I know... another damn person touting and pumping another penny stock. Well BULLSHIT! This company has just signed a multi- million dollar contract with a South Korean company to sell their diesel fuel additive.
I am from Baltimore and have some good insight with this local company. They are about to land more large contracts and this news is coming out in next few weeks.
Alkane to Distribute Monster Diesel in South Korea
7:34a ET December 9, 2010 (Business Wire)
Alkane, Inc. (Pinksheets:ALKN) is pleased to announce that it has entered into an agreement to distribute Monster Diesel(TM) in South Korea. The agreement grants Mervita, LLC. exclusive distribution rights of Monster Diesel(TM) in South Korea for five years. As part of the agreement, Mervita, LLC. has committed to purchase a minimum of $11.5 million of Monster Diesel(TM) over the next five years. They have initially purchased $50,000 of Monster Diesel(TM), which is scheduled to ship to Mervita, LLC. by the end of December.
Mervita, LLC. tested Monster Diesel(TM) on 100 diesel vehicles in South Korea and noted results of an average of 9% increase in fuel mileage. Monster Diesel(TM) decreases total emissions by 23%, reduces raw hydrocarbons by 10.2% with a 38% reduction of soot, altering common diesel air pollution into a more environmentally friendlier diesel.
Mervita, LLC. becoming the first international distributor of Monster Diesel(TM) is happening at the perfect time. This past weekend, President Obama announced a newly sealed trade deal with South Korea as a landmark agreement that promises to boost the domestic auto industry, the largest since the North American Free Trade Agreement with Canada and Mexico in 1994.
With a population of 33 million, South Korea is a prime location to internationally launch the Diesel Fuel Additive Monster Diesel(TM). South Korea is a gateway to Japan, the World's second largest economy, and three out of four of the rapid growing BRIC countries.
"We have very strong confidence that Monster Diesel will be a success in Korea due to both its environmental and economic benefits. We look forward to cooperating with Alkane to advance the technology and its marketability in Korea through further testing and business development," said Dr. Haengwoo Lee, Ph.D. CEO of Mervita, LLC.
Dr. Mathew Zuckerman, Ph.D., President and CEO of Alkane, Inc. said, "Our plan for Monster Diesel(TM) has always been to expand distribution internationally, and we are proud to accomplish entry into international markets ahead of schedule."
About Alkane, Inc.
Alkane, Inc. is dedicated to the development of a family of alternative fuels and additives, which, collectively, will contribute to a solution to the global energy crisis. Additional benefits of Alkane, Inc.'s product offerings include positive environmental impact through the reduction of harmful emissions and reduced vehicle operation and maintenance costs. Monster Diesel(TM), flagship product of Alkane, Inc. is a patent pending high energy "green" alternative fuel additive which boosts diesel fuel's quality to premium levels and is designed for use in any diesel powered motor.
Forward Looking Statements:
This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.
Visit Monster Diesel(TM) on Facebook or follow on Twitter for more product information, news and analysis, and information on how to order Monster Diesel(TM) and branded products.
Monster Diesel(TM) and the logo are trademarks and are property of Alkane, Inc.
SOURCE: Alkane, Inc.
I am from Baltimore and have some good insight with this local company. They are about to land more large contracts and this news is coming out in next few weeks.
Alkane to Distribute Monster Diesel in South Korea
7:34a ET December 9, 2010 (Business Wire)
Alkane, Inc. (Pinksheets:ALKN) is pleased to announce that it has entered into an agreement to distribute Monster Diesel(TM) in South Korea. The agreement grants Mervita, LLC. exclusive distribution rights of Monster Diesel(TM) in South Korea for five years. As part of the agreement, Mervita, LLC. has committed to purchase a minimum of $11.5 million of Monster Diesel(TM) over the next five years. They have initially purchased $50,000 of Monster Diesel(TM), which is scheduled to ship to Mervita, LLC. by the end of December.
Mervita, LLC. tested Monster Diesel(TM) on 100 diesel vehicles in South Korea and noted results of an average of 9% increase in fuel mileage. Monster Diesel(TM) decreases total emissions by 23%, reduces raw hydrocarbons by 10.2% with a 38% reduction of soot, altering common diesel air pollution into a more environmentally friendlier diesel.
Mervita, LLC. becoming the first international distributor of Monster Diesel(TM) is happening at the perfect time. This past weekend, President Obama announced a newly sealed trade deal with South Korea as a landmark agreement that promises to boost the domestic auto industry, the largest since the North American Free Trade Agreement with Canada and Mexico in 1994.
With a population of 33 million, South Korea is a prime location to internationally launch the Diesel Fuel Additive Monster Diesel(TM). South Korea is a gateway to Japan, the World's second largest economy, and three out of four of the rapid growing BRIC countries.
"We have very strong confidence that Monster Diesel will be a success in Korea due to both its environmental and economic benefits. We look forward to cooperating with Alkane to advance the technology and its marketability in Korea through further testing and business development," said Dr. Haengwoo Lee, Ph.D. CEO of Mervita, LLC.
Dr. Mathew Zuckerman, Ph.D., President and CEO of Alkane, Inc. said, "Our plan for Monster Diesel(TM) has always been to expand distribution internationally, and we are proud to accomplish entry into international markets ahead of schedule."
About Alkane, Inc.
Alkane, Inc. is dedicated to the development of a family of alternative fuels and additives, which, collectively, will contribute to a solution to the global energy crisis. Additional benefits of Alkane, Inc.'s product offerings include positive environmental impact through the reduction of harmful emissions and reduced vehicle operation and maintenance costs. Monster Diesel(TM), flagship product of Alkane, Inc. is a patent pending high energy "green" alternative fuel additive which boosts diesel fuel's quality to premium levels and is designed for use in any diesel powered motor.
Forward Looking Statements:
This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.
Visit Monster Diesel(TM) on Facebook or follow on Twitter for more product information, news and analysis, and information on how to order Monster Diesel(TM) and branded products.
Monster Diesel(TM) and the logo are trademarks and are property of Alkane, Inc.
SOURCE: Alkane, Inc.
guess they'll just pump via facebook and twitter....
