MotorVac Technologies Introduces New Transmission Service System at Automotive Industry Week Show in Las Vegas.LAS VEGAS--(BUSINESS WIRE)--Nov. 4, 1997-- Company Unveils New Automotive Solutions Division MotorVac Technologies (Nasdaq:MVAC MVAC Mississippi Valley Archaeology Center MVAC Motor Vehicle Air Conditioning MVAC Malawi Vulnerability Assessment Committee MVAC Michigan Virtual Automotive College MVAC Milizia Volontaria Anticomunista (WWII) ) Tuesday announced the introduction of its new TRANSTECH Transmission Service System, a portable, "environment-friendly" system designed to make automatic transmission fluid Automatic transmission fluid (ATF) is the fluid used in vehicles with a self shifting or automatic transmission. It is typically colored red to distinguish it from motor oil and other fluids in the vehicle. replacement fast, simple and safe. The new design allows the vehicle's transmission pump to flush out the old fluid while the TRANSTECH system pumps in new fluid, allowing for essentially all of the old fluid to be replaced. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Lee Melody, president and chief executive officer, "The new TRANSTECH system reduces the service time to approximately 10 minutes. The turnkey transmission service system is easy to use and is compatible with most foreign and domestic vehicles, making it a 'must have' for any shop that offers transmission service -- representing approximately 300,000 shops in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada alone." The company also announced the creation of a new Automotive Solutions division to expand its automotive aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. business. The first product to be introduced under the new division is the Carbon Tune Premium Engine Decarbonizing and Fuel System Cleaning Kit, a three-step chemical cleaning kit offered to shops specializing in quick service oil changes. "The Carbon Tune service takes only 10 minutes and includes an air intake aerosol, an engine decarbonizer de·car·bon·ize tr.v. de·car·bon·ized, de·car·bon·iz·ing, de·car·bon·iz·es To remove carbon from; decarburize. de·car and a patented fuel conditioner," stated Melody. MotorVac Technologies, based in Santa Ana Santa Ana, city, El Salvador Santa Ana (sän'tä ä`nä), city (1993 pop. 129,873), W El Salvador. It is the second largest city in the country and the commercial and processing center for a sugarcane, coffee, and cattle region. , Calif., provides proprietary solutions for cleaning internal combustion engines Internal combustion engine A prime mover, the fuel for which is burned within the engine, as contrasted to a steam engine, for example, in which fuel is burned in a separate furnace. from intake to exhaust. The company designs, develops, assembles, markets and sells the MotorVac Carbon Clean System and Industrial Diesel Tune Systems for the diagnosis, maintenance and repair of internal combustion engine fuel systems, primarily for the automotive and truck aftermarket repair and service industry. The MotorVac System is comprised of a fuel system, cleaning machine and proprietary cleaning detergent, and is proven in independent studies to reduce emissions, improve fuel economy and enhance vehicle performance. MotorVac distributors are located in more than 60 other countries worldwide. For further information, visit MotorVac's home page at www.motorvac.com . NOTE: This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. The company intends that such statements shall be protected by 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. , provided for in such sections. In particular, statements regarding future results are subject to the risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in future operating results due to a number of economic, competitive, governmental and technological factors, including, among other things, changes in laws, the size and timing of customer orders, new or increased competition, unexpected increases in expenses, delays in acceptance of new products, product returns, seasonality in product purchases by distributors and end users, and pricing trends in the automotive after-market industry in general and in specific markets in which the company is active. Any of these factors, or others, could cause operating results to vary significantly from prior periods and those projected in the forward-looking statements. Additional information with respect to these and other factors which could materially affect the company and its operations is included in the company's filings with the Securities and Exchange Commission, including its annual report or Form 10K for the year ending Dec. 31, 1996, and any subsequent filings. CONTACT: MotorVac Technologies Inc., Santa Ana Romy Laxamana, 714/558-4822 or Pondel Parsons Parsons, city (1990 pop. 11,924), Labette co., SE Kans.; inc. 1871. It is a shipping point for dairy products, grain, and livestock. Manufactures include ammunition, wire and paper products, plastics, and appliances. & Wilkinson Gary S. Maier/E. E. Wang, 310/207-9300 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion