EXHIBIT 99.1
Published on November 18, 2005
Exhibit
99.1
SAVE THE WORLD AIR BENEFITS AS SEC PREVAILS AGAINST FORMER OFFICER
Los Angeles, CA, November 18, 2005 / PR Newswire First Call / Save the World Air, Inc. (Pink
Sheets: ZERO) announced that is has been informed that Judge Frank Maas of the United States
District Court for the Southern District of New York has ruled against former Company director and
officer Jeffrey A. Muller and in favor of the Securities and Exchange Commission in long-standing
litigation against Mr. Muller.
In granting the SECs motion for summary judgment, the court has barred Mr. Muller from serving as
an officer or director of a public company for a period of 20 years, has ordered Mr. Muller to
disgorge any shares of the Companys stock that he still owns and has directed the Company to
cancel any issued and outstanding shares of Company stock still owned by Mr. Muller. Mr. Muller
was also ordered to disgorge to the SEC unlawful profits in the amount of $7.5 million and a pay a
civil penalty in the amount of $100,000.
Eugene E. Eichler, the Companys CEO said of the courts ruling, The Judges 46-page opinion is a
complete vindication of our position in the long-standing litigation against Mr. Muller. We are
especially gratified that the court has ordered Mr. Muller to disgorge any shares of our stock
which he still owns and directed us to cancel all of those shares. We intend to comply fully with
the court order. We will be able to cancel at least 7.2 million shares immediately and believe
that we will be able to cancel an additional 1.5 millions shares and all the options Mr. Muller
previously issued to himself when we prevail in the rest of our lawsuit against Mr. Muller.
The Companys additional claims against Mr. Muller remain the subject of ongoing litigation as part
of this same lawsuit.
Save the World Air, Inc. is currently engaged in the product development, and initial sales and
marketing, of devices using proprietary technologies that can be installed on motor vehicles,
motorcycles and stationary engines to reduce harmful emissions, improve fuel efficiency and/or
improve performance.
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 companys filings
and future filings with the Securities and Exchange Commission, including those set forth in the
companys Annual Report on From 10-KSB for the year ended December 31, 2004.
For further information, please contact:
Eugene E. Eichler, CEO
Save The World Air, Inc.
+1-818-487-8000
Save The World Air, Inc.
+1-818-487-8000