International Fuels News
Tuesday May 6, 2008 9:00 AM Eastern Time
IFT Signs Marketing and Distribution Agreement with Major European Chemical and Fuel Additives Distribution Company
Caldic U.K. Has Purchased DiesoLIFTTM 10 and is Introducing the Product to Their Clients
ST. LOUIS, May 6, 2008 – International Fuel Technology, Inc. (IFT) (OTCBB: IFUE) announced that it signed a marketing and distribution agreement with Caldic U.K., a U.K. based chemical and fuel additives company. Caldic U.K. is a division of Rotterdam (Netherlands) based Caldic B.V. (www.caldic.com), a major European chemical and fuel additives distribution company with 25 sales offices in eight countries and annual revenues of approximately $750 million.
Caldic U.K. has purchased DiesoLIFT™10 and introduced the product to their clients, including major bus and supermarket companies. (A copy of Caldic U.K.’s informational sales brochure can be obtained by going to the following link: www.internationalfuel.com/pdfs/Brochures/Caldic.pdf.
“DiesoLIFT™10 has clearly demonstrated the ability to increase fuel economy and reduce harmful greenhouse gas emissions,” said Roger Collis, Caldic U.K.’s Managing Director. “In addition, independent laboratory testing has shown that IFT’s DiesoLIFT™BD-3 is a top performing fuel additive technology for addressing oxidation stability and deposit control in bio-diesel fuel blends. Both products are currently in use with some of our largest commercial accounts.”
Gary Kirk, IFT’s Director of Sales and Marketing said, “The continued success of our DiesoLIFT™product line has generated a lot of interest from major chemical and fuel additive distribution companies. The Caldic U.K. agreement is another significant step forward for our primary commercial strategy of partnering with large, well-known industry distribution companies with established marketing channels and end user clients.”
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