AFPW AlumiFuel Power Corporation (CE)

CENTENNIAL, CO -- September 13, 2016 -- InvestorsHub NewsWire -- AlumiFuel Power Corporation (OTCPink: AFPW) (AlumiFuel or the Company), announced today that its wholly owned subsidiary, Energy Staffing Solutions, Inc. (ESS) has closed its second Asset Purchase Agreement to acquire a staffing business unit from Labor SMART, Inc. (OTCPink: LTNC). The asset purchase consists of the business operations including customer lists, contracts, fixed assets, leases and certain other intangibles for operation of the ongoing business. No liabilities were assumed. These newly acquired assets produced more than $1 million in revenue in the last full year of operation with positive cash flow on an unaudited basis; and a customer base comprising nearly 300 businesses.

"The acquisition of over $2 million in revenue within the past thirty days for staffing operations signifies our commitment to building a solid foundation in the temporary staffing business," said AlumiFuel Chief Executive Officer, Henry Fong. "By acquiring the assets of a second operating business, ESS has immediate revenue and cash flow while providing a further basis for both organic and transactional growth."

The Company is continuing its due diligence on other acquisition opportunities and will update shareholders as events warrant.

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 companys progress, business opportunities and growth prospects, they are based on managements current beliefs and assumptions as to future events. However, since the companys 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.

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