On February 3, 2017, the stockholders of AlumiFuel Power Corporation through a written consent executed by stockholders holding 56% of the shares of the company's capital stock outstanding and entitled to vote elected Ryan Schadel to the company's board of directors. There is no understanding or arrangement with Mr. Schadel and any other person with respect to Mr. Schadel being elected to the company's board of directors. Following the election of Mr. Schadel to the company's board of directors, on February 3, 2017.

Mr. Schadel was appointed to serve as the company's president and chief executive officer. Mr. Schadel brings 20 years' financial management, sales and leadership experience to the company. Beginning in 2011, Mr. Schadel founded and continues to serve as Director, President and CEO of Labor Smart Inc. Mr. Schadel has a total of 17 years' experience in the temporary staffing industry.