(MENAFNEditorial)
LAS VEGAS NEVADA Oct. 31 2012 5:00pm PST
Niyato Industries Inc. announces that recent developments in the availability of natural gas from fracking has made inexpensive natural gas available for domestic vehicle in the Southern California area. CNG will lower the cost of fuel extended the range as well meet the lowered emissions standard requirements being imposed by the state of California and other states. CNG conversion is now available for most car models and brands with a fuel cost at about a third of the price of gasoline in today’s market. Niyato is preparing to open a 65000 sq. ft. conversion facility in the southern part of the state in early 2015 to handle some large flee contracts for local cities and counties.
In the meantime Niyato is making conversion facilities available for local car dealerships within the same general area. Niyato has completed contractual arrangement with Mr. James Diaz fleet sales consultant at Lake Chevrolet in Lake Elsinore for an initial six units. “Mr. Diaz says that California is a state that needs lower prices on fuel for its fleet operators the price of gasoline and diesel is way too high for some companies to operate in the black and offering a natural gas alternative with a price per gallon equivalent of $2.42 under the gasoline prices being a dollar more at $3.599 we are ready to meet the needs of local business that would like to save money and to please stop by at Lake Chevrolet in Elsinore and let me show you what the difference is and how we can help save you money!”.
Niyato is also in contractual negotiations for 20 units with another southern California Ford dealer and is quoting additional vehicles in dealerships in Fontana and Upland. Niyato is also working on a program for installation of as many as 35 fueling stations to be installed from the Northern to the Southern California border. Most of these fueling stations will be locate at truck stops and will make CNG much more available than it is today along the I-5 corridor. In the past the lack of fueling stations and the cost of conversion has been a factor while the lack of one and the differences in the other are rapidly disappearing. The cost of vehicle conversion can usually be amortized in 18 to 24 months while for the most part the vehicles maintain their original appearance.
About Niyato Industries Inc.
Niyato Industries Re-powers traditional gasoline vehicles to operate on both natural gas and gasoline or Bi-fuel or a dedicated CNG vehicle is one that runs only on CNG. The company is also in the business of building and placing natural gas stations throughout America. Natural gas powered vehicles are the safest and most economical trend for the future.
Safe Harbor Statement - This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including without limitation ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors risks and uncertainties that may cause actual results events and performance to differ materially from those referred to or implied by such statements. In addition actual or future results may differ materially from those anticipated depending on a variety of factors including continued maintenance of favorable license arrangements success of market research identifying new product opportunities successful introduction of new products continued product innovation sales and earnings growth ability to attract and retain key personnel and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof.
For more information please visit Niyato Industries at www.niyato.com.
CONTACT:
US: +1 704-945-7155
James Gaiser CMO
Market Services
Investorrelations@niyato.com
americacng@niyato.com
US Fax: +1 704-900-7772
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