SOURCE: International Fuel Technology Inc.

December 09, 2005 10:31 ET

International Fuel Technology Records $500,000 Order for Sale of DiesolIFT™ to First Asia Fuel Corporation

ST. LOUIS, MO -- (MARKET WIRE) -- December 9, 2005 -- International Fuel Technology Inc. (OTC BB: IFUE), a fuel science and research company, today announced that it recorded a $500,000 order for the sale of DiesolIFT™ to First Asia Fuel Corporation (First Asia). IFT has received a cash payment for the entire shipment. The product is scheduled to be shipped to First Asia immediately. First Asia is IFT's exclusive distribution partner in certain Asian countries.

This shipment of DiesolIFT™ is for purchase and use by First Asia's customers and sub-distributors in the Philippines, Indonesia and China. Most of the product is expected to be used in stationary power generation applications.

Tony Stout, First Asia's President, said, "We are pleased with the progress we are making in Asia, especially with the governments of the Philippines and Indonesia. This order is clear indication of the commercial success we are beginning to realize in these countries. We expect 2006 to be a significant year for us in terms of generating revenues through the sale of IFT's DiesolITF™ diesel fuel additive."

Gary Kirk, IFT's Director of Sales and Marketing, said, "The commercial opportunities that First Asia has lined up in Asia are exciting. We anticipate that First Asia's efforts will result in additional orders for DiesolITM™ in the coming quarters."

Some statements contained in this release may be forward-looking within the meaning of the safe harbor clause of the Private Securities Litigation Reform Act of 1995 including, but not limited to, statements as to commercialization of the company's products and business development activities. Editors and investors are cautioned that such forward-looking statements involve risks and uncertainties that may cause the company's actual results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to, the company's ability to generate revenues and other factors as described in the Company's literature and filings with the Securities and Exchange Commission.

Contact Information

  • Investor Contact:
    Stuart Beath
    Director of Corporate Development
    International Fuel Technology, Inc.
    314-727-3333 x417