International Fuel Technology Inc.
Intern. Fuel Technology Signs Distribution Agreement with European Consultants
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Tuesday December 7, 2004, 9:00 AM Eastern Time
International Fuel Technology Signs Distribution Agreement with European
Consultants S.A. for Greece, Bulgaria, Serbia, Macedonia
ST. LOUIS – December 7, 2004 – International Fuel Technology
Inc. (OTC BB: IFUE), the developer of a series of environmental fuel
technologies and blends designed to increase fuel economy and reduce harmful
emissions, today announced that it has signed a commercial agreement with
European Consultants S.A. (ECSA). ECSA will market and distribute IFT’s
products in Greece, Bulgaria, Serbia and Macedonia.
Gary Kirk, IFT’s Director of Sales and Marketing, said, “There’s growing
interest in the commercialization of our technologies. ECSA fits well with our
strategy of outsourcing distribution to experienced companies.”
Mr. Stylianos Zavvos, ECSA’s President, said, “We are excited to introduce
IFT’s fuel technologies to our regional clients. IFT’s products offer
immediate and significant value to petroleum consumption and will reduce
environmental and pollution hazards. We have initiated discussions with
government utilities, power plants and major shipyard companies in Greece and
will replicate these efforts in Macedonia, Serbia and Bulgaria.”
ECSA is a privately owned company based in Athens, Greece. ECSA maintains
established alliances in the Greek, Balkan and US markets, and develops the
necessary framework for the successful completion of projects in these
countries.
_____________________
Some statements contained in this release may be forward-looking within the
meaning of the safe harbor clause of the Private Securities Litigation Reform
Act of 1995 including, but not limited to, statements as to commercialization
of the company’s products and business development activities. Editors and
investors are cautioned that such forward-looking statements involve risks and
uncertainties that may cause the company’s actual results to differ materially
from such forward-looking statements. These risks and uncertainties include,
but are not limited to, the company’s ability to generate revenues and other
factors as described in the Company’s literature and filings with the
Securities and Exchange Commission.
Contact:International Fuel Technology, Inc.
Stuart Beath, (314) 727-3333
http://www.internationalfuel.com
end of message, (c)DGAP 07.12.2004
WKN: 925543; ISIN: US45953X2080; Index:
Listed: Freiverkehr in Berlin-Bremen; Nasdaq
071500 Dez 04
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