Tide Water Oil Company (India) Ltd Makes Add on Bulk Purchase of International Fuel Technology, Inc.’s DiesoLIFTTM 10
ST. LOUIS--International Fuel Technology, Inc. (“IFT”) (OTCBB: IFUE) announced that Tide Water Oil Company (India) Ltd (“Tidewater”) made another purchase of IFT’s DiesoLIFTTM 10. Tidewater makes bulk purchases of DiesoLIFTTM 10, repackages the product under their own label and sells the product to its customers. To date, Tidewater’s marketing efforts for DiesoLIFTTM 10 has been with power generation set users, tractor operators in the agricultural industry and retail distribution outlets in India.
Tidewater (www.tidewaterindia.com) is a leading manufacturer and marketer of automotive and industrial lubricants in India. Established in 1928, Tidewater has five manufacturing facilities in India and a Pan Indian distribution network.
“We’ve had a successful roll out of DiesoLIFTTM 10,” said Mr. R. N. Ghosal, Executive Director of Tide Water Oil Company (India) Ltd. “The product has been well accepted by our channel partners and end user customers. We are very encouraged by the progress we are making and expect continued growth of this product in the future.”
“We have a full-time representative working for us in India and are committed to succeeding in that market,” said Gary Kirk, IFT’s Director of Sales and Marketing. “Tidewater’s successful roll out of DiesoLIFTTM 10 is a clear indication that our efforts are paying off.”
DiesoLIFTTM 10 is IFT’s proprietary fuel additive formulation for use with diesel fuel and bio-diesel fuel blends. The product has consistently demonstrated the ability to significantly increase fuel economy and reduce harmful emissions.
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.
Further information on DiesoLIFT™ may be found at IFT’s website at: www.internationalfuel.com