International Fuels News
Wednesday September 8, 2004, 9:00 AM Eastern Time
Spelman Research Revises FYE 2006 Price Target of International Fuel Technology, Inc. Common Stock
ST. LOUIS, Sept. 8, 2004 (PRIMEZONE) -- International Fuel Technology Inc. (OTC BB:IFUE.OB), the developer of a series of environmental fuel technologies and fuel blends designed to increase fuel economy and reduce harmful emissions, announces that yesterday Spelman Research revised its fiscal year end 2006 price target on IFT common stock to reflect the potential of the First Asia agreement announced last week. A copy of the research update is available on the Spelman Research web site: http://www.spelmanresearch.com.
Spelman is an independent boutique equity research firm providing independent research for significantly under followed small cap companies. Spelman distributes its research to a broad audience of institutional and individual investors seeking information on under followed small cap stocks.
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.
