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International Fuel Technology Receives Commitment for Initial Purchase Order of 34 Tons of DiesolIFT(TM) From Kyoto Fuel Technologies Ltd.
Kyoto Fuel Technologies Ltd. Appointed Exclusive Distributor in the British Isles for International Fuel Technology, Inc.
Aug 22, 2005 9:14:00 AM
ST. LOUIS, MO -- (MARKET WIRE) -- 08/22/05 -- International Fuel Technology Inc. (OTC BB: IFUE), a fuel science and research company, today announced that it has received a commitment for an initial purchase order of 34 tons of DiesolIFT(TM) from Kyoto Fuel Technologies Ltd. (KFTL). KFTL recently signed an exclusive agreement with Fuel Technologies Ltd (FTL), one of IFT's distribution partners. KFTL will become the exclusive distributor of IFT's fuel additives in the British Isles and Ireland comprising the United Kingdom of Great Britain and Northern Ireland, the Republic of Ireland, the Channel Islands and the Isle of Man (collectively the "Territories"). KFTL has signalled its confidence in IFT products by committing to the initial purchase order of 34 tons of DiesolIFT(TM) This will be sufficient to enhance approximately 20 million litres of diesel fuel with IFT's fuel saving technology which also reduces CO2 emissions over untreated fuel, allowing responsible users to help the environment.
Jeff Johnson, Tim Burrow and Nick Speakman are the executive officers of KFTL, a company incorporated in England. Jeff Johnson, the CEO of KFTL, has an extensive background and knowledge of the international automotive, distribution and transport sectors, including rail, shipping and aviation, gained at senior executive/CEO/President level in his career with Ford Motor Company and Rover Group in the automotive industry and with Lombard North Central Plc. and GATX Capital Corporation in the corporate asset finance sector. Tim Burrow has over 20 years of business experience in marketing and technology related businesses, both in Europe and South Africa. Nick Speakman, well connected in the food processing, distribution, and transport sectors, has a wide range of international experience in physical commodity trading and agricultural businesses.
Jeff Johnson, KFTL's CEO, said, "We are excited about distributing IFT's additives throughout the British Isles and the Republic of Ireland. The test results attained by Prodrive (UK) and Southwest Research Institute (U.S.) are convincing testimony to the viability and applicability of IFT's technology in the Territories and throughout Europe. We have seen firsthand the tremendous interest already generated by IFT's additives in certain African markets and we expect to do the same in the British Isles and Ireland." The initial focus of KFTL will be with DiesolIFT(TM) This will be on road transport, and specifically the bus industry where the UK Government's major goals include the protection of the environment and contributing towards meeting the UK's Kyoto targets.
Jonathan Burst, IFT's CEO, said, "We continue to attract highly experienced and successful business people to work with IFT on distributing our additives. The increasing price of oil has given commercialization of our additives added impetus. We are confident that KFTL and its executives will expedite commercialization opportunities for us in the British Isles and the Republic of Ireland."
Dion Friedland, Chairman of FTL stated: "We are delighted to have Jeff Johnson, Tim Burrow and Nick Speakman take on the exclusive distribution of IFT products in the British Isles. Their extensive business experience and contacts throughout the UK and Europe should enable them to quickly expand IFT's reach throughout the British Isles and bring the benefit of IFT's technology to help alleviate the high cost of fuel for commerce and consumers and assist the British and Irish Governments comply with Kyoto protocol standards."
KFTL joins IFT's other distributors in Asia (First Asia Fuel Corporation), Africa (Fuel Technologies Ltd), the U.S. (Soliton), South and Central America and selected African countries (Trafigura/Puma), the Middle East (Petrochem) and selected European countries (Expertises Technologies et Services and European Consultants) in assisting IFT in reducing fuel consumption and CO2 emissions worldwide.
Some statements contained in this release may be forward-looking within the meaning of the safe harbor clause of the Private Securities Litigation Reform Act of 1995 including, but not limited to, statements as to commercialization of the company's products and business development activities. 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, the company's ability to generate revenues and other factors as described in the Company's literature and filings with the Securities and Exchange Commission.
Contact:
International Fuel Technology, Inc.
Stuart Beath
(314) 727-3333 x417
www.internationalfuel.com
Defender you are not up, you are OUT! Grow up.
Gman...you are a poet. Hopefully the less fortunate can understand once and for all the objectives of the longs. It is a waste of time to be battling with every bleep on the share price. That is not the point with this stock. If someone doesn't UNDERSTAND this, they are not for this type of investment Keep posting Gman. Shareless will hopefully find a new hobby and we can all get to some intelligent conversation about concerns, wins, losses etc., without Shareless singing the same old pathetic song.
I'm so gullible I'm up .55 cents a share from where you sold. GO GULLIBLE!
Go back to middle school Defender. Your spelling and grammer are a mess. You truely are an ignorant man. So there! Not thier, there. My goodness.
Thanks Stinkeye. I, for one, appreciate any info I can get. Ignore Shareless, he has nothing to lose.
Tell us more about your friend and what is going on please Stinkeye.
Your right? Shareless? ROFL!
It is always possible this is leaked news. More probable than not. You just seem to think you are the only one that has thought of this. PLEASE. What will it take to shut you up Shareless? You are almost funny, in a very sad lonely way.
