SOURCE: Ethos Environmental, Inc.
May 08, 2008 10:09 ET
New Colombia Deal Expands Latin American Market for Ethos Environmental
Major New User Will Bring Benefits of Ethos FR to Colombian Environment
SAN DIEGO, CA--(Marketwire - May 8, 2008) - Ethos Environmental, Inc. (OTCBB: ETEV), a
San Diego-based company, has just completed its first shipment in
fulfillment of a substantial new agreement with Interaseo, S.A., a leading
waste removal company operating in Medellin and several other large
Colombian cities. The deal, which was finalized through the efforts of
Ethos marketing arm For Earth, Inc., and Ethos Colombian distributor
COSEICO, marks a significant expansion for Ethos Environmental into the
Colombian market.
Medellin (pop. 3.2 million), like other Colombian cities, struggles with
significant air pollution problems and the detrimental effect on human
health. After an extensive four-month testing process, Interaseo was able
to verify dramatic reductions in fleet emissions with the use of Ethos Fuel
Reformulator®.
In announcing the agreement, COSEICO director Guillermo Alzete expressed
confidence that the initial implementation in Medellin will be followed in
several more cities where Interaseo operates. According to Alzete,
"Interaseo is a leader in the Colombian waste removal industry. This is an
important step for the Colombian environment and for the Colombian people."
As a signatory to the Kyoto Protocol, Colombia faces the challenge of
balancing one of Latin America's most robust economies (6.5% growth in
2007) against the need to reduce carbon emissions and protect the
environment. COSEICO anticipates a growing role for Ethos FR® in meeting
that challenge.
Ethos FR® is an ester-based fuel reformulating product that reduces
harmful emissions while improving both fuel mileage and engine performance.
Ethos FR®'s ability to integrate easily with existing fueling
infrastructures makes it both an effective and realistic pro-environmental
step that can be implemented by municipalities of all sizes.
For additional information, please visit www.ethosfr.com.
About Ethos Environmental, Inc.
Ethos Environmental, Inc. (OTCBB: ETEV), a San Diego-based corporation, is
the manufacturer of award-winning fuel reformulating products that help
industries meet environmental regulations and relieve skyrocketing fuel
costs. By using Ethos FR®, commercial vehicles can increase fuel mileage
between 7 percent and 19 percent while reducing harmful emissions by more
than 30 percent. For more information about Ethos Environmental, Inc.,
visit www.ethosfr.com.
Forward-Looking Statements
Except for statements of historical fact, this news release contains
certain "forward-looking statements" as defined by the Private Securities
Litigation Reform Act of 1995, including, without limitation, expectations,
beliefs, plans and objectives regarding future activities. Such
forward-looking statements involve known and unknown risks, uncertainties
and other factors, which may cause the actual results, performance or
achievements of Ethos Environmental to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include general economic and
business conditions, the ability to acquire and develop future assets, the
ability to fund operations and changes in consumer and business habits and
other factors over which Ethos Environmental, Inc., or any affiliates, has
little or no control.