AlumiFuel Power Corporation (OTCPK:AFPW) entered into a non-binding letter of intent to acquire ByteSentinel Partners, LLC on August 27, 2015. Under the terms of the letter of intent, AlumiFuel will acquire ByteSentinel Partners, LLC in exchange for AlumiFuel common stock. The deal is subject to customary conditions including further due diligence by the parties, negotiation and execution of a definitive agreement and related documents, and satisfaction of any necessary, Board of Director, stockholder and ByteSentinel Partners, LLC interest holder approvals. The signing of definitive agreement will take place within the next 90 days. AlumiFuel Power Corporation (OTCPK:AFPW) cancelled the acquisition of ByteSentinel Partners, LLC on August 27, 2016.