International Fuels News
Wednesday July 26, 2006 8:00 AM Eastern Time
IFT Establishes Distribution Relationship for Western South America
Lima-based Colcom Targets Industrial Sector
ST. LOUIS, July 26, 2006 – International Fuel Technology, Inc. (IFT) (OTCBB: IFUE) has signed a distribution agreement with Lima, Peru-based Colcom SAC to introduce its DiesoLIFTÔ technology to industrial customers in Peru, Ecuador and Chile. Colcom is a privately owned distribution company supplying fuels and lubricants to hundreds of companies in the region’s trucking, rail, marine, mining and stationary power generation industries.
“The relatively high cost and often poor quality of fuel available in Peru and the region means the savings and environmental improvement available from IFT’s DiesoLIFTTM will be a tremendous value to diesel fuel end users,” said Jose Antonio Fernandez, Colcom’s CEO. “This initial DiesoLIFTTM that we have purchased will introduce the product to large-volume industrial and commercial customers as a valuable efficiency improvement and emissions reduction method,” he said.
“This non-exclusive agreement with Colcom fits with our strategy of leveraging established distribution organizations in regions and sectors where IFT’s technology provides readily apparent cost savings and environmental improvement,” said Jonathan R. Burst, IFT’s CEO. “We expect the work Colcom will soon begin with regional industry leaders will demonstrate the important role this new energy technology can play in areas where liquid hydrocarbons account for a large proportion of total energy consumption.”
International Fuel Technology is a fuel performance enhancement company focused on providing its technology to large, industrial consumers of liquid hydrocarbon-based fuels.
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.
