To: Spark who wrote (26906 ) 2/11/2000 12:19:00 PM From: Jim Bishop Read Replies (2) | Respond to of 150070
ATF.V aha, could this be the start?? AFS awarded new orders from Australia Alternative Fuel Systems Inc ATF Shares issued 24,373,982 Feb 10 close $0.92 Fri 11 Feb 2000 News Release Ms. Jo-Anne Cappis reports After an enthusiastic response to the performance of its innovative diesel/natural gas systems in Australia, Alternative Fuel Systems has seen a significant increase in interests as well as new sales. In late 1999, AFS completed a fleet installation of AFS Eagle Dual Fuel Systems in Australia for Isuzu-General Motors. Although the systems were used on garbage trucks which receive the most demanding vehicle usage, the customer response was outstanding. "Brilliant" is how Norgas president Johnny Emanuele described the AFS system during a recent customer followup. After worldwide research of the natural gas vehicle (NGV) industry, Mr. Emanuele selected the AFS system because he found it to be the "best system, easy to install, and simple to operate and figure out. It only took three months to supply and install the AFS equipment and it works." The garbage truck market was targeted initially because of the difficulty in achieving success with this type of vehicle since these trucks that stop and start an average of 1,400 times a day with tough acceleration demands. According to Mr. Emanuele, "the garbage industry can't tolerate failures as the garbage has to be picked up every single day." He felt that this was a good way to enter the NGV market since "any other applications would be easy once the systems are proven in the garbage industry." Now after months of successful operation in Australia, AFS has received orders for more systems and numerous municipalities across Australia have also expressed serious interest. Mr. Emanuele commented on the genius of AFS's proprietary engine control software and on the fact that, at AFS, "they know what they are doing." Not only have customers been impressed by the AFS Diesel Dual Fuel System performance, ISUZU-General Motors even agreed to offer warranty coverage on these vehicles. This was the first time one of the big three automotive manufacturers offered this type of coverage for diesel to dual fuel conversion. The demand for AFS's products has also received another boost from the Australian government's NGV incentive programs. The government is investing $70-million to help individuals pay the capital costs of installing a natural gas system and the government is also building a national fueling infrastructure. In addition, Australia is offering tax and other incentives to registered fleet owners. These programs, together with the enthusiastic response AFS has received, should continue to make Australia a burgeoning marketplace for AFS products. In response to the excellent feedback from the Australian market, AFS president and chief executive officer John C. Anderson, said: "Customer satisfaction is everything whether you are selling leading edge technology or regular commodities. After some internal reorganization, AFS is now beginning to reap the benefits from refining the focus of AFS's unique engine technologies and marketing." He went on to say that he was "delighted" with this recent string of successes and expects to see this trend continue. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com