Fuelstream Business Summary

www.aviationfuelintl.com

A World-Wide Logistics Fuel Supplier

www.fuel-stream.com A World-Wide Fuel Supplier

Business Summary

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OTC: (FLST)

http://www.aviationfuelintl.com/

http://www.thefuelstream.com/


Fuelstream was incorporated in the State of Delaware on July 12, 1996. We are an in-wing and on-locationsupplier and distributor of aviation fuel to corporate, commercial, military, and privately owned aircraftthroughout the world. We also provide a variety of ground services either directly or through our affiliates,including concierge services, passenger and baggage handling, landing rights, coordination with local aviationauthorities, aircraft maintenance services, catering, cabin cleaning, customs approvals, and third-party invoicereconciliation. Our personnel assist customers in flight planning and aircraft routing aircraft, obtaining permits,arranging overflies, and flight follow services. We anticipate that worldwide demand for commercial, governmentand private air travel will continue to increase and that small fuel resellers such as Fuelstream will be able tocompete in this fragmented but highly competitive marketplace by delivering exceptional customer service andcompetitive pricing.

Company Background





In 2015, Fuelstream obtained a $2M revolving line of credit from NuVenture Fund I, LLC for fuel purchases, and has the ability to expand the line of credit. Access to credit has and will result in more favorable pricing and, consequently, improved margins. Additional credit lines in excess of $10M are also being developed as the Company’s sales increase. Access to a stable credit provider will enable Fuelstream to service progressively larger accounts and obtain larger discounts from fuel producers.

Access to Credit





Company Background – (continued)


We are governed by a board of directors, and are managed by Kenneth Denos, our Chief Executive Officer andSecretary, and Chene Gardner, our Chief Financial Officer. Our Vice President of Sales, Kevin Blanco, as well as his sales team, are considered key members of our staff and are central to our growth and developments plans. Our senior management team has more than 75 years of experience in aviation services, flight operations, international finance, accounting and auditing, and legal. Our principal offices are located in Florida and Utah. We also have offices in Johannesburg, South Africa, and affiliate offices in London and Istanbul.




We believe that air transportation will play a substantial role in the growth of worldwide trade, particularly in lessdeveloped regions that do not have a cost-effective means of reaching deep water shipping ports or who areseeking to expand same-day access to international trading markets. Domestically, aircraft utilization, whether forpassengers, freight, or corporate use, is closely correlated with the strength and growth of the U.S. economy.According to the FAA Aerospace Forecast for Fiscal Years 2015 to 2024, the U.S. economy will grow at an averageannual rate of 3% for the next ten years. The world economy is expected to increase at an average annual rate of3.1% over the same period.

Market




www.aviationfuelintl.comwww.thefuelstream.com

Transportation Fuel Industry

Exxon/Mobile - The Outlook for Energy: A View to 2030 Link to Report

In a report covering global demand, the World EnergyCouncil predicts over the next four decades, the globaltransportation sector will face unprecedented challengesrelated to the growth in fuel demand.

Between 2015 and 2050, total fuel demand in all transportmodes will increase by 30%-82% over 2010 levels. Thisgrowth is mainly driven by trucks, buses, trains, ships, andairplanes.

The transport sector will depend heavily on gasoline,diesel, and jet fuel; which currently comprised the bulk(80%–88%) of the transport market.

Diesel will grow by46% - 200%

Jet Fuel will grow by200% - 300%




http://www.exxonmobil.com/Corporate/files/news_pub_eo_2010.pdf



OVERVIEW

Providing Jet-A

Aviation Fuel to

thousands of

locations

worldwide

Fuelstream, Inc., is an operating fuel logistics company which currentlyconcentrates its supply chain management efforts in the aviation fuel productssector. We are principally engaged in the marketing, sale and distribution ofaviation fuel products and related services on a worldwide basis. A partialmaster supply contracts portfolio can be seen below:

Currently, a majority of the Company’s fuel and related services areconcentrated in the sourcing, purchase and delivery of (Jet-A) fuel, into thewings of private and commercial aircraft at airports.






Market Outlook


We expect that a significant component of our future business will consist of fuel delivery to all-cargo commercialfreight carriers. This particular segment of the industry has increased its share of the freight market from 65% to 81%over the past ten years. There are a number of recent factors that account for the relative growth of the all-cargosector. One such factor was the October 2001 FAA security directive that strengthened security standards fortransporting cargo on passenger flights. A second factor was the decision of the U.S. Postal Service to use all-cargocarriers as a means to improve control over mail delivery. The all-cargo operator ’s share of the cargo market is forecast to increase to 84% by 2017.

