SOURCE: Fittipaldi Logistics, Inc.

March 22, 2007 10:46 ET

Fittipaldi Logistics, Inc. Begins Testing Fuel Efficiency Module

Solution Reduces Fuel Consumption and Harmful Greenhouse Gas Emissions While Improving Fleet Resource Management

BOCA RATON, FL -- (MARKET WIRE) -- March 22, 2007 -- Fittipaldi Logistics, Inc. (OTCBB: FPLD), the market leader in software development focusing on the freight transportation industry, announced today the initial deployment of its Fuel Efficiency Module. The initial test of the module is being conducted on the Commodity Express Transportation (CXT) fleet, headquartered in Columbia, SC. CXT is the flagship fleet of Fittipaldi Carriers, the trucking division of Fittipaldi Logistics.

The Fuel Efficiency Module targets the number-one concern of the freight transportation industry -- fuel cost. Although the module cannot affect price at the pump, Fittipaldi Logistics' solution does reduce the number of trips vehicles must make to fill their trucks. The Fuel Efficiency Module accomplishes this reduction across three target areas: efficiency, misappropriation, and management.

By incorporating the Rentar Fuel Catalyst into its solution, Fittipaldi Logistics directly improves vehicle fuel efficiency by 2% to 21% and, in the process, reduces harmful emissions such as CO2 and NOx. The Fuel Efficiency Module further reduces fuel consumption by providing continuous monitoring of fleet assets, including hours of use and location violation alerts, as well as inconsistencies in purchase data needed to identify potential fuel theft. Finally, by providing fleet management precise, detailed, near-real-time reports, including diagnostic and performance data obtained directly from vehicle engines, Fittipaldi Logistics expects to eliminate many of the inefficiencies attributable to poor information management.

What do these savings add up to? According to Fittipaldi Carriers CEO, Orin Neiman, "It's still a bit early to say precisely, but we expect it to be substantial."

Fittipaldi Logistics is committed to making the Fuel Efficiency Module affordable to every fleet in the country. "The efficacy of just one component of our solution -- the Rentar Fuel Catalyst -- has been heavily scrutinized and validated by the biggest names in the freight transportation industry as well as by some of the preeminent testing labs in the world. Even before the full scope of the savings and value of the larger Fuel Efficiency Module is understood, the economics of the investment will be compelling," said David Brooks, CEO of Fittipaldi Logistics. "Furthermore, while today the solution makes you environmentally responsible, tomorrow it will make you emissions compliant."

Fittipaldi Logistics expects to release its solution to the general market within six weeks.

About Fittipaldi Logistics, Inc.

Fittipaldi Logistics, Inc. is a technology company specializing in providing pertinent, real-time information to the worldwide transportation and security industries. Our telematics solutions collect vehicle and container-based data and integrate it with information gathered from various disparate legacy systems across the supply chain. The data is then synthesized and reformatted into valuable, actionable information, and delivered to appropriate end-users across the logistics value chain through secure web-based applications. Specific offerings include: vehicle tracking, inventory/asset visibility, secure trucking, matching available freight with available trucks, and many others. Additionally, Fittipaldi Logistics, through Fittipaldi Carriers, is an expanding freight transportation operation currently serving the southeastern United States.

About Rentar Environmental Solutions, Inc.

Rentar Environmental Solutions, Inc. manufacturers the Rentar Fuel Catalyst that is government verified to reduce fuel consumption, particulate matter and reduce greenhouse gases such as CO2 and NOx. Major fleets cost effectively with ROI's of less than 6 months are currently using the technology.

This press release includes certain 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. Such forward-looking statements include, but are not limited to, statements regarding our current business plans, strategies and objectives that involve risks and uncertainties that could cause actual results to differ materially from anticipated results. The forward-looking statements are based on our current expectations and what we believe are reasonable assumptions; however, our actual performance, results and achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Factors, within and beyond our control, that could cause or contribute to such differences include, among others, the following: we have a history of losses and an accumulated deficit, expect losses to continue for the foreseeable future and will need to raise additional working capital in order to implement our business model and sustain our operations; the loss of one or more of our major customers could materially and adversely effect our future revenue and business operations; as well as those factors discussed under "Risk Factors" in our Annual Report on form 10-KSB filed on October 13, 2006 and various disclosures in other reports filed from time to time with the United States Securities and Exchange Commission.

Contact Information

  • Fittipaldi Logistics Contact Information:
    Fittipaldi Logistics' Corporate Investor Relations
    (866) 998-7557 x 301