Englewood, CO -- (ReleaseWire) -- 07/20/2017 -- AlumiFuel Power Corporation (AFPW) ("AlumiFuel" or the "Company") today announced that its staffing subsidiaries added a combined thirty new customers in the second quarter of 2017.

The second quarter of 2017 marks the first full quarter with CEO Ryan Schadel at the helm of AlumiFuel Power Corporation. Mr. Schadel commented, "While I'm encouraged by some of our second quarter numbers, particularly average billing per client and the number of new clients, this is really just the surface of what we can scale into. Currently, we have a very small service area in our staffing businesses. With a minor investment of time and talent, I believe we can organically increase topline revenues well beyond my initial target of $10 million per year, with our staffing segment alone."

Mr. Schadel added, "As a whole, I'd like to see our staffing segment account for no more than 50% of total revenues as we build out other business opportunities, so we have some growing to do in other areas to get to that balance."

The Company previously reported topline revenue of approximately $425,000 for the second quarter ended June 30, 2017.

About AlumiFuel Power Corporation
AlumiFuel, operating through its wholly owned subsidiaries, is transforming into a diversified holding company under new leadership and is expected to be renamed Phoenix Equity Holdings Corporation. The Company is exploring several revenue producing acquisition opportunities as it works to build a robust cash flow stream. AlumiFuel currently operates three divisions in the multi-billion dollar temporary staffing industry and holds patented technology for hydrogen generation through its wholly owned subsidiary, NovoFuel.

Safe Harbor for Forward-looking Statements:
This news release may contain forward-looking statements that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, they are based on management's current beliefs and assumptions as to future events. However, since the company's operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.

CONTACTS:
AlumiFuel Power Corporation
641-715-3900 x 385402

Source: Uptick Newswire

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Englewood, CO -- (ReleaseWire) -- 06/16/2017 -- AlumiFuel Power Corporation (AFPW) ("AlumiFuel" or the "Company") today announced that it has acquired Owen Logistics, LLC ("Owen"), an asset based carrier specializing in blanket wrap and final mile white glove delivery to its clients.

Owen Logistics serves as an asset based carrier for one of the largest third party logistics providers in the country, who in turn serve some of America's largest businesses. Through relationships in the retail industry, Owen has enjoyed working on large scale projects with large organizations like Macy's and Bloomingdale's. For instance, Owen Logistics has previously generated over $25 million revenue from Macy's related projects.

As retailers are adjusting their business models in a rapidly changing environment, the Company believes substantial assets will need to be either repurposed or liquidated. The Company believes the Owen Logistics acquisition gives it entry into an industry already in high demand and a low risk opportunity to generate a steady cash flow stream.

Pursuant to the Purchase Agreement, the Company will issue 125,000,000 restricted common shares as consideration for the acquisition, and will issue an additional 125,000,000 restricted common shares in 180 days if certain performance milestones are achieved. Management of Owen has agreed to a two year employment agreement.

The Company expects to provide updates in the near future on several other acquisitions in its pipeline, some of which have been previously disclosed.

About AlumiFuel Power Corporation
AlumiFuel, operating through its wholly owned subsidiaries, is transforming into a diversified holding company under new leadership and is expected to be renamed Phoenix Equity Holdings Corporation. The Company is exploring several revenue producing acquisition opportunities as it works to build a robust cash flow stream. AlumiFuel currently operates three divisions in the multi-billion dollar temporary staffing industry and holds patented technology for hydrogen generation through its wholly owned subsidiary, NovoFuel.

Safe Harbor for Forward-looking Statements:
This news release may contain forward-looking statements that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, they are based on management's current beliefs and assumptions as to future events. However, since the company's operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.

CONTACTS:
AlumiFuel Power Corporation
641-715-3900 x385402

SOURCE: Uptick Newswire

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Centennial, CO -- (ReleaseWire) -- 05/08/2017 -- AlumiFuel Power Corporation (OTCMKTS:AFPW) ("AlumiFuel" or the "Company") today announced that it is in final stages of negotiation with its majority debt holder and a private investor for the acquisition and subsequent retirement of substantially all of the company's outstanding convertible debt.

The Company's majority note holder has agreed in principle, to sell its debt to an accredited investor (the "Investor"). The Company expects the Investor to finalize a structured purchase plan of the Company's outstanding convertible debt by May 12, 2017. The Company anticipates the Investor will infuse new capital into the business through purchase of a combination of preferred stock and long term debt.

Ryan Schadel, CEO of AlumiFuel, commented, "This is a huge development for the Company. The work that has been done over the last 90 days is starting to pay off. Getting all parties together on this deal will create a huge positive impact on the Company's cost of capital and its ability to execute on the many acquisition opportunities we have sourced. I look forward to getting this deal completed as we start a new chapter for AlumiFuel and its shareholders."

About AlumiFuel Power Corporation
AlumiFuel, operating through its wholly owned subsidiaries, is transforming into a diversified holding company under new leadership and is expected to be renamed Phoenix Equity Holdings Corporation. The Company is exploring several revenue producing acquisition opportunities as it works to build a robustcash flow stream. AlumiFuel currently operates three divisions in the multi-billion dollar temporary staffing industry and holds patented technology for hydrogen generation through its wholly owned subsidiary, NovoFuel.

