Fuel Doctor's FD-47 Power Conditioner/Fuel Efficiency Booster Gets Overwhelmingly Positive Reception at China Auto Expo
Millions of New Chinese Auto Owners Can Benefit From Fuel Efficiency Products
(firmenpresse) - CALABASAS, CA -- (Marketwire) -- 03/02/12 -- Further expanding its product's exposure in the $11.4 billion China automotive aftermarket, Fuel Doctor Holdings, Inc. (the "Company") (OTCBB: FDOC), a provider of innovative automotive aftermarket solutions, today announced its power conditioner/fuel efficiency booster was extremely well received at the which took place on February 14th - 17th in Beijing.
Fuel Doctor Holdings, Inc.'s executives from the U.S. joined their Master Distributor Mr. Ma Song Hai, Managing Director of Fuel Doctor Automobile Care China Beijing Company, to demonstrate the Platinum FD-47 to thousands of auto industry participants at one of China's largest auto expos.
Following the auto expo, Beijing-based Fuel Doctor Automobile Care China Beijing Company, held an aftermarket show in which 60 car care products distributors from 25 provinces across China gathered for an FD-47 "How it Works" product launch seminar. Presentations by Fuel Doctor Holdings, Inc.'s distribution partner Mr. Ma, and the Company's President and CEO Mr. Mark Soffa, as well as the Company's Chief Technology Advisor Mr. Hungerford, led to an active Q&A session.
Mr. Ma, Founder of Fuel Doctor Automobile Care China Beijing Company commented, "Our network of distributors across China, Hong Kong, and Macau provinces are very excited about Fuel Doctor's FD-47. We expect purchase orders from around the country in the next few weeks. We've already received our first shipment of FD-47s as a first step towards a major national roll-out of Fuel Doctor products across China."
"We are more than pleased with the reaction to our FD-47 from automotive industry professionals in China. The immediate feedback we've received is that millions of new Chinese vehicle owners seek to reduce fuel costs and improve fuel efficiency. Drivers are pursuing all methods of achieving better fuel economy and the FD-47 is the product to deliver this result," stated , President and Chief Executive Officer of Fuel Doctor Holdings, Inc. "Our in-country master distributor, Mr. Ma and Fuel Doctor Automobile Care China Beijing Company did a fantastic job on the launch. We look forward to a long and productive business relationship with them."
Fuel Doctor Holdings, Inc. its entry into the China market through a five-year exclusive distribution agreement with Fuel Doctor Automobile Care China Beijing Company, which will maintain its exclusive distribution rights by purchasing over $30 million worth of FD-47s from Fuel Doctor Holdings, Inc. over the next five years.
According to , the automotive aftermarket in China is estimated to be a USD$11.4 billion (71 billion Chinese Yuan) market and projected to grow 18.3% annually through 2014. This market is being driven by the country's expanding and aging stock of light vehicles. The (AAIA) states that China's new car sales have recently eclipsed the sale of new cars in the US. The AAIA further estimates the number of vehicles in China will reach 70 million in 2012.
Fuel Doctor Holdings, Inc. (the "Company") provides innovative solutions to the automotive aftermarket. The Company is the exclusive worldwide distributor of the , a power conditioner/fuel efficiency booster that plugs into the lighter socket/power port closest to the engine of a vehicle 24 months and older to help drivers regain lost miles per gallon (MPG) through power conditioning of the vehicle's electrical systems. The Platinum FD-47 is sold by blue chip retailers nationwide and has undergone certified laboratory and field testing by Test Car Engineering, and Intertek a global leader in quality, safety, and inspection and testing of consumer goods.
During 2011, Fuel Doctor was the primary sponsor of in NASCAR's Camping World Truck Series. Fuel Doctor was also the primary sponsor in 2011 for , competing in the and Gaunt Brothers Racing, competing in both NASCAR's Canadian Tire Series and .
Please visit the Company at and .
All statements other than statements of historical fact included in this press release, including, without limitation, statements regarding the Company's anticipated financial position, business strategy and plans and objectives of management of the Company for future operations, are forward-looking statements. When used in this press release, words such as "anticipate," "believe," "estimate," "expect," "intend," and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors not limited to, general economic and business conditions, competitive factors, changes in business strategy or development plans, the ability to attract and retain qualified personnel, and changes in legal and regulatory requirements and the other risks discussed in the company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (). Such forward-looking statements reflect the current views of the Company with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and liquidity of the Company. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this paragraph. The Company does not assume a duty to update these forward-looking statements, except as required by law.
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Datum: 02.03.2012 - 06:00 Uhr
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