PTTL Pure Transit Technologies Inc (CE)

PURE TRANSIT TECHNOLOGIES, INC. (OTCBB:PTTL) announced today the opening of the showroom in Lima, Peru thru its partnership with Mr. Javier Quintana, the owner of VEHICULOS ECOLOGICOS SOCIEDAD ANONIMA (VESA). The government of Peru and other Latin American countries have been under pressure to get away from various diesel vehicles. Mr. Javier Quintana, and VESA, will be the exclusive partner of Pure Transit Technologies and will be selling and marketing the 8 meter and 12 meter intercity coach and the 8.6 meter and 9.2 meter city buses. "We have been aggressively pursuing the brokerage and distribution of hybrid electric, CNG, diesel and LPG buses from Wuzhoulong Motors Shenzhen, China. This opening marks a milestone in our business development and goes a long way towards validating our revised business plan and alternative fuel strategy," stated Carlos Zalduondo, PTTL Chief Executive Officer. "Our team has spent significant time in Peru and other countries solidifying our partnerships and it is extremely gratifying to see our hard work rewarded.� �By having 4 different models of buses in Peru, VESA and PTTL can offer many choices to both government and private transportation companies throughout Latin America. Mr. Javier Quintana has been a valuable partner to our company�s effort to bring hybrid electric, CNG, diesel and LPG buses as a cleaner and more cost effective solution,� stated Mr. Zalduondo. �PTTL and VESA can continue pursuing partnerships and joint ventures throughout Latin America, especially Venezuela, Colombia and Nicaragua, to sell and market Wuzhoulong buses that should substantially impact 2009 and 2010 revenue forecast,� stated Richard Steele, PTTL Chairman of the Board. About Pure Transit Technologies, Inc. PTTL intends to become a diversified energy company dedicated to seeking alternatives to petroleum as a fuel for transportation. PTTL has directed its focus in alternative fuel towards becoming a distributor of hybrid electric, CNG, diesel and LPG buses initially to be manufactured in China. Forward-Looking Statements: Such statements involve risks and uncertainties, including, but not limited to: financing risks associated with the bus order; delivery and logistical risks associated with transporting the buses from China to Peru; costs of operations; PTTL current lack of working capital; risks and effects of legal and administrative proceedings and governmental regulation; future financial and operational results; competition; general economic conditions; and the ability to manage anticipated growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements PTTL makes in this news release include market conditions and those set forth in reports or documents it files from time to time with the SEC. PTTL undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For further information visit www.puretransittechnologies.com.