LANGLEY, British Columbia, March 29, 2007 (PRIME NEWSWIRE) -- Jason Rite, President and CEO of Nitro Lube, Inc. (Pink Sheets:NLUB) issued a brief shareholder update today. In his report he stated, "Those shareholders entitled to the dividend shares of Easy Phone, Inc. should have received them by now. The certificates were mailed on March 21, 2007. We would like to thank those shareholders who sent in their e-mail addresses to info@theeasyphone.com. They will have the advantage of instant e-mail regarding that company's progress."
Mr. Rite continued, "Nitro Lube's website's ability to accept credit card orders continues to progress. Provided there are no glitches, we still expect it to open on our target date of March 31st. We encourage our shareholders to visit the site on that day and order our great products."
He added, "We are continuing to work with Lyna Mfg. on the final packaging and labeling of 'Nitro Seal' and expect to have the product on our website by the end of April this year."
Mr. Rite further mentioned that many positive things are happening with Nitro Lube and he will continue to update shareholders as events unfold by news releases.
About Nitro Lube, Inc.
Nitro Lube, Inc. is engaged in the business of manufacturing and worldwide marketing of ultra performance lubricants and fuel conditioners designed to perform in extreme temperatures. All products produced and sold by NLUB contain the revolutionary "PMF 2000" formula. Nitro Lube, Inc. has offices in Langley, BC; Las Vegas, NV; and, Indian Wells, CA. Nitro Lube, Inc. maintains a website at: http://www.nitrolube.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.