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Business

Dinatrum (OTCMKTS:AFPW) New Project In Atlanta To Generate up to $11 Million

Dinatrum/Alumifuel Power Corporation (OTCMKTS:AFPW) has provided an update on its recent activities and acquisitions. The company recently reported to its stockholders that it had signed a letter of Intent on a Project in Atlanta Georgia.

Dinatrum to acquire 6.422 acres block in Atlanta

According to the LOI signed the Dinatrum will acquire a 6.422 Acres block in the suburbs of Atlanta. Already the company has set plans for developing the site by retaining the best Landscape and Design Engineers to design the shape of the lots. The company has indicated that International Contractors will execute different tasks by strictly abiding on Environmental Regulation.

So far Dinatrum has worked with various real estate agents in different cities such as Coldwell Banker, Remax, and Century 21. Dinatrum expects to construct around 60 to 75 townhouses that will fetch a revenue of between $8 million and $11 million in 13 to 25 months. However, this projection might fluctuate depending on the number if Townhouses the company will build. The company has indicated that they will have accurate numbers as they continue with the development and they start Pre-Sales.

In the last decade investment in office space has grown significantly according to Dinatrum. As a result, this is a massive opportunity that resulted in the company considering the project. Revenue generated will depend on the office space the company shall designate within the development. Dinatrum will subcontract experienced developers that they are engaging currently in.

Dinatrum’s change of name

There are no plans of a Reverse Split in the future with the company asserting that it does not have debt conversions or currency conversion. Dinatrum is planning to release more information about its Website statistics. It indicates that it is doing so for purposes of transparency to shareholders who have suggested so.

The change of name and the company’s new trading symbol will be in the OTC market once the company completes the submission of paperwork. This is after FINRA has finalized the review of Dinatrum’s application to change its name. There are plans to list the company on the Mexican Stock Exchange.

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Business

Alumifuel Power Corp (OTCMKTS:AFPW) To Buy Block In Georgia Under Deal LOI With Seger Realty

Mr. Pedro Villagran-Garcia, the President and CEO of Alumifuel Power Corp (OTCMKTS:AFPW), updated on recent acquisitions. The company finalized a cash and stock deal with Seger Realty under which it will buy a block in the outskirts of Atlanta, Georgia.

Focus on Industrial Real Estate

Atlanta, Georgia, is a place where the real estate prices are witnessing a strong momentum, making it a perfect fit for both residential as well as commercial projects. As of now, the project investment is planned up to $350,000 in land improvement and infrastructure. It should be noted that the residential development portion will be offered largely to Atlanta commuters, following lower taxes and great access.

Alumifuel intends to start all the activities related to this project, like permitting, fitting of public utilities, and construction of office and residential spaces, immediately. While the company has a team of specialized international contractors to work on specific tasks, it has invited local contractors to send their proposals for other activities. The project will be completed as per environmental regulations. Also, the company has approached renowned real estate agents like Century 21, Coldwell Banker, and Remax for this project. Although Alumifuel is looking to expand its presence in Mexico, its focus continues to be on the United States.

Alumifuel is not looking for any reverse split shortly. Also, there are no debt conversions in the company’s book. The company expects revenue to come between $5 million-$11 million USD for 2020. Alumifuel looks in the best shape since its start and from a reasonable perspective, due also to their new shareholders, assets it currently hold, their market awareness, projects, liaisons, and developments. Its financial health can be assessed by analyzing financial performance to overall market performance. 

In other news, Alumifuel reported that Pedro Villagran Ochoa would be General Manager for Novofuel. Mr. Ochoa has extensive knowledge and experience in foreign investment. Also, he has a remarkable network within the Mexican Federal Government. This opens a whole new set of opportunities for the company, right from retaining excellent executives and making substantial progress in deal negotiations.

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Marijuana

Alumifuel Power Corp (OTCMKTS:AFPW) Gears Up To Present Financial Statements To OTC Markets And Honor The Transaction With Alchemist Inc

Alumifuel Power Corp (OTCMKTS:AFPW) or Dinatrum is gearing up to present the financial statements to OTC Markets as per the mandate and expects to come out of the stop mark next week. This initiative helps the company to honor the already negotiated transaction with Alchemist Inc and proceed to develop the real estate projects.

To cancel free trading shares

According to the Chief Executive Officer and President, Pedro Villagran Garcia, Alumifuel plans to cancel the free trading shares, and lower shares count on its float to 3.9 billion. It would reduce the amount of around 300 million shares. After the stock value increases, this number would create positive momentum. It accounts for 7.5% of the total float. Alumifuel decided to reduce the number of authorized shares to 7.2 billion from 10 billion.

US Patent issued to Novofuel is valid

CEO of Alumifuel said the US patent 8,974,765 issued to its subsidiary – Novofuel is valid. The copyright is issued to produce hydrogen under controlled conditions with the help of aluminum-based water splitting reactions.

The patent assumes significance because Europe is turning to environmentally friendly fuels. Hydrogen is the right element for eco-friendly energy production. According to Pedro, several firms have approached Alumifuel for hydrogen.

Dinatrum to invest in Alchemist

Dinatrum announced the signing of LOI to invest C$3.5 million in Alchemist Inc. The unit price for the investment is considered at Canadian cents 0.25. Dinatrum will receive 14 million shares from Alchemist after investing. Alchemist has received conditional approval from CSE for trading on completion of C$3.5 million investment.

Alchemist offer consulting and technology services for the California based cannabis sector. Dinatraum plans to explore real estate opportunities in the US and California through investing in Alchemist. The company will sign the formal accord after mobilizing the fund.

