LANGLEY, British Columbia, April 17, 2007 (PRIME NEWSWIRE) -- Nitro Lube, Inc. (Pink Sheets:NLUB) announced today it has established new executive offices in the El Paseo Professional Plaza located at 74-090 El Paseo, Suite 200, Palm Desert, California 92260. The new toll free telephone number for NLUB is 1-888-410-6466. Nitro Lube, Inc. further announced that prominent attorney, Mr. Henry Casden of La Quinta, California, has agreed to head up an advisory board for the company. Other members of this board will be announced in the near future. The purpose of this board is to form Nitro Lube U.S.A., Inc. as a wholly owned subsidiary of NLUB and hire management to launch the manufacturing and sales of Nitro Lube's products throughout the United States. Mr. Casden will assist NLUB in its goal to become a Bulletin Board company.
"This is a great step forward on the way to making Nitro Lube, Inc. reach the prominence it deserves in the performance lubricant industry. The United States market is immense and offers us a fantastic opportunity! We welcome Mr. Casden to the Nitro Lube team and eagerly await the announcement of his choice of management for Nitro Lube U.S.A.," stated Jason Rite, President and CEO of Nitro Lube, Inc.
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, Palm Desert, 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-looking 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.