EMTA Holdings Signs Final Agreement to Expand Synergen(TM) Production in Africa
2008年6月10日 - 10:30PM
PRニュース・ワイアー (英語)
COMPANY SIGNS EXTENDED FIVE YEAR, $75 MILLION AGREEMENT WITH COOD
RESOURCES INTERNATIONAL, LTD SCOTTSDALE, Ariz., June 10
/PRNewswire-FirstCall/ -- EMTA Holdings, Inc., (OTC:EMHD) (BULLETIN
BOARD: EMHD) , an energy and fuel conservation company and maker of
XenTx(TM), Synergyn(TM) and other engine treatment and fuel
efficiency products, today announced that it had signed an extended
agreement with Cood Resources under which Cood is the sole
distributor of the Synergen(TM) line of lubricants for Western
Africa. This is a $75 million agreement with $15 million in orders
per year over 5 years. The agreement continues a longstanding
relationship between Dyson Properties and Cood Resources, which has
purchased Synergyn(TM) products for the past five years and has
increased the sales volume each year. Dyson will be the consultant
on the design and construction of the Lagos blending plant, which
will make products to be sold in Nigeria and surrounding countries.
EMTA and Cood project that sales from this plant will reach an
annual rate of $75 million within 10 years. "This volume of sales
will make our plant very profitable for the foreseeable future and
the Synergyn(TM) products are extremely competitively priced in
Nigeria," said EMTA Chief Executive Officer Edmond Lonergan. "For
EMTA, the benefits will be two-fold. One is the direct equity stake
held by our subsidiary Dyson Properties. The other is a foothold
for one of our core brands in a region with a fast-growing
population and the long-term potential for substantial economic
growth." Dyson Properties' Synergen(TM) products include
high-performance engine oils, gear lubricants, additives and
transmission fluid. Dyson was acquired by EMTA on January 1, 2007.
About EMTA Holdings EMTA Holdings, Inc., 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), CleanBoost(TM)
and Fusion Lubricants 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/. 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. CONTACT: Larry Downs
Director of Communications Equiti-trend Advisors 800-585-6988 Or
Paula C. Wright VP IR/PR/Media EMTA Holdings, Inc. 480-222-6222
DATASOURCE: EMTA Holdings, Inc. CONTACT: Larry Downs, Director of
Communications of Equiti-trend Advisors, 1-800-585-6988, , for EMTA
Holdings, Inc.; or Paula C. Wright, VP IR|PR|Media of EMTA
Holdings, Inc., +1-480-222-6222, Web site: http://www.emtacorp.com/
http://www.xentx.com/
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