SOURCE: EMTA Holdings Inc.

February 20, 2007 11:50 ET

EMTA Holdings Inc. Appoints Veteran Chemist as V.P. of Research and Development

James G. MacNeil, Jr. Brings Extensive Experience in Lubrication and Additives Development

SCOTTSDALE, AZ -- (MARKET WIRE) -- February 20, 2007 --EMTA Holdings Inc. (OTCBB: EMHD), an energy, fuel and environmental conservation company, today announced that it has appointed James G. MacNeil, Jr., Ph.D. to its executive team as Vice President of Research and Development.

Mr. MacNeil will manage the research and development of EMTA's evolving family of innovative products that enhance engine performance, reduce fuel consumption, extend equipment life, reduce emissions and promote environmental safety. R&D is essential to EMTA's growth. Mr. MacNeil will have charge of expanding of the Company's intellectual property portfolio, testing its products in new applications, and consistently improving existing products while developing new technology. The R&D facilities of EMTA Holdings Inc. are located at EMTA's subsidiary Synergyn, in Durant, Okla.

Prior to joining EMTA, Mr. MacNeil was the General Manager of Dover Chemical's Hammond Works, a division of Dover Chemical Corporation that specializes in fuel and lubricant additives. Previously, he had served Dover Chemical in various business and marketing management positions since 1995. He received his Ph.D. in Organic Chemistry from the University of Iowa in 1992.

Edmond L. Lonergan, EMTA Holdings CEO & President, said, "We are very pleased that Jim MacNeil has decided to join our team. He brings a tremendous amount of experience in developing successful commercial products in our target markets. He has been involved in more than 20 different product launches and brings both a developmental and marketing mentality to our company."

Mr. MacNeil stated, "I'm extremely excited to be joining the EMTA team. I believe that my background is ideally suited to help bring the XenTx™ product line and the other EMTA products to the next level of their development."

About EMTA

EMTA Holdings Inc. is a holding company currently engaged in providing innovative solutions to conserve energy usage, particularly for petroleum-based fuels. The Company has developed unique products that are sold to industrial and commercial customers as well as to retail consumers. In addition, the Company is currently developing three new lubrication products and is interested in identifying future merger opportunities.

XenTx™ products feature breakthrough technology proven to reduce overall friction and mechanical wear resulting in greater fuel economy. XenTx™ is available at most major retailers including AutoZone, Wal-Mart Canada, Murray's Discount Auto Sales, Strauss Discount Auto, Pepboys, True Value, O'Reilly Auto Parts, Wal-Mart Super Stores, Lee Auto Parts, Meijer, Fred Meyer, Bi-Mart, Levin's, Midway Auto Supply, Canadian Tire, G.I. Joe's, Yankee Warehouse, and B&B Auto Supply.

For additional information please visit www.emtacorp.com or www.xentx.com.

This press release discusses certain matters that may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the intent, belief or current expectations of EMTA Corp. ("the Company") and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to: the ability of the Company to raise necessary capital; to attract and retain effective management; the lack of viable commercial applications or the failure of third-party contractors to perform their contractual obligations. Prospective investors are also referred to the other risks identified from time to time in the Company's reports and registration statement filed with the Securities and Exchange Commission.

Consulting For Strategic Growth1, Ltd. ("CFSG1") provides EMTA Holdings Inc. ("the Company") with consulting, business advisory, investor relations, public relations and corporate development services. Independent of CFSG1's receipt of cash compensation from the Company, CFSG1 may choose to purchase the company's common stock and thereafter liquidate those securities at any time it deems appropriate to do so.

Contact Information

  • CONTACTS:

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    Consulting for Strategic Growth 1, Ltd.
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    Media Relations:
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    or
    Stuart Fine
    Carpe DM Inc.
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