International Fuels News
Tuesday December 7, 2004, 9:00 AM Eastern Time
International Fuel Technology Signs Distribution Agreement with European Consultants S.A.
ST. LOUIS – (Business Wire) –December 7, 2004 – International Fuel Technology Inc. (OTC BB: IFUE), the developer of a series of environmental fuel technologies and blends designed to increase fuel economy and reduce harmful emissions, today announced that it has signed a commercial agreement with European Consultants S.A. (ECSA). ECSA will market and distribute IFT’s products in Greece, Bulgaria, Serbia and Macedonia.
Gary Kirk, IFT’s Director of Sales and Marketing, said, “There’s growing interest in the commercialization of our technologies. ECSA fits well with our strategy of outsourcing distribution to experienced companies.”
Mr. Stylianos Zavvos, ECSA’s President, said, “We are excited to introduce IFT’s fuel technologies to our regional clients. IFT’s products offer immediate and significant value to petroleum consumption and will reduce environmental and pollution hazards. We have initiated discussions with government utilities, power plants and major shipyard companies in Greece and will replicate these efforts in Macedonia, Serbia and Bulgaria.”
ECSA is a privately owned company based in Athens, Greece. ECSA maintains established alliances in the Greek, Balkan and US markets, and develops the necessary framework for the successful completion of projects in these countries.
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