Save the World Air, Inc. Expands Business in Vietnam, Indonesia and the U.S.
LOS ANGELES, CA -- (MARKET WIRE) -- April 25, 2007 -- Save the World Air, Inc. (
STWA's wholly owned subsidiary, STWA Asia Pte. Limited, and Adtech have entered into a binding distribution agreement under which Adtech has paid cash in advance to support its first shipment against an initial order of 10,000 units, which was shipped immediately. Under the distribution agreement, Adtech is required to purchase 600,000 units over a five-year period in order to remain a distributor of the Company's products in Vietnam. The units are being marketed as a performance and fuel efficiency improvement product in the aftermarket.
Bruce McKinnon, Chief Executive Officer of STWA, commented, "We are very excited about our distribution agreement with Adtech, as we believe Vietnam represents an important market for STWA's technologies. We estimate there to be in excess of 10 million motorcycles in Vietnam, and we think our products will have a significant impact on both improving fuel economy and performance of these motorcycles, as well as reducing harmful emissions. As we ship orders through our various distribution channels worldwide, we are gaining traction in our efforts to establish our products further into the marketplace."
Additionally, STWA's Indonesian distributor, PT CCI, has increased its first order commitment from 10,000 pieces to 100,000 pieces with shipments beginning this month.
Arifin Posmadi, Managing Director of PT CCI, stated, "We are pleased to substantially increase our initial order of STWA's products, as our ongoing market evaluation has shown great demand for these fuel-saving, ECO-friendly products. We believe STWA's products will be extremely beneficial to the motorcycle owners, economy and environment of Indonesia."
STWA also announced that it has made its first shipment of its latest model ECO ChargR to one of its U.S. distributors, MPCI, against an initial order of 10,000 units. The units will be used on American V-Twin motorcycles.
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™ units 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® units 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.