International Fuels News
Monday June 18 , 2007 8:00 AM Eastern Time
IFT Adds Three Commercial Accounts
Orders For DiesoLIFTTM Follow Successful Field Trials
ST LOUIS, June 18, 2007 – International Fuel Technology, Inc. (IFT) (OTCBB: IFUE) has received payment and shipped product to three new commercial accounts. Each of the U.S.-based accounts purchased IFT’s DiesoLIFTTM proprietary diesel fuel additive following successful field trials that demonstrated substantial improvements in fuel economy. Sales to these accounts, two construction-related companies and one food distribution company, resulted from the direct sales efforts of IFT’s U.S.-based sales and marketing personnel.
“These new accounts are a clear indication of the progress we are making in commercializing our proprietary diesel fuel additive technology in the U.S.,” said Gary Kirk, IFT’s Director of Sales and Marketing. “In addition, there are a number of prospective accounts that are currently in the trialing phase here in the U.S. and we expect to realize revenues from many of these prospects in the second half of 2007.”
Added IFT CEO Jonathan R. Burst, “IFT will continue to pursue selected direct sale opportunities, but the primary commercialization strategy remains the outsourcing of sales and marketing to established industry third parties with existing customers and distribution channels. IFT has distribution agreements with industry partners in a number of countries worldwide that are making very good progress on behalf of IFT. We expect to realize revenues from our existing distribution partners in 2007 and enter into agreements with additional industry distribution partners in the second half of 2007.”
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.
