Ethos Environmental, Inc. Exclusive Deal to Supply Ecuador's State-Owned Oil Company PetroEcuadorWednesday December 20, 2006 9:00 am ET
SAN DIEGO, CA--(MARKET WIRE)--Dec 20, 2006 -- Enrique de Vilmorin, CEO of the publicly traded San Diego-based company Ethos Environmental, Inc. (OTC BB:ETEV.OB - News) a manufacturer and distributor of a unique line of fuel reformulating products, announced today that the company has received product certification for their Ethos Fuel Reformulator (Ethos FR®) from the state-owned oil company of Ecuador, PetroEcuador.
This will enable Ethos to be the exclusive worldwide supplier for PetroEcuador and its affiliate companies.
The ensuing testing protocol applied EthosFR® in various public bus companies in Quito, Ecuador's capital city and Guayaquil, Ecuador's largest city for a period of twelve months. The results showed a significant reduction in toxic emissions, a measurable reduction in fuel usage, as well as increased engine efficiency in all treated vehicles.
In the final step of the certification process, the product was tested in the refinery laboratory of Petroecuador's affiliated company, Petroindustrial, located in the Esmeraldas refining complex. After chemical and usage testing for more than three months, the lab concluded that EthosFR® reduces atmospheric contaminating gases, increases engine efficiencies and is important in the reduction of fuel usage.
Mr. de Vilmorin commented, "As well as contributing in the fight against global warming, Ethos Environmental, Inc. expects to generate sales of more than $40 million annually from this agreement, increasing to more than $60 million by the end of 2007."
A country rich in agricultural and industrial attributes, Ecuador is a substantial exporter in the world market. As a constantly developing country, Ecuador has focused on environmental issues and has taken measures to maintain the quality of living throughout the nation. The Ecuadorian government has adhered to the idea of environmental preservation through their continued support of groups such as the Charles Darwin Foundation and The Jacques-Yves Cousteau Society in the Galapagos Islands. A self-declared humanitarian, President-elect Rafael Correa has taken a stand in favor of environmental development and has been supportive of plans dedicated to improving the unique characteristics of Ecuador.
For more on Ethos Environmental, Inc. go to: hhttp://www.4planetearth.com/reducefuelcost.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment