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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
JANUARY 12, 2000 (DECEMBER 28, 1999)
Date of report (Date of earliest event reported)
INTERNATIONAL FUEL TECHNOLOGY, INC.
(Exact Name of Registrant as Specified in its Charter)
NEVADA
(State or Other Jurisdiction of Incorporation)
000-25367 88-0357508
(Commission File Number) (IRS Employer Identification No.)
7777 BONHOMME, SUITE 1920, ST. LOUIS, MISSOURI 63105
(Address of Principal Executive Offices) (Zip Code)
(314) 727-3333
(Registrant's Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
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INTERNATIONAL FUEL TECHNOLOGY, INC.
FORM 8-K
ITEM 5: OTHER EVENTS.
On December 28, 1999, the Registrant issued a press release announcing
certain events relating to the Registrant's operations.
The full text of the press release is attached hereto as Exhibit 99
and is incorporated herein by reference in its entirety.
ITEM 7: FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
99. Registrant's Press Release issued December 28, 1999.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
INTERNATIONAL FUEL TECHNOLOGY, INC.
Date: January 7, 2000 By: /s/ JONATHAN R. BURST
--------------------------------
Jonathan R. Burst, President
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Exhibit 99
TUESDAY DECEMBER 28, 2:50 PM EASTERN TIME
COMPANY PRESS RELEASE
INTERNATIONAL FUEL TECHNOLOGY INC. MAKES ANNOUNCEMENTS
REGARDING COMPANY OPERATIONS
ST. LOUIS--(BUSINESS WIRE)--Dec. 28, 1999--The management team and board of
directors of International Fuel Technology Inc. (IFT) (OTCBB:IFUE - news) today
made the following announcements regarding the operations of the company.
The audit of the company's financial statements dated March 31, 1999, has
been completed by McGladrey & Pullen LLP and released to Standard & Poor's for
distribution to the general public. The expected filing date by Standard &
Poor's is Dec. 28, 1999.
In addition, the company expects to release by mid-January its financial
statements for the periods ended June 30 and Sept. 30. The next scheduled
release of financial statements will be for the full year 1999 (the company's
10-K filing), which are due on or before March 31, 2000.
International Fuel Technology has retained the advisory services of Harry
F. Demetriou to assist the company in developing contacts with a specific group
of potential investors. These investors are located primarily in the Middle
East, where Demetriou has developed many relationships through his professional
career.
The company is not now in discussions with any of the sources acknowledged
by Demetriou. Management views these groups as potential partners whose interest
in the company will be dependent upon both progress made toward certification
with the Air Resources Board of California and general acceptance in the
(retail) marketplace.
Demetriou is a consultant whose professional practice spans over 30 years.
He specializes in the overseas shipping industry and is an owner of bulk
carriers and crude-oil tankers.
The company announced that it has added Armstrong Teasdale LLP as its
corporate counsel in St. Louis, in addition to retaining the services of Sperry
Young & Stoecklein in Las Vegas.
Armstrong Teasdale will be primarily responsible for all corporate matters
related to necessary Securities and Exchange Commission filings, capital-raising
activities and all other related activities. Sperry Young & Stoecklein will
continue to be responsible for all investor-relations activities and related
matters.
Jonathan R. Burst, president of IFT, believes that the above items
represent a strengthening of the company and a sign that the operations continue
to be headed in the right direction.
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"The need to have a professionally run company from top to bottom is
paramount for us right now," stated Burst. "Having the audit completed will
finally allow our investors to complete any and all transactions necessary to
their personal investment decisions.
"In addition, having excellent corporate counsel here in St. Louis will
make for a smoother, more efficient working environment in which to handle the
corporate needs of IFT."
Burst also stated: "The efforts of Mr. Demetriou are in their infancy, and
indeed, any real impact from this relationship will depend upon the progress
made by the company toward certification in California, and the resulting
general market acceptance of its PEERFUEL(TM) process. Still, we are excited
about the possibilities of attracting these types of investors to the company."
Statements contained in this release that are not strictly historical are
forward-looking within the meaning of the safe-harbor clause of the Private
Securities Litigation Reform Act of 1995. Editors and investors are cautioned
that such forward-looking statements involve risks and uncertainties that may
cause the company's actual results to differ materially from such forwardlooking
statements. These risks and uncertainties include but are not limited to demand
for the company's product both domestically and abroad, the company's ability to
continue to develop its market, general economic conditions, and other factors
that may be more fully described in the company's literature and any periodic
filing with the Securities and Exchange Commission.
