International Fuels News
Friday October 23, 2009 8:00 AM Eastern Time
Tide Water Oil Company (India) Ltd Makes Add On Bulk Purchase of International Fuel Technology, Inc.’s DiesoLIFT™ 10
ST. LOUIS, October 22, 2009 – International Fuel Technology, Inc. (“IFT”) (OTCBB: IFUE) announced that Tide Water Oil Company (India) Ltd (“Tidewater”) made another purchase of IFT’s DiesoLIFT™10. Tidewater makes bulk purchases of DiesoLIFT™10, repackages the product under their own label and sells the product to its customers. To date, Tidewater’s marketing efforts for DiesoLIFT™10 has been with power generation set users, tractor operators in the agricultural industry and retail distribution outlets in India.
Tidewater (www.tidewaterindia.com) is a leading manufacturer and marketer of automotive and industrial lubricants in India. Established in 1928, Tidewater has five manufacturing facilities in India and a Pan Indian distribution network.
“We’ve had a successful roll out of DiesoLIFT™10,” said Mr. R. N. Ghosal, Executive Director of Tide Water Oil Company (India) Ltd. “The product has been well accepted by our channel partners and end user customers. We are very encouraged by the progress we are making and expect continued growth of this product in the future.”
“We have a full-time representative working for us in India and are committed to succeeding in that market,” said Gary Kirk, IFT’s Director of Sales and Marketing. “Tidewater’s successful roll out of DiesoLIFT™10 is a clear indication that our efforts are paying off.”
DiesoLIFT™10 is IFT’s proprietary fuel additive formulation for use with diesel fuel and bio-diesel fuel blends. The product has consistently demonstrated the ability to significantly increase fuel economy and reduce harmful emissions.
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