SUNRISE, FL — (Marketwired) — 07/11/13 — Fuelstream, Inc. (OTCQB: FLST) (“Fuelstream” or the “Company”) announced today that it has entered into an agreement to provide logistical support and jet fuel for new aircraft deliveries from manufacturers in Canada, the United States and Europe. The agreement will cover aircraft deliveries to Southeast Asia. The initial term of the agreement is for a period of one year. The Company anticipates that at least 18 new aircraft covered under the agreement, including the Boeing 777, the Boeing 737-800, the CRJ and the Airbus A-320. These aircraft are assembled at 5 different factory locations and are part of an ongoing intensive fleet renewal program for the client. Fuelstream intends to provide jet fuel along the various routes for each of the aircraft until it reaches the final destination.
Robert Catala, CEO, commented: “The direction that Fuelstream is taking fills a large void in the aviation industry by providing both logistical support as well as our core activities, the fueling of aircraft. Our plans are to continue to provide innovation as well as what we feel is the best service in the industry today.”
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 .
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.