EMTA Holdings, Inc. Receives Cash Payment for TIER 1 (211B) Test Data
26 Dezembro 2008 - 4:06PM
PR Newswire (US)
SCOTTSDALE, Ariz., Dec. 26 /PRNewswire-FirstCall/ -- EMTA Holdings,
Inc. (OTC:EMHD) (BULLETIN BOARD: EMHD) , an energy and fuel
conservation company, maker of XenTx, Synergyn, engine treatment
and diesel fuel efficiency products and an industrial/commercial
solutions company, announced that its wholly owned subsidiary,
White Sands, LLC has completed the sale of its Tier 1 (211B) Test
Data to a fuel additive manufacturing company. EMTA was initially
contacted by an attorney from the company, David Johnson of Ruden
McClosky, who then negotiated the terms and agreement with EMTA.
Licensing of additional EMTA's products to this company may develop
in the coming months. Edmond Lonergan, Pres/CEO states, "This
unsolicited sale of our Tier 1 test data to this manufacturer will
create a strong marketing advantage of their product to their
commercial and industrial customer base. I believe this, is proof
positive that our diesel fuel additive technology is world class."
"The cost today to duplicate this testing would be approximately
$1,000,000 and would take up to 18 months. This is the primary
reason the EPA has developed a process whereby test data can be
shared between companies. If companies do not want to share their
data, the EPA has established a method of binding arbitration to
ensure cooperation between potential rivals." Mr. Lonergan added,
"For this reason, we expect that other diesel fuel additive
companies will be interested in negotiating similar agreements
creating a potentially strong revenue stream beneficial to our
bottom line." About EMTA Holding, Inc: EMTA Holdings, Inc., (OTCBB:
EMHD - News) develops and manufactures innovative products to
conserve energy, particularly for petroleum-based fuels. The
Company's engine and fuel additives are marketed under the brands
XenTx(TM), Synergyn(TM) and CleanBoost(TM) brands, and are sold
both to commercial and retail customers. They are available from
key distributors, major automotive retailers and online at
http://www.emtacorp.com/store. For additional information on EMTA
products, please visit http://www.xentx.com/. Paula C. Wright VP
IR/PR/Media EMTA Holdings, Inc. 480-222-6222 DATASOURCE: EMTA
Holdings, Inc. CONTACT: Paula C. Wright, VP IR/PR/Media of EMTA
Holdings, Inc., +1-480-222-6222, Web Site:
http://www.emtacorp.com/store http://www.xentx.com/
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