We also intend to service the general aviation, corporate markets as well as both the national and internationalgovernment sectors through government and quasi-government contracts. The FAA Aerospace Forecast projects thatthe general aviation turbine powered aircraft fleet will grow 4% annually through 2017, Moreover the very light jet(VLJ) category is forecast to grow by 500 aircraft per year over the same time period. U.S. general aviation turbo jetair taxi hours flown is forecast to increase at an annual rate of 10.2% through 2017.

We also provide fuel and related ground services to small airlines and aircraft charter companies. We expect that emerging markets in Africa, the Middle East, and Asia will see a substantial increase in discount passenger travel and aircraft chartering in the coming years.




Global Reach

Capitalizing on established network of intermediary service providers i.e. into-plane agent, truck operators, fixed-base operators, inventory facilities, pipelinefacilities, etc. Fuelstream ensure the efficient, timely, and cost effective "intowing" fueling of its customers aircraft at any of the over 2,000 airports aroundthe world.

Fuel Stream realizes theimportance of local

presence in fragmentedmarkets where true global

supply is provided by alimited number of

companies worldwide.

Fuel purchase agreements with commercial customers (government, cargo, majors, etc.)

Standard International Air Transport Association contracts with allinternational customers

Sells fuel on prepay basis as well as with credit terms

Worldwide Reseller ofAviation Fuel (Jet-A).Target Markets

In addition to its U.S. and South African offices, Fuelstream has established abusiness presence through in-house account managers and dedicatedoutsourced personnel in the following markets;

The Americas & Caribbean Europe Asian, Far East, Oceanic

South Africa & African Sub Continent Middle East


Office Locations:

Johannesburg, SA

Fort Lauderdale, Florida

Salt Lake City, Utah





South Africa & African Sub Continent

Asian Pacific Countries

Middle East

Through 2035, Asia’s GDP is expected to grow at 5.4% per year.Over the next 20 years, the overall Asian Pacific freighter fleet is expected togrow five-fold, rising from 16% of global fleet to almost 40%. Similarly, theAsian Pacific passenger fleet is expected to grow threefold from 4,110 planesto 12,200 planes over the next 20 years.

World Energy Council report

Target MarketsGlobal Average GDP is Anticipated to Grow 3.2% Annually

Through 2035, Africa’s GDP is expected to grow at 3.5% per year.Africa is expected to have high growth for both passenger travel and freight,at 5–6% per year with the number of planes expected to double from 660 to1,130 by 2029.

Through 2035, the Middle East GDP is expected to grow at 3.9% per year.

The Middle East is expected to have a high growth for passenger travel andfreight, at 7% per year with the number of planes expected to more thandouble from 950 to 2440 by 2029.




http://www.worldenergy.org/documents/wec_transport_scenarios_2050.pdf



The Americas

Europe & Commonwealth ofIndependent States

Target Markets

Through 2035, the GDP in the Americas is expected to grow at 2.2% - 3% peryear. Over the next 20 years, passenger travel in North America will increase by3.4% a year, while freight will increase by about 5% a year. The number ofpassenger planes is expected to increase from 6,590 to 9,000 airplanes.

As for South America, it is expected that the number of aircraft in the region in2029 will be 2,770, up from today ’s level of 1,130. Through 2029, air cargo trafficis expected to increase by 6.9% a year, and the passenger traffic by 6.7% a year.


Through 2035, the World Bank expects GDP in the Eurozone to grow at 1.6% peryear. Through 2029, Europe and CIS air freight is expected to increase by 4.5%-5% per year and passenger travel to grow by 5%-6% per year. The air fleet inEurope is expected to increase from 4,300 to 7,460 airplanes, while in theCIS, it is expected to increase from 1,150 to 1,300 airplanes.

World Energy Council report



http://www.worldenergy.org/documents/wec_transport_scenarios_2050.pdf


Target Markets

Between 2015 and 2050, total fuel demand (as show on slide 3 of this presentation) in all transportmodes will increase by 30%-82% over 2013 levels. This growth is mainly driven by trucks, buses, trains,ships, and airplanes: demand for these forms of transport is expected to increase by 64%-200%.

In addition, the transportation sector will still depend heavily on gasoline, diesel, and jet fuel, sincethey all constitute the bulk of transport market fuels (80%–88%). The demand for these three fuelswill increase by 10%-68% over the scenario period. Most of the growth will be in diesel and jet fuel:

Diesel will grow by 46%-200%Jet Fuel will grow by 200% to 300%

Fuelstream has established a national presence on the African continent,particularly in South Africa, by employing its supply chain managementefforts in the aviation, marine, and land fuel products to severalmedium sized passenger and freight airlines.

South Africa & African Sub Continent





Fuelstream ensures the efficient, timely, and cost effective in-wing fueling of itscustomers aircraft comprised of two major types of aircraft operations –Passenger & Cargo Carriers

Into-Plane AgentsTruck OperatorsFixed-Base Operators Inventory FacilitiesPipeline Facilities

Aviation Solutions

Fuelstream intends to establish service for marine fuel to major markets with aconsistent, flexible and reliable service that meets their needs globally from port-to-port service.

