Announces New Distributor in Southeast, United States
BALTIMORE, MD, Jul 21, 2010 (MARKETWIRE via COMTEX) -- Alkane, Inc. (PINKSHEETS: ALKN) announced today that the company has opened a new distributor and is expanding into a new territory for its Monster Diesel(TM) multi-functional diesel fuel additive. The company will be selling and merchandising Monster Diesel(TM) through a leading distributor of automotive products in the Southeast. Their customers include: Truck and Car Dealerships, Truck and Automotive repair locations, Trucking Companies and other high consumption diesel fuel users. They provide full-service distribution to more than 1,000 customers and their distribution map includes Georgia, Alabama and Florida.
Mathew Zuckerman, Ph.D., CEO & President of Alkane, stated, "This is a great opportunity to sell to a high caliber automotive distributor in the Southeast. We believe they will be a great partner and will add great value to our distribution network. They have the experience and the personnel to help increase our distribution and sales."
He added, "We have already shipped our first order and we are pleased to be working with them as we expand. We have experienced excellent sales of our product in the markets where we currently have distribution and we believe that this will have a positive impact on our revenues going forward and will also strengthen our brand awareness. We are extremely focused on expanding our distribution into new markets as we continue to demonstrate that our strategy is working while building long term value for our Shareholders."
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.
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 www.MonsterDiesel.com for more product information, news and analysis, and information on how to order Monster Diesel(TM) and branded products. Also visit Monster Diesel(TM) on Facebook or follow on Twitter.
Monster Diesel(TM) and the logo are trademarks and are the property of Alkane, Inc.Investor Contact: Redwood Consultants, LLC Jens Dalsgaard 415.884.0348 Media Contact: Alkane, Inc. Lou Petrucci 410.666.7837
SOURCE: Alkane, Inc.
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