Omnitek Engineering to Present at Global Transportation Expo in Mexico City
SAN MARCOS, Calif., Oct. 29, 2012 (GLOBE NEWSWIRE) -- Omnitek Engineering Corporation (OTCBB:OMTK) today announced the company will make a presentation on Wednesday, November 7, 2012 at 1:30 p.m. local time at the NGV Global 2012 Exposition being held November 6 – November 10 at the Banamex Center, Pavilion A, in Mexico City.
The presentation, Diesel-to-Natural Gas Engine Conversions, Creating Demand for Natural Gas, will address the value-proposition for fleet truck operators in terms of converting diesel engines to operate on natural gas. "During the 20-year life span of diesel engines, routine overhauls are required and service budgets established in advance. By converting these diesel engines to operate on natural gas during a routine service overhaul, truck operators can realize a significant return on investment, with much lower fuel costs and cleaner combustion," said Werner Funk, president and chief executive officer of Omnitek Engineering.
Additional issues to be addressed include:
- The cost benefits of conversions versus new engine replacement
- Limited availability of new natural gas trucks and buses to meet pent-up and future demand
- The long service life of diesel engines offsets new engine replacement proposition regardless of availability
Funk will be available for media interviews either before or after his presentation. Reporters are encouraged to arrange a convenient interview time in advance by contacting the company's investor relations firm: telephone, 310-471-1288 or via email: firstname.lastname@example.org.
About Omnitek Engineering Corporation
Omnitek Engineering Corp. develops and sells new natural gas engines, as well as proprietary diesel-to-natural gas conversion systems and complementary products -- providing global customers with innovative alternative energy and emissions control solutions that are sustainable and affordable.
Some of the statements contained in this news release discuss future expectations, contain projections of results of operations or financial condition or state other ``forward-looking'' information. These statements are subject to known and unknown risks, uncertainties, and other factors that could cause the actual results to differ materially from those contemplated by the statements. The forward-looking information is based on various factors and is derived using numerous assumptions. Important factors that may cause actual results to differ from projections include, among many others, the ability of the Company to raise sufficient capital to meet operating requirements, completion of R&D and successful commercialization of products/services, patent completion, prosecution and defense against well-capitalized competitors. These are serious risks and there is no assurance that our forward-looking statements will occur or prove to be accurate. Words such as ``anticipates,'' ``expects,'' ``intends,'' ``plans,'' ``believes,'' ``seeks,'' ``estimates,'' and variations of such words and similar expressions are intended to identify such forward-looking statements. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.