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Power-Save Energy Co. Announces Record Third Quarter Results. Nine Month Revenues Up 316%, Net Profits Up 827%. Company to Launch New Alternative Energy Product.

Posted on: Tuesday, 20 November 2007, 12:00 CST

SAN LUIS OBISPO, Calif., Nov 20 /PRNewswire-FirstCall/ -- Power-Save Energy Co. (BULLETIN BOARD: PWSV) is pleased to announce its operating results for the third quarter. Revenues for the quarter ending September 30th, 2007 were $703,502 vs. $243,512 in the year ago period, an increase of 189%. Revenues for the nine month period ending September 30, 2007 were $1,760,908 vs. $423,389 in the year ago period, an increase of 316%. The increase in sales is attributable to the increase in number of units of the PS1200 energy savings product and the introduction of the PS3200 and PS3400 commercial device.

Gross profit in the third quarter was $544,471 vs. $191,945 in the year ago period, a 184% increase. For the nine months ended September 30, 2007, gross profit was $1,411,375 on gross margins of 80.1% vs. $324,380 gross profits and 76.6% gross margins for the year ago period.

Net profit for the third quarter was $65,761 vs. $76,625 in the year ago period, a 14% decrease. Net profit for the nine months ended September 30, 2007 was $342,927 vs. net profit in the year ago period of $37,005, an increase of 827%. After tax net income for the quarter was $55,482 or $.002 per share vs. $76,625, or $.003 in the year ago period. After tax net income for the nine months ended September 30, 2007 was $251,827, or $.009 per share vs. $37,005 or $.001 per share in the year ago period, an increase of 800%.

Power-Save has recently signed an exclusive agreement to market, sell and distribute an innovative alternative energy wind turbine device for urban residential application. Power-Save will begin marketing the new device direct to the public after UL approval for the device is complete. It is the intention of Power-Save to bring alternative energy to the masses, utilizing DRTV television commercials and its network of resellers in the US.

About Power-Save Energy Co.

Power-Save Energy Co. is a marketing and manufacturing company dedicated to the mass-market sale of energy saving products and now alternative energy products for homeowners. Power-Save Energy Co. is utilizing the power of television to market its products. We intend to market quality, tested products and to continue to seek out and offer innovative new energy based products to the consumer.

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.

Power-Save Energy Co.

CONTACT: Michael Forster, CEO, President of Power-Save Energy Co.,1-866-297-7192

Web site: http://www.power-save.com/

Source: PRNewswire-FirstCall

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