International Fuels News
Tuesday March 27 , 2007 8:00 AM Eastern Time
International Fuel Technology Signs Marketing and Distribution Agreement with Saben Group of Turkey
ST. LOUIS, March 27, 2007 - International Fuel Technology, Inc. (IFT) (OTCBB: IFUE) today announced that it had signed a marketing and distribution agreement with the Saben Group of Turkey. Under terms of the agreement, Saben will market and distribute IFT fuel additives to existing and new customers in Turkey.
The Saben Group (www.saben.com.tr), headquartered in Istanbul, has been in business for over 50 years providing high quality products and services to fleet operators and petroleum distribution operators in Turkey including approximately 400 BP stations. The company is also a leader in providing systems to manage and optimize fuel efficiency. Saben verified the substantial fuel efficiency benefits of DiesoLiFT™ by conducting an internal test on its own fleet of diesel-fueled trucks, which demonstrated fuel efficiency of between 5 to 7%.
Lazar Demesulam, Saben's Managing Director said, "Our company has a long history of providing high quality products and services to the automotive market in Turkey. Our customer base is primarily composed of end users of petroleum fuels and we believe that IFT's unique technology is a natural complement to our business. IFT's impressive technology fits very well with our business of bringing substantial fuel economy improvements to our customers. We look forward to working with IFT."
Axel Farhi, IFT's Director of Global Business Development, said, "We are very pleased to have a quality company like Saben represent our distribution interests in Turkey. This agreement is another demonstration of the confidence that experienced industry distributors from around the world have in the commercial value of our fuel additive technology."
