Additionally, the company’s net cash deficiency decreased by 59% in the last quarter of 2018-19 and the company expects to post a net cash profit for the year 2019-2020.
The Company’s subsidiary, CyberFuels, Inc. has been largely a development company for the past four years. However, the Company is now selling its proprietary GEM fuels and Alternative Methanol enhanced fuel as well as its Dynamo brand of fuel additives.
Also significant in the last two quarters of 2018-19 is the opening of two CyberFuels branded gas and convenience stores in Florida. The company expects to add an additional 5 CyberFuels branded stations in the current fiscal year. This includes a truck and auto plaza in Montreal, Canada. CyberFuels expects to have continued strong performance in both the US and international markets during the current year.
