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Horrible financials as usual.
Exactly, unless he is shorting the stock!
Swim, reverse splits have never been good for this companys shareholders yet! So Vic was obviously wrong. "If" the reverse split allowed us go to a bigger board and the product or products were beginning to sell nicely, that would be a different story. This stock reminds me of another scam stock I ran into with simular products and situation. Reseach "ACMG".
I think this stock will do another reverse split next year and am not expecting any major sells, but I would LOVE to be surprised and wrong. I do not believe press releases in penny stocks. I do believe in audited financials and reports to the SEC, and charts.
I think a lot of the dumping was tax write offs which often happens in December and a few not liking what they see since the reverse split. I expect in to go up slightly next week, but not much.
OMG Larice, your buying more!? I hope your shorting this stock!!! Thats probably the only way your gonna make loads of money on this stock. IMO. Look for it to go near it's before reverse split price in 2012, then another reverse split in a year or two before any major contracts. I am going from past records and charts as to what I think will happen.
Although I do see they are probably closer than they have ever been. So there is a tiny chance. I do not give much merrit to press releases but I do value audited financials and reports to the SEC, and charts.
Longvper, thanks for pointing that all out. Sagan I agree, but hope 2o12 turns out great for us. Daddy needs a new car.
Can be an easy doubler or tripler. But this company was a unsuccessful VOIP company, now is also selling lightbulbs? Sagen, whats your opinion on this?
China's National Mandate Creates Opportunity for STWA's Oil Pipeline Efficiency Technology
STWA Aligns With Key Strategic Stakeholder in China's Petrochemical Industry to Help Meet National Goals Through STWA's AOT(TM)
Press Release: Save The World Air, Inc. – 6 hours ago QUOTESSymbol Price Change
ZERO.OB 0.415 +0.02
SANTA BARBARA, CA--(Marketwire -12/27/11)- On the heels of announcing a Letter of Intent to commercialize its oil pipeline efficiency technology in China, STWA, Inc. (OTC.BB: ZERO.OB - ??) ("STWA" or the "Company"), a developer of energy efficiency technologies in the multi-billion dollar oil pipeline and diesel engine markets, issued today an assessment of the China oil pipeline market and China's influence on the global energy market.
STWA announced on December 21, 2011 that it has signed a Letter of Intent with Beijing Heng He Xing Ye Technology Development Co., Ltd ("TDC") for licensing, sales and distribution of STWA's Applied Oil Technology™ (AOT™) into the Chinese market.
Recently, the State Council of China issued an environmental mandate to the country's energy industry to reduce energy consumption 16% by 2015. According to recent U.S. Department of Energy testing conducted in the fall of 2011, STWA's AOT™ can reduce the amount of energy used in transporting oil per mile by over 13%. This energy-efficiency improvement would translate into numerous, direct financial and environmental benefits for Chinese state-owned oil firms. TDC and STWA are at this time working to make STWA's AOT™ a key strategic resource in China's national 16% energy reduction plan.
"We have a solid relationship building with TDC as guardian of our intellectual property in China. They have deep relationships with major oil concerns in China and Chinese government officials. We were introduced to TDC through their technical lead, who, when a graduate student at Temple University, studied under Dr. Tao, our chief physicist and inventor of AOT™. Following our recent productive meetings with senior TDC management at our Santa Barbara headquarters and in New York, we are scheduled for January meetings in China to advance our commercialization plans," stated STWA Chairman and CEO, Mr. Cecil Bond Kyte.
In a recently published report, the U.S. Energy Information Agency (EIA) stated, "Rapidly increasing energy demand has made China very influential in world energy markets." The EIA report showed that China is the world's second largest oil consumer behind the United States, and is the overall largest global energy consumer. The report further stated that China consumed an estimated 9.2 million barrels per day of oil in 2010, up over 10% from previous-year levels. The combination of market size and pace of market growth make China a key global influencer in the energy and oil markets.
According to the China National Petroleum Corporation, China has about 13,932 miles of total crude oil pipelines and nearly 8,265 miles of oil products pipelines in its domestic network. China's spending on pipelines is estimated to increase 40% by 2015, driven by the construction of new pipelines to deliver oil supplies from newer oil-producing regions and from downstream centers to more remote markets. AOT™ can make a significant contribution by maximizing economic benefits and reducing environmental impacts of transporting these new reserves.
China's oil industry is dominated by two vertically integrated national firms, China Petroleum and Chemical Corporation (Sinopec), and China National Petroleum Corporation (CNPC) and its publicly-listed arm PetroChina. These two entities account for 60-80% of China's total oil and gas output. Other state-owned firms are quickly growing market share. These include CNOOC Limited, China's largest producer of offshore oil and gas and Sinochem International, listed on the Shanghai exchange, the largest domestic third-party petrochemical storage and logistics provider in China. These four main stakeholders in the market are closely tied with government and are aligned with government's objectives to improve energy efficiency.
"We believe that AOT™ has the potential to assist China in reaching its aggressive energy conservation and environmental goals," stated Bjørn Simundson, STWA Executive Director, Program Management/Operations. "Since China is the largest energy consumer in the world, and is recognized as a global influencer in energy markets, we feel it is a natural fit to be the first international market for us to advance commercial interest in our AOT™ oil pipeline efficiency technology. I believe that working with TDC to protect our mutual interests, and to provide introductions to national oil companies in China bodes well for AOT™ as we advance our commercialization program not only in China, but also in North America and other international markets."
About AOT™
STWA's Applied Oil Technology™ (AOT™) allows pipeline operators to temporarily reduce the viscosity of the crude oil within their pipeline(s) to reduce the fluid-drag (also known as friction-loss) between the fluid and the pipeline. By reducing the friction loss, pipeline operators' pump systems require less energy to maintain a constant flow rate, thereby directly reducing daily operation costs.
About STWA, Inc.
STWA, Inc. (OTC.BB: ZERO.OB - ??) develops and commercializes energy efficiency technologies that assist in meeting increasing global energy demands, improving the economics of oil extraction and transport, and reducing greenhouse gas emissions. The Company's intellectual property portfolio includes 24 domestic and international patents and patents pending, which have been developed in conjunction with Temple University. STWA's technologies include Applied Oil Technology (AOT™) which improves oil flow through pipelines. AOT™ has been proven in U.S. Department of Energy tests to increase the energy efficiency of oil pipeline pump stations by over 13%. ELEKTRA™ improves diesel engine efficiency for industrial diesel engines, as well as diesel-powered trucks, trains, marine vessels, military fleets and jet turbines. More information including a company Fact Sheet, logos and media articles are available at: http://www.stwa.com.
Safe Harbor Statement
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.
Contact:
Contact Information
Investor Relations
ZERO up .05 today, 14.71% increase with a lot higher volume than average. Ü
PoemStone, I checked out those two user boards you mentioned ZERO on and liked them. Thanks, I will be checking back often on those other boards.
ZERO is an interesting stock. They just tested their AOT technology at the US Dept. of Energys test site and it was 1/2 paid for by the oil consortium and the US Dept of energy and 1/2 by ZERO. It yeilded great results. Their website is www.stwa.com
Your welcome Phantom. I feel if they do not relist by the end of next year, it's not going to happen. And I think I need a big tax write off next year as a oil pipeline penny stock is looking great and thinking it might take off in a few months. The ticker symbol is ZERO if you wanted to look at it. The US Dept. of Energy and the oil consortium paid for 1/2 of the recent tests to prove it worked! Should save and make the oil companys billions more each year. They just tested the prototype, and are going to make slight changes and retest. Should be ready to go after that. Their website is www.stwa.com
STWA Signs Letter of Intent to Commercialize Oil Pipeline Efficiency Technology in China
Company Milestone Marks Interest From Chinese Government and One of the Largest Energy Companies in China
Press Release: Save The World Air, Inc. – 3 hours ago
ZERO.OB 0.3350 +0.0050
SANTA BARBARA, CA--(Marketwire -12/21/11)- In a major development for the commercialization of its oil pipeline technology, STWA, Inc. (OTC.BB: ZERO.OB - News) ("STWA" or the "Company"), a developer of energy efficiency technologies in the multi-billion dollar oil pipeline and diesel engine markets, announced today it has signed a Letter of Intent with Beijing Heng He Xing Ye Technology Development Co., Ltd ("TDC") to license STWA's Applied Oil Technology™ (AOT™) into the Chinese market. TDC is a supplier of technology and oil pumping equipment to the Chinese oil industry.
