Egshares EM Dividend High Income Etf (AMEX:EMHD)
Historical Stock Chart
From Dec 2019 to Dec 2024
Engine Treatment Added to Fleet's Maintenance Regimen Saves Trucking Company 5% in Fuel Costs
SCOTTSDALE, Ariz., Oct. 11 /PRNewswire-FirstCall/ -- EMTA Holdings, Inc., (OTC:EMHD), an energy conservation chemical company, announced today that its flagship product, XenTx(TM) Extreme Engine Treatment, is being used successfully by Mesilla Valley Transportation of Las Cruces, New Mexico and El Paso, Texas. First quarter results for MVT show fuel economy increased 5.1% which will provide a monthly savings of approximately $160,000 for the trucking company's fleet.
Ernie Simmons, Director of Maintenance stated, "We have installed XenTx Engine Treatment in approximately 480 of our trucks and still have some 500+ to go. Some units have run enough miles that they have been treated a second time. We began using XenTx expecting to lower our fuel cost just under $2 million per year."
Edmond L. Lonergan, EMTA Corp. CEO & President, remarked, "We are extremely pleased to have MVT as our latest fleet customer. With thousands of tractor trailers on the roads in the U.S., we believe that there is a significant opportunity for XenTx to make an impact on the trucking industry. We have several other companies testing XenTx currently and believe that they will have similar results as those achieved by MVT."
XenTx(TM) products feature breakthrough technology proven to reduce overall friction and mechanical wear resulting in greater fuel economy. XenTx(TM) is available at most major retailers including Walmart, Kmart, AutoZone, Pep Boys, Target, and Fred Meyer. For additional information please visit http://www.xentx.com/.
EMTA Corp. Contact: James Estrada, V.P., Communications, (480) 222-6222
Investor Relations Contact: Stuart Fine, Carpe DM, Inc., (908) 490-0075
About EMTA
EMTA Corp. is a holding company currently engaged in providing innovative solutions to conserve energy usage, particularly for petroleum-based fuels. The Company has developed unique products that are sold to industrial and commercial customers as well as to retail consumers. In addition, the Company is currently developing three new lubrication products and is interested in identifying future merger opportunities.
Safe Harbor:
This press release discusses certain matters that may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the intent, belief or current expectations of EMTA Corp. ("the Company") and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to: the ability of the Company to raise necessary capital; to attract and retain effective management; the lack of viable commercial applications or the failure of third-party contractors to perform their contractual obligations. Prospective investors are also referred to the other risks identified from time to time in the Company's reports and registration statement filed with the Securities and Exchange Commission.
DATASOURCE: EMTA Holdings, Inc.
CONTACT: James Estrada, V.P., Communications, +1-480-222-6222; or
Investor Relations, Stuart Fine of Carpe DM, Inc., +1-908-490-0075, for EMTA
Holdings, Inc.