SOURCE: Fuel Freedom Foundation
IRVINE, CA--(Marketwire - Oct 17, 2012) - Vinny Smith, technology entrepreneur, founder and former CEO of Aliso Viejo-based Quest Software, which recently sold to Dell for $2.4 billion, announced today a $1 million donation to the Fuel Freedom Foundation. This is a non-partisan, non-profit organization dedicated to breaking America's oil addiction by opening markets to competition from replacement fuels for gasoline. Smith made his gift, which consists of two $500,000 installments, through the Orange County Community Foundation, a leading philanthropic institution that connects donors to the organizations they care about most.
To achieve its objectives of ending America's oil addiction, the Fuel Freedom campaign focuses on five priorities: outreach and education, regulatory reform, legal initiatives, political advocacy and alliance building.
"I am privileged to have the opportunity to be a part of the Fuel Freedom campaign," said Smith. "The need to end our dependence on foreign oil is one of the most important issues facing our country right now. Fuel Freedom has found a solution that appeals to all Americans, which includes lifting barriers to competition so that innovation and entrepreneurship can work their magic, just as they have done in my industry and across our economy."
Abundant supplies of natural gas, together with ethanol and methanol, could enable American consumers to have $2-a-gallon fuel if outdated regulations and commercial barriers to competition were removed. Most new cars would require a relatively minor upgrade to become flex fuel cars, and could be modified to do so for as little as $100, allowing them to optimize the use of fuels like ethanol and methanol.
"I am more than pleased that my friend and partner Vinny has so graciously donated to Fuel Freedom Foundation. Vinny is a proven visionary and a leader, and with his support we will continue to build our foundation and succeed in our mission to end our nation's oil addiction," said Eyal Aronoff, Co-Founder of Fuel Freedom Foundation, and Co-Founder of Quest Software. "Gaining Fuel Freedom will impact the whole fabric of our nation for the better. It will create jobs in the burgeoning industry of American made fuels, provide a cleaner environment and reduce health risks for our children, enhance our national security and give a much needed boost to our economy. This is the legacy we can all proudly leave for those who come after us, and I urge every American to follow Vinny's lead and stand with us for Fuel Freedom."
Please visit www.fuelfreedom.org to learn more about how you can join the Fuel Freedom team, get involved, and help end America's addiction to oil.
About Fuel Freedom
The Fuel Freedom Foundation is a nonpartisan, nonprofit organization dedicated to breaking the U.S. economy's oil addiction by powering our cars and trucks with cheaper, cleaner, healthier American replacement fuels. Consumers could easily convert their cars to run on replacement fuels for gasoline, but outdated regulations and entrenched commercial interests stand in the way. The Fuel Freedom campaign aims to remove barriers to competition so that natural gas, methanol, ethanol and electricity can compete on equal footing with gasoline at the pump and at the dealership. Achieving Fuel Freedom will lower fuel prices, create jobs, spur economic growth, reduce pollution, and improve national and global security. For more information go to the Foundation's website at www.fuelfreedom.org; Facebook: FuelFreedomFoundation; and Twitter: @FuelFreedomNow.