I e-mailed Greg Beaver at Terra Fuel Technologies and this is what I got back.
My name is Greg Beaver, I am a Director of Terra Fuel Technologies (TFT), a start up company developing a co-fuelling technology. I apparently missed your call and have tried to call you however the time difference is making it difficult.
Some time ago we were approached by eCarfly and its advisors regarding a possible merger. Preliminary discussions ensued however no letters of intent, agreements nor contracts were entered into.
eCarfly, for reasons only known to them, made a series of unauthorized statements without the knowledge nor approval of TFT nor any of its officers. These statements were blatantly false, incorrect or misleading.
Desmond Milligan the CEO was challenged by myself and he subsequently agreed to retract the offending statements and issue a public apology to TFT and any other organization mentioned in these statements.
Business Wire has advised me that they have or are in the process of killing these releases.
I have been unable to contact Mr.. Milligan for the past 24 hours to ensure that eCarfly and he personally honors the commitment to publish a retraction and apology. I have attached a copy of the press release that Desmond sent to me which is self explanatory and I believe exonerates TFT in this matter. I do not know if this has been circulated to the shareholders of eCarfly, it certainly should be.
Obviously I am taking advice before making any further statements.
The directors and management of TFT would like to extend our apologies for the pre-emptive and misleading statements issued by eCarfly.
We wish to affirm that TFT is a very small company with integrity and good governance and that this situation was beyond our control.
Kind Regards
Greg Beaver
Director
Terra Fuel Technologies Pty Ltd
413xxxxxx
