International Fuel Technology, Inc. (IFT) (OTCQB: IFUE) announced today that with recent additions in the U.K., the Company’s worldwide sales force now numbers 26 people excluding distribution partner sales forces.
“The reach and credibility of our fuel additive technologies continue to grow in the marketplace,” said Jonathan Burst, IFT’s CEO. “We are at a point in our commercial development where we can efficiently capitalize on our growing successes by bringing aboard more sales personnel. More sales personnel dedicated to the sale of our breakthrough fuel performance products will generate more revenues for IFT.”
Of particular significance, the Company’s U.K.-based sales team, Environmental Fuel Technology, Inc. (“EFT”) (
) has grown considerably since the fourth quarter of 2013. Due to the efforts and industry contacts of EFT sales associates and agents, EFT currently has numerous clients and many other prospects expected to become clients in the first two quarters of 2014.
“DiesoLiFT is the ideal fuel performance solution product in the U.K.,” said Martyn Lodge, EFT’s CEO. “The product increases fuel economy by over 5%, which provides for an even greater value capture in the U.K. given the high price of our fuel, and reduces harmful emissions (greenhouse gases). Protecting the environment and reducing carbon footprints is a critical component to the operating strategy of every commercial user of diesel fuel in the U.K.”
Mr. Lodge continued, “We are calling on most of the large bus, truck and off road fleet operators in the U.K. We are and will continue to be successful selling DiesoLiFT in the U.K.”
Jonathan Burst added, “We are happy to have Martyn and EFT as part of the IFT team. Martyn has assembled a motivated team of industry professionals committed to selling IFT products. Martyn has a long and successful career of developing, managing and motivating sales personnel to achieve at a high level.”