Safe Harbor for Forward-looking Statements:
This news release may contain forward-looking statements that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, they are based on management's current beliefs and assumptions as to future events. However, since the company's operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.

CONTACTS:
AlumiFuel Power Corporation
641-715-3900 x385402
SOURCE: AlumiFuel Power Corporation

SOURCE: Uptick Newswire

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Centennial, CO -- (ReleaseWire) -- 03/23/2017 -- AlumiFuel Power Corporation (OTCMKTS:AFPW) ("AlumiFuel" or the "Company") today announced preliminary revenue results for the fourth quarter of 2016.

For the fourth quarter of fiscal 2016, ended December 31, 2016, AlumiFuel expects total topline revenue to be in the range of $400,000 to $450,000. The Company also expects to report that revenue for the third quarter of fiscal 2016, ended September 30, 2016, will exceed $160,000.

Ryan Schadel, CEO of AlumiFuel, stated, "This marks a major turning point for AlumiFuel. Revenue in 2016 exceeds revenue from the prior five years combined. The Company is focused on generating revenues and cash flows that will allow us to restructure the balance sheet, replace and retire convertible debt, and build value for shareholders."

AlumiFuel has not finalized its financial review process for fiscal 2016. As a result, the information in this release is preliminary and based upon the information available to the Company as of the date of this release. The information above is forward-looking information and subject to revision or adjustment. However, the Company does not expect material revisions to these preliminary results.

The Company has submitted its 10Q for the third quarter of 2016 for final auditor review.

About AlumiFuel Power Corporation
AlumiFuel, operating through its wholly owned subsidiaries, is transforming into a diversified holding company under new leadership and is expected to be renamed Phoenix Equity Holdings Corporation. The Company is exploring several revenue producing acquisition opportunities as it works to build a robust cash flow stream. AlumiFuel currently operates three divisions in the multi-billion dollar temporary staffing industry and holds patented technology for hydrogen generation through its wholly owned subsidiary, NovoFuel.

Safe Harbor for Forward-looking Statements:
This news release may contain forward-looking statements that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, they are based on management's current beliefs and assumptions as to future events. However, since the company's operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.

CONTACTS:
AlumiFuel Power Corporation
641-715-3900 x385402

SOURCE: Uptick Newswire

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Englewood, CO -- (ReleaseWire) -- 03/01/2017 -- AlumiFuel Power Corporation (OTCMKTS:AFPW) ("AlumiFuel" or the "Company") today announced that it is launching a new subsidiary American Workforce Solutions.

On February 23, 2017, the Company created a new wholly owned subsidiary, American Workforce Solutions, Inc. This new subsidiary expands the Company's offering in the staffing industry, adding a potentially very powerful brand with a focus on providing skilled personnel and workforce management solutions to large and medium sized businesses primarily in the light industrial and professional market segments.

In his first speech to a joint session of Congress, U.S. President Trump on Tuesday called for "a new program of national rebuilding," with a $1 trillion price tag and guided with a "buy American and hire American" philosophy.

The Company believes that initiatives of the current administration to build new roads, bridges, tunnels, airports and railways will accelerate demand for high quality workforce management and recruiting services. Site selection for the first of two Regional Staffing Centers has been completed and the Company has identified key personnel to bring this new exciting brand to market.

AlumiFuel CEO, Ryan Schadel, stated, "This is an exciting time at AlumiFuel as we work to build this Company into something shareholders will be proud to own. Creating and launching this new brand is just one of many steps we are taking to build a revenue base that will further my initiative to restructure the balance sheet and clean up the capital structure. Last week, a resolution was approved to rename the Company to Phoenix Equity Holdings Corporation. I believe this is fitting and representative of my vision for the future."

Mr. Schadel will hold an open livestream Q & A and discuss recent developments at the Company via periscope.tv on Friday March 3, 2017 at approximately 4:00PM ET. Search and follow @CRyanSchadel to receive instant notification of the livestream broadcast.
 
About AlumiFuel Power Corp.
AlumiFuel Power Corporation, operating through its wholly owned subsidiary, NovoFuel, Inc., is an early production stage alternative energy company that is pursuing hybrid renewable energy systems for a number of backup power applications. The NovoFuel brand includes a new line of high capacity lithium-ion batteries as well as patented and proprietary technology that generates hydrogen gas through the chemical reaction of aluminum powder, water, and proprietary additives. The Company recently formed a new subsidiary, Energy Staffing Solutions, Inc., and has entered the temporary staffing industry.

Safe Harbor for Forward-looking Statements:
This news release may contain forward-looking statements that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, they are based on management's current beliefs and assumptions as to future events. However, since the company's operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.

CONTACTS:
Ryan Schadel
AlumiFuel Power Corporation
641-715-3900 x385402

SOURCE: Uptick Newswire

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Centennial, CO -- (ReleaseWire) -- 02/21/2017 -- AlumiFuel Power Corporation (OTCMKTS:AFPW) ("AlumiFuel" or the "Company") today announced that it has successfully negotiated agreements with certain noteholders to restructure and refinance its outstanding debt.

