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SAN LUIS OBISPO, Calif., Aug. 20 /PRNewswire-FirstCall/ -- Power-Save
Energy Company (OTC Bulletin Board: PWSV), an emerging leader in the renewable
energy and energy savings products industry, today announced its dismissal
from a recently filed lawsuit reported in our latest 10-Q.
Power-Save is pleased to announce its dismissal from a recently filed
lawsuit reported in our latest 10-Q. As previously stated in the 10-Q, "On or
about July 18, 2008, Power-Save Energy Company was served with a lawsuit for
wrongful death from an auto accident involving Michael Forster's son, Alex
Forster." Power-Save has been completely dismissed from this lawsuit with
prejudice against the Plaintiff from ever filing a subsequent lawsuit against
Power-Save. The dismissal was filed by the plaintiffs counsel in the San Luis
Obispo Superior Court on August 19, 2008. An 8k-information statement will be
filed related to the dismissal.
Michael Forster, Power-Save Energy Company President and CEO stated,
"We're pleased to announce a quick resolution to the inappropriate naming of
Power-Save to the above mentioned lawsuit. This dismissal clears any
shareholder concern of Power-Save liability or harm to the shareholders and
allows management to continue to focus on the growth of Power-Save.
"We intend to remain diligently focused on executing our business plan and
on continuing to build long term sustainable shareholder value."
About Power-Save Energy Co.
Power-Save Energy Company (http://www.power-save.com) is marketing and
manufacturing company focused on becoming the premier retailer of renewable
energy and energy savings products in the United States. The company is
dedicated to the mass-market sale of energy saving products and now renewable
energy products direct to the homeowner and small business. The company not
only provides both qualities tested and certified products direct to the
consumer, but also provides them at prices affordable to everyone. Power-Save
Intends to 'Make Renewable Do-able!'
Safe Harbor Statement
This press release may include forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These statements are based on the Company's
current expectations as to future events. However, the forward-looking events
and circumstances discussed in this press release might not occur, and actual
results could differ materially from those anticipated or implied in the
forward-looking statements.
SOURCE Power-Save Energy Company
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