Published On: Thu, Feb 9th, 2017

Alumifuel Power Corp (OTCMKTS:AFPW) Appoints Ryan Schadel As CEO Of The Company

Alumifuel Power Corp (OTCMKTS:AFPW) has appointed Ryan Schadel as the firm’s Chief Executive Officer and President. Mr. Schadel is popular for his hands-on management approach, active engagement with investors, and seeks to create shareholder value.

The details

On February 3, 2017, investors holding 56% of the total voting shares of the due capital stock, elected Ryan Schadel to the firm’s Board of Directors. Schadel was subsequently engaged to serve as Alumifuel’s Chief Executive Officer and President. He brings financial management, leadership and sales experience of over 20 years to the firm.

Beginning in 2011, Schadel established Labor Smart, Inc., taking the firm from startup to more than $24 million in yearly revenue in merely 36 months. Schadel has experience of 17 years in the temporary staffing market. Prior to establishing Labor Smart, he served as VP of a mid-sized private investment company and was responsible for managing asset portfolio worth $318 million. Mr. Schadel is a serial entrepreneur and active investor. Throughout his career, he has participated in more than a half dozen startups and closed a number of corporate acquisitions and takeovers.

On his new role, Mr. Schadel said that since the passing of Fong, there has remained uncertainty over the future of Alumifuel, its shareholders and its business interests. As a large shareholder, he looks forward to solving those concerns in short order and offering a game plan that benefits all investors in the firm. Consistent with his fundamental beliefs, he can assert that there are no plans in the predictable future for a reverse split.

Going forward Alumifuel plans to rely on different social media channels, in addition to conventional communication mediums, to converse with investors. Schadel believes in open, transparent and active interaction with investors. The media, investors and others interested in advancements at the firm can review the information that company post periodically on the social media channels.

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