Fuelstream Enters Domestic US Market With Expansion Into Caribbean
01 Agosto 2013 - 10:15AM
Fuelstream Inc. (OTCQB:FLST) ("Fuelstream" or the "Company")
announced today that it will begin regular jet fuelings in both the
US and the Caribbean and aggressively pursue this market.
Fuelstream participated in the inaugural weekend of flights between
Miami and Port-au-Prince and sees this as an exciting opportunity
to expand its offerings. Once flights expand to a daily
schedule, the company anticipates quarterly revenues of
$1,329,600.00 with annual sales just over $5,300,000.00 on the
airlines initial route. The airline has plans to expand its
service throughout the region in the near future.
Robert Catala, Fuelstream CEO commented, "Fuelstream had
previously focused on its business in South Africa but is excited
to begin selling fuel in South Florida and the
Caribbean. After all, with our Corporate Headquarters near Ft
Lauderdale, we consider this our own back yard and already know
most of the players."
About Fuelstream
Fuelstream is an operating fuel logistics company that
concentrates its supply chain management efforts in the
distribution of aviation fuel to corporate, commercial, military,
and privately-owned aircraft throughout the world. Currently, a
majority of the Company's fuel and related services are
concentrated in the sourcing, purchase and delivery of (Jet-A) fuel
"into the wing" of private and commercial aircraft at various
airports. With offices in Sunrise, Florida and Johannesburg,
South Africa, the Company intends to supply a variety of ground
services either directly or through its affiliates, including
concierge services, passenger and baggage handling, landing rights,
coordination with local aviation authorities, aircraft maintenance
services, catering, cabin cleaning, customs approvals, and
third-party invoice reconciliations. For more information please
visit www.thefuelstream.com.
Safe Harbor and Forward-Looking Statements
This press release contains certain forward-looking statements
regarding possible future circumstances. These forward-looking
statements are based upon the Company's current expectations and
assumptions and are subject to various risks and uncertainties that
could cause actual results to differ materially from those
contemplated in such forward-looking statements including, in
particular, any risks and uncertainties with respect to the
Company's operations, as well as those contained in the Company's
quarterly, annual, and periodic filings with the Securities and
Exchange Commission. Actual results, events, and performance may
differ. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as to the date hereof.
The Company undertakes no obligation to release publicly any
revisions to these forward-looking statements that may be made to
reflect events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events. The inclusion of any
statement in this release does not constitute an admission by the
Company or any other person that the events or circumstances
described in such statements are material.
CONTACT: Investor Relations
(954) 423-5345
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