Did you see EFUL news today, does look interesting. Do you know the current share structure? Most recent from Apr 08 shows 300m A/S, 233m O/S and approx 100m tradeable.
eFUEL EFN, Corp. Positioning Subsidiary as Super 8(a) Vendor to Provide Background Verification and Drug Testing Services to U.S. Government Agencies
Tuesday September 23, 8:15 am ET
Government Services Agency (GSA) Designates 23% of its Total Budget Each Year for Small Businesses; Native American-owned or "Super" 8(a) Vendors Receive Special Consideration Including GSA Service No-Bid Contracts "Without Study or Cost Comparison"
GSA Sales Numbers in 2007 for Schedule 738X (Pre-Employment Background Checks) Over $177 Million; Numbers for GSA Schedule 66 (Which Includes Drug Testing Services) Over $693 Million
TAMPA, Fla.--(BUSINESS WIRE)--eFUEL EFN, Corp. (Pink Sheets:EFUL - News), owner and developer of revenue generating, Internet-based assets, announced today that its subsidiary I-nexworldwide has applied for and expects to soon receive “Super” 8(a) exemption status from the Small Business Administration. Earning Super 8(a) status is very significant to eFUEL’s subsidiary, as it will impart on the company significant advantages related to receiving GSA contracts. I-nexworldwide, a 49 percent-owned subsidiary of eFUEL, markets employee-screening services with a special focus on U.S. Government agencies.
The GSA serves as contractor for all vendor services provided to Homeland Security, the Veterans Administration, the Department of Defense, the Department of Energy, and all other U.S. federal government agencies. In fact, the GSA is widely known as the largest purchaser of products and services in the world. Expecting to receive its exemption status in October-2008, eFUEL/I-nexworldwide will soon be positioned as the only Super 8(a) provider of employee background verification services to the GSA.
As stated above, the GSA designates 23% of its massive billion-dollar budget specifically for small businesses, with minority-owned businesses receiving preference, and Native American-owned or Super 8(a) exempt businesses having the highest priority.
Under government guidelines (SBA 13 CFR 124.109), Native American-owned 8(a) small businesses are eligible for "Super 8(a)” exempt status without formal explanation. The United States government may directly outsource non-inherently governmental services (or functions) to Super 8(a) enterprises without study or cost comparison. A Super 8(a) exempt status is extremely beneficial to any Company, as businesses exempt under this classification receive contracts without having to engage in bidding processes that favor vendors who submit the lowest cost bids. This exemption program allows socially disadvantaged businesses (SBD) to receive contracts that only the largest companies coming in at the lowest price would receive otherwise.
The Company has retained the services of the prominent consulting firm, Government Contracting and Marketing Services, LLC (“GC&M”), to lobby on eFUEL’s and I-nexworldwide’s behalf. GC&M has already presented the Company’s pre-employment background screening and drug testing services to government agencies in both Atlanta and Washington DC. While the Company is currently a registered vendor for the GSA by being listed in the Government Central Registration (CCR) database, and has been servicing the U.S. Coast Guard, achieving Super 8(a) status will enable the Company to leap ahead of numerous other potential bidders and likely become the "vendor of choice" for the GSA’s very large pre-employment screening budget.
More information on the Company’s initiative to achieve this exemption status from the SBA will be made available as soon as possible.
About eFUEL EFN, Corp.:
eFUEL EFN, Corp. (“eFUEL”) is a publicly traded company listed on the Pink Sheets under the symbol EFUL. eFUEL is an Internet services company offering a wide variety of products including background screening and verification sites, including www.Valimate.com, and www.VeritasID.com, which includes the product VerifiAmerica.com. On-line dating sites www.outRAGEousEncounters.com and www.PositiveLove.com, announced today the launch of their New service called Easy ID the fastest, easiest ID verification available on the Internet. This product will be offered Free to all new members who purchase any eFUELstore.com service. Simply enter a person's full name and birthday and the background information will be provided. This service is also available at the company's main site eFUELstore.com or Valimate.com.
Safe Harbor Statement:
Certain Statements in this press release constitute "forward-looking statements" 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, performances or achievements express or implied by such forward-looking statements. 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.
Investor Relations for eFUEL EFN, Corp.:
Equiti-trend Advisors LLC
(800) 953-3350 toll-free, U.S. & Canada
(858) 436-3350 local or international callers
For eFUEL EFN, Corp., Tampa:
info@eFUELcorp.com
Contact:
eFUEL EFN, Corp., Tampa
Joseph Cillo, CEO, 813-968-2695
info@eFUELcorp.com
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Source: eFUEL EFN, Corp.
