IFT’s GasoLIFT™ EM-2 Fuel Additive Formulation Successfully Introduced into the Racing Fuels Market

ST. LOUIS, October 24, 2007 – International Fuel Technology, Inc. (IFT) (OTCBB: IFUE) today announced that its GasoLIFT™EM-2 technology has been successfully introduced into the racing fuels market. One of the world’s renowned racing fuel suppliers is now purchasing and using GasoLIFT EM-2 in the fuels that they supply to the racing market. GasoLIFT™EM-2 is a combustion enhancing fuel additive formulation designed for high performance gasoline applications.

Extensive laboratory testing and field trials have demonstrated that GasoLIFT™EM-2 improves the engine performance of racing cars and motorbikes that operate in extreme conditions. Specifically, the introduction of GasoLIFT™EM-2 increases the power output of the racing engine.

“Our unique surfactant-based technology has consistently shown the ability to enhance the combustion process and improve the overall performance of engines that use liquid hydro carbon fuels,” said Axel Farhi, IFT’s Director of Global Business Development. “Although the primary focus of our selling efforts is the bulk sale of our additive technology to major end users of petroleum fuels, we will continue to selectively pursue projects that provide us the opportunity to work with and demonstrate to major fuel suppliers the benefits of our technology.”