MOMO'S BREAKOUT BOARD

[Farmboynate]

$XFLS HUGE NEWS OUT!!!

https://www.otcmarkets.com/stock/XFLS/news/Xfuels-Announces-Completion-of-Audit-of-Historical-Financial-Statements-Along-with-Filing-on-SEDAR?id=343761

Xfuels Announces Completion of Audit of Historical Financial Statements Along with Filing on SEDARPress Release | 02/15/2022

Calgary, Alberta, Feb. 15, 2022 (GLOBE NEWSWIRE) -- Today, Xfuels Inc. (OTC Pink: XFLS) announces the completion of an external accounting audit of its 2019 and 2020 financial statements.

The finalization of this audit lays a foundation for Xfuels to once again have its common shares freely traded in Canada, and for Xfuels to qualify to file as a fully reporting issuer with the United States Securities and Exchange Commission.

Further, Xfuels now expects to qualify for listing on OTC Markets Group’s OTCQB Venture Market in the United States.

“This is truly a watershed moment for our company,” said Xfuels CEO Mike McLaren. “We have invested over two years collecting supporting data on our past operations in order to satisfy PCAOB audit requirements. And now that we have successfully made it to the end of this process, we hope to improve our access to capital to support our growth.”

Xfuels’ 2019 and 2020 financial audit was completed by Borgers CPA PC (“Borgers”).

Borgers is a public accounting firm registered with the Public Company Accounting Oversight Board in the United States ("PCAOB").

Borgers has attested that it conducted its audit in accordance with the standards of the PCAOB. Those standards require that Borgers plan and perform its audit to obtain reasonable assurance about whether the financial statements that they are auditing are free of material misstatement, whether due to error or fraud.

Borgers’ audit included performing procedures to assess the risks of material misstatement of Xfuels’ financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the Xfuels financial statements. Borgers audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements.