IFT Engages Agora Capital as Independent Consultant

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FOR IMMEDIATE RELEASE

IFT Engages Agora Capital as Independent Consultant

MISSOURI, ST. LOUIS, Jul. 15 -/E-Wire/-- International Fuel Technology Inc. (OTC BB: IFUE ), the developer of a series of fuel blends designed to increase fuel economy and reduce harmful emissions, announces that it has retained Agora Capital Partners, Inc. a New York-based operations and financial consultant to render services to IFT. IFT expects Agora to assist in the commercialization of IFT technology, as well as provide support for the Company's aggressive approach to product marketing and development.

Agora will use its existing energy sector relationships to connect IFT with a number of potential revenue sources. In addition, Agora will provide IFT with a network of contacts to supply the financial resources necessary to accelerate the Company's business plan.

Jonathan R. Burst, President and CEO of IFT, stated "We are extremely excited to work with a resource like Agora Capital. Agora Capital's experience in the energy sector will generate opportunities that we might not have been exposed to in the same timeframe. We are excited to see what the future brings with Agora Capital working alongside IFT."

Terence Herzog, CEO of Agora Capital stated, "We are pleased to work with IFT and believe IFT's additives and fuel blends will generate significant value in the marketplace, and are eager to move these products forward. A number of immediate opportunities exist, through our existing relationships, to generate meaningful revenues for the Company. The value proposition to the consumer is compelling with a product that costs $.02 to $.04 per gallon and provides a benefit of $.07 or more per gallon. IFT's fuel blends have significant potential in the fuel additive market."

Some statements contained in this release may be forward-looking within the meaning of the safe harbor clause of the Private Securities Litigation Reform Act of 1995 including, but not limited to, statements as to commercialization of the company's products and business development activities. Editors and investors are cautioned that such forward-looking statements involve risks and uncertainties that may cause the company's actual results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to, the company's ability to generate revenues and other factors as described in the Company's literature and filings with the Securities and Exchange Commission.

International Fuel Technology, Inc

International Fuel Technology, Inc.,

http:// www.internationalfuel.com

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