International Fuels News
Friday December 9, 2005 10:00 AM Eastern Time
International Fuel Technology Records $500,000 Order for Sale of DiesoLIFT™ to First Asia Fuel Corporation
ST. LOUIS – December 9, 2005 – International Fuel Technology Inc. (OTC BB: IFUE), a fuel science and research company, today announced that it recorded a $500,000 order for the sale of DiesoLIFT™ to First Asia Fuel Corporation (First Asia). IFT has received a cash payment for the entire shipment. The product is scheduled to be shipped to First Asia immediately. First Asia is IFT’s exclusive distribution partner in certain Asian countries.
This shipment of DiesoLIFT™ is for purchase and use by First Asia’s customers and sub-distributors in the Philippines, Indonesia and China. Most of the product is expected to be used in stationary power generation applications.
Tony Stout, First Asia’s President, said, “We are pleased with the progress we are making in Asia, especially with the governments of the Philippines and Indonesia. This order is clear indication of the commercial success we are beginning to realize in these countries. We expect 2006 to be a significant year for us in terms of generating revenues through the sale of IFT’s DiesolITF™ diesel fuel additive.”
Gary Kirk, IFT’s Director of Sales and Marketing, said, “The commercial opportunities that First Asia has lined up in Asia are exciting. We anticipate that First Asia’s efforts will result in additional orders for DiesolITF™ in the coming quarters.”
NOTE: Statements contained in this web site that are not strictly historical are forward-looking within the meaning of the safe harbor clause of the Private Securities Litigation Reform Act of 1995. 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, demand for the Company’s product both domestically and abroad, the Company’s ability to continue to develop its market, general economic conditions and other factors that may be more fully described in the Company’s literature and any periodic filing with the Securities and Exchange Commission.
