Torvec Appoints Globe-Lynx Group, Inc. as Market/Country Liaison Agent to China
Torvec Appoints Globe-Lynx Group, Inc. as Market/Country Liaison Agent to China
ROCHESTER, N.Y., Aug. 23 Torvec Inc. (OTC Bulletin Board: TOVC) announced today that it has reached an agreement with the Globe-Lynx Group, Inc. (GLG) to act as its liaison agent for its FTV(TM) and Class 3 and 4 Cab-Over-Engine (COE) trucks in China and Asia. The Agreement marks Torvec's initial entry into the Asian markets. GLG will assess the market for the company's innovative vehicles and seek potential joint venture partners. GLG will visit several regions in China who have shown interest in participating in this exciting opportunity. GLG anticipates that these discussions will occur in approximately ten days. "We selected GLG because of its longstanding network in China and high-level government and industry contacts," said Mike Martindale Chief Executive Officer of Torvec Inc. "We believe that this market will provide an enormous opportunity for our technology." "Based upon our initial contact with our Asian operatives, there is substantial interest in the unique performance characteristics of the FTV(TM) with it's environmental friendly emissions performance and ability to navigate rough terrain," said Dan Barufaldi, Vice President of GLG. "We are quite encouraged by the initial response." About Torvec Inc. Torvec, Inc., based in Rochester, New York, develops advanced automotive technologies that increase transportation safety, mobility, fuel efficiency and reduce soot emissions. Torvec owns the technologies for an Infinitely Variable Transmission that reduces diesel soot emissions, a Fast Tracked Vehicle (FTV(TM)) that goes where no 4x4 can, novel designs of hydraulic pumps and constant velocity joints, and Ice Technology to increase tire traction on ice and de-ice windshields. Torvec's founders invented the famous Torsen(R) differential used in high-performance vehicles. To learn more about Torvec's many technologies and view a video of its FTV(TM), visit http://www.torvec.com. About Globe Lynx Group, Inc. Globe Lynx is an international transportation consultant with strong ties to Asia. Its principals have also served as consultants to the Economic Development Department of the New York cities of Rochester and Jamestown and a number of provinces in the Republic of China. It has been appointed to the U.S. Department of Commerce on Export policies. For more information contact: Jim Gleasman of Torvec at 716-248-8549 or Mathew Henderson, CEOcast, Inc. at 212-732-4300, ext. 225.
Click here |