Pedro commenting on the development said the company would provide details of the investment plans to the shareholders. The details would include project financing process flow-chart, financing details, the scope of work, and planned acquisitions. Dinatrim is eyeing the real estate market in the US, where the economy is growing at a stronger rate of 2.1% of the GDP.

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Business

Staffing Subsidiaries Of Alumifuel Power Corp (OTCMKTS:AFPW) Adds 30 New Customers In Q2 2017

Alumifuel Power Corp (OTCMKTS:AFPW) reported that its staffing subsidiaries added 30 new clients in the Q2 2017. This marks the first full quarter with Chief Executive Ryan Schadel with the company. Mr. Schadel reported that while they are thrilled by some of their second quarter numbers, especially average billing per customer and the number of new customers, this is just the start of what the company can scale into.

The details

Presently, the company has an extremely small service area in their staffing operations. With a minor investment of talent and time, the management consider they can organically improve topline revenues above the preliminary target of $10 million annually, with the staffing division alone.

Schadel added that as a whole, he would like to see their staffing division constitute for up to 50% of total revenues as they work on other business prospects, so they have some works to do in other segments to achieve that balance.

Alumifuel Power previously posted topline revenue of around $425,000 for the second quarter closed June 30, 2017. The company with the help of its 100% owned subsidiaries is working to transform into a diversified holding firm. All the efforts are being taken under new direction and is anticipated to get a new name – Phoenix Equity Holdings Corporation.

In addition, the firm is looking other revenue producing acquisition prospects for new cash flow streams. As of now, the company currently operates three units in the growing provisional staffing market and has exclusive technology for hydrogen generation through NovoFuel.

In the last trading session, the stock price of Alumifuel traded in a narrow range and closed absolutely flat at $0.00010. The traded share volume was 7.16 million compared to average share volume of 52.64 million. As per the last close, the market cap of firm stands at 222,850.

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Medical

Alumifuel Power Corp (OTCMKTS:AFPW) Staffing Subsidiaries Add New Customers In Q2 2017

Alumifuel Power Corp (OTCMKTS:AFPW) reported that its staffing subsidiary units added a combined 30 new clients in Q2 2017. This marks the first complete quarter with CEO Ryan Schadel at the lookout of company.

Mr. Schadel reported that while they are thrilled by some of their second quarter figures, especially average billing per customer and the number of new customers, this is just the surface of what they can scale into. Presently, they have a small service area in their staffing operations. With a minor investment of talent and time, Schadel consider they can organically improve topline revenues beyond preliminary target of $10 million annually, with company’s staffing division alone.

The details

The CEO of Alumifuel reported that as a whole, they would like to see their staffing division account for no more than 50% of revenues as they establish other business prospects, so they have some work to do in other segments to achieve that balance. Alumifuel previously announced topline revenue of around $425,000 for the second quarter closed June 30, 2017.

For Q1 2017, Alumifuel recorded total topline sales of around $302,000. In the subsequent quarter, the company posted total topline revenue of nearly $425,000, exhibiting a quarter to quarter revenue growth of nearly 40.7%. The firm also validated that it has obtained the required shareholder votes to change to its Articles of Incorporation, decreasing its authorized shares as earlier disclosed. Said amendment was given to the State of Wyoming in the last month.

Alumifuel also confirmed its strategy of becoming current with none other than OTC marketplace. The firm anticipates to disclose its financial report for all unreleased quarters in the imminent 90 days and then will look for an official name change to Phoenix Equity Holdings Corporation. As it is known, the company comes in the list of voluntary SEC filer and looks to embrace the Alternative Reporting Standard with the OTC Marketplace.

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Business

Alumifuel Power Corp (OTCMKTS:AFPW) Revenue Surges 40.7%

Alumifuel Power Corp (OTCMKTS:AFPW) issued preliminary revenue report for the first and second quarters of 2017. For Q1 2017, the company recorded topline revenue of around $302,000 while in Q2 2017, the total topline revenue came at around $425,000, representing a QoQ revenue jump of approximately 40.7%.

The details

Alumifuel confirmed that it has required the necessary shareholder votes to modify to its Articles of Incorporation, lowering its authorized shares as previously announced. Said amendment was filed to the State of Wyoming in the last month. Lastly, the firm confirmed its plan of becoming current with otcmarkets.com. The firm projects to submit its financial report for all unreleased quarters within the subsequent 90 days and will then submit for an official name change with FINRA to turn Phoenix Equity Holdings Corporation.

Alumifuel Power is a deliberate SEC filer and plans to adopt the Alternative Reporting Guideline with the OTC marketplace. The information in this announcement is preliminary and dependent upon the information accessible to the firm as of the date of this announcement. The data above is forward-looking and subject to adjustment or revision. However, the firm does not anticipate material revisions to these initial results.

Alumifuel Power, operating via its wholly owned subsidiary units, is developing into a diversified holding entity under the guidance of new leaders and is projected to be retitled Phoenix Equity Holdings Corporation. The firm is evaluating numerous revenue generating acquisition prospects as it works to establish a strong cash flow stream.

As of now, Alumifuel operates three segments in the multi-billion-dollar provisional staffing market and owns patented know-how for hydrogen generation via its wholly owned subsidiary named NovoFuel.

In the last trading session, the stock price of Alumifuel declined more than 44% to close the day at $0.00010. The decline came at a share volume of 11.47 million compared to average share volume of 72.18 million.

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