LOS ANGELES, CA -- (MARKET WIRE) -- November 14, 2006 -- Save the World Air, Inc. (
The Board of Directors has named Bruce H. McKinnon, the Company's President, as Chief Executive Officer, effective November 20, 2006. Mr. McKinnon will retain the position of President. The Board of Directors also named John Richard Bautista III, the Company's Executive Vice President of Operations, as Chief Operating Officer, effective November 20, 2006.
Incoming CEO Bruce H. McKinnon commented, "On behalf of everyone at the company, we wish Gene well for a speedy recovery. Without Gene's loyalty and devotion, our company would not be positioned today to move forward. Among Gene's numerous accomplishments, he helped the company raise the financing needed to see us through much of our R&D phase, comply with its SEC obligations and contributed to its re-instatement on the OTCBB. I am excited about the next chapter for our company and the opportunities to bring our growing product lines to market."
About Save the World Air, Inc.
Save the World Air, Inc., is currently engaged in the product development, initial sales and marketing of devices using proprietary technologies that can be installed on motor vehicles, motorcycles and stationary engines to reduce harmful emissions caused by internal combustion engines. The company's patented ZEFS devices have been shown to reduce harmful emission, improve both fuel efficiency and enhance engine performance in repeated independent laboratory testing. The company's patent-pending CAT-MATE devices have been shown to reduce harmful emissions in repeated independent laboratory testing. For more information, visit the company's website at www.stwa.com.
Safe Harbor Statement
The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, the company's filings and future filings with the Securities and Exchange Commission, including those set forth in the company's Annual Report on From 10-KSB for the year ended December 31, 2005.