As previously announced, Alternative Fuel Technologies, LLC (PINKSHEETS: AFTC) has entered into the fields of Green Energy and Alternative Fuel that are earning a great deal of media attention. Alternative Fuel Technologies is a development stage manufacturing company that is currently focused on product development R/D and selling advanced prototypes to customers. Its major products are DioMethyl Ether (DME) fuel injection systems and related equipment, but it is also developing advanced diesel fuel injection systems for the military that will operate on jet fuel. DME is an ultra-clean diesel fuel replacement that can be manufactured at low cost from many sources, including renewable materials (biomass, waste and agricultural products) and fossil fuels (natural gas and coal).

The company has experienced significant success in selling their prototypes, which is evidenced by its recent sales and ongoing relationships with entities as substantial as the US ARMY and the Korean Institute for Energy Research (KIER). Additionally, AFTC has been retained by the Ford Motor Company (of Europe).

As President Jim McCandless recently stated, "Economic and Political trends have converged to provide great opportunity in the area of alternative fuels and related technologies and we believe this convergence will continue to positively impact AFTC's future growth potential."

Today, the cost of producing DME is only 1/4 to 1/2 that of diesel fuel produced from crude oil, depending on the feedstock utilized. AFTC and many others believe that DME can and will significantly reduce fuel costs, not to mention provide clean, environmentally friendly energy. According to the DME Association, the qualities that DME possesses make it "a versatile and promising solution in the mixture of clean renewable and low carbon fuels under consideration worldwide." Alternative Fuel Technologies offers this Corporate update and summation of previously reported successes to reinforce shareholder confidence and communicate the company's commitment to its future.

About AFTC:

Alternative Fuel Technology Inc. is a research & development organization engaged in the design, development and prototype manufacturing of advanced fuel systems for use with a new alternative fuel -- dimethyl either (DME). AFTC has developed practical, low-cost fuel injection equipment for DME fueled vehicles and currently provides complete DME fuel systems for testing and research purposes in addition to retrofit systems that can be used with most diesel engines. The company's ultimate goal is series production of DME fuel systems for the global automotive market by 2011.

Safe Harbor Statement: Statements contained in this release, which are not historical facts, including statements about plans and expectations regarding business areas and opportunities, acceptance of new or existing businesses, capital resources and future business or financial results are "forward-looking" statements. You should not place undue reliance on these forward-looking statements. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, customer acceptance of our products, our ability to raise capital to fund our operations, our ability to develop and protect proprietary technology, government regulation, competition in our industry, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this press release to conform these statements to actual results or to changes in our expectations, except as required by law.

Further information on Alternative Fuel Technologies Inc. is available at: http://www.altfueltechnology.com/

CONTACT: InvestSource, Inc. Investor Relations: 714-847-2460 Email Contact

Alternative Fuel Technol... (PK) (USOTC:AFTC)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024 Alternative Fuel Technol... (PK) 차트를 더 보려면 여기를 클릭.
Alternative Fuel Technol... (PK) (USOTC:AFTC)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024 Alternative Fuel Technol... (PK) 차트를 더 보려면 여기를 클릭.