SOURCE: Fittipaldi Logistics, Inc.

August 23, 2007 11:55 ET

Fittipaldi Logistics Launches Driver Seat Application

BOCA RATON, FL--(Marketwire - August 23, 2007) - Fittipaldi Logistics, Inc. (OTCBB: FPLD) today announces the launch of its "Driver Seat" application. This cutting-edge technology allows truck fleet operators to greatly reduce fuel consumption and emissions and brings the added value of its GPS capabilities. The results of extensive testing with truck fleets demonstrated that the use of the "Driver Seat" will more than pay for itself by reducing fuel costs. CEO Frank Reilly states, "The positive response from our pilot programs assures me that it is very attainable to have 10,000 trucks using 'Driver Seat' in 2008. It is currently being used to validate products that are designed for fuel and emissions reductions such as Rentar fuel catalyst and others."

About Fittipaldi Logistics, Inc.

Fittipaldi Logistics, Inc. is a technology company that specializes 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. In addition, through Fittipaldi Environmental Solutions, the company has adapted its product to provide critical information enabling verification of fuel savings and reduction of harmful emissions. See

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 U.S. SEC.

Contact Information

  • Contact:
    Fittipaldi Logistics
    Corporate Relations
    (866) 998-7557 x 404