News Archive
IFT Distribution Partner Nordmann Rassmann Makes another Purchase of DiesoLIFT
ST. LOUIS, February 25, 2010 – International Fuel Technology, Inc. (IFT) (OTCBB: IFUE) announced that its German-based distribution partner, Nordmann Rassmann (“NRC”), made another purchase of DiesoLIFT™ BD-3 to satisfy increasing demand for the product in its European markets. DiesoLIFT™BD-3 is IFT’s proprietary fuel additive formulation for use with bio-diesel and bio-diesel fuel blends.
“DiesoLIFT™BD-3 continues to demonstrate that it is one of the top performing fuel additive formulations in the market today for addressing oxidation stability and deposit formation control in bio-diesel fuel blends,” said Jörg Hörig, NRC’s General Manager, New Business Development Business Unit. “We made some introductory sales of DiesoLIFT™BD-3 in 2009 which established the efficacy of the product in our European markets. We now have a growing number of clients who are purchasing and using DiesoLIFT™ BD-3.”
“The worldwide economic downturn has negatively impacted the rapid increase in production and end user demand for bio-diesel in Europe,” said Axel Farhi, IFT’s Director, Global Business Development. “Eventually the proliferation of bio-diesel in Europe will return and, through our distribution partner network, most notably Nordmann Rassmann, we are well positioned to capitalize on current demand and the imminent increase in demand.”
NRC (www.nrc.de) is a prominent distributor of specialty chemicals, lubricants and fuel additives. NRC sells its portfolio of high quality products throughout Germany, Austria, Central and Eastern Europe, Scandinavia and Switzerland. IFT and NRC signed a marketing and distribution agreement in 2008. NRC has distribution rights to sell IFT products in Germany, Austria, Switzerland, Sweden, Norway, Finland, Denmark, Poland, The Czech Republic, Slovakia, Slovenia, Hungary, Serbia, Romania and Bulgaria.
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.