SOURCE: EMTA Holdings, Inc.

December 30, 2008 08:35 ET

EMTA Holdings, Inc. Receives $150,000 Cash Payment for Tier 1 (211B) Diesel Test Data

SCOTTSDALE, AZ--(Marketwire - December 30, 2008) - EMTA Holdings, Inc. (OTCBB: EMHD), an industrial / commercial energy conservation and solutions company, and maker of XenTx™ and Synergyn™ engine treatment products and related diesel fuel efficiency products, announced today that its wholly owned subsidiary, White Sands, LLC, has completed the sale of its Tier 1 (211B) Test Data to a manufacturing company that specializes in fuel additive-based products.

"This Test Data, which relates to the actual increased efficiency and fuel economy produced by certain technologies owned by EMTA Holdings and its White Sands subsidiary, would cost a company approximately $1,000,000 to duplicate, and likely 18 months to complete," according to Ed Lonergan, President and CEO of EMTA Holdings. "This is the primary reason the U.S. EPA has developed a process whereby test data can be shared between companies. If companies opt not to share their data, the EPA has established a method of binding arbitration to ensure cooperation between potential rivals."

EMTA Holdings was initially contacted by attorney David Johnson of Ruden McClosky. Mr. Johnson negotiated the terms of the agreement with EMTA on behalf of this manufacturing company, which has asked EMTA Holdings to keep its identity confidential for now. EMTA anticipates that licensing of additional EMTA products and/or technologies may develop in the coming months.

"This unsolicited sale of our Tier 1 Test Data to this manufacturer awards them a strong marketing advantage of their product to their targeted commercial and industrial customer base," added CEO Lonergan. "This transaction is also further proof positive that EMTA's diesel fuel additive technology is world class. We expect that additional diesel fuel-oriented companies will be interested in negotiating similar agreements, creating a potentially strong revenue stream beneficial to our bottom line in 2009, and beyond."

ABOUT EMTA HOLDINGS:

EMTA Holdings, Inc. (OTCBB: EMHD) develops and manufactures innovative products and additive technologies to conserve energy and enhance fuel economy and efficiency. EMTA's technologies are particularly beneficial for petroleum-based fuels. The Company's engine and fuel additives are marketed under the brands the XenTx™, Synergyn™ and CleanBoost™ brands, and are sold through industrial, commercial and retail channels. EMTA's various branded products are available from key distributors, major automotive retailers, and online at: http://www.emtacorp.com/store.

For additional information on EMTA products, please visit: http://www.xentx.com.

FORWARD-LOOKING STATEMENTS:

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.

Contact Information

  • CONTACT:
    Paula C. Wright
    VP IR/PR/Media
    EMTA Holdings, Inc.
    480-222-6222
    Email Contact

    Additional Investor Relations:
    Equiti-trend Advisors
    800-585-6988
    9:30 a.m. - 5 p.m. EST