FuelNation(TM) Appoints the Accounting Firm of
Deloitte & Touche LLP As Its New Principal Independent
Accountants, Effective January 23, 2001
BOCA RATON, Fla., Jan. 30 FuelNation Inc.
(OTC Bulletin Board: FLNT) a United States-based global application service
provider (ASP) providing Internet-based solution management and fulfillment
services to the petroleum marketing industry (i.e. oil companies, marketers,
gas stations and transports) announces the appointment of Deloitte & Touche
LLP as new principal independent accountants. The primary consideration in
changing independent accountants was the Company's desire to retain a well-
recognized full-service accounting firm to accommodate the Company's domestic
and pending international business.
The statements in this press release that are not historical facts
constitute "forward-looking statements" that involve risks, uncertainties and
other facts which may cause actual results to be materially different from
those set forth in the forward-looking statements. Such factors include, but
are not limited to, the following general economic and business conditions:
competition; the ability to implement and the effectiveness of business
strategy and development plans; quality of management; business abilities and
judgment of personnel; availability of qualified personnel; labor and employee
benefit costs; and availability and cost of raw materials and supplies. In
addition, the Company faces additional risks inherent in its business,
including: market acceptance of its technology, including its R2R technology;
the reliability of the company's technology in sustained and multiple
application scenarios; the ability to scale its operations to support growth;
the ability to attract necessary funding for its operations; and market
conditions in the fuel industry. The Company will not undertake and
specifically declines any obligation to publicly release the result of any
revisions that may be made to any forward-looking statements to reflect events
or circumstances after the date of such statements or to reflect the
occurrence of anticipated or unanticipated events.