SCOTTSDALE, Ariz., May 15, 2026 (GLOBE NEWSWIRE) — Eco Innovation Group, Inc. (OTC: ECOX) operating as American EcoFuels (“ECOX” or the “Company”), issued the following mid-month strategic market and corporate progress update as the Company continues advancing its transition toward becoming a publicly traded sustainable fuel platform focused on gas-to-liquids commercialization, synthetic fuel production, and Sustainable Aviation Fuel (“SAF”) opportunities.
Recent strategic engagement activities involving Brent Nelson, CEO of Kepler GTL Technologies Inc. and incoming Executive Chairman, reinforced management’s view that domestic fuel production, aviation fuel security, and resilient energy infrastructure remain increasingly relevant themes across both commercial and government-facing sectors. During recent participation in events and meetings in Washington, D.C., including engagements associated with the United States Energy Association (“USEA”) and the Association of Defense Communities (“ADC”), Mr. Nelson engaged with stakeholders spanning energy policy, infrastructure, defense-adjacent organizations, and representatives connected to branches of the U.S. military, including discussions relevant to aviation fuel supply, energy resilience, and strategic domestic production.
Management believes these discussions reflect broader market realities shaping the SAF sector. To provide additional market context, the Company has prepared a Sustainable Aviation Fuel industry overview highlighting current supply constraints, regulatory tailwinds, airline adoption trends, and broader strategic demand drivers impacting the sector. The report highlights the significant imbalance between current SAF production capacity and projected aviation demand, despite accelerating regulatory mandates and commercial adoption initiatives. Industry data cited in the report, including IATA projections, suggests SAF remains only a small fraction of total global jet fuel consumption, underscoring the scale of the opportunity for practical, scalable fuel production technologies. The full report is available here: SAF Industry Report
Brent Nelson, CEO of Kepler GTL Technologies Inc., stated, “What continues to stand out is how aligned the conversation has become around energy security, domestic production, and practical aviation fuel solutions. Whether the discussion is commercial aviation, military readiness, or broader infrastructure resilience, the underlying need is the same: scalable, dependable fuel production closer to the point of demand.”
As previously disclosed, the Company has completed its corporate name change at the State of Nevada level to American EcoFuels, Inc. and continues operating under the American EcoFuels brand while progressing its issuer corporate action with FINRA relating to the Company’s name and trading symbol change request. The Company has requested AEFI as its primary trading symbol preference, with AEFL and AMEF submitted as alternative symbol selections.
Following two rounds of comments, the Company has provided additional requested information and continues working through the FINRA corporate action process. While timing remains subject to the normal review process, management believes the matter is progressing constructively toward completion.
The Company also intends to re-domicile from Nevada to Texas as part of its broader strategic alignment with the energy sector and anticipated long-term operational footprint.
Separately, the Company has formally engaged its listing advisor and is actively progressing the application process for a proposed dual listing of its common stock on the Frankfurt Stock Exchange. Management believes a Frankfurt presence may improve international investor access, support broader strategic visibility in European energy markets, and enhance familiarity among prospective stakeholders in jurisdictions where Sustainable Aviation Fuel adoption continues to be policy-driven.
The Company also continues advancing its PCAOB audit process and preparation of its Registration Statement on Form 10 as part of its objective of establishing full SEC reporting status.
Since the beginning of 2026, the Company has undertaken substantial balance sheet restructuring efforts involving approximately $1 million in legacy convertible promissory notes from the prior business and negotiated debt settlements intended to simplify the Company’s legacy capitalization profile, reduce exposure to less favorable historical financing arrangements, and better position the Company for its ongoing strategic transition.
Richard Hawkins, CEO of the Company, stated, “Building a credible public company platform in this sector requires more than technology. It requires disciplined balance sheet improvement, transparent reporting, the optimum corporate structure, and strategic market access. We have made meaningful progress across multiple fronts in a relatively short period of time, and we believe the pieces are increasingly aligning around a much larger long-term opportunity.”
In connection with the Company’s recently completed change in control and related issuer profile updates, the Company is completing customary administrative onboarding and account transition procedures with OTC Markets, which may temporarily affect certain issuer administrative functions during the transition.
To learn more about Kepler GTL’s modular gas-to-liquids technology and its potential to convert stranded energy resources into Sustainable Aviation Fuel and other low-carbon fuels, view the company overview presentation here: Kepler GTL Technology Overview
