LANGLEY, British Columbia, Sept. 19, 2006 (PRIMEZONE) -- Nitro Lube, Inc. (Pink Sheets:NTLB) announced that Larry Bonafide (63) of Indian Wells, California, has accepted an appointment to the Board of Directors and election to the office of Secretary/Treasurer of the corporation. Mr. Bonafide will oversee all U.S.A. operations of Nitro Lube, Inc. He is a retired business development and procurement executive having a career that spanned forty years in senior management positions with Marriott Corporation (MAR), ChevronTexaco Corporation (CVX), U S Foodservice and Stouffer Restaurants and Inns (NSRGY). He remains active as an independent Business Development consultant. Mr. Bonafide majored in hotel and Restaurant Management at the Pennsylvania State University.
"Nitro Lube is very fortunate to have found such a qualified individual to launch its United States operation. We are proud to welcome Mr. Bonafide to this important post in Nitro Lube's management," stated Jason Rite, President and CEO.
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 NTLB contain the revolutionary "PMF 2000" formula. Nitro Lube, Inc. has offices in Langley, BC, Las Vegas, Nevada and Indian Wells, California. The company maintains a website at: 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.