LANGLEY, British Columbia, Aug. 28, 2007 (PRIME NEWSWIRE) -- Nitro Lube, Inc. (Pink Sheets:NLUB) today announced that Nitro Lube Canada, Inc. has added SMI Industrial Electronics (http://www.smi-elec.com/) of Langley, BC as it's newest distributor. Jason Rite, CEO of Nitro Lube Canada stated, "Adding another quality company like SMI Industrial Electronics to our distinguished and growing list of customers will have a tremendous impact on Nitro Lube Canada's sales." Rite added, "Indications of future and current order status from our customer list leads me to project sales of approximately US$1.8 million over the next four quarters. These customers include SMI Industrial Electronics, Performance Parts Center, Raider Hansen (http://www.raiderhansen.com/), Colt Cams (http://www.coltcams.com/), Hot Rod Corner (http://hotrodcorner.com/) and the eighty retail locations of Lordco Auto Parts (http://www.lordco.com/)."
About Nitro Lube, Inc.
Nitro Lube, Inc. is a marketing and holding corporation, organized under the laws of the state of Nevada on March 22, 1996. Nitro Lube, Inc. currently owns 100% of Nitro Lube Canada, Ltd. (a Canadian corporation) and Nitro Lube USA, Inc. (a Nevada corporation), both of whom are engaged in the business of manufacturing and worldwide marketing of high tech lubricants and fuel conditioners. All products, produced and sold by Nitro Lube, contain the revolutionary "PMF2000" formula. Nitro Lube, Inc. has offices in Langley, B.C., Canada and Palm Desert, California, U.S.A. The company's subsidiaries maintains websites at: http://www.nitrolube.com and http://www.nitrolubeusa.com.
This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Nitro Lube, Inc., and members of management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those contemplated by such forward-looking statements. These risks and uncertainties include, among other things, volatility of market prices, product demand, market competition, risks inherent in the Company's international operations, and the Company's ability to expand. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.