International Fuel Technology Inc.
International Fuel Technology Signs Distribution Agreement With Soliton R&D
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COMPANY PRESS RELEASE
Wednesday November 10, 2004, 9:00 AM Eastern Time
International Fuel Technology Signs Distribution Agreement With Soliton R&D
With an Initial Order of $300,000 of IFT Products
ST. LOUIS – November 10, 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 it has signed a
distribution agreement with Soliton R&D. Soliton will distribute IFT products
in the U.S. and has agreed to an initial purchase of $300,000 worth of IFT
products.
Soliton is a New Jersey based research and development and distribution
company. The company selectively analyzes third party technologies and their
respective marketing potential. Soliton has a number of clients in the
trucking, busing and heating oil businesses that are using IFT products on a
limited basis. Based on product performance to date, Soliton believes there is
a significant market opportunity for the distribution and sale of IFT
products.
Kevin Cody, President of Soliton stated, “We have done our homework and are
very excited about IFT’s technology. Field usage has confirmed what we
believed to be true about the efficacy of IFT’s products”.
Jonathan Burst, IFT’s CEO, stated “We are very pleased to be working with
Soliton. We have spent a lot of time with them over the past months and
believe they understand the value and commercial opportunities for our
technology. Furthermore, this agreement is consistent with our strategy of
outsourcing distribution of our products.”
______________________
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
Contact: Soliton R&D, Inc.
Peter Bacigalupi, 732-741-6362
http://www.solitonrd.com
end of message, (c)DGAP 10.11.2004
WKN: 925543; ISIN: US45953X2080; Index:
Listed: Freiverkehr in Berlin-Bremen; Nasdaq
101017 Nov 04
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