Save The World Air Announces Management Changes
05 10월 2005 - 11:30PM
PR Newswire (US)
LOS ANGELES, Oct. 5 /PRNewswire-FirstCall/ -- Save The World Air,
Inc. (OTC:ZERO) announced today that Edward L. Masry has
relinquished his responsibilities as Chief Executive Officer while
retaining his position as Chairman of the Board. The Company's
Board of Directors named Eugene E. Eichler as the new Chief
Executive Officer and he will also continue as Chief Financial
Officer. Bruce H. McKinnon, who has been serving as Chief Operating
Officer, was named President of the Company. In announcing his
decision to step down as Chief Executive Officer, Mr. Masry
commented: "The Company has reached a phase in its development
where a realignment of responsibilities is in order. We have built
a dynamic management team over time that is ready to take our
company from its research and development phase into a fully
operational enterprise. I am extremely confident that Mr. Eichler
and Mr. McKinnon will lead the Company into successful production
and sales activities." The Board passed a resolution commending Mr.
Masry for his outstanding achievements in assembling the current
management team and his leadership over the past four years. "Ed
Masry has been a guiding light for all of us," observed Mr.
Eichler. "We are appreciative of his tireless efforts and grateful
that we will continue to benefit from his wisdom as Chairman of our
Board of Directors." Save the World Air, Inc. is currently engaged
in the research and development 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 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, 2004. For further information, please contact: Eugene
E. Eichler, CEO Save The World Air, Inc. +1-818-487-8000
DATASOURCE: Save The World Air, Inc. CONTACT: Eugene E. Eichler,
CEO of Save The World Air, Inc., +1-818-487-8000
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