Taronis Fuels Urges Shareholders to Take no Action on the Wetherald/Welo Consent Solicitation Materials
Sets Record Date of March 4, 2021 for Proposed Consent Solicitation
PEORIA, Ariz., Feb. 23, 2021 (GLOBE NEWSWIRE) — Taronis Fuels, Inc. (OTCQB:TRNF), a global producer of renewable and socially responsible fuel products, today responded to the preliminary consent solicitation materials filed by Thomas Wetherald and Tobias Welo (“Wetherald/Welo”) with the following statement:
“Taronis Fuels is committed to acting in the best interest of shareholders to maximize long-term value creation. The Company regularly engages with shareholders on a range of topics and values their constructive input. Over the past year, Taronis Fuels has significantly increased its asset base, grown its revenue and de-levered its balance sheet while continuing to invest in the business and make process improvements to the production of MagneGas.”