Our relationship with Multisol exemplifies the success of our commercial strategy of partnering with large, well-known additive and oil companies with established marketing channels and end user accounts
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St. Louis, MO (PRWEB) February 4, 2009
International Fuel Technology, Inc. (IFT) (OTCBB: IFUE) announced that Multisol France ("Multisol") is on track to sell over 250 tons of IFT fuel additive formulations during the first year of its distribution agreement with IFT. Multisol has been realizing recurring revenue from the sale of IFT products to: established fuel additive companies; fuel distributors; bio-diesel producers; lubricant blenders and marketers; and road transport companies.
Internaltional Fuel Technology, Inc. and Multisol signed a manufacturing, marketing and distribution agreement in July 2008. Multisol has distribution rights for IFT fuel additive formulations in France, Spain, Portugal and Belgium. Multisol is part of the Multisol Group (http://www.multisolgroup.com), a prominent international chemical manufacturer and distributor with operations in Europe, the Middle East and Africa.
"Since consummating our manufacturing and distribution partnerships with IFT in July of 2008, we have seen a steady increase in commercial activity related to IFT products," said Philippe Giocanti, Multisol France's Sales and Marketing Director. "We are selling IFT fuel additive formulations to numerous accounts including prominent fuel additive companies who are repackaging the formulations for resale into retail markets. The high level of end user demand and re-buy rates for these products is driving our recurring revenue streams."
"The success we are realizing is a clear indication of the end user benefits IFT products provide," said Mr. Giocanti. "We are realizing revenues from the sale of all IFT products and in particular expect sales of DiesoLIFTTM BD-3 to ramp up significantly in 2009."
DiesoLIFTTM BD-3 is IFT's proprietary fuel additive formulation for use with bio-diesel fuel blends. DiesoLIFTTM BD-3, like all IFT additive formulations, is REACH compliant. REACH (The Registration, Evaluation and Authorization of Chemicals) is the system developed by the EU (European Union) to manage the marketing and use of chemical substances in Europe.
"Our relationship with Multisol exemplifies the success of our commercial strategy of partnering with large, well-known additive and oil companies with established marketing channels and end user accounts," said Axel Farhi, IFT's Director of Global Business Development. "The added benefit of having a European option to manufacture our products is an important development for IFT as we continue to increase our commercial presence on the European continent."
About International Fuel Technology
International Fuel Technology, is a fuel performance enhancement company focused on the bulk sale of its proprietary technologies to large, industrial consumers of diesel fuel and bio-diesel fuel blends in the rail, stationary power generation and road transport industries through established industry distribution partners.
Safe Harbor Statement
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.
Chief Financial Officer
International Fuel Technology, Inc.
Further information on DiesoLIFT™ may be found at IFT's website at: http://www.internationalfuel.com
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