ST. LOUIS, March 21, 2005 (PRIMEZONE) -- International Fuel Technology Inc. (OTCBB:IFUE), a fuel science and research company, today announced that it will host a delegation of energy officials from the U.S. Department of Commerce, the Philippines and Indonesia from March 21 to March 23. The delegates will tour the laboratories of Southwest Research Institute, which has tested and verified the efficacy of IFT's fuel additives, and Tomah3 Products, which manufactures the company's products.
Delegates will include:
U.S. Department of Commerce
-- Andrew Collier, Senior International Energy Specialist,
U.S. Commercial Service, International Trade Administration
-- Paul D. Churchill, Director, Milwaukee U.S. Export
Assistance Center
-- Daniel Rodriguez, Director, San Antonio U.S. Export
Assistance Center
Philippines Department of Energy
-- Ms. Raquel S. Huliganga, Director for Energy Research
and Testing Laboratory
-- Ms. Zenaida Monsada, Director of the Oil Industry
management Bureau
-- Mr. Mario Marasigan, Assistant Director, Energy
Utilization Management Bureau for the Philippines
Indonesian State Electricity Corporation
-- Mr. Bagus Setiawan, on behalf of Mr. Ali Ibrahim, Director
of Generation & Primary Energy
CIIF Oil Mills Group (Philippines)
-- Mr. Daniel M. Coronacion, Director
Rizal Commercial Banking Corporation (Philippines)
-- Mr. Ruy Y. Moreno, Vice President and Executive Assistant
to the Executive Vice Chairman & CEO
PT. APRENI PRATAMA Ocean Line (Indonesia)
-- Mr. Tatang Surjadinata, Chief Technical Department
Lemigas (Indonesia)
-- Mr. Rasdinal Ibrahim, Senior Scientist on Process
Technology Research Program Group
-- Mr. Widjoseno Kaslan, Senior Scientist on Product
Application Technology Research Program Group
"The Commerce Department's Commercial Service works to help U.S. small and medium-sized firms export, and we look forward to working with IFT to help them tap new global opportunities," said Andrew Collier, Trade Specialist for Global Trade Programs, Foreign Commercial Service, U.S. Department of Commerce.
"As the commercialization of our products becomes a reality in regions throughout the world, distribution partners and major end users are verifying that we have the production capacity and quality controls required to meet their expected demand on a timely basis," said Jonathan Burst, CEO of International Fuel Technology. "In addition, our commercial partners want to view the results of our products first hand and discuss the widespread applications for their use."
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.