CENTENNIAL, CO -- February 8, 2017 -- InvestorsHub NewsWire --
AlumiFuel Power Corporation (AFPW) ("AlumiFuel" or the
"Company"), is pleased to announce that Ryan Schadel has been
appointed as the Companys 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 Companys 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)
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
