SUNRISE, FL -- (Marketwired) -- 03/06/14 -- Fuelstream (OTCQB: FLST), a worldwide reseller of Aviation Jet fuel, has negotiated a new credit facility which provides for up to 30 days of credit terms. This new credit facility allows Fuelstream to immediately commence fuelings for some of their existing customers. Robert Catala commented, "We are very excited that this new funding is just what we have been waiting for to provide the services and jet fueling necessary for us to generate revenues. This new Credit Facility enables us to start fueling right away. Our staff is very excited and will be working hard to secure other potential clients so that we can generate the revenues that have not been available without a credit facility. We are looking forward to growing our business, through more contracts, more funding, also through potential Acquisitions and Mergers. Fuelstream is committed to the company's Mission, and adding shareholder value as we grow. We will be updating shareholders as events unfold."
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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.
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.