RONKONKOMA, N.Y., March 31, 2004 (PRIMEZONE) -- Trans Max Technologies, Inc. (OTCBB:TMXT), is pleased to announce test results for their Perma-Tune, Inc. divisions for their Plasmatronics Plasma Drive Ignition System.
The Plasmatronics Plasma Drive Ignition was recently tested by an independent third party engine builder. This engine builder provides engines to the racing performance industry and is typical of the approximately 3,950 race engine builders that are members of the Racing Performance Industry Association. The company is entering the arena to capture a significant share of the ignition market in this $16.45 billion retail sales industry.
Engine dynamometer testing showed a consistent increase in torque of 5% and 6% in horsepower. Said Lonnie Lenarduzzi, chief scientist for Plasmatronics, "Aside from the increase in maximum horsepower and torque we achieved with the Plasma Drive Ignition, the most significant achievement was an increase of 400 RPM in the peak torque band of the engine. The gains documented during engine dynamometer tests were confirmed during our track testing of the engine."
Perma-Tune and the Performance Engine Manufacturer are currently negotiating a contract to supply the Plasmatronics ignition for all of their engines.
Trans Max Technologies, Inc. and its wholly-owned subsidiary Perma-Tune Electronics, Inc. through its Plasmatronics division is a developmental Company engaged in the automotive and marine electronics industry and has several cutting edge products that were recently introduced at the Miami International Boat Show. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "will," "anticipated," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. Trans Max Technologies Inc. takes no obligation to update or correct forward-looking statements and also takes no obligation to update or correct information prepared by third parties which is not paid for by the Company.