Email update from Mr McCandless about the delay
From:
Sent: Thursday, April 05, 2012 3:04 PM
To: jim@altfueltechnology.com
Subject: Good afternoon, a shareholder question
Good afternoon,
I hope all went well with your trip out of the country.
And since you are still head of shareholder relations,
I was wondering when the press release of the 2011 summary / 2012 update will be coming?
I understand the website had been updated, but that does not reach the business world
and you did say there would be a follow up in a press release. I also understand there is
certain information that can only be released in an official way to follow the letter of the law.
We have tried to be patient, but would like to know all the current progress that AFTC
has been doing. Thank you for your time.
********
Just as soon as I have time. I am under a lot of pressure by the Army to submit a major report, and I have 2 quotes due to potential new customers. We are also working on 1st quarter financials. I want to include references to our 2012 financials since they will look pretty good.
Jim McCandless-President
Alternative Fuel Technology, LLC
Tel: 313 720 8680
Visit or Website www.altfueltechnology.com
************
Ok,
We thought you were done with the first sbir army requirements, but I see
there is a lot of paper work for them, and with other customers...
************
We finished the testing successfully on the first sbir. We still have $90k
left to spend on inspection & reports. I just asked for a 30 day extension
as I have to do the inspection and report writing myself.
Jim McCandless-President
Alternative Fuel Technology, LLC
Tel: 313 720 8680
Visit or Website www.altfueltechnology.com
*******
-----Original Message-----
From:
Sent: Thursday, April 05, 2012 3:33 PM
To: Jim McCandless
Subject: Thank you for the quick reply, and happy holidays with your family
Thanks again for the quick reply and your time.
*******************
You're very welcome.
Jim McCandless-President
Alternative Fuel Technology, LLC
Tel: 313 720 8680
Visit or Website www.altfueltechnology.com