In accordance with the terms of the Letter of Intent (LOI), STWA remains the worldwide exclusive holder of all intellectual property related to AOT™. Nothing in the LOI transfers or assigns any right to AOT™ to TDC. TDC desires to license certain rights to STWA's AOT™ for the purpose of selling, distributing and commercializing AOT™ in China. Financial terms regarding licensing fees and charges for AOT™ installations for TDC's customers will be defined in separate agreements to be negotiated.
Leading up to the execution of this LOI, TDC gained support for STWA's AOT™ from key stakeholders in the Chinese market and within its customer base. Founded in 2001, TDC has clients that are publicly listed companies servicing various industrial control systems throughout China. Its clients within the Chinese petroleum industry are a natural fit for the STWA AOT™ technology. TDC has received operational data from major customers regarding its oilfields including pipeline diameter measurements, total pipeline length, velocity, temperature and estimated AOT™ requirements.
China is the second largest consumer of oil in the world, just behind the US. The Asian pipeline market in 2010 is estimated to be US$21 billion, with China's spending on pipelines to increase 40% by 2015. Recently, China released a working plan to boost energy efficiency nationwide. The plan, issued by the State Council, reiterates China's main goal to reduce energy consumption 16% by 2015.
STWA's AOT™ improves oil flow through pipelines, reducing the energy required for the transport of oil through pipelines by over 13%, according to tests conducted by the U.S. Department of Energy. AOT™ has the potential to impact the Chinese oil pipeline industry by creating hundreds of millions of dollars worth of energy savings, reducing greenhouse gas emissions by millions of tons each year, and helping industry meet the demands set by the State Council of boosting efficiency 16% by 2015.
"Key players in the China oil market have taken notice of AOT™ and our U.S. Department of Energy test results. TDC realizes the enormous favorable financial and environmental impacts AOT™ can have for China. We are very pleased with the efficiency with which our talks have progressed to date, leading to this Letter of Intent. TDC has shared with us that they have already had discussions with government officials and one of the largest energy companies in China regarding our technology," stated STWA Chairman and CEO, Mr. Cecil Bond Kyte. "We anticipate continued productive discussions culminating in more substantive agreements."
"China is in a period of extreme growth, with thousands of kilometers of pipeline under construction and many more to come," said Bjørn Simundson, STWA Executive Director, Program Management/Operations. "The alliance with TDC is a prudent strategic benefit for both companies. Our Company holds technology that can vastly improve oil transport for China's explosive growth, and TDC provides us the proper channels and protection necessary for rapid and secure industry and governmental acceptance and deployment."
About AOT™
STWA's Applied Oil Technology™ (AOT™) allows pipeline operators to temporarily reduce the viscosity of the crude oil within their pipeline(s) to reduce the fluid-drag (also known as friction-loss) between the fluid and the pipeline. By reducing the friction loss, pipeline operators' pump systems require less energy to maintain a constant flow rate, thereby directly reducing daily operation costs.
About STWA, Inc.
STWA, Inc. (OTC.BB: ZERO.OB - News) develops and commercializes energy efficiency technologies that assist in meeting increasing global energy demands, improving the economics of oil extraction and transport, and reducing greenhouse gas emissions. The Company's intellectual property portfolio includes 24 domestic and international patents and patents pending, which have been developed in conjunction with Temple University. STWA's technologies include Applied Oil Technology (AOT™) which improves oil flow through pipelines. AOT™ has been proven in U.S. Department of Energy tests to increase the energy efficiency of oil pipeline pump stations by over 13%. ELEKTRA™ improves diesel engine efficiency for industrial diesel engines, as well as diesel-powered trucks, trains, marine vessels, military fleets and jet turbines. More information including a company Fact Sheet, logos and media articles are available at: http://www.stwa.com.
Safe Harbor Statement
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.
Contact:
Contact Information
Investor Relations
Mr. Andrew Haag
Managing Partner
IRTH Communications, LLC
Tel: +1-866-976-IRTH (4784)
E-Mail: Email Contact
Website: www.irthcommunications.com
Company Website: www.stwa.com
Mr. Jeremy Roe
Managing Partner
Integra Consulting Group, LLC
Tel: +1-925-262-8305
E-Mail: Email Contact
Website: www.integraconsultinggroup.com
Good to hear Cyclone. Wish they would release some good news soon.
Stushy, I think your wrong about 90% more buys than sells. I was just looking at the "Accumilation/Distribution" on a 3 day chart, and it looks to me like that was true yesterday, but is being dumped today.
What is up with the large volume? Don't they know this is an POS stock, although improving. Maybe finally improving enough and someone knows before that information is released to the public?
Phantom13, Yes you can claim it as a loss on your income tax. Scottrade has a special form you fill out for this, then they will send you something to write off for your taxes. Your broker may be simular.
The chances of them re-listing is so small and doubtful, so I personally am giving them until December 2012 do do so. If they don't, then I am going to take my tax write off then. No one has a crystal ball but I am a long time stock holder on this. You have to decide for yourself what's best for you. JMO
Form 8-K for SAVE THE WORLD AIR INC
--------------------------------------------------------------------------------
14-Dec-2011
Unregistered Sale of Equity Securities, Financial Statements and Exhibits
Item 3.02 Unregistered Shares of Equity Securities
From October 24, 2011 through December 13, 2011, the Company issued and sold an aggregate of $1,516,504 of Convertible Promissory Notes (the "Notes") and warrants to purchase an aggregate of 6,066,016 shares of common stock (the "Warrants"). The Company received gross proceeds from the closing of the private placement of $1,378,640.
The Notes are due 12 months from their respective issuance date (the "Maturity Date"). The Notes do not bear interest and were issued in the face amount equal to 110% of the purchaser's commitment. The Notes are initially convertible into shares of the Company's common stock at a rate of $0.25 per share. If the Notes are not paid in full by the Maturity date, the balance remaining on the Maturity Date shall be increased by 10% and the Company shall be required to pay interest at a rate of 10% per annum until all sums due thereunder are paid in full. The Notes also contain provisions that protect the holders against dilution by adjustment of the conversion price in certain events such as stock dividends, stock splits and other similar events.
The Warrants are exercisable for a term of two years at an exercise price of $0.30 per share. The Warrants also contain provisions that protect the holders against dilution by adjustment of the conversion price in certain events such as stock dividends, stock splits and other similar events.
The offering was made solely to "accredited investors," as that term is defined in Regulation D under the Securities Act of 1933, as amended (the "Securities Act"). The securities sold in the offering were not registered under the Securities Act, or the securities laws of any state, and were offered and sold in reliance on the exemption from registration afforded by Section 4(2) under the Securities Act and corresponding provisions of state securities laws, which exempt transactions by an issuer not involving any public offering.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit No. Description
10.1 Securities Purchase Agreement
10.2 Form of Convertible Promissory Note
10.3 Form of Common Stock Purchase Warrant
..BUYINS.NET Updates STWA, Inc. SqueezeTrigger Report
Press Release: BUYINS.NET – 6 hours ago
....
.....Companies:...Save the World Air, Inc.......RELATED QUOTES.
.Symbol Price Change
ZERO.OB 0.3390 +0.0240
......•Approximately 23 Million Shares Shorted Since August 2009
•Short Squeeze Expected to Begin Above $0.37 SqueezeTrigger
NEWPORT BEACH, Calif., Dec. 12, 2011 (GLOBE NEWSWIRE) -- BUYINS.NET, http://www.buyins.net, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has updated coverage on STWA, Inc. (OTCBB: ZERO.OB - News) after releasing the latest short sale data through December 8, 2011. The total aggregate number of shares shorted since August 2009 is approximately 23 million shares. An average of 37.46% of daily trading volume is short selling. The SqueezeTrigger price for all (OTCBB: ZERO.OB) shares shorted is $0.37. A short squeeze is expected to begin when ZERO closes above its $0.37 SqueezeTrigger Price.
