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Power-Save Energy Company Announces Positive Third Quarter Financial Results

Posted on: Friday, 14 November 2008, 12:00 CST

SAN LUIS OBISPO, Calif., Nov. 14 /PRNewswire-FirstCall/ -- Power-Save Energy Company (BULLETIN BOARD: PWSV) , an emerging leader in the renewable energy and energy savings products industry, today announced its fiscal third quarter earnings for the period ending September 30, 2008.

Revenue for the three months ended September 30, 2008 was $2,513,496 compared to $703,502 for the three months ended September 30, 2007, an increase of $1,809,994 or 257%. The increase was attributable to increased sales of the PS1200 unit for home usage and PS3200 and PS3400 for commercial usage and sales of the recently launched Power-Save Solar Renewable Energy systems. The pre-tax profit for the three months ended September 30, 2008 was $476,152 or 1.62 cents per diluted share compared to $65,761 in 2007, an increase of $410,391 or 624%. The pre-tax profit for the nine-month period ending September 30, 2008 was $1,117,104 or 3.94 cents per diluted share.

Michael Forster, Power-Save Energy Company President and CEO stated, 'We're pleased to again announce another profitable quarter following on the heels of our profitable 2007 fiscal year and our profitable first and second quarters in 2008. We continue to believe our business is highly scalable and built on a strong foundation. 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 a 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 quality 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.

Power-Save Energy Company

CONTACT: Power-Save Energy Company, 1-866-297-7192

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

Source: PRNewswire-FirstCall

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