International Fuel Technology Inc.
International Fuel Technology Hires Ex Gulf Oil International Executive
Corporate-news announcement sent by DGAP.
The sender is solely responsible for the contents of this announcement.
Thursday November 11, 2004, 9:00 AM Eastern Time
International Fuel Technology Hires Ex Gulf Oil International Executive
Will Enhance Existing Focus in Fuel Additives and Manage IFT’s Efforts in the
Oils and Lubricants Markets
ST. LOUIS – November 11, 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 Axel J. Farhi has joined IFT. Mr. Farhi’s
responsibilities will be two-fold: enhance IFT’s existing focus and efforts in
the fuel additives market and manage IFT’s efforts in the oils and lubricants
markets.
Mr. Farhi has over fifteen years of management experience in the oils and
lubricants industry, most recently with Gulf Oil International as the Vice
President in charge of operations. Mr. Farhi also served as the European
Business Manager for the Industrial Oils and Lubricants Division of Cargill;
the International Sales Manager for Elf Lubricants North America; and as
Product Manager for Castrol France.
Jonathan Burst, IFT’s CEO, stated, “We are very excited to have Axel join our
team. His industry experience and acumen will enhance our existing focus in
the fuel additives business. As well, his specific expertise in oils and
lubricants will bring immediate value to certain projects that IFT is engaged
in.”
Mr. Farhi will concentrate initially on two projects: He will manage and
oversee IFT’s interest in a major oils and lubricants manufacturing plant to
be built in North Africa; and he will promote IFT’s efforts to bring the
Company’s technology to 2-stroke engine applications with major international
lubricant companies, including Gulf Oil International, particularly in Asia.
Mr. Farhi stated, “I have spent substantial time analyzing IFT’s technology
and believe the Company has developed something truly unique and beneficial to
the fuels and oils and lubricants markets. There are immediate opportunities
in North Africa and Southeast Asia that I will be working on. I look forward
to helping realize this technology’s value in the marketplace.”
______________________
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 11.11.2004
WKN: 925543; ISIN: US45953X2080; Index:
Listed: Freiverkehr in Berlin-Bremen; Nasdaq
111400 Nov 04
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found