International Fuels News
Monday March 10, 2003, 1:05 PM Eastern Time
International Fuel Technology Engages Top International Consultant
Initial Focus Will Be in Asian and South American Markets
ST. LOUIS--(BUSINESS WIRE)--March 10, 2003--International Fuel Technology Inc. (OTC BB: IFUE), the developer of a series of environmental fuel additives and fuel blends designed to increase fuel economy and reduce harmful emissions, announces the engagement of Sergio C. Trindade in IFT's efforts to penetrate global markets for its line of products and services.
Dr. Trindade has three decades of experience in energy, technology and environmental consulting and management, with a variety of organizations all over the world. His career included periods at Shell, Stone & Webster, Arthur D. Little, Inc., Promon (a large Brazilian technology company), and the United Nations, where he was the Assistant Secretary-General for Science and Technology. For the past 12 years Dr. Trindade has expanded his international consulting and management work at SE2T International, Ltd., which he incorporated in New York. His work on alternative and renewable fuels, especially fuel ethanol, is recognized worldwide. He holds a PhD, ChE and MSc in Chemical Engineering from the Massachusetts Institute of Technology, with a minor in international business.
Dr. Trindade stated "I have spent substantial time analyzing IFT's test data and products and believe IFT has a very unique and viable technology. Use of IFT's products can extend petroleum reserves and significantly reduce harmful emissions. There are a number of markets where IFT's products can provide an immediate benefit. Initially, I will focus my efforts in the Asian and South American markets where I believe my contacts and relationships can significantly enhance IFT's existing commercialization efforts."
Gary Kirk, Director of Sales and Marketing, stated further, "we are excited to have Sergio join IFT and believe his commitment to us supports our conviction that IFT products offer immediate and significant value in the marketplace. We believe Sergio will leverage his contacts to help expedite the commercialization of our products worldwide. We expect 2003 to show the results of our marketing efforts through increased revenues."
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.