You sound more and more stupid Defender. You lost by selling too soon. You aren't as SMART as you say. Go away, no one cares SHARELESS!
Scratch that. My chart wasn't updated. I see it even though it is still on the positive side of the Doji.
I see this candlestick as positive Stinkeye. It has a long tail and ended a positive on a daily chart. I don't see the typical doji cross. What am I missing?
Sounds like an excellent move Colby. Glad you had a nice win.
Nice volume and price action. I would like to see us stay above the 1.81 resistance tomorrow. Feels good after such a long wait. I see defender has left the building. GOOD!
I can't believe you sold some off because of this board. This board changes nothing, or does it? Too Bad.
Let's just post it Angela. Thanks RDS 1 for your insight
I stand behind my statement and have proof. By calling everyone names and inflicting ridicule on everyone’s comments, suggests you suffer from an inferiority complex. Your limited vocabulary and extremely poor grammar reveals you did very poorly in school and therefore resent those with any knowledge you may not posses.
Let's just post it for them Angela. I think it is an awesome discription of Defender also: Thanks to
Your need to announce your trades publicly, discuss the amount of money you gained and inform others of what type of job you have also reveals that failure is not a stranger to you.
Your comments have an incredible tone of desperation. I would also assume your financial situation is not desirable.
Aside from all that, the only things I search for in your comments are the unashamed false statements you constantly make about the company I have invested in.
We know what you believe Defender. That doesn't answer the question. AS USUAL. Why so obsessed with posting on a stock you don't hold. You are a broken record. Get some new material. Call the company and get a new set of complaints atleast!
Gman. The fact that the share price has held and risen is great. This is going to be a silent giant. Answer Defender...
Why keep bashing?
Nice to see a united front against Defender. Go IFUE longs! Answer the question Defender. Why post for a stock you have such a negative opinion of?
Defender, do you own any shares yet?
Having the balls to call defender out. Looks like he won't play. Even if he does, he will come back with another name. That is just his shareless style.
Thanks Gman for stepping up!
Can anyone explain where we are in the energy bill.
Class act Defender.
Wish it looked better. Sales cures all however. We need a cure pretty soon!
Molasses in January. So SLOW!
Is this right? 1400 shares traded today? Not much action.
No sell off either. That is good news, with no news that is.
Still breathing here. That is rather disturbing.
It is okay to panic Defender. We all have our issues.
For myself, I'm not frightened at all. I have sold some along the way also. But never would I be SHARELESS How about SHARELESS and spending all your time responding to slams on a stock you don't own. Dr. Phil...he needs you. Send help for our angry, shareless, wanna-be music producer.
Short memory Defender. You are not the only buyer and seller. I just don't throw the baby out with the bath water when I get spooked! There are some shares I refuse to sell in the 30 cent range. I don't advertise my accomplishments. Don't need the ego boost. Trust me...I have done very well on the yo-yo's. But My faith is in staying long with over 60k shares. Leaving you in the dust pal. Looks like we are set for another break out too.
Sucks to be you right now.
How can I be wrong 90% of the time when I still own shares. I didn't bail @ 1.20. Look at the loss you have taken...no guts no glory Achy Breaky Heart Producer!
Shareless is pissed again. ROFL as he would say.
Heck of a spread.
Let's hope for some news next week. Go IFUE!
Not taking much to push this price up. I am surprised we didn't drop more this week. That has been our history. No news by Tues. and we fall off in price a bit.
Defender...
Some help for you.
(j) Many religious terms are capitalized, including the names of religions and of their followers, the names or titles of divine beings, the titles of certain important figures, the names of important events and the names of sacred books:
An atheist is a person who does not believe in God.
The principal religions of Japan are Shinto and Buddhism.
The Indian cricket team includes Hindus, Muslims, Sikhs and Parsees.
The Lord is my shepherd.
The Prophet was born in Mecca.
The Last Supper took place on the night before the Crucifixion.
The Old Testament begins with Genesis.
Note, however, that the word god is not capitalized when it refers to a pagan deity:
Poseidon was the Greek god of the sea.
I disagree...
If anyone's testing proves that this a product to be implemented and someone steps up with a large enough order, committment or contract others will sit up and take more active notice. I am certain IFUE will make the necessary comtacts to show to it's prospects that they are missing the boat. A committment is a big deal.
Would you want to be the first for lets say a vasectomy?
Obviously, I'm betting against you Defender. The fat lady hasn't sung yet but she does need to sing before too long.
There is still some serious players still interested in what IFUE has. Don't count them all out yet.
It is True...
IFUE has worn out certain types of PR's. They give us a bit of a jolt but seem to be short lived.
The key here is if you are a beiever or not that with all these opps, one will materialize and start the domino effect.
This is the right time and the right product. The set up for this product couldn't be better with all the focus being on energy costs and pollution.
IFUE has its hands in many pots. The possibilities are many for a huge committment from one of the many interested parties.
Is it worth the wait? Hell yes. When we do hit it will be off the charts. I feel fortunate to have this opportunity. I personally have seen less promise and invested much more. It is not if, but when.
The window is now however, I pray they score a deal inside of 2005.