International Fuel Technology Inc.
Intl. Fuel Technology:International Fuel Technology Receives $1,000,000 Order
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International Fuel Technology Receives $1,000,000 Order From First Asia Fuel
Corporation
Monday March 7, 2005, 10:00 AM Eastern Time
ST. LOUIS – March 7, 2005 – International Fuel Technology Inc. (OTC BB: IFUE),
a fuel science and research company, today announced that it has received a
$1,000,000 order from First Asia Fuel Corporation to purchase DiesolIFT(TM),
IFT’s proprietary fuel additive formulation for diesel fuel. The entire order
will be shipped to Indonesia and distributed by PT Prima Energy, First Asia’s
distribution partner in Indonesia.
First Asia Fuel and Prima Energy have been working with the Government of
Indonesia on the development of the Government’s new energy strategy, which
stresses fuel conservation and reduced emissions. IFT’s DiesolIFT(TM) product
has been independently tested and proven to increase fuel economy while
reducing CO2 emissions by the same amount.
Anthony Stout, First Asia’s President, said, “There is a need and a growing
interest for IFT’s technology in the Asian markets. In addition to the order
with Prima Energy and the pilot program that has commenced in the Philippines,
we are currently working on commercialization opportunities in China, Japan,
South Korea, Thailand, Malaysia, Miramar and Singapore. We expect the order
from Prima Energy to be the first of many from the Asian market.”
Jonathan Burst, IFT’s CEO, said, “First Asia’s purchase represents a
significant endorsement of the scientific breakthrough DiesolIFT(TM) brings to
market, as well as the wide-ranging commercial demand for the results the
product delivers. And with the additional distribution partners in place,
notably in Central and South America, the Caribbean and parts of Africa
through Trafigura/Puma, the Middle East with Petrochem, Europe through
European Consultants and the United States with our partner Soliton, IFT is
comfortably positioned for additional revenue growth.”
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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.
Investor Contact:
Stuart Beath
Director of Corporate Development
International Fuel Technology, Inc.
314-727-3333 x417
sbeath@internationalfuel.com
http://www.internationalfuel.com
end of message, (c)DGAP 07.03.2005
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WKN: 925543; ISIN: US45953X2080; Index:
Listed: Freiverkehr in Berlin-Bremen; Nasdaq
071646 Mär 05
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