Click for original Report: http://www.buyins.com/reports/zero7-21-10.pdf
Click for updated SqueezeTrigger: http://www.buyins.com/images/zerostr12-9-11.jpg
Click for updated Friction Factor: http://www.buyins.com/images/zeroff12-9-11.jpg
Friction Factor calculates if a fair market is being made in the shares of (OTCBB: ZERO.OB - News). 51% of the previous 37 trading days have been positive or bullish-biased and 49% have been negative or bearish-biased.
Regulation SHO requires bona-fide market-making activities to include making purchases and sales in roughly comparable amounts. The Commission has stated that bona-fide market-making DOES NOT include activity that is related to speculative selling strategies or investment purposes of the broker-dealer and is disproportionate to the usual market making patterns or practices of the broker-dealer in that security. Likewise, where a market-maker posts continually at or near the best offer, but does not also post at or near the best bid, the market-maker's activities would not generally qualify as bona-fide market-making. Moreover, a market-maker that continually executes short sales away from its posted quotes would generally not be considered to be engaging in bona-fide market-making.
BUYINS.NET monitors ZERO market-makers daily for compliance with Fair Market-Making Requirements.
About BUYINS.NET
BUYINS.NET, http://www.buyins.net, monitors trading in all US stocks in real time and maintains massive databases of short sale and naked short sale time and sales data, short squeeze SqueezeTrigger prices, market-maker price movements, shareholder data, statistical data on earnings, sector correlation, seasonality, hedge fund trading strategies, comparable valuations. Reports include:
REGULATORY & COMPLIANCE NEWS
Friction Factor -- market-maker surveillance system tracking market-makers in all stocks to determine Price Friction and compliance with new "Fair Market-Making Requirements".
RegSHO Naked Shorts -- tracks EVERY failure to deliver in all US stocks and all Threshold Security Lists daily for which stocks have naked short positions.
INVESTMENTS & TRADING
SqueezeTrigger -- 33 billion cell database tracks EVERY short sale (not just total short interest) in all US stocks and calculates volume weighted price that a short squeeze will begin in each stock.
Earnings Edge -- predicts probability, price move and length of move before and after all US stock earnings reports.
Seasonality -- predicts probability, price move and length of move based on exact time of year for all US stocks.
Group Trader -- tracks sector rotation and stock correlation to its sector and predicts future moves in ALL sectors and industry groups.
Pattern Scan -- automates tracking of every technical pattern and predicts next move in stocks.
GATS -- tracks known trading strategies.
DISCLAIMER:
BUYINS.NET is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. ZERO has paid $995 per month to purchase data to be provided in six monthly reports. ZERO has not approved the statements made in this release. Please read our report and visit our web site, http://www.buyins.net, for complete risks and disclosures.
..Contact:.
.BUYINS.NETThomas Ronk800-715-9999tom@buyins.nethttp://www.buyins.net.....
ICCHEERLEADER, SVMI is ready for a new stage WHEN it actually is. Not on someone wishes.
About you saying orders have been made and revenues when posted will prove it. We'll how many orders, and will the number be high enough and recurring regularly enough with new customers?
We will have to wait and see.
Has everyone seen the new powerpoint from the website? It appears that there has been some ongoing hard work!
http://www.stwa.com/STWA/presentations/AOT_Brief_Dec2011.pdf
Snoooooooooore. Just looked at the Accumilation/Distribution line in a 3 year chart of SVMI and it's being semi heavily accumilated since around mid 2009, except for a small dip after the sell off after we hit .07 cents in 2010, then it has steadily climbed since. Do not take my word on it. Check it out. This is a good sign.
STWA Could Help Oil Industry Reduce Greenhouse Gas Emissions
Oil & Gas Industry Invested $71 Billion in Green Technologies
Press Release: Save The World Air, Inc. – 4 hours
SANTA BARBARA, CA--(Marketwire -12/07/11)- STWA, Inc. (OTC.BB: ZERO.OB - News) ("STWA" or the "Company"), an innovative company creating technology focused on energy efficiency of large-scale energy production and improved fuel economy for diesel fleets, highlighted today a key report issued by the American Petroleum Institute (API) which states that between 2000 and 2010, the U.S. based oil and natural gas industry invested $71 billion in greenhouse gas mitigating technologies in North America. This is far more than the $43 billion invested by the federal government and almost as much as the $74 billion invested by the rest of private industry combined between 2000 and 2010. A full copy of the report can be found at the end of the summary article on API's website at: http://www.api.org/Newsroom/investing-reduce-ghg.cfm.
STWA's Applied Oil Technology (AOT™) improves the efficiency with which oil flows through pipelines. As reported by the U.S. Department of Energy, AOT™ increased pipeline efficiencies by 13.14% to 13.55% when AOT™ was running at just one-third of its intended power capacity. AOT™ therefore has the potential to reduce greenhouse gas emissions created in the transport of oil by a similar percentage.
"This $71 billion number shows that the oil and gas industry is investing heavily in greenhouse gas reducing and alternative technologies, while the U.S. government projects that oil and gas will continue to be our nation's main source of energy for decades to come," stated STWA Chairman and CEO, Mr. Cecil Bond Kyte. "The wide scale adoption of AOT™ at oil pump stations across the U.S. would result in a very favorable impact for the environment and the oil industry."
"We continue our very productive research, development, and cooperative efforts with oil industry organizations and the U.S. Government's Department of Energy," concluded Kyte.
STWA has already received funding from the Pipeline Research Council International (PRCI), the energy pipeline industry's global collaborative research development organization. PRCI supported STWA's AOT™ field test conducted in conjunction with the U.S. Department of Energy (DOE) at the Rocky Mountain Oilfield Testing Center (RMOTC) in Wyoming. A full report of the test results published by the DOE's RMOTC can be found at: http://www.rmotc.doe.gov/PDFs/TS19_51141_Final%20Report.pdf.
About STWA, Inc.
STWA, Inc. (OTC.BB: ZERO.OB - News) is an innovative company creating technology focused on energy efficiency of large-scale energy production and improved fuel economy for diesel fleets. The Company's Patented and Patent Pending technologies, including AOT™ (Applied Oil Technology), under development with Temple University, and ELEKTRA™ (for Improved Diesel Engine Efficiency), provide efficient and cost-effective means of improving the efficacy of crude oil transport and diesel engine efficiency to assist in meeting global increasing energy demands and emission quality standards. Applications include: (AOT™) Crude oil extraction & delivery systems, including oil platforms, oil fields and pipeline transmission systems. (ELEKTRA™) Diesel trucks, trains, marine vessels, military fleets and jet turbines.
More information including a company Fact Sheet, logos and media articles are available at: http://www.stwa.com.
Safe Harbor Statement
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.
Contact:
Contact Information
Investor Relations
Mr. Andrew Haag
Managing Partner
IRTH Communications, LLC
Tel: +1-866-976-IRTH (4784)
E-Mail: Email Contact
Website: www.irthcommunications.com
Company Website: www.stwa.com
Mr. Jeremy Roe
Managing Partner
Integra Consulting Group, LLC
Tel: +1-925-262-8305
E-Mail: Email Contact
Website: www.integraconsultinggroup.com
Mtpprods, thank you for opening up and your post. I am a new shareholder. Too bad you cannot get anyone on the BOD with more experience in public companys to help you with those bumps or road blocks.
What's the matter OTC? Didn't you get enough attention as a child? Or are you trying to drive or keep the price down a little because of an agenda?
I am very happy about the rebirth of this penny stock. I bought 1/2 my shares at .0005 and sold some when SVMI spiked up to .07 cents. I sold enough to get all my money back and a nice profit and am sitting with a nice amount of free shares.
