New Company to Sell ITC Products for Fuel Cleaning : Marketing: Licensing agreement reached with CarbonClean of Costa Mesa. Parker Automotive business will be revived.

International Turbo Center Inc., a Marysville company that controls the assets of the bankrupt Parker Automotive Corp., said it has licensed its fuel-cleaning products to a new marketing company.

ITC President Robert Reese also said the company has settled breach of contract litigation with Parker Automotive founder Michael E. Parker. He would not elaborate. Parker sued after ITC fired him as a consultant in January.

Reese said ITC will transfer assets from its Costa Mesa-based Enviromotive Inc. subsidiary to a marketing start-up called CarbonClean Corp., named after the fuel system cleaning machine and solvent product lines. CarbonClean will move its headquarters from Costa Mesa to Irvine in November.

CarbonClean will have $2.5 million in seed capital from investment firms Crest Equities Inc. of Newport Beach and Erin Mills Capital Corp. of Toronto, Reese said.

“This capital is what was needed to launch this company,” said Reese.

ITC aims to revive Parker Auto’s business of making engine-cleaning machines for cars and trucks. In February, it paid $1.5 million for Parker Auto’s trademarks and trade names for machines and inventory in California and Texas.

Reese said Enviromotive Inc.’s 10 employees would be transferred to CarbonClean Corp. Enviromotive will receive royalties from CarbonClean, which will market Enviromotive’s inventory through distributors to auto repair outlets, gas stations and tune-up centers.

Reese said Enviromotive sales of CarbonClean brand products picked up from nothing in February to $300,000 in July.