For Immediate Release
Fuel Performance Solutions Records Record Annual Revenues Of $1.8 Million For 2014
FPS Uplifts And Is Now Listed On The OTC QB Market
ST. LOUIS, February 18, 2015 – Fuel Performance Solutions, Inc. (FPS or the Company) (OTC QB: IFUE) announced today it recorded record revenues of $1.8 million for the fiscal year ended December 31, 2014, an increase of over 150% compared to fiscal year 2013 revenues of $704,000.
FPS also announced today that it has met all requirements and standards and successfully completed its application to uplift and is now listed on the OTC QB Market. The Company previously traded on the OTC Pink Market.
“We are pleased with the development of our business and the continued year over year increases in our revenues,” said Stuart Beath, FPS’s CFO. “The 150% increase in revenues in 2014 over 2013 follows a 100% increase in 2013 over 2012 and a 42% increase in 2012 over 2011.”
Sales of the DiesoLiFT(TM) product line, the Company’s proprietary fuel additive formulations for increasing fuel economy in diesel fuel and bio-diesel fuel blends, increased by almost 800% for fiscal year 2014 compared to fiscal year 2013.
“Our key distribution partners, Unipart, Nordmann Rassmann and Brenntag, continue to be the primary drivers of our record commercial progress,” said Jonathan Burst, FPS’s CEO. “Going forward, we expect to see a continued increase in sales activity from our distribution partners both in existing and new markets, and a continued increase in sales of the Company’s DiesoLiFT(TM) product line.”
About Fuel Performance Solutions, Inc.
Fuel Performance Solutions, Inc., formerly International Fuel Technology, Inc., is a company focused on providing fuel performance solutions to large, industrial consumers of diesel fuel and bio-diesel fuel blends in the rail, road transport, stationary power generation and marine industries.
Safe Harbor Statement
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.
Chief Financial Officer
Fuel Performance Solutions, Inc.
Further information on DiesoLiFT(TM) and the PerfoLiFT(TM) BD-Series may be found at FPS’s website: www.internationalfuel.com.