Marine Solutions

Fuelstream’s transportation division specializes in the design, development andexecution of fuel supply chain solutions.

Fuel Transportation

From ocean going barges, tanker fleet operations and tank farms, Fuelstream has access to the equipment andthe expertise to provide solutions to satisfy the specific fuel procurement needs of each customer 24/7.






Projected Financial Information

2016

$24.0 M

$20.4 M

$ 3.1 M

$ 0.5 M

2017

$72.0 M

$59.0 M

$ 6.0 M

$ 7.0 M

2018

$150.0 M

$121.0 M

$ 8.0 M

SALES

Cost of Sales

Expenses

Net Income $ 21.0 M

$ 15.8 M

$ 15.0 M

$ 42.0 M

$ 34.2 M

$ 75.0 M

$ 49.0 M

Total Assets

Total Liabilities

Fuelstream prepays for thefuel with a confirmingPurchase order.

Fuelstream is seeking tofinance domestic andinternational transactions





Africa and Asia Expansion - 2016

$4,000,000

$2,000,000

$4,000,000

South Africa

Asia

Continental Africa

Jet-A FuelPurchases / Deposits


Increased creditlines andpurchasing powerallowing FLST toincrease client base.




Management

Mr. Gardner, age 50, is the President of Chene C. Gardner & Associates, Inc., a company which provides accounting services and specializes in assisting public entities with their filings with the Securities and Exchange Commission. Mr. Gardner has previously served as the Chief Financial Officer and Principal Executive Officer of the Company. Mr. Gardner also currently serves as Financial Controller of several smaller public companies. Mr. Gardner also serves as an executive officer and director of Start Scientific, Inc. Mr. Gardner also assists several non-public companies with their accounting functions. Mr. Gardner has five years of auditing and accounting experience with the firm of Deloitte & Touche LLP from June 1990 to August, 1995, serving clients in the banking, manufacturing, and retail industries. Mr. Gardner holds Bachelor and Master of Accounting degrees from Weber State University.

Chene Gardner- Chief Financial Officer


In addition to his role as Chairman and CEO of the Company, Mr. Denos, age 47, is presently a member of the board, Secretary, and Chief Compliance Officer of Equus Total Return, Inc. (NYSE: EQS), a closed-end fund traded on the New York Stock Exchange. Mr. Denos also serves as Chairman and CEO of Acadia Group, Inc., an international advisory and investment firm specializing in private and small-cap public companies in the US and Europe. From 2009-2014 he was the Executive Deputy Chairman of London Pacific & Partners, Inc., an international healthcare and hospitality advisory firm. Previously, from 2008 to 2009, Mr. Denos was a member of the Investment Committee of Pantheon Special Opportunities Fund B, LLC, a UK-based mezzanine private equity fund, and from 2001-2009, he managed the portfolio of 27 small-cap investments for MCC Global NV, an international financial services and investment conglomerate. For the past 18 years, Mr. Denos has served as a director or principal for several small-cap public companies on the London AIM, OTC Bulletin Board, and the Frankfurt Stock Exchange, and has worked closely with many public and private emerging growth companies throughout the world. In addition to a Bachelor of Science degree in Business Finance and Political Science, he holds a Master of Business Administration and a Juris Doctor from the University of Utah.

Kenneth Denos-Chairman & CEO





Management Cont.

Kevin Blanco - VP of Sales and Operations


Kevin Blanco graduated George T. Baker aviation school in the late eighties and received his aviation technician license from the FAA. Kevin has always dreamed of working on airplanes and with his first job at a flight school in Miami he was able to not only work on airplanes but he also learned to fly. Kevin has over 27 years of experience in aviation and over 19 years of running a successful business.

Arthur Steyn - Head of Sales – Africa and the Middle East

Arthur Steyn is the Company’s Head of Sales & Business Development in Africa. He has over 15 years experience in the aviation industry in various fields ranging from Flight Operations, Safety & Quality Assurance. Arthur started his career with the South African national carrier South African Airways (SAA) not long after school where he was employed to work in their scheduling department. His talent and willingness to learn was quickly recognised by the Flight Operations department who offered him a position in Operations. After 6 Years at SAA rising through the ranks from Junior to Senior Operations Controller, Arthur decided that it was time to take his career on a new path so he then went to work for one of the first 100% Black Owned Airlines 'Interlink Airlines', where he was directly involved in a variety of different tasks including Deportation Flights, VIP Flights, VVIP Flights, BIG 5 (President & Ministers), Scheduled Flights, Charter Flights and Pilgrimage flights (Hajj & Umrah). After 4 years with Interlink Airlines he was offered a job at LanseriaAirport to work for one of their biggest operators at that time, Allegiance Air who were doing contract work in Africa & Middle East. Not long after that he was head hunted again by Global Aviation in 2011 to run their Station in Dubai. He also spent time in India, Sri Lanka, Afghanistan, Dubai, Ivory Coast, Congo, Senegal as a Station Manager. Arthur went on to become the Operations Manager for Global Aviation.He is now pursuing his passion for the transport industry with Fuelstream.

