HAMMOND, Ind., March 22, 2016 (GLOBE NEWSWIRE) -- HydroPhi Technologies, Inc. (OTC:HPTG) subsidiary Pro Star Freight Systems, Inc. (“Pro Star” or “Company”) announced today the addition of nineteen trucks to its long haul freight fleet. With this addition the Company continues to expand its already robust equipment fleet for the purpose of further capitalizing on the commercial freight market in the southeastern United States. The additional revenue generated by the trucks could exceed $3 Million annually.
“The addition of these nineteen additional long haul trucks directly serves to bolster Pro Star’s existing operations in the southeastern United States,” said Nikola Zaric, founder of Pro Star Freight Systems, Inc. “The Company is allocating resources to strengthen our position in this high-traffic territory in which we see great potential for existing and new business. We are confident on our ability to execute our strategy for sustained growth in the coming quarters.”
HydroPhi Chairman and CEO, Roger M. Slotkin’s comments on this transaction: “Mr. Zaric and the entire Pro Star team have diligently worked to grow and improve the operations of the company. From our new location for operations in Indiana to these additions to our fleet, our sites are focused at continuing to grow the company geographically and logistically.”
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About Pro Star Freight Systems, Inc.
Pro Star is a Mid-Western based, long haul freight transportation company serving the continental United States. With dispatch operations in Bensenville, Illinois, Belgrade Serbia and Niš Serbia, and truck service centers in Indiana and Illinois, the company services and manages a fleet of more than 150 trucks.
About HydroPhi
HydroPhi Technologies Group, Inc. (HPTG) is a developer of water-based hydrogen fuel production systems. The Company's technology isn't a fuel cell, nor is it a hydrogen alternative to traditional hydrocarbon fuels. The system utilizes distilled water for the production of hydrogen and oxygen, which is then injected into the air intake of an engine utilizing carbon-based fuels such as diesel, unleaded gasoline and natural gas. HPTG's technology, (HydroPlant™) has been company tested with resulting reduced vehicle operating costs by improved fuel efficiency up to 20%, while lowering greenhouse gas emissions up to 70%. By using an on-board, on-demand electrolysis system to separate hydrogen and oxygen from water, the technology eliminates the need for high-pressure hydrogen storage or hazardous chemicals while producing a stable, inexpensive alternative fuel source. By offering a real-time monitoring system as part of a hydrogen fuel solution with retrofit capability into standard vehicle engines, HPTG provides fuel efficiency to a potentially broad spectrum of users, including logistics, trucking, heavy equipment, marine and agriculture. Additional information about the Company and the technology is available at: www.hydrophi.com.
Forward-looking Statements
The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations.