International Fuel Technology Inc.
Spelman Research Revises FYE 2006 Price Target of IFT Common Stock
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Spelman Research Revises FYE 2006 Price Target of International Fuel
Technology, Inc. Common Stock
ST. LOUIS – September 8, 2004 – International Fuel
Technology Inc. (OTC BB: IFUE – news), the developer of a series of
environmental fuel technologies and fuel blends designed to increase fuel
economy and reduce harmful emissions, announces that yesterday Spelman
Research revised its fiscal year end 2006 price target on IFT common stock to
reflect the potential of the First Asia agreement announced last week. A copy
of the research update is available on the Spelman Research web site:
http://www.spelmanresearch.com .
Spelman is an independent boutique equity research firm providing independent
research for significantly under followed small cap companies. Spelman
distributes its research to a broad audience of institutional and individual
investors seeking information on under followed small cap stocks.
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 08.09.2004
WKN: 925543; ISIN: US45953X2080; Index:
Listed: Freiverkehr in Berlin-Bremen; Nasdaq
081832 Sep 04
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