Johan Combrinck - Sales and Business Development – Africa and the Middle East

Johan J Combrinck’s work experience started in the Medical Industry with his love for giving back and for people as his primary drive and focus. He has spent numerous years working in all aspects of the Health Care Industry, from Sales to Operating Theater Technician to Fleet Management. After this Johan worked in the Transport & Logistics industry as a Fuel Sourcer and has been doing so for the past 4x years acquiring a huge data base of clients. These clients vary from large Transport companies to intricate logistical movements and planning. He follow’s the markets and strategies for fuel trends very closely and always has his ear to the ground for potential new ventures and business opportunities.





Board of Directors

Kenneth Denos - Chairman


John D. Thomas - Director

(biographical summary on previous slide).

Mr. Thomas, age 43, has practiced law specializing in general corporate law, securities, and international mergers and acquisitions for his law firm, John D. Thomas P.C. since June, 2003. From April 3, 2014 to July 10, 2014, Mr. Thomas served as the Company’s interim Chief Executive Officer and Secretary. From September, 2013 through December, 2013, Mr. Thomas served on the Board of Directors of Helmer Directional Drilling Corp, a filer of reports pursuant to 13(a) and 15(d) of the Securities Exchange Act of 1934. From March 2008 until March 2012, Mr. Thomas served as a member of the board of directors and chairman of the audit committee of Bayhill Capital, Inc. (BYHL.OB), a filer of reports pursuant to 13(a) and 15(d) of the Securities Exchange Act of 1934. From July, 2009 to May, 2011, Mr. Thomas served as a member of the board of directors of Vican Resources, Inc. (OTC: VCAN), a filer of reports pursuant to 13(a) and 15(d) of the Securities Exchange Act of 1934. Since August 2009, Mr. Thomas has been a member of the board of directors of London Pacific & Partners, Inc. (OTC: LDPP), a Los Angeles and London-based investment and advisory firm specializing in healthcare and hospitality finance. In August, 2009, Mr. Thomas entered into a settlement with the Commodity Futures Trading Commission wherein Mr. Thomas consented to an order of permanent injunction from his future involvement in commodity pools trading and commodities operations. Mr. Thomas holds a Juris Doctor degree from Texas Tech University School of Law and is licensed to practice law in Texas and Utah.





Financial Partners

Wade Mitchell – NuVenture CEO


In addition to his role as Chief Executive Officer/Manager of NuVenture, Mr. Mitchell, age 50, is presently the managing partner of Western Financial Consulting Services LLC and its wholly owned subsidiary Leland Capital LLC, a commercial mortgage broker. Mr. Mitchell also serves as Chairman CEO and Manager of NuVenture Group, an international advisory and investment group of companies specializing in small startup and mid-level companies in the US and South America. He also invests in numerous other businesses ventures. Since 1996 he has been the Chairman CEO and Manager of TAZ Group LLC, managing various real-estate investment including a portfolio of senior housing projects (sold in 2014). From 2008 to 2011, Mr. Mitchell was a member of the Loan Committee of Western Capital LLC, a US-based commercial mortgage broker. From 1992-2000 Mr. Mitchell served as a director or principal for several small-cap public companies on the, OTC Bulletin Board Stock Exchange, and has worked closely with many public and private emerging growth companies throughout the world. In addition to a Bachelor of Science degree in Business Finance, Accounting and Economics, he holds a Master of Business Administration from Brigham Young University.





Differentiators

Fuelstream is emerging as a leading aviation logistics supplier by providingexceptional value to its customers and maximizing profitability.

Our global team of highly-experienced and professional aviation logisticsexperts are available 24/7 to help with customer queries and offer customizedlogistics (fuel) procurement solutions (via supply contracts) that cater to ourcustomer’s specifications and/or requirements.

Fuelstream continuallychallenges industry practices

and provides leadershipthrough its progressive andinnovative approach to fuel

delivery.

Capable of securing fuel in emerging markets not serviced by incumbents

Establishing a worldwide network of supply availability and locations

Providing 24-hour live customer service access seven days a week

Providing aviation fuel on a global scale






Investment Highlights

Asset-Light Business Model

Relationships with leading asset-based suppliers and 3rd party logistics providers

Significant Scale & Scope

Geographic and end market diversity along with industry leading procurement of Fuel

Organic Growth Opportunities

International Joint Ventures with primary airline management and leasing companies.

Reduced Credit Risks

Airline management and leasing companies, supply pre-paid commercial accounts





Documents

Fuelstream Business Summary