I do no put much weight on the cheerleaders or nay sayers, but rely on my own due dilligence and if I am wrong I know whom to blame. Although I have known DFW a long time and know of his rich back ground and he does not speak bs, and his opinion I do give weight to. He tells it like it is and from a wealth of experience.
After my due dilligence I am looking to an optimistic 2012 and 2013 with SVMI. I truly think we have the possibilty to surpass the .07 we hit awhile back. If I have come up with this opinion and you have the opposite it makes me wonder about your due dilligence or agenda? I do not consider myself a cheerleader or nay sayer, but would choose to keep balanced point of view. I lean one way or the other depending on what's happening with the company. True this stock might not make it, but it is slowly but surely looking better that it has in years. I am not going to make a list for you and leave your due dilligence or agenda up to you.
Me I am happy with this stock. Buy low and if it spikes up nicely sell some of your shares is my advice, worked well for me.
DFW, You posted: "still working on my contact and heading for 2nd base...
you know I am not sure what the true float is but there has to be at least 500 million shares free to trade and the fact that out of that many shares no one is selling says a lot in itself.. "
----------------------------------------------------------
Well 2nd base creates a lot of excitement, that's for sure. Ü Good luck!
And there is usually a lot of year end selling for taxes, but I do not see it with SAVI and hope I don't.
I truly think 2012 and 2013 will be very good years for Savi and we will break out next year. And I usually do not put much hope in penny stocks.
Great find Powdermt! Thanks for sharing. I think this AOT technology has great potential. Do you post on the Raging Bull board also about ZERO?
Is next year going to be the 1st year VPER makes a profit and stops the losses? Being a long, I doubt it but they are doing better than before. So maybe only a slight loss next year??? Although I hope they finally make it and turn a profit!
STWA Delivers Scheduled License Payments to Temple University
Company Secures Position as Exclusive Worldwide Rights Holder of Key Technologies
Press Release: Save The World Air, Inc. – 5 hours ago.
SANTA BARBARA, CA--(Marketwire -11/21/11)- Ensuring continued rights to its platform technology, STWA, Inc. (OTC.BB: ZERO.OB - News) ("STWA" or the "Company"), an innovative company creating technology focused on energy efficiency of large-scale energy production and improved fuel economy for diesel fleets, announced today that is has delivered the second of three scheduled license payments to Temple University per its two exclusive worldwide licensing agreements executed on August 9, 2011.
The exclusive licensing agreement covers STWA's Applied Oil Technology (AOT™) crude oil viscosity reduction technology and ELEKTRA™ for improved diesel engine efficiency, as well as future advancements to the technology through collaborative R&D between STWA and Temple University.
"Since the execution of our new exclusive worldwide licensing agreement with Temple University in August, we have delivered on our licensing payments, as well as a major development milestone by proving, as reported by the U.S. Department of Energy, AOT™ increases pipeline efficiencies by 13.14% to 13.55% when AOT™ was running at just one-third of its intended power capacity," stated STWA Chairman and CEO Mr. Cecil Bond Kyte. "We are moving forward with our next development milestones and look forward to continuing our very productive collaboration with Dr. Tao, Chairman of Temple University's Physics Department, and Temple's office of Technology Development and Commercialization."
Stephen G. Nappi, Director of Technology Development and Commercialization at Temple University added, "We are pleased with STWA's ability to advance the applied oil and fuel injection technologies beyond the laboratory setting to field-based proof-of-concept. In addition to achieving these significant development milestones, including the favorable results reported by the U.S. Department of Energy's Rocky Mountain Oilfield Testing Center, STWA continues to fulfill its obligations under our exclusive license agreements. We look forward to building from this momentum to optimize performance of these technologies and ready them for deployment in the marketplace."
About STWA, Inc.
STWA, Inc. (OTC.BB: ZERO.OB - News) is an innovative company creating technology focused on energy efficiency of large-scale energy production and improved fuel economy for diesel fleets. The Company's Patented and Patent Pending technologies, including AOT™ (Applied Oil Technology), under development with Temple University, and ELEKTRA™ (for Improved Diesel Engine Efficiency), provide efficient and cost-effective means of improving the efficacy of crude oil transport and diesel engine efficiency to assist in meeting global increasing energy demands and emission quality standards. Applications include: (AOT™) Crude oil extraction & delivery systems, including oil platforms, oil fields and pipeline transmission systems. (ELEKTRA™) Diesel trucks, trains, marine vessels, military fleets and jet turbines.
More information including a company Fact Sheet, logos and media articles are available at: http://www.stwa.com.
Safe Harbor Statement
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.
Contact:
Contact Information
Investor Relations
Mr. Andrew Haag
Managing Partner
IRTH Communications, LLC
Tel: +1-866-976-IRTH (4784)
E-Mail: Email Contact
Website: www.irthcommunications.com
Company Website: www.stwa.com
Mr. Jeremy Roe
Managing Partner
Integra Consulting Group, LLC
Tel: +1-925-262-8305
E-Mail: Email Contact
Website: www.integraconsultinggroup.com
@yahoofinance on Twitter, become a fan
Danger Will Robinson, danger! Big price per share drop with very large volume today. NOT a good sign!'
I don't think this stock will do anything this year. There is a small chance it will next year, but I am not holding my breath!!!
55 Chevy, have you heard any more talk by the CEO or anyone about them trying to get the stock reinstated next year? What was the last thing you heard, and when.
As always, thanks!
NEW PRESS RELEASE:
STWA Achieves Key Milestones in the Third Quarter of Fiscal 2011
AOT(TM) Oil Pipeline Technology Proves Effective and Moves Towards Commercial Application
Press Release: Save The World Air – 3 hours agoShare0EmailPrintCompanies:Save the World Air, Inc.RELATED QUOTESSymbol Price Change
ZERO.OB 0.30 +0.01
SANTA BARBARA, CA--(Marketwire -11/16/11)- STWA, Inc. (OTC.BB: ZERO.OB - News) ("STWA" or the "Company"), an innovative company creating technology focused on energy efficiency of large-scale energy production and improved fuel economy for diesel fleets, reached several key milestones during the third quarter ended September 30, 2011, leading the Company's Applied Oil Technology™ (AOT) toward commercialization. STWA announced test results quantifying the efficacy of both its AOT™ and ELEKTRA™ technologies. Milestones for the Company were achieved in technology, intellectual property, R&D funding, and strategic positioning for commercialization agreements.
AOT™ Improves Pipeline Efficiency by Over 13%
During Q3, STWA completed a key phase of testing with the U.S. Department of Energy's (DOE) Rocky Mountain Oilfield Testing Center (RMOTC) in Wyoming. According to RMOTC literature, the center's prime directive is, "The link between development and getting your technology to the industry." STWA's AOT™ test results were published in October by the DOE and RMOTC. The independently published report states STWA's AOT™ achieved significant gains in crude oil pipeline efficiency of 13.14% to 13.55%. These results mean that AOT™ could materially reduce oil transport costs and assist in US energy independence. The RMOTC can be found at the following link: http://www.rmotc.doe.gov.
Testing Funded by Leading Pipeline Industry Organization
STWA's testing at the DOE's RMOTC was funded in part by the Pipeline Research Council International (PRCI), which made a contract payment to STWA in the third quarter. The PRCI's website states, "The Pipeline Research Council International (PRCI) is the preeminent global collaborative research development organization of, by, and for the energy pipeline industry." PRCI is dedicated to assuring the maximum efficiency of research development and deployment through a highly-leveraged funding model of member and external funding, information sharing, cooperative project development, and the broad dissemination and application of its research results. PRCI can be found at the following link: http://www.prci.org
AOT™ Positioned for Near-Term Commercial Partnerships
As a result of the positive results published by the DOE and RMOTC, as well as the funding, support, and visibility it has received from PRCI and its members, STWA made an important transition in the third quarter. The Company's energy and cost saving AOT™ has come to the forefront of key decision makers and purchasers of complementary new technologies in the oil pipeline industry.
