REDFORD, Mich., Sept. 30, 2008 (GLOBE NEWSWIRE) -- Alternative Fuel Technologies Inc. (Pink Sheets:AFTC) is pleased to announce that OutcastTrader.com, a highly specialized provider of market intelligence and strategic advisory services for the capital markets, has initiated coverage on the company.
"As we push forward with previously stated goals of becoming the global leader in DME fuel system technology and manufacturing, Alternative Fuel Technologies Inc. has deemed it imperative to align itself with organizations capable of optimally relaying our story to the investment community. We are excited to partner with OutcastTrader.com to help increase and expand our investor relations program as well as our exposure to the alternative energy marketplace. We look forward to a longstanding and mutually rewarding relationship," said AFTC CEO James C. McCandless.
Outcast analyst says, "Due to the company's position as an emerging global leader in an infant marketplace poised to soon become one of the world's largest clean energy industries, we feel that AFTC represents a unique and compelling ground-level investment research opportunity."
Cumulatively, the OutcastTrader.com team has amassed more than 30 years of experience across a wide variety of business areas including strategic market analysis and securities trading, corporate research, technology consulting, and direct mail/internet marketing. OutcastTrader.com is strongly devoted to the research and analysis of the often-overlooked intricacies and nuances of emerging small cap organizations. Through comprehensive research reports and frequent Internet research updates, OutcastTrader.com is able to provide the most thorough coverage of the small and micro-cap markets.
About the Company:
Alternative Fuel Technology Inc. is a research & development organization engaged in the design, development and prototype manufacturing of advanced fuel systems for use with a new alternative fuel -- dimethyl either (DME). AFTC has developed practical, low-cost fuel injection equipment for DME fueled vehicles and currently provides complete DME fuel systems for testing and research purposes in addition to retrofit systems that can be used with most diesel engines. The company's ultimate goal is series production of DME fuel systems for the global automotive market by 2011.
Safe Harbor Statement: Statements contained in this release, which are not historical facts, including statements about plans and expectations regarding business areas and opportunities, acceptance of new or existing businesses, capital resources and future business or financial results are "forward-looking" statements. You should not place undue reliance on these forward-looking statements. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, customer acceptance of our products, our ability to raise capital to fund our operations, our ability to develop and protect proprietary technology, government regulation, competition in our industry, general economic conditions and other risk factors which could cause actual results to differ materially from those projected or implied in the forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this press release to conform these statements to actual results or to changes in our expectations, except as required by law.
Further information on Alternative Fuel Technologies Inc. is available at: http://www.altfueltechnology.com/ and http://www.outcasttrader.com