SAN MARCOS, Calif., Feb. 24, 2011 (GLOBE NEWSWIRE) -- Omnitek Engineering Corporation (OTCQB:OMTK) today announced it has appointed PT Bayu Buana Energy as a master distributor for the company's products in Indonesia, with a particular focus on diesel-to natural gas conversion kit sales for truck, bus and power generator applications.
"The distribution agreement with PT Bayu Buana Energy will greatly enhance Omnitek's presence in a market with enormous growth potential. A plentiful supply of natural gas combined with an estimated savings of up to 50 percent compared with diesel fuel are compelling reasons to convert to natural gas," said Werner Funk, president and chief executive officer of Omnitek Engineering Corporation.
He highlighted the increased availability of natural gas and the region's focus on utilizing inexpensive fuel for transportation and power generation as factors that support Omnitek's expectations for growth in Indonesia. "Converting diesel engines to operate on natural gas provides an economical solution without the cost of new engine replacements for power generators, trucks and buses," Funk added.
"With a return on investment (ROI) of approximately one year and increased cost for diesel fuel,diesel-to-natural gas conversion technology fills an important product gap for our organization as well as Indonesia. As a master distributor for Omnitek in Indonesia, our goal is to increase the gas volume sales of the Group and create a new business line in converting power generators and vehicles," said Iman Jahan Akbarsyah, director of PT Bayu Buana Energy.
About PT Bayu Buana Energy
PT Bayu Buana Energy, established on September 7, 2006, is a member of Green Energy Investment Group – an owner of natural gas distribution pipelines and CNG stations in Indonesia.
About Omnitek Engineering Corporation
Omnitek Engineering Corp. develops and sells new natural gas engines, as well as proprietary diesel-to-natural gas conversion systems -- providing global customers with innovative alternative energy and emissions control solutions that are sustainable, affordable and designed to combat global warming.
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.
CONTACT: Gary S. Maier Maier & Company, Inc. (310) 442-9852