Secured Platform Technology and Future Intellectual Property Rights
In the third quarter of 2011, STWA signed an exclusive licensing agreement with Temple University reflecting updated technologies and terms covering intellectual property related to the Company's products. The new licensing agreement creates a convergent, non-divisional relationship with Temple University based largely on the grant of exclusive rights and co-ownership of future Intellectual Property (IP) through co-development. This agreement sets the stage for the next STWA and Temple to focus efforts on testing, scale-up, and commercialization of the technologies in the oil industry and for the benefit of society.
ELEKTRA™ Technology Achieved 4.1% Increased Fuel Efficiency In Diesel Engines
The Company's preliminary ELEKTRA™ prototypes have shown repeatable improvements in fuel economy of approximately 4.1% in the third quarter. Additional research is being conducted at this time at the Company's research facility in Morgan Hill, California to optimize the results above 4.1% and further support ELEKTRA™'s commercial proof of concept for improved fuel economy and reduced emissions in diesel engines. Based on these positive results, ELEKTRA™ will be undergoing additional testing and improvements with its co-development partner, Verdantec Technologies. ELEKTRA™ testing will be conducted concurrently with the testing of AOT™.
"This has been a pivotal quarter for us on many fronts and has culminated in a published report by the US Department of Energy and the Rocky Mountain Oil Field Testing Center, proving that our platform energy efficiency technology works. The 13%-plus improvement in efficiency for the transport of oil across pipelines is huge and quantifiable. AOT™ can save an estimated $12,000 to $25,000* per pump station, per day, for pipelines such as the Trans Alaska Pipeline System. Beyond reducing transportation costs, AOT™ can reduce carbon emissions created in the pipeline transport of oil," stated STWA Chairman and CEO, Mr. Cecil Bond Kyte. "We believe our work with the Department of Energy, partially funded by the Pipeline Research Council International, has positioned us favorably in front of the key decision makers in the oil and pipeline industry. They are aware of the benefits and savings AOT™ offers, as a complement to other current efficiency technologies being implemented."
Mr. Bjorn Simundson, Executive Director of Program Management and Operations of STWA, added, "In terms of technology, IP, and product development, we have really reached a turning point. Our achievements with AOT™ support our progress and potential for success with ELEKTRA™. We are now working diligently on our next AOT™ milestone in conjunction with the US Department of Energy and the Rocky Mountain Oil Field Testing Center."
*Estimate is calculated based upon published data from independent sources. According to a report by the Alyeska Pipeline Service Company (http://www.alyeska-pipe.com/Pipelinefacts/FACT-BOOK.pdf), the Trans Alaska Pipeline System (TAPS) uses 30,000 to 60,000 gallons of fuel oil per pump station, per day. AOT™ reduces energy required by fuel pumps by approximately 13%. The cost of fuel oil or heating oil, as of November 14, 2011 is $3.16 per gallon (http://www.sacbee.com/2011/11/14/4054096/oil-price-drops-near-98-per-barrel.html). The cost of fuel used at each pump station on the TAPS is approximately $94,800 - $189,600 per day. A 13% reduction in energy would mean a $12,324 - $24,648 reduction in costs.
About STWA, Inc.
STWA, Inc. (OTC.BB: ZERO.OB - News) is an innovative company creating technology focused on energy efficiency of large-scale energy production and improved fuel economy for diesel fleets. The Company's Patented and Patent Pending technologies, including AOT™ (Applied Oil Technology), under development with Temple University, and ELEKTRA™ (for Improved Diesel Engine Efficiency), provide efficient and cost-effective means of improving the efficacy of crude oil transport and diesel engine efficiency to assist in meeting global increasing energy demands and emission quality standards. Applications include: (AOT™) Crude oil extraction & delivery systems, including oil platforms, oil fields and pipeline transmission systems. (ELEKTRA™) Diesel trucks, trains, marine vessels, military fleets and jet turbines.
More information including a company Fact Sheet, logos and media articles are available at: http://www.stwa.com.
Safe Harbor Statement
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.
Contact:
Contact Information
Investor Relations
Mr. Andrew Haag
Managing Partner
IRTH Communications, LLC
Tel: +1-866-976-IRTH (4784)
E-Mail: Email Contact
Website: www.irthcommunications.com
Company Website: www.stwa.com
Mr. Jeremy Roe
Managing Partner
Integra Consulting Group, LLC
Tel: +1-925-262-8305
E-Mail: Email Contact
Website: www.integraconsultinggroup.com
Form 10-Q for SAVE THE WORLD AIR INC
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10-Nov-2011
Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
This Quarterly Report on Form 10-Q contains forward-looking statements. These forward-looking statements include predictions regarding our future:
? revenues and profits;
? customers;
? research and development expenses and efforts;
? scientific and other third-party test results;
? sales and marketing expenses and efforts;
? liquidity and sufficiency of existing cash;
? technology and products;
? the outcome of pending or threatened litigation; and
? the effect of recent accounting pronouncements on our financial condition and results of operations
You can identify these and other forward-looking statements by the use of words such as "may," "will," "expects", "anticipates," "believes," "estimates," "continues," or the negative of such terms, or other comparable terminology.
Forward-looking statements also include the assumptions underlying or relating to any of the foregoing statements.
Our actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors, including those set forth under the heading "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2010. All forward-looking statements included in this document are based on information available to us on the date hereof. We assume no obligation to update any forward-looking statements.
Overview
Save the World Air, Inc. ("STWA" or "Company" or "we") designs, licenses and develops products to improve energy efficiency of large-scale energy production and improve diesel engine performance reducing emissions and improving fuel economy. We are a green technology company that leverages a suite of patented, patent-pending and licensed intellectual properties related to the treatment of fuels. Technologies patented by or licensed to us utilize either magnetic or uniform electrical fields to alter physical characteristics of fuels and are designed to create cleaner combustion. Cleaner combustion has been shown to improve performance, enhance fuel economy and/or reduce harmful emissions in laboratory testing.
On August 9, 2011, Save The World Air, Inc. and Temple University entered into two Exclusive License Agreements. One Agreement relates to Temple's international patent applications, patents and technical information pertaining to technology associated with an electric and/or magnetic field assisted fuel injection system. The second agreement relates Temple's international patent applications and patents and technical information pertaining to technology to reduce crude oil viscosity. The License Agreements are exclusive to the Company and the territory licensed to the Company is worldwide.
We have two product lines; Applied Oil Technology ("AOT") and ELEKTRA?.
AOT
On July 16, 2010, the Company entered into a Letter of Intent with the U.S. Department of Energy-Naval Petroleum Reserve/Rocky Mountain Oilfield Testing Center (RMOTC) in Wyoming. On December 22, 2010, a formal Agreement was entered into with RMOTC for testing of our Applied Oil Technology (AOT). Third-party vendors and suppliers were used by the Company to provide the facility construction materials and the prototype's design and fabrication. To conduct the testing, the Company was responsible for upgrading the testing facility's existing infrastructure, located on the Naval Petroleum Reserve #3. Design and engineering began on January 6, 2011 and construction was completed on June 30, 2011.
The AOT Phase II testing began in July 2011 and resulted in successful operation of the test facility, and lower backpressure line-loss caused by the device than anticipated. The Phase II, Stage I testing of the prototype yielded important information and data to the Company's product development team for commercialization upgrades. Costs incurred for the testing during the nine months ended September 30, 2011 was $581,680. (See "Item 5 Other information")
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Elektra
The Company's ELEKTRA technology improves diesel fuel economy in both land and marine diesel engines. The Company' preliminary experimental prototypes have shown repeatable improvements in fuel economy. Research is being conducted under controlled conditions at the Company's research facility in Morgan Hill California.
We operate in a highly competitive industry. Many of our activities are subject to governmental regulation. We have taken aggressive steps to protect our intellectual property.
There are significant risks associated with our business, our Company and our stock.
