• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Power-Save Energy Company Announces Acquisition of Renewable Energy and Energy Savings Integrator in Arizona

Posted on: Wednesday, 21 January 2009, 12:51 CST

Power-Save Also Announces Appointment of New President and CFO

SAN LUIS OBISPO, Calif., Jan. 21 /PRNewswire-FirstCall/ -- Power-Save Energy Company (OTC Bulletin Board: PWSV), an emerging leader in the renewable energy and energy savings products industry, today announced the acquisition of 10% of Arizona Power-Save LC. Power-Save is also pleased to announce the appointment of a new President and CFO.

Power-Save Energy Co. has made an investment into a well established solar energy integrator by purchasing 10% of Arizona Power-Save. Arizona Power-Save located at 4111 E. Valley Auto Dr. #103 in Mesa, AZ is owned and operated by General Manager Ray Baxter. Arizona Power-Save specializes in the sales and installation of energy saving and renewable energy products to homeowners throughout Arizona. Michael Forster, Power-Save Energy Company Chairman and CEO stated, "Arizona, with its state tax rebate and strong utility rebate incentives to homeowners for the purchase of renewable energy, is one of our key states for rapid growth in 2009 and beyond. Ray Baxter at AZ Power-Save has successfully ramped up sales and installations in AZ for the Power-Save product line and together we see this partnership as a way to strengthen and accelerate Power-Save Energy Co.'s sales into AZ. Power-Save Energy Co. will continue to seek strategic investments into solar integrators in other key states to strengthen our position in the marketplace."

Michael Forster, Power-Save Energy Company Chairman and CEO also stated, "We are pleased to announce the appointment of Louis Fox as CFO of Power-Save Energy Co. Louis has been the outside contract accountant since Power-Save Energy Co. went public. Louis will continue his role now in the formal position of CFO. We are also pleased to announce the appointment of David Forster as President of Power-Save Energy Co. David has been working as independent outside sales representative to Power-Save since December 2006 and will continue to serve on the Company's Board of Directors."

With these new additions to the operations team, CEO Michael Forster will focus more time and energy on strategic acquisitions and growth initiatives for the company.

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.

SOURCE Power-Save Energy Company

Source: PR Newswire

More News in this Category