Renewal Fuels, Inc. (OTC: RNWF), Operating as American Fusion, Provides Update on Washington State Legal Matters

Core Viewpoint - Renewal Fuels, Inc. is currently involved in a civil action regarding the rescission of asset purchase agreements and the cancellation of shares, with recent court orders impacting its legal proceedings [1][2][3]. Legal Proceedings - The court dismissed all claims against Justin Costello, leading to the striking of his Emergency Motion for Stay of All Proceedings [1]. - The Company's Motion for Entry of Default Judgment against remaining corporate defendants was also struck due to procedural issues related to citation formatting [2]. - The underlying action seeks to rescind two asset purchase agreements from 2021 and cancel approximately 1,683,000,000 shares issued without consideration [2]. Corporate Actions - The Company is in the process of refiling a corrected motion to comply with court directives, which is necessary for completing a corporate action with FINRA for a name change to American Fusion Inc. [3]. - The Company remains committed to resolving the disputed share issuances through the judicial process [4]. Company Overview - Renewal Fuels, Inc. operates under the American Fusion brand following its merger with Kepler Fusion Technologies, focusing on the development and commercialization of fusion energy technologies [4]. - Kepler Fusion Technologies is developing the Texatron™ aneutronic fusion platform, aimed at modular deployment for various applications [5].