Major Update March 1, 2021
Dear Shareholders,
It has been 2 weeks since I started as President of CyberFuels, Inc. and CyberFuels Gateway Terminal and I wanted those first 14 days to get myself further entrenched in the businesses before I shared with you my thoughts and vision for the future of these firms.
First off, I am truly grateful and humbled to be asked by Ron Mills to lead these great companies into what I know will be challenging, and yet extremely exciting times ahead. He has built a solid foundation that we plan to build upon in the years ahead. Many companies have been hit hard by the pandemic, and I have been blessed to have been at Bank of America in the Small Business arena to help business owners of all industries strive to not only stay in business, but morph into the post-pandemic economy. I shared my decades of expertise, experiences, and business development lessons with those business owners while I treasured the opportunity to learn and gain insight from those owners as well. While I was there as Assistant Vice President at Bank of America, I was privileged to meet Ron Mills by happenstance about 15 months ago. Not only did our friendship grow, but he was able to share with me (under NDA) information about the exciting companies that he was running. The more we talked, the more he saw the synergies between what he wanted and what these two companies needed; specifically, my prior industry relationships, knowledge, and wisdom I could bring given my years of experience in the fuel and banking industries. Especially intriguing to me were the opportunities that lay in wait for CyberFuels, Inc. and CyberFuels Gateway Terminal. I am a leader and an entrepreneur at heart; I have owned multi-million-dollar businesses with over 400 employees as well as smaller firms so joining these two companies at this opportunistic time is a natural fit for me.
During the last 15 months, Ron and I have been discussing growing CyberFuels by acquiring more stations and building more retail relationships to sell our fuels including Dynamo. To do so, we have been pursuing an opportunity to build an immense supply and storage facility / terminal here in Florida for CyberFuels. The terminal will not only store and mix our patented formula for EcoFlex and Dynamo, but also store other companies’ fuels and biofuels for added throughput revenues for us. To wit, we are currently under a signed Definitive Agreement with the properties’ owner to purchase land with terrific sea, truck, and rail access that will enable us to deliver a consistent supply of fuels to a very under-supplied State. Currently, there exists an average of only 2 – 4 days’ supply of gasoline, diesel, and jet fuels in Florida and those fuels are supplied nearly all by marine tankers and barges. Florida has no refineries and pipelines which puts the state in a precarious position given the ever- increasing population growth in the state. When storms hit the Gulf and the state, the supply is even more problematic. CyberFuels has an exciting opportunity to build a state-of-the-art “Green” storage terminal complex to help relieve the current storage demand as well as controlling CyberFuels own fuel needs. Since we are under an NDA with the seller until the Closing, which we expect in the upcoming months, we are limited to what we can share now, but the final inspections and due diligence are going well.
We have contracted with Jon Currier, a world-renowned terminal engineer and project manager for help with the site planning, due diligence, and construction efforts for this project. Jon and I have worked many years together and his firm is our logistical backbone for the build-out of our Green new terminal. We expect to utilize solar power at the terminal, as well as all environmentally friendly options possible for the first new fuel farm in Florida in decades.
Next, I am pleased to have another long-time acquaintance, Ken Klipper, join our team as Special Financial Advisor. Ken has many years of experience as a public company CFO. His assistance has already been felt as we build investor relations and forge ahead to add the basis for the companies’ governance, financial reporting, and infrastructure necessary to enable us to uplist ECSL shares to the NASDAQ marketplace. Please realize that there are significant acceptance criteria, including, but not limited to, a $4 per share bid price in order to qualify for and gain acceptance to join Nasdaq. We believe that this is an important goal for the company and for our shareholders as it will provide greater stock liquidity while expanding the universe of buyers.
Some may wonder why we believe that it is appropriate to pursue the land purchase and construction of a fuel farm in Florida given the “Green New Deal” and other initiatives to lower fossil fuel emissions in the coming decades? We are excited about CyberFuels’ prospects to lower carbon and sulfur emissions, add better fuel efficiencies, and improve mpg, while lowering fuel costs for consumers. The consensus of leading industry executives is that Electric Vehicles (EV) will be a small percentage, potentially as low as 20%, of the auto industry’s sales in the decades to come as the industry deals with the roadblocks of charging stations, raw materials shortages for batteries, and new battery configuration. Also, battery-only operations do not make sense for aircraft and marine vessels, so we are in a prime position to have a new, biofuels friendly, storage terminal for all modes of transportation for decades to come while we continue to build our retail establishments with control of our own storage supplies. We anticipate that those retail stations will have a super-station look, with branded CyberFuels gasoline and diesel. So, we are investing in the Companies’ growth opportunities, we are investing in our communities by providing more and better fuel resources, and we are investing in highly talented people to build the Companies’ futures.
Thank you for your support to date and I look forward to working with you and for you in the years to come. I will share more information as it becomes permissible.
Sincerely,
John Lawrence
President / CyberFuels, Inc.
