FDOC NEWS: Fuel Doctor Signs Exclusive Distribution Agreement in South America
Fuel Doctor Holdings, Inc. (the "Company") (OTCBB: FDOC), a provider of innovative automotive aftermarket solutions, today announced it has signed an exclusive distribution agreement (the "Agreement") for its Platinum FD-47 power conditioner/fuel efficiency booster with Ecuador-based SENIBELLACORP, S.A. This Agreement gives SENIBELLACORP the exclusive rights to use Fuel Doctor's intellectual property and to market, distribute and sell the FD-47 fuel efficiency booster throughout the South American continent. The territory includes Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, French Guiana, Guyana, Paraguay, Peru, Suriname, Uruguay and Venezuela. FD-47 is a patent-pending fuel efficiency booster that increases a vehicle's miles per gallon (MPG) by power conditioning the vehicle's electrical systems.
Per the terms of the Agreement, SENIBELLACORP will purchase from Fuel Doctor Holdings over 800,000 FD-47 units over the next five years for a total estimated purchase price of over $12,000,000. The Agreement may be extended for an additional five years and over $34,000,000 worth of additional FD-47 sales. The companies may also expand the agreement to include the sales of other Fuel Doctor products. SENIBELLACORP must meet five-year minimum purchase requirements in order to maintain its exclusive distribution rights in the territory. The first order of FD-47s is scheduled to ship to Ecuador by the end of January.
Ecuador-based SENIBELLACORP was founded by Patrick Villagran who has over 15 years of management operations experience with enterprises including Mac Tools, Hertz Corporation and Public Storage. He has led millions of dollars in sales at these organizations.
"The introduction of the FD-47 to South America comes at an exceptional time with gas prices increasing and our current concerns of greenhouse gas emissions. This is the ideal product to target these issues in a revolutionary way that will excite and rapidly expand throughout the South American territory. SENIBELLACORP is pleased to bring the FD-47 to South America and we are confident that its benefits will be a perfect fit for the demands of our fast growing automotive market," stated Patrick Villagran, Founder of SENIBELLACORP.
Mark Soffa, President and Chief Executive Officer of Fuel Doctor Holdings, added, "We are really excited to bring FD-47 to South America. The continent has emerged in the last decade as a major force in the global economy. The growth rates we've seen in Brazil may be an indicator of how other South American nations may trend in the future. We believe we are developing a truly global brand with products that deliver value to vehicle owners around the world."
According to AutoSlug.com new car sales in key South American markets have shown strong growth. In Brazil more than 3.5 million new cars and light trucks were sold in 2010, an 85% increase since 2006. New car sales increased 50% from 2006 to 2010 in Argentina, and grew 25% in the same period in Colombia. Peru had 116,000 new car sales in 2010, triple the amount in 2006. The FD-47 works to effectively increase the MPG of vehicles that are 24 months and older.
About Fuel Doctor Holdings, Inc.
Fuel Doctor Holdings, Inc. (the "Company") provides innovative solutions to the automotive aftermarket. The Company is the exclusive worldwide distributor of the Platinum FD-47, a power conditioner/fuel efficiency booster that plugs into the lighter socket/power port closest to the engine of a vehicle 24 months and older to help drivers regain lost miles per gallon (MPG) through power conditioning of the vehicle's electrical systems. The Platinum FD-47 is sold by blue chip retailers nationwide and has undergone certified laboratory and field testing by Test Car Engineering, Ledico/Bosch, Kett Engineering and Intertek a global leader in quality, safety, and inspection and testing of consumer goods.
During 2011, Fuel Doctor was the primary sponsor of Turn One Racing in NASCAR's Camping World Truck Seires. Fuel Doctor was also the primary sponsor in 2011 for Rusty Wallace Racing, competing in the NASCAR Nationwide Series and Gaunt Brothers Racing, competing in both NASCAR's Canadian Tire Series and NASCAR's K&N Pro Series.
Please visit the Company at www.FuelDoctorUSA.com and www.FuelDoctorRacing.com.
Safe Harbor Statement
All statements other than statements of historical fact included in this press release, including, without limitation, statements regarding the Company's anticipated financial position, business strategy and plans and objectives of management of the Company for future operations, are forward-looking statements. When used in this press release, words such as "anticipate," "believe," "estimate," "expect," "intend," and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors not limited to, general economic and business conditions, competitive factors, changes in business strategy or development plans, the ability to attract and retain qualified personnel, and changes in legal and regulatory requirements and the other risks discussed in the company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). Such forward-looking statements reflect the current views of the Company with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and liquidity of the Company. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this paragraph. The Company does not assume a duty to update these forward-looking statements, except as required by law.
Contact:
Investor Relations
Mr. Andrew Haag
Managing Partner
IRTH Communications, LLC
Tel: +1-866-976-IRTH (4784)
E-Mail: Email Contact
Website: www.irthcommunications.com
Company Website: www.FuelDoctorUSA.com
