LANGLEY, British Columbia, Aug. 23, 2007 (PRIME NEWSWIRE) -- Nitro Lube, Inc. (Pink Sheets:NLUB) today announced that Nitro Lube Canada's sponsored Canadian Golden Hawk project is on schedule for October 3, 2007. More information can be found at http://goldenhawkproject.blogspot.com/. As announced before, Nitro Lube, Inc. is providing engine lubricants for the Golden Hawk attempting to break the "diesel land speed record." The GOLDENHAWK Cummins (CMI) diesel powered Land Speed Streamliner will bear the Nitro Lube logo for the world to see.
Recently, Nitro Lube helped their sponsored Sports Racer, driven by Steven Ross, win the King of the Road Endurance Race in Race City, Calgary. Worldwide recognition of the Company's ultra performance lubricants and fuel conditioners has been growing steadily, with events like the Golden Hawk project adding to Nitro Lube's momentum. Management is expecting sales for the rest of the year and heading into 2008 to expand accordingly.
About Golden Hawk
Golden Hawk is a "Proud Canadian Project" dedicated to breaking the diesel land speed record. The organization operates a website at http://www.goldenhawk.ca.
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 NLUB contain the revolutionary "PMF 2000" formula. Nitro Lube, Inc. has offices in Langley, BC; Las Vegas, NV; and, Palm Desert, CA. Nitro Lube, Inc. maintains websites at: http://www.nitrolube.com and http://www.nitrolubeusa.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.