Fuelstream Initiates Fuel Deliveries in Africa
18 March 2014 - 1:29AM
Marketwired
Fuelstream Initiates Fuel Deliveries in Africa
SUNRISE, FL--(Marketwired - Mar 17, 2014) - Fuelstream, Inc.
(OTCQB: FLST) ("Fuelstream" or the "Company"), a worldwide reseller
of Aviation Jet fuel, announced today that it has initiated fueling
operations in Africa by providing fuel uplifts to Global
Airways. The initial schedule provided to Fuelstream called
for 11 flights in the first week and is expected to ramp up as
additional flights are added. As the fueling schedule ramps
up, the fuel uplifts will be accomplished through our worldwide
network of aviation jet fuel vendors. Most flights will be
between South Africa and other airports throughout the African
continent.
Fuelstream announced the availability of a new credit facility
on March 6, 2014. As we stated in the release, this credit facility
allows Fuelstream to immediately commence fuelings for some of
their existing customers. We plan to grow this credit facility by
expediting ticket tracking, overnight invoicing, and by maintaining
an impeccable payment history. We expect additional fuel uplift
requests and we have the capacity to service significantly more
customers. We also anticipate broadening the scope of our
involvement with our customers, as we begin providing ground
services, such as 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 either directly or through affiliates.
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.
About Global Global Airways is an international Air Transport
Organization involved in the acquisition, heavy maintenance,
refurbishment, chartering and leasing of aircraft.
Established in 2001, Global's principal strategy is to offer
full aircraft services and maintenance with a highly trained staff
and crew compliment. Global services many government and regional
airlines based in South Africa and the company is seeking to add
fuel serving as a new business unit.
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.
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