September 10, 2008
Save The World Technologies Announces Australian Forestry Initiatives
BRISBANE, Australia, Sept. 10, 2008 (GLOBE NEWSWIRE) -- Save The World Technologies Inc. (Other OTC:SWTG), an environmental technologies company, is pleased to announce its plans for the creation of future forests for Australia by creating large scale reforestation projects to provide ongoing bio sequestration of greenhouse gases and delivering sustainable supplies of timber for export and domestic use.
Save The World Technologies' "Super Kiri Tree", produced through our advanced cloning and proprietary growing matrix, will be used to create the reforestation.
The primary target for planting sites is the rehabilitation of existing and future coal mines. The reforestation rehabilitation provides a positive environmental impact in place of what would normally be seen as a "not so green" land use.
Queensland has been selected, as it contains a large proportion of Australia's coal mines. Many mines are contractually obligated to provide rehabilitation through the planting of trees, shrubs and grasses. Our solution provides for both rehabilitation and the creation of a renewable resource.
"One mining group we are working with must rehabilitate 300,000 acres over the next 35 years. We are targeting to commence the rehabilitation program of 10,000 acres per year, which includes up to 10 million trees per year," said Martin Tindall, CEO. "With our Super Kiri Tree, this will provide an estimated 4.5 million cubic metres of timber for export every 7 years combined with the bio sequestration of over 10 million tonnes of carbon dioxide.
"As we target further mines and start working with various Australian Government bodies for export and other opportunities, we aim to see our Australian operation become a significant player in the positive environmental future for Australia."
Save The World Technologies is seeking further contacts within the mining industry and other significant landholders. To discuss the opportunities to create a mutually profitable and environmentally sustainable future for your land, please contact our team.
The Super Kiri Tree was developed by the company to provide an alternative to the continual depletion of our natural resources and old forests. Following each Super Kiri Tree plantation harvesting, the tree re-grows from the stump and root structure, creating a renewable resource.
Our solution creates fast growing reforestation projects, which provide large positive environmental impact through delivering fast growing timber, large greenhouse gas sequestration (absorption) and diverse usage post harvesting.
Current project targets include the use of younger trees in continual cyclic harvesting for biofuel projects, coal mine site rehabilitation and large timber supplies to a wide range of industries.
About Save The World Technologies Inc.
Save The World Technologies Inc. works with inventors, engineers, technicians and marketers to create a cleaner and safer world through incubation, development, production and marketing of products for a sustainable future. The company's core projects include the Super Kiri Tree, Electric Commuter Vehicle and an All Air Engine. For more information please visit www.swtg.us or www.swtg.com.au
Safe Harbor Statement
Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, but are not limited to, such factors as market acceptance, ability to attract and retain customers and joint venture partners, success of marketing and sales efforts, product performance, competitive products and pricing, growth in targeted markets, risks of foreign operations, and other information detailed from time to time in the Company's filings with the United States Securities and Exchange Commission.
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CONTACT: Save The World Technologies Inc. Investor Relations & Land Management Australia 1800-783770 USA: +1 (303) 586-1648 [email protected]