DIDSBURY, Alberta, - (http://www.financialnewsmedia.com News Alert) - Xfuels Inc. (OTC: XFLS) is pleased to report on Area 2 Energy progress. July sales for Area 2 Energy were $75,817.33 with a summarized net operating income of $55,004.63. July sales increased by 180% from the May acquisition due to implementation of the capital plan and increased gas prices. August and September sales are on target as sales prices have hit highs of $2.70/GJ and futures show a continuing uptrend over $3.00/GJ through 2017 and 2018.



As per the news release of September 7th, 2016 Converde and Xfuels are implementing the capital plan to increase production through cash flow and shareholder financing from Converde for the immediate future. Once Xfuels has completed its S1 registration statement, as per the terms of the equity purchase agreement announced on August 30th, 2016, the company will continue increasing its investment into the field.



Mr. Michael McLaren states \"The growth in revenue increases our bottom line and allow us to continue growing the business and implementing our technology.\" He further stated \"The company continues to move forward on other profitable projects and having this consistent cash-flow allows us to effectively execute our venture upside projects.\" (Read this full release at http://www.financialnewsmedia.com/stock-investing-business-investing-news/featured-news.php?id=868)



The company continues to manufacture and test a demo 4-ton system at our Didsbury location which will produce about 500 gallons of fuel per day with the integration of the catalytic reactor portion of the system. Our engineers are satisfied with the performance of the upgraded reactor and proprietary power supply and look to begin testing the production of fuel at this time. The company is working in conjunction with government to implement the system in the field at their Atlee location.



About XFuels, Inc.



XFuels The Clean Petroleum & Power Company is a publicly held energy company based in Portland, Oregon USA, established to design, build, and operate regionally-integrated, small-to-midcap electricity and petroleum production facilities. XFuels...