We are a development stage Company that generated minimal revenues in 2006 and 2007. We did not generate any sales or revenues in 2008, 2009, 2010 or through September 30, 2011. Our expenses to date have been funded primarily through the sale of stock and convertible debt, as well as proceeds from the exercise of stock purchase warrants. We raised capital in 2010 and will need to raise substantial capital in 2011, and beyond, to fund our continuing research and development, sales and marketing efforts and certain other expenses, until our revenue base grows sufficiently to cover such expenditures. See "Management's Discussion and Analysis" below.
Our company was incorporated on February 18, 1998, as a Nevada corporation, under the name Mandalay Capital Corporation. We changed our name to Save the World Air, Inc. on February 11, 1999, following the acquisition of marketing and manufacturing rights of the ZEFS (legacy) technologies. Our mailing address is 735 State Street, Suite 500, Santa Barbara, California 93101. Our telephone number is (805) 845-3581. Our corporate website is www.stwa.com.
Our common stock is quoted under the symbol "ZERO" on the Over-the-Counter Bulletin Board
Results of Operations
We did not generate any revenue for the three-month and nine-month periods ended September 30, 2011 and 2010.
Operating expenses were $2,129,273 for the three-month period ended September 30, 2011, compared to $389,519 for the three-month period ended September 30, 2010, an increase of $1,739,754. This increase is attributable to increases in non-cash expenses of $1,371,300 and cash expenses of $368,454. Specifically, the increase in non-cash expenses is attributable to stocks and warrants given to consultants of $1,047,012, valuation of options given to employees as compensation of $323,761 and depreciation of $527. Specifically, the increase in cash expenses is attributable to increases in consulting and professional fees of $234,081, salaries and benefits of $95,613 and office and other expenses of $44,010, offset by decreases in corporate expenses of $4,667 and travel expenses of $583.
Operating expenses were $4,640,508 for the nine-month period ended September 30, 2011, compared to $3,011,488 for the nine-month period ended September 30, 2010, an increase of $1,629,020. This increase is attributable to increases in non-cash expenses of $1,074,402 and cash expenses of $554,618. Specifically, the increase in non-cash expenses is attributable to stocks and warrants given to employees of $713,026 and valuation of stocks and warrants given to consultants of $361,485, offset by a decrease in depreciation of $109. Specifically, the increase in cash expenses is attributable to increases in consulting and professional fees of $327,621, office and other expenses of $80,836, salaries and benefits of $106,884 and corporate expenses of $45,898, offset by a decrease in travel and related expenses of $6,621.
Research and development expenses were $379,391 for the three-month period ended September 30, 2011, compared to $140,486 for the three-month period ended September 30, 2010, an increase of $238,905. This increase is attributable to an increase in contract fees of $303,516, offset by decreases in product testing, research and supplies of $38,111 and travel and related expenses of $26,500.
Research and development expenses were $931,959 for the nine-month period ended September 30, 2011, compared to $344,581 for the nine-month period ended September 30, 2010, an increase of $587,378. This increase is attributable to an increase in product testing, research and supplies of $510,625, contract fees of $103,253, offset by a decrease in travel and related expenses of $26,500.
Other income (expense) were $256,910 in income for the three-month period ended September 30, 2011, compared to $431,331 in expense for the three-month period ended September 30, 2010, an increase in income of $688,241. This increase is attributable to increases in income from change in fair value of derivative liabilities of $1,128,784 and other non-operating income of $112,453, offset by an increase in interest and financing expense of $552,996
Other income expense were $1,937,748 expense for the nine-month period ended September 30, 2011, compared to $3,226,579 expense for the nine-month period ended September 30, 2010, a decrease in expense of $1,288,831. This decrease is attributable to an increase in income from change in fair value of derivative liabilities of $1,421,239, decreases in cost of private placement of $1,129,212, costs to induce conversion of notes of $168,340, and an increase in other income of $145,707, offset by increase in interest and financing expense of $1,575,667.
We had a net loss of $2,251,754, or $0.02 per share, for the three-month period ended September 30, 2011, compared to a net loss of $961,336, or $0.01 per share, for the three-month period ended September 30, 2010. We had a net loss of $7,511,015, or $0.07 per share, for the nine-month period ended September 30, 2011, compared to a net loss of $6,583,448, or $0.07 per share, for the nine-month period ended September 30, 2010. We expect to incur a net loss in the fiscal year ending December 31, 2011 primarily attributable to continued research and development and operating and marketing-related expenditures without the benefit of any significant revenue for the remainder of the year.
Liquidity and Capital Resources
Since its inception, we have been primarily engaged in organizational, research and development and pre-operating activities. We have generated insignificant revenues and have incurred accumulated losses of $65,943,935 from February 18, 1998 (Inception) through September 30, 2011. As reflected in the accompanying condensed consolidated financial statements, we had a net loss of $7,511,015 and a negative cash flow from operations of $3,822,791 for the nine months ended September 30, 2011, and had a working capital deficiency (excluding derivative liabilities) of $2,103,342 and a stockholders' deficiency of $2,951,012 at September 30, 2011. As a result, our independent registered public accounting firm, in their report on our 2010 consolidated financial statements, raised substantial doubt about our ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.
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Our ability to continue as a going concern is dependent upon our ability to raise additional funds and implement our business plan. Our operations from inception, February 18, 1998 to September 30, 2011 have been funded through issuances of our common stock and convertible notes. During this period, we raised an aggregate of $25,852,482 of which $15,036,408 was from the sale of convertible notes. As of September 30, 2011, the outstanding balance of convertible notes was $310,077, of which $284,764 represented the 2011 Winter and Spring Offerings which closed February 28, 2011 and May 31, 2011 respectively. All of the 2011 Summer Offering notes of $487,783 were converted into shares of our common stock. We expect substantially all of the outstanding notes will be converted into shares of common stock of the Company.
On September 30, 2011, we had cash on hand in the amount of $4,594. In addition to the funds on hand, we will require additional funds to continue to operate our business. (From October 1, 2011 through November 7, 2011, we have received $714,500 from 2011 Fall Offerings, which will close on November 30, 2011, See "Note 10. Subsequent events"). This includes expenses we will incur in connection with license agreements; product development and commercialization of the AOT and ELEKTRA technologies; costs to manufacture and ship our products; costs to design and implement an effective system of internal controls and disclosure controls and procedures; costs of maintaining our status as a public company by filing periodic reports with the SEC and costs required to protect our intellectual property. In addition, we have contractual commitments for salaries to our executive officers pursuant to employment agreements, consulting fees and Licensing Fees commitment to Temple University, during 2011 and beyond. In light of our financial commitments over the next several months and our liquidity constraints, we have implemented cost reduction measures in all areas of operations. We intend to review these measures on an ongoing basis and make additional decisions as may be required.
Details of Recent Financing Transactions
2009 Fall Offering. From October 2, 2009 to January 15, 2010, we conducted and completed a private offering (the "Fall 2009 Offering") consisting of an aggregate of $1,588,125 of 7% Convertible Promissory Notes (the "Notes") with interest compounded quarterly at the annual rate of 7% payable at maturity, and warrants to purchase an aggregate of 6,352,500 shares of our common stock (the "Fall 2009 Warrants"). We received $1,186,875 net proceeds, of which $344,500 was received as of December 31, 2009. The Fall 2009 Notes mature on the second anniversary of the closing of this offering and will be convertible, at the option of the note holder, into up to 6,352,500 shares of our common stock at a conversion price of $0.25 per share. The Fall 2009 Warrants are for a term of three years at an exercise price of $0.30 per share.
Each of the warrant agreements included an anti-dilution provision that allowed for the automatic reset of the exercise price upon any future sale of common stock or warrants at or below the current exercise price. We considered the current Financial Accounting Standards Board guidance of "Determining Whether an Instrument Indexed to an Entity's Own Stock" which indicates that any adjustment to the fixed amount (either conversion price or number of shares) of the instrument regardless of the probability or whether or not within the issuers' control, means the instrument is not indexed to the issuers own stock. Accordingly, we determined that as the strike price of these warrants contain exercise prices that may fluctuate based on the occurrence of future offerings or events, and as such is not a fixed amount. As a result, we determined that these warrants are not considered indexed to our own stock and characterized the fair value of these warrants as derivative liabilities upon issuance.
