International Fuel Technology Inc.
International Fuel Techn. Signs Exclusive Distribution Agreement for Indonesia
Corporate-news announcement sent by DGAP.
The sender is solely responsible for the contents of this announcement.
——————————————————————————–
International Fuel Techn. Signs Exclusive Distribution Agreement for Indonesia
Tuesday October 12, 9:00 am ET
ST. LOUIS , Oct. 12, 2004 (PRIMEZONE) — International Fuel Technology Inc.
(“IFT”) (OTC BB:IFUE.OB – News) announces that First Asia Fuel Corporation
(“First Asia”), IFT’s exclusive Asian Distributor, has signed a memorandum
of understanding with PT Prima Energy (“Prima Energy”), Chaired by
Ambassador Abu Hartono, former Chairman of the Armed Forces Faction of the
Indonesia Legislature, for exclusive distribution of IFT products to the motor
vehicle and power industries throughout Indonesia. Total consumption of fuel
by these sectors in 2003 was Eighteen Billion Gallons (18,000,000,000) per
annum.
First Asia and Prima Energy will work exclusively together in Indonesia for an
initial period to carry out their distribution strategy, which calls for
cooperation with the recently elected Government of Indonesia on development
of the Government’s new energy strategy. The new energy strategy stresses fuel
conservation and cleaner air, both of which are provided by IFT products.
Widespread use of the products will result in significant savings for the
government on fuel imports as well as savings for vehicle owners and users. In
addition, it will result in meaningful reduction of “green house” gasses
About First Asia Fuel Corporation
First Asia signed an exclusive distribution agreement with IFT on September 2
of this year to market and distribute IFT products and technology to certain
Asian countries.
About International Fuel Technology, Inc. (http://www.internationalfuel.com)
IFT is a St. Louis, Missouri-based publicly traded company that has developed
a series of proprietary fuel blends and fuel additives designed to improve the
operating efficiency of gasoline and diesel engines, resulting in specific
benefits including improved fuel economy, greater lubricity, reduced
maintenance costs, and lower harmful emissions. The Company is pursuing the
distribution of its proprietary fuel blends, including the IFT synthetic
diesel fuel, which meets thSome 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 12.10.2004
——————————————————————————–
WKN: 925543; ISIN: US45953X2080; Index:
Listed: Freiverkehr in Berlin-Bremen; Nasdaq
121636 Okt 04
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found