International Fuels News
Tuesday June 16, 2008 8:00 AM Eastern Time
International Fuel Technology Makes First Sale of GasoLIFT™ 10
ST. LOUIS--(BUSINESS WIRE)--International Fuel Technology, Inc. (IFT) (OTCBB: IFUE - News) announced that one of its European distribution partners made an initial sale of GasoLIFT™ 10, IFT’s proprietary fuel additive formulation for gasoline. GasoLIFT™ 10 has demonstrated the ability to improve fuel economy and provide other benefits to gasoline engines.
“IFT’s primary commercial focus continues to be the bulk sale of our proprietary diesel fuel additive formulations,” said Axel Farhi, IFT’s Director of Global Business Development. “However, the ever increasing price of gasoline has prompted many of our distribution partners to also focus on our GasoLIFT™ 10 product and the fuel economy benefits that it provides to retail consumers of gasoline.”
“The combustion enhancement properties of our fuel additive technologies have been demonstrated across the spectrum of liquid hydro carbon fuels," said Sergio C. Trndade, IFT’s Chief of Science and Technology. “The increase in worldwide demand for gasoline, the tight supply-demand for fuel and resulting price escalation is causing retail end users to focus on ways to improve fuel economy. This market dynamic is providing a growing opportunity for our GasoLIFT™ 10 fuel additive formulation.”
IFT’s European distribution partner, an established company with existing clients, has purchased GasoLIFT™ 10 in bulk and repackaged it in individual bottles for sale into retail markets in Europe and Asia.
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.
