Alumifuel Power Corporation Subsidiary Energy Staffing Solutions Signs License Agreement With Labor Smart in First Phase of Expansion Plans
FOR IMMEDIATE RELEASE
ALUMIFUEL POWER CORPORATION SUBSIDIARY ENERGY STAFFING SOLUTIONS SIGNS LICENSE AGREEMENT WITH LABOR SMART IN FIRST PHASE OF EXPANSION PLANS
CENTENNIAL, Colorado August 16, 2016. — AlumiFuel Power Corporation (OTCPink: AFPW) (“AlumiFuel” or the “Company”), announced today that its newly formed wholly owned subsidiary, Energy Staffing Solutions, Inc. (“ESS”) has signed a license agreement with Labor SMART, Inc. (OTCPink: LTNC). ESS plans to use the Labor SMART™ trademark moving forward in the development of its staffing operations as applicable.
In conjunction with the agreement Labor SMART will provide consulting services to ESS for assistance with establishing and expanding its business. In addition, it is anticipated Labor SMART will provide consulting support to include long-term growth strategy, corporate and capital structure planning, recruiting and operational support.
“We are very excited with this collaboration to use the Labor SMART trademark as their brand equity has been recognized by many companies for being a premier provider in terms of reliability, flexibility and dependability,” said AlumiFuel Chief Executive Officer, Henry Fong. “This established platform will be a great impetus to launching and following through with our plans for ESS. We are continuing the due diligence process and reviewing potential transactions to help establish a base for ESS’s business and will provide further details as conditions warrant,” concluded Mr. Fong.
About Labor SMART
Labor SMART, Inc. provides On-Demand temporary labor to a variety of industries. The Company’s clients range from small businesses to Fortune 100 companies. Labor SMART was founded to provide reliable, dependable and flexible resources for on-demand personnel to small and large businesses in areas that include construction, manufacturing, hospitality, event-staffing, restoration, warehousing, retailing, disaster relief and cleanup, demolition and landscaping. Labor SMART believes it can make a positive contribution each and every day for the benefit of its clients and temporary employees. The Company’s mission is to be the provider of choice to its growing portfolio of customers with a service-focused approach that enables Labor SMART to be seen as a resource and partner to its clients.
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., with plans to enter 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.
AlumiFuel Power Corporation
Henry Fong, Chief Executive Officer