CALGARY, Jan. 23 /CNW/ - Alternative Fuel Systems (2004) Inc.
("AFS (2004)" or the "Company") (TSX Venture: AFX) announced today that it has
received new orders for natural gas pressure regulators from its European
distributor valued at more than $500,000 Cdn. Delivery of the regulators has
been requested in the first half of 2006. AFS (2004) President and CEO Jim
Perry stated that "these orders result from a planned significant ramping up
of production of natural gas vehicles by the end customer. Our challenge now
is to work to increase our flow of parts and supplies, combined with added
production volume".
AFS (2004) is a Canadian company providing innovative and cost-effective
solutions to the growing global problem of harmful exhaust emissions from
internal combustion engines. AFS (2004) has commercialized electronic engine
management systems and components enabling internal combustion engines to
operate on a variety of fuels. The Company is headquartered in Calgary, Canada
and trades on the TSX Venture Exchange under the trading symbol AFX.
Forward-looking statements - this news release may contain
forward-looking statements about AFS' business, marketing and product
development plans based on the current expectations of management.
AFS (2004) cautions investors that any forward-looking statements are
subject to various risks, uncertainties and other factors that could cause the
Company's actual results to differ materially from those expressed in, or
implied by forward looking statements. These risks, uncertainties and other
factors include, without limitation, uncertainty related to the Company's
ability to successfully implement its business strategy; the risk that product
development projects may not be completed successfully or in a timely manner;
the ability of the Company to successfully negotiate and execute definitive
agreements with its customers; the development of competing technologies and
the possibility of increased competition; fluctuating energy prices;
availability of key components; uncertainties involving government policies
and government regulations affecting the Company's business.
Visit our website at: www.afsglobal.com