We determined that the fair value of the warrant liability at issuances to be $3,027,815 based upon a probability weighted average Black-Scholes-Merton calculation (See Note 8), of which, $654,978 was recorded on December 31, 2009 and $2,372,837 was recorded on January 15, 2010. We recorded the full value of the derivative of $2,372,837 as a liability at issuance with an offset to valuation discount. As the fair value of the liability of $2,372,837 exceeded the note value of $1,243,625, the excess of the liability over the note amount of $1,129,212 was considered to be cost of the private placement and was recorded upon issuance. The fair value of the warrant liability as of September 30, 2011 was $750,549 (see Note 8).
As of September 30, 2011, investors have converted $1,578,125 of the Convertible Notes plus interest of $11,502 into 6,358,507 shares of our common stock. The outstanding balance at September 30, 2011 is $11,257 which includes $1,257 in accrued interest.
2010 Winter Offering. From February 15, 2010 to March 31, 2010, we conducted a private offering (the "Winter 2010 Offering") consisting of an aggregate of $885,863 face amount of its Convertible Promissory Notes (the "Winter 2010 Notes") have been sold for an aggregate purchase price of $805,330. While the stated interest rate on the Winter 2010 Notes is 0%, the implied interest rate on the Winter 2010 Notes is 10% per annum. The Winter 2010 Notes mature on the first anniversary of their date of issuance. The Winter 2010 Notes are convertible, at the option of the note holder, into 2,214,657 shares of our common stock (the "Conversion Shares") at an initial conversion price of $0.40 per share (the "Conversion Price").
Each of the investors in the Winter 2010 Offering received, for no additional consideration, a warrant (the "Winter 2010 Warrants"), entitling the holder to purchase a number of shares of our common stock equal to 100% of the number of shares of common stock into which the Winter 2010 Notes are convertible (the "Warrant Shares"). Each Winter 2010 Warrant is exercisable on a cash basis only at an initial price of $0.40 per share, and is exercisable immediately upon issuance and for a period of two (2) years from the date of issuance. Up to 2,214,657 Warrant Shares are initially issuable to date on exercise of the Winter 2010 Warrants.
We received $805,330 in net proceeds in the Winter 2010 Offering which was used for general corporate purposes and working capital. The aggregate value of the Winter 2010 Offering Warrants issued were valued at $476,268 using the Black-Scholes-Merton option valuation model with the following assumptions; risk-free interest rate of 1.02; dividend yield of 0%; volatility factors of the expected market price of common stock of 135%; and an expected life of two years (statutory term) and vest immediately upon issuance. We also determined that the notes contained a beneficial conversion feature of $329,062. As of September 30, 2011, the aggregate value of the Winter 2010 Offering Warrants, the beneficial conversion feature and the implied discount and transaction fees of $80,533 are considered as debt discount and were fully amortized in conjunction with the conversion of the notes.
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As of September 30, 2011, investors have converted $885,863 of the Convertible Notes into 2,214,657 shares of our common stock. There was no outstanding balance at September 30, 2011.
2010 Spring Offering. From April 15, 2010 to April 30, 2010, we conducted a private offering (the "Spring 2010 Offering") consisting of an aggregate of $143,000 face amount of its Convertible Promissory Notes (the "Spring 2010 Notes") have been sold for an aggregate purchase price of $130,000. While the stated interest rate on the Spring 2010 Notes is 0%, the actual interest rate on the Spring 2010 Notes is 10% per annum. The Spring 2010 Notes mature on the first anniversary of their date of issuance. The Spring 2010 Notes are convertible, at the option of the note holder, into 357,500 shares of our common stock (the "Conversion Shares") at an initial conversion price of $0.40 per share (the "Conversion Price").
Each of the investors in the Spring 2010 Offering received, for no additional consideration, a warrant (the "Spring 2010 Warrants"), entitling the holder to purchase a number of shares of our common stock equal to 100% of the number of shares of common stock into which the Spring 2010 Notes are convertible (the "Warrant Shares"). Each Spring 2010 Warrant is exercisable on a cash basis only at an initial price of $0.40 per share, and is exercisable immediately upon issuance and for a period of two (2) years from the date of issuance. Up to 357,500 Warrant Shares are initially issuable to date on exercise of the Spring 2010 Warrants.
We received $130,000 in net proceeds in the Spring 2010 Offering which was used for general corporate purposes and working capital. The aggregate value of the Spring 2010 Offering Warrants issued were valued at $62,730 using the Black-Scholes-Merton option valuation model with the following assumptions; risk-free interest rate of .41; dividend yield of 0%; volatility factors of the expected market price of common stock of 110%; and an expected life of two years (statutory term) and vest immediately upon issuance. We also determined that the notes contained a beneficial conversion feature of $67,270. As of September 30, 2011, the aggregate value of the Spring 2010 Offering Warrants, the beneficial conversion feature and the implied discount and transaction fees of $13,000 are considered as debt discount and were fully amortized in conjunction with the conversion of the notes.
As of September 30, 2011, investors have converted $143,000 of the Convertible Notes into 357,500 shares of our common stock. There was no outstanding balance at September 30, 2011.
2010 Summer Offering. From June 14, 2010 to July 31, 2010, we conducted and concluded a private offering (the "Summer 2010 Offering") consisting of up to $500,000 aggregate face amount of out convertible notes (the " Summer 1010 Notes). A total of $392,150 Summer 2010 Notes were sold to twenty six accredited investors for an aggregate purchase price of $356,500. While the stated interest rate on the Summer 2010 Notes is 0%, the actual interest rate on the Summer 2010 Notes is 10% per annum. The Summer 2010 Notes mature on the first anniversary of of the closing of this offering and will be convertible, at the option of the note holder, into up to 1,568,600 shares of our common stock at a conversion price of $0.25 per share (the "Conversion Price").
Each of the investors in the Summer 2010 Offering will receive, for no additional consideration, a warrant (the "Summer 2010 Warrants"), entitling the holder to purchase a number of shares of our common stock equal to 100% of the number of shares of common stock into which the Summer 2010 Notes are convertible (the "Warrant Shares"). Each Summer 2010 Warrant is exercisable on a cash basis only at an initial price of $0.30 per share, and is exercisable for a period of twenty four months. Up to 1,568,600 Warrant Shares are initially issuable on exercise of the Summer 2010 Warrants.
We received $356,500 in net proceeds in the Summer 2010 Offering which was used for general corporate purposes and working capital. The aggregate value of the Summer 2010 Offering Warrants issued were valued at $209,512 using the Black-Scholes-Merton option valuation model with the following assumptions; risk-free interest rate of .55; dividend yield of 0%; volatility factors of the expected market price of common stock of 132%; and an expected life of two years (statutory term) and vest immediately upon issuance. We also determined that the notes contained a beneficial conversion feature of $146,988. As of September 30, 2011, the aggregate value of the Summer 2010 Offering Warrants, the beneficial conversion feature and the implied discount and transaction fees of $35,650 are considered as debt discount and were fully amortized in conjunction with the conversion of the notes.
As of September 30, 2011, investors have converted $392,150 of the Convertible Notes into 1,568,600 shares of our common stock. There was no outstanding balance at September 30, 2011.
2010 Fall Offering. From August 10, 2010 to September 30, 2010, we conducted and concluded a private offering (the "Fall 2010 Offering") consisting of up to $600,000 aggregate face amount of out convertible notes (the "Fall 1010 Notes). A total of $174,482 Fall 2010 Notes were sold to ten accredited investors for an aggregate purchase price of $158,620. While the stated interest rate on the Fall 2010 Notes is 0%, the actual interest rate on the Fall 2010 Notes is 10% per annum. The Fall 2010 Notes mature on the first anniversary of the closing of this offering and will be convertible, at the option of the note holder, into up to 697,928 shares of our common stock at a conversion price of $0.25 per share (the "Conversion Price").
