Save The World Air Clarifies Order Shipments
LOS ANGELES, CA -- (MARKET WIRE) -- May 2, 2007 -- Save The World Air, Inc. (
STWA originally stated that it has "entered into a binding distribution agreement under which Adtech (its distributor in Vietnam) has paid cash in advance to support its first shipment against an initial order of 10,000 units, which was shipped immediately." The first shipment of this initial order consisted of 2,000 units; STWA received payment for these 2,000 units. The balance of this order was originally scheduled to ship at various times through May 2007 and is now expected to ship, at the request of Adtech, at various times through December 2007. All shipments to Vietnam must be confirmed by the distributor and will be paid for by the distributor in cash against documents.
STWA also stated that its Indonesian distributor, PT CCI, "has increased its first order commitment from 10,000 pieces to 100,000 pieces with shipments beginning this month." STWA has received a cash deposit against the first 2,000 units, which are to be shipped immediately. A total of 10,000 pieces (including the original 2,000) are expected to be shipped at various times through October 2007, and paid for in cash against documents. STWA also received a purchase order from PT CCI for an additional 90,000 units, which are initially scheduled for shipment at various times through December 2008. All shipments to Indonesia must be confirmed by the distributor and will be paid for by the distributor in cash against documents.
About Save The World Air, Inc.
Save The World Air, Inc. is currently engaged in the product development and initial sales and marketing of its products which using proprietary technologies can be installed on motor vehicles, motorcycles and stationary engines to reduce harmful emissions. The company's ECOChargR™ and MAGChargR™ devices using these patented technologies have been proven in repeated independent laboratory testing to both reduce harmful emissions including Green House Gas (GHG) emissions normally caused by catalytic equipment while still improving fuel efficiency and to enhance overall engine performance. The company's patent-pending CAT-MATE® devices have been proven to reduce harmful CO, NOx, and HC emissions caused by internal combustion engines in repeated independent laboratory testing. For more information, visit the company's website at www.stwa.com.
Safe Harbor Statement
Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, but are not limited to, such factors as market acceptance, ability to attract and retain customers, success of marketing and sales efforts, product performance, competitive products and pricing, growth in targeted markets, risks of foreign operations, and other information detailed from time to time in the Company's filings with the United States Securities and Exchange Commission.
Released May 2, 2007