The Company has reached agreements with three of its convertible noteholders whereby the Company may redeem the notes for cash. The agreements call for a freeze on conversions of debt to shares of common stock by these noteholders. Additionally, the Company is targeting a reduction of approximately $1.2 million in liabilities on its balance sheet that are related to various legacy ventures.

AlumiFuel CEO, Ryan Schadel, commented, "I have completed a review of each liability on the Company's balance sheet. The majority of these liabilities are payables and debt related to various failed ventures from prior management over the years. The Company is embarking on a path toward the future and liabilities from the past must be drastically reduced. New management and new shareholders should not foot the bill for prior failures."

The Company intends to use short term financings to refinance so called "toxic debt" while its scales up its operation as a diversified holding company and pursues less dilutive means to finance growth.

"We need a lender that we can rely on short term to help fund refinancing and restructuring, but that will also be shareholder friendly. I believe we have that, as evidenced by recent trading in our common stock at 52 week highs," added Mr. Schadel.

About AlumiFuel Power Corporation
AlumiFuel Power Corporation, operating through its wholly owned subsidiary, NovoFuel, Inc., is an early production stage alternative energy company that is pursuing hybrid renewable energy systems for a number of backup power applications. The NovoFuel brand includes a new line of high capacity lithium-ion batteries as well as patented and proprietary technology that generates hydrogen gas through the chemical reaction of aluminum powder, water, and proprietary additives. The Company recently formed a new subsidiary, Energy Staffing Solutions, Inc., and has entered the temporary staffing industry.

Safe Harbor for Forward-looking Statements
This news release may contain forward-looking statements that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, they are based on management's current beliefs and assumptions as to future events. However, since the company's operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.

CONTACTS:
AlumiFuel Power Corporation
641-715-3900 x385402

SOURCE: Uptick Newswire

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Englewood, CO -- (ReleaseWire) -- 02/09/2017 -- AlumiFuel Power Corporation (OTCMKTS:AFPW) ("AlumiFuel" or the "Company"), is pleased to announce that Ryan Schadel has been appointed as the Company's President and Chief Executive Officer. Mr. Schadel is known for his hands-on management style, active engagement with shareholders, and seeks to unlock shareholder value.

On February 3, 2017, stockholders holding 56% of the voting shares of the Company's capital stock outstanding, elected Ryan Schadel to the Company's Board of Directors. Mr. Schadel was subsequently appointed to serve as the Company's President and Chief Executive Officer.

Mr. Schadel brings 20 years financial management, sales and leadership experience to the Company. Beginning in 2011, Mr. Schadel founded Labor Smart, Inc., growing the company from startup to over $24 million in annual revenue in just 36 months. Mr. Schadel has a total of 17 years experience in the temporary staffing industry. Prior to founding Labor Smart, Mr. Schadel served as Vice President of a mid-sized private investment firm and was responsible for management of a $318 million asset portfolio. Mr. Schadel is an active investor and serial entrepreneur. Throughout his career, Mr. Schadel has participated in over a half dozen startups and executed a number of corporate takeovers and acquisitions.

Mr. Schadel commented, "Since the passing of Mr. Fong, there have been a lot of questions about the uncertain future of AlumiFuel, its business interests, and its shareholders. As a large shareholder myself, I look forward to addressing those questions in short order and presenting a game plan that benefits all stakeholders in the Company. Consistent with my fundamental beliefs, I can definitively say there will be no plans in the foreseeable future for a reverse split. There is a terrific opportunity for shareholders as we work to turn this Company around."

Going forward the Company intends to rely on various social media channels, in addition to traditional communication mediums, to communicate with investors. Mr. Schadel believes in open, active, and transparent interaction with shareholders. Investors, the media, and others interested in developments at the Company are encouraged to review the information we may post from time-to-time on the following social media channels:

Alumifuel Twitter Feed: www.twitter.com/AFPW_IR (@AFPW_IR)

Alumifuel CEO Twitter Feed: www.twitter.com/CRyanSchadel (@CRyanSchadel)

Alumifuel CEO Periscope: www.periscope.tv/CRyanSchadel (@CRyanSchadel)

About AlumiFuel Power Corporation
AlumiFuel Power Corporation (OTCMKTS:AFPW), operating through its wholly owned subsidiary, NovoFuel, Inc., is an early production stage alternative energy company that is pursuing hybrid renewable energy systems for a number of backup power applications. The NovoFuel brand includes a new line of high capacity lithium-ion batteries as well as patented and proprietary technology that generates hydrogen gas through the chemical reaction of aluminum powder, water, and proprietary additives. The Company recently formed a new subsidiary, Energy Staffing Solutions, Inc., and has entered the temporary staffing industry.

Safe Harbor for Forward-looking Statements
This news release may contain forward-looking statements that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, they are based on management's current beliefs and assumptions as to future events. However, since the company's operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.

CONTACTS:
Ryan Schadel
AlumiFuel Power Corporation
641-715-3900 x385402

Source: Uptick Newswire

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm