MORGAN HILL, CA--(Marketwire - May 21, 2008) - Save The World Air, Inc. ("STWA") (OTCBB: ZERO) -- STWA announced today that they have signed a non-binding Letter of Intent with INZI Controls Co. Ltd. of Shihung-shi, Kyunggi-Do, Korea. "We are pleased to sign this Letter of Intent with INZI, a global supplier of both original equipment and aftermarket automobile parts," stated Charles. R. Blum, President and CEO of STWA. "The aim of the Letter is to evaluate possibilities for STWA to license certain of our proprietary technologies to INZI's for use in manufacturing and distributing products to Korean manufacturers of automobiles and trucks." Representatives of INZI will commence testing and evaluating products at STWA's Morgan Hill facility within the next two weeks. Initial efforts will focus on the MAGChargR™ device and its impact on increased horsepower and emissions reductions.

About INZI Controls Co. Ltd. as provided in its web site, www.inzi.co.kr/kor.

INZI Controls, 1267-3 Chongwang-Dong, Shihung-Shi, Kyunggi-Do, Republic of Korea, was founded in 1978 as Konghwa Steel and changed its name to INZI in 2001. Since that time the company has continued to grow and started focusing on the automobile parts industry. The company's products include cooling parts, engineered plastic parts, fuel delivery parts, manifold parts and sensors. Its cooling parts consist of thermostats, water temperature control assemblies, thermo switches and others. Its engineered plastic parts include cylinder head covers, plastic air intake manifolds and water temperature control assemblies. Its fuel delivery parts include fuel pressure regulators, pulsation dampers, fuel tank pressure sensors and fuel rails. INZI controls, maintains offices in Germany, Hungary, Italy, India, China, Japan and Australia. They are a public company registered on the Korea Stock Exchange (KOSCOM).

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 and technologies, which can be installed on motor vehicles, motorcycles, stationary engines and pipelines for petroleum, Bio-Diesel fuels and edible fluids. The company's MAGChargR™ device, 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 improving fuel efficiency and enhancing overall engine performance. The company's patented Elektra™ technology has shown in laboratory testing to significantly reduce the viscosity of petroleum and bio-fuels resulting in improved operation, fuel efficiency and emissions. This technology has shown potential benefits for oil production and refining. 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.