Each of the investors in the Fall 2010 Offering will receive, for no additional consideration, a warrant (the "Fall 2010 Warrants"), entitling the holder to purchase a number of shares of our common stock equal to 100% of the number of shares of common stock into which the Fall 2010 Notes are convertible (the "Warrant Shares"). Each Fall 2010 Warrant is exercisable on a cash basis only at an initial price of $0.30 per share, and is exercisable for a period of twenty four months. Up to 697,928 Warrant Shares are initially issuable on exercise of the Fall 2010 Warrants.
We received $158,620 in net proceeds in the Fall 2010 Offering which was used for general corporate purposes and working capital. The aggregate value of the Fall 2010 Offering Warrants issued were valued at $88,113 using the Black-Scholes-Merton option valuation model with the following assumptions; risk-free interest rate of .42; dividend yield of 0%; volatility factors of the expected market price of common stock of 135%; and an expected life of two years (statutory term) and vest immediately upon issuance. We also determined that the notes contained a beneficial conversion feature of $70,507. As of September 30, 2011, the aggregate value of the Summer 2010 Offering Warrants, the beneficial conversion feature and the implied discount and transaction fees of $15,862 are considered as debt discount and were fully amortized in conjunction with the conversion of the notes.
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As of September 30, 2011, investors have converted $174,482 of the Convertible Notes into 697,928 shares of our common stock. There was no outstanding balance at September 30, 2011.
2010 Fall Offering #2
From October 4, 2010 to November 30, 2010, we conducted and concluded a private offering (the "Fall 2010 Offering #2") consisting of up to $3,000,000 aggregate face amount of its convertible notes (the " Fall 2010 Notes). A total of $940,347 Fall 2010 #2 Notes were sold to ten accredited investors for an aggregate purchase price of $849,861. While the stated interest rate on the Fall 2010 #2 Notes is 0%, the actual interest rate on the Fall 2010 #2 Notes is 10% per annum. The Fall 2010 #2 Notes mature on the first anniversary of the closing of this offering and will be convertible, at the option of the noteholder into 3,761,386 shares of our common stock at a conversion price of $0.25 per share (the "Conversion Price").
Each of the investors in the Fall 2010 #2 Offering will receive, for no additional consideration, a warrant (the "Fall 2010 #2 Warrants"), entitling the holder to purchase a number of shares of our common stock equal to 100% of the number of shares of common stock into which the Fall 2010 #2 Notes are convertible (the "Warrant Shares"). Each Fall 2010 Warrant is exercisable on a cash basis only at an initial price of $0.30 per share, and is exercisable for a period of twenty four months. Up to 3,761,386 Warrant Shares are initially issuable on exercise of the Fall 2010 #2 Warrants.
We received $849,861 in net proceeds in the Fall 2010 #2 Offering which was used for general corporate purposes and working capital. The aggregate value of the Fall 2010 #2 Offering Warrants issued were valued at $436,986 using the Black-Scholes-Merton option valuation model with the following assumptions; risk-free interest rate of .27; dividend yield of 0%; volatility factors of the expected market price of common stock of 121%; and an expected life of two years (statutory term) and vest immediately upon issuance. We also determined that the notes contained a beneficial conversion feature of $417,875. As of September 30, 2011, the aggregate value of the Fall 2010 #2 Offering Warrants, the beneficial conversion feature and the implied discount and transaction fees of $85,486 were considered as debt discount and were amortized over the life of the notes or . . .
Add ZERO.OB to Portfolio
A link to a YouTube video showed up on Yahoo Finance ZERO message board this morning. Definitely a feel good message if there ever was one.
Thanks Pandra!
Hey Pandra, I want to get one on my Toyota truck. Do you have their telephone number and address? How much did it cost? Total cost?
DFW, thank you very much for sharing your experience at SEMA and the rest. And thanks for trying to help our company. I wish I would have know you were at SVMI recently, I would have driven down to meet you in person and have a new DV installed at the same time as I live in California.
Great news today! I'm in.
Interesting volume and increase of pps today! Good job Stock-Hunter, thanks for sharing.
STWA's Applied Oil Technology (AOT(TM)) May Alleviate Oil Transportation Challenges for Bakken Shale Formation and Other Domestic Oil Producing Regions
Company's New Technology Could Materially Increase Pipeline Flow Rates While Reducing Costs of Transportation
Press Release Source: Save The World Air, Inc. On Thursday November 3, 2011, 7:00 am EDT
SANTA BARBARA, CA--(Marketwire -11/03/11)- STWA, Inc. (OTC.BB: ZERO.OB - News) ("STWA" or the "Company"), an innovative company creating technology focused on energy efficiency of large-scale energy production and improved fuel economy for diesel fleets, commented today that its Applied Oil Technology (AOT™) for supplemental oil viscosity reduction may solve oil transportation challenges for domestic oil producers by increasing pipeline flow rates and reducing pipeline transportation costs. This includes pipelines in regions such as the Bakken Shale, formation where production has been increasing rapidly according to the U.S. Energy Information Administration, from one million to fifty million barrels per year from 2005 to 2009. More information can be found at: http://www.eia.gov/todayinenergy/detail.cfm?id=490
STWA's Applied Oil Technology (AOT™) is a new technology that treats crude oil within transport pipeline networks to reduce pipeline energy consumption per mile. As treatment is deployed, flow resistance within the pipeline decreases, reducing cost per barrel transportation costs and allowing flow rates to increase. AOT™ has been shown in recent field testing at the U.S. Department of Energy's (DOE) Rocky Mountain Oilfield Testing Center (RMOTC) to deliver immediate pipeline efficiency gains of 13.14% to 13.55% when operating at one-third of its minimum power requirement. The purpose of the new technology is to reduce the operation costs of pipelines per barrel of crude oil.
"We believe that major domestic pipeline companies stand to benefit from the implementation of AOT™," stated Mr. Cecil Bond Kyte, Chairman and CEO of STWA, Inc. "The issue is not (oil) depletion, but rather the difficulty of extraction and transportation. These include projects such as the Bakken Marketlink, which will deliver U.S. crude oil from Baker, Montana to Cushing, Oklahoma, as well as other projects where heavier grades of oil need to be moved through pipelines in cold weather conditions. The Bakken formation is certainly one of the fastest growing crude oil production regions in the U.S. today where there simply isn't enough capacity to transport what is being pulled from the ground. We believe the commercialization and application of AOT™ will help producers in the Bakken Shale formation area and other domestic regions alleviate some of the difficulty in extraction and transportation of crude oil from new regions."
Mr. Kyte added, "As we predicted, 2011 is shaping up to be a monumental year for STWA. Field scale testing of a working AOT™ prototype is an exciting development. We believe the relevance our technology to the energy supply delivery system is enormous and could provide a security advantage in its ability to assist in U.S. energy independence."
About STWA, Inc.
STWA, Inc. (OTC.BB: ZERO.OB - News) is an innovative company creating technology focused on energy efficiency of large-scale energy production and improved fuel economy for diesel fleets. The Company's Patented and Patent Pending technologies, including AOT™ (Applied Oil Technology), under development with Temple University, and ELEKTRA™ (for Improved Diesel Engine Efficiency), provide efficient and cost-effective means of improving the efficacy of crude oil transport and diesel engine efficiency to assist in meeting global increasing energy demands and emission quality standards. Applications include: (AOT™) Crude oil extraction & delivery systems, including oil platforms, oil fields and pipeline transmission systems. (ELEKTRA™) Diesel trucks, trains, marine vessels, military fleets and jet turbines.
More information including a company Fact Sheet, logos and media articles are available at: http://www.stwa.com.
Safe Harbor Statement
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.
Contact:
Investor Relations Mr. Andrew HaagManaging Partner IRTH Communications, LLC Tel: +1-866-976-IRTH (4784) E-Mail: Email Contact Website: www.irthcommunications.comCompany Website: www.stwa.comMr. Jeremy RoeManaging Partner
Interesting higher than normal volume today. Makes one say, "Hmmmmmmm"?