BDO Seidman Retained and New Board Member Announced for International Fuel Technology.Business Editors ST. LOUIS--(BUSINESS WIRE)--March 13, 2000 International Fuel Technology Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :IFUE) (IFT IFT Institute of Food Technologists IFT Institut für Fenstertechnik (German: Institute for Window Technology) IFT Illinois Federation of Teachers IFT Integrated Flight Test IFT Interfacial Tension IFT Institute for Tropospheric Research ) today announced that it has retained BDO Seidman BDO Seidman, LLP is the United States arm of BDO International, one of the largest accounting firms outside of the Big Four. History BDO Seidman, LLP was founded as Seidman and Seidman in New York City in 1910 by Maximillian L. Seidman. LLP LLP - Lower Layer Protocol to perform its annual audit work as well as related Securities and Exchange Commission filings. All work performed by BDO Seidman for the company will be coordinated out of its St. Louis office. "We wanted to find an auditing firm that could provide the service and expertise needed by a company at our stage of development, and BDO Seidman is the perfect fit for us. I cannot say enough about the responsiveness and professionalism they have shown already in our relationship," stated William Lindenmayer, president of IFT. As part of BDO BDO Big Day Out (Australian music festival) BDO Banco de Oro (Philippines) BDO 1,4-Butanediol BDO British Darts Organisation BDO Block Development Officer BDO Big Dumb Object Seidman's immediate efforts, the company has changed its year end to Dec. 31, effective for the year just ended. The company expects to have its audit and corresponding 10-K completed in time to meet the SEC filing requirements. The company also announced that Harry F. Demetriou has been appointed to the board of directors to fill the seat recently vacated by the resignation of Dan Willis. "Harry Demetriou brings a significant set of skills and contacts to the company that will be instrumental to helping the company achieve its goals. He is an important asset and we expect his impact to be immediate and meaningful," according to Jonathan Burst, chief executive officer. Statements contained in this release that are not strictly historical are forward-looking within the meaning of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. clause of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. 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, demand for the company's product both domestically and abroad. The company's ability to continue to develop its market, general economic conditions, and other factors may be more fully described in the company's literature and any periodic filing with the SEC. |
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