SOURCE: EMTA Holdings, Inc.
December 30, 2008 08:35 ET
EMTA Holdings, Inc. Receives $150,000 Cash Payment for Tier 1 (211B) Diesel Test Data
SCOTTSDALE, AZ--(Marketwire - December 30, 2008) - EMTA Holdings, Inc. (OTCBB: EMHD), an
industrial / commercial energy conservation and solutions company, and
maker of XenTx™ and Synergyn™ engine treatment products and related
diesel fuel efficiency products, announced today that its wholly owned
subsidiary, White Sands, LLC, has completed the sale of its Tier 1 (211B)
Test Data to a manufacturing company that specializes in fuel
additive-based products.
"This Test Data, which relates to the actual increased efficiency and fuel
economy produced by certain technologies owned by EMTA Holdings and its
White Sands subsidiary, would cost a company approximately $1,000,000 to
duplicate, and likely 18 months to complete," according to Ed Lonergan,
President and CEO of EMTA Holdings. "This is the primary reason the U.S.
EPA has developed a process whereby test data can be shared between
companies. If companies opt not to share their data, the EPA has
established a method of binding arbitration to ensure cooperation between
potential rivals."
EMTA Holdings was initially contacted by attorney David Johnson of Ruden
McClosky. Mr. Johnson negotiated the terms of the agreement with EMTA on
behalf of this manufacturing company, which has asked EMTA Holdings to keep
its identity confidential for now. EMTA anticipates that licensing of
additional EMTA products and/or technologies may develop in the coming
months.
"This unsolicited sale of our Tier 1 Test Data to this manufacturer awards
them a strong marketing advantage of their product to their targeted
commercial and industrial customer base," added CEO Lonergan. "This
transaction is also further proof positive that EMTA's diesel fuel additive
technology is world class. We expect that additional diesel fuel-oriented
companies will be interested in negotiating similar agreements, creating a
potentially strong revenue stream beneficial to our bottom line in 2009,
and beyond."
ABOUT EMTA HOLDINGS:
EMTA Holdings, Inc. (OTCBB: EMHD) develops and manufactures innovative
products and additive technologies to conserve energy and enhance fuel
economy and efficiency. EMTA's technologies are particularly beneficial for
petroleum-based fuels. The Company's engine and fuel additives are marketed
under the brands the XenTx™, Synergyn™ and CleanBoost™ brands, and
are sold through industrial, commercial and retail channels. EMTA's various
branded products 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.
FORWARD-LOOKING STATEMENTS:
This press release discusses certain matters that may be considered
"forward-looking" statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, including statements regarding the
intent, belief or current expectations of EMTA Corp. ("the Company") and
its management. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance and
involve a number of risks and uncertainties that could materially affect
actual results such as, but not limited to: the ability of the Company to
raise necessary capital; to attract and retain effective management; the
lack of viable commercial applications or the failure of third-party
contractors to perform their contractual obligations. Prospective investors
are also referred to the other risks identified from time to time in the
Company's reports and registration statement filed with the Securities and
Exchange Commission.