LANGLEY, British Columbia, Oct. 25, 2006 (PRIMEZONE) -- Jason Rite, President of Nitro Lube Inc. (Pink Sheets:NTLB), today stated, "The recent vicious selling attack on the company's common stock is a mystery and a great disappointment. Some of our shareholders have been demoralized by the sell-off from a sixty-five cent price level to six cents in a matter of a few weeks. We are investigating the possibility that our stock may have been 'shorted' by unscrupulous market makers."
Mr. Rite further stated, "I want to assure our loyal shareholders that the company is in good condition. Our products are the best and our customer base is growing daily. Management of Nitro Lube is determined to continue on its goal to bring quality products to its customers and value to its shareholders." Nitro Lube also conducted a webcast interview with The Green Baron Report that can still be heard through the webcast link at www.TheGreenBaron.com.
About Nitro Lube, Inc.
Nitro Lube, Inc. is engaged in the business of manufacturing and worldwide marketing of ultra performance lubricants and fuel conditioners designed to perform in extreme temperatures. All products, produced and sold by NTLB contain the revolutionary "PMF 2000" formula. Nitro Lube, Inc. has offices in Langley, BC; Las Vegas, Nevada; and Indian Wells, California. The company maintains a website at: www.nitrolube.com
This press release contains statements, which may constitute ``forward-looking statements'' within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Nitro Lube, Inc., and members of management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those contemplated by such forward-looking statements. These risks and uncertainties include, among other things, volatility of market prices, product demand, market competition, risks inherent in the Company's international operations, and the Company's ability to expand. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.