SOURCE: Fuel Doctor, LLC

Fuel Doctor, LLC

August 29, 2011 07:30 ET

Fuel Doctor, LLC Completes Merger With Silverhill Management Services, Inc., and Concurrent Closing of $900,000 Private Placement

Company's Shares to Trade on OTCBB Under the Symbol "SLHL" Until Name and Symbol Change Become Effective

CALABASAS, CA--(Marketwire - Aug 29, 2011) - Fuel Doctor, LLC, a provider of innovative technology solutions to the automotive aftermarket, which includes the FD-47 power conditioner/fuel efficiency booster, announced today that it has completed a merger with Silverhill Management Services, Inc. (OTCBB: SLHL). As a result of the merger, Fuel Doctor became a wholly-owned subsidiary of Silverhill Management Services, Inc., and the managers of Fuel Doctor were appointed as officers and directors of the company. After compliance with all applicable laws, rules and regulations, Silverhill intends to change its corporate name to Fuel Doctor Holdings, Inc. to better reflect the company's business focus.

Silverhill is currently listed on the OTCBB market under the symbol "SLHL." The company plans to immediately file with FINRA for a new symbol and expects to receive approval for the corporate name and symbol change in the next few weeks.

Concurrent with the merger, Fuel Doctor completed a private placement of approximately $900,000 to qualified accredited investors. Upon closing of the reorganization agreement and private placement, the company will have approximately 12.4 million shares issued and outstanding. Net proceeds received from the private placement have been used for product development and sales, marketing, inventory, working capital and general corporate purposes. Please refer to the company's Form 8-K filed with the U.S. Securities and Exchange Commission dated August 25, 2011, which provides detailed information about the reorganization plan and agreement.

Chief Executive Officer Mark Soffa stated, "The positioning of Fuel Doctor as a public company gives us substantial opportunity to further pursue marketing and sales expansion and product and technology development. Fuel Doctor is a unique, environmentally conscious consumer product with a broad appeal in both domestic and foreign markets. Backed by strong marketing momentum and the support of dedicated employees, partners, international distributors and North American retailers, we look forward to moving forward with our aggressive growth and corporate development plans. We congratulate our employees for their great work in bringing Fuel Doctor to new levels and welcome our new shareholders to the exciting opportunities ahead for our company."

About Fuel Doctor, LLC

Fuel Doctor, LLC provides innovative technology and environmental solutions to the automotive aftermarket including power solutions that restore and enhance power efficiencies leading to potential improvement in fuel economy for most vehicles that are 24 months and older. Fuel Doctor is the exclusive worldwide distributor of the 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 increase the vehicle's miles per gallon through power conditioning of the vehicle's electrical systems. The FD-47 is endorsed and 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, inspection and testing of consumer goods. Fuel Doctor is also the official sponsor of Turn One Racing, Rusty Wallace Racing and Gaunt Brothers Racing competing in both NASCAR's Nationwide Series and Camping World Truck Series with additional partnerships with Red Bull USA and Triad Racing Technologies.

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. 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.

Contact Information

  • Contact

    Mr. Joseph R. Rodriguez, Jr.
    Chief Financial Officer
    Fuel Doctor, LLC
    Tel: +1-818-224-5678 x109
    Email: Email Contact