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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 23, 2012
Save The World Air, Inc.
(Exact Name of Registrant as Specified in Charter)
Nevada 0-29185 52-2088326
(State or other jurisdiction
of incorporation)
(Commission File Number) (IRS Employer
Identification No.)
735 State Street, Suite 500
Santa Barbara, CA
93101
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (805) 845-3581
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 3.02 Unregistered Shares of Equity Securities
From June 29, 2012 through July 23, 2012, the Company issued and sold an aggregate of $568,920 of Convertible Promissory Notes (the “Notes”) and warrants to purchase an aggregate of 1,422,300 shares of common stock (the “Warrants”). The Company received gross proceeds from the closing of the private placement of $517,200.
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 $0.40 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 three years at an exercise price of $0.40 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) and Regulation D (Rule 506) 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
10.3
Form of Convertible Promissory Note
Form of Common Stock Purchase Warrant
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
SAVE THE WORLD AIR INC.
Date: July 31, 2012 By: /s/ Cecil Bond Kyte
Name: Cecil Bond Kyte
Title: Chief Executive Officer
3
EXHIBIT INDEX
Exhibit No. Description
10.1 Securities Purchase Agreement
10.2 Form of Convertible Promissory Note
10.3 Form of Common Stock Purchase Warrant
4
Zarasso, The AOT installation of the 300km pipeline is part of the last phase (3) testing, but yes I thinks it's very possible to get a contract toward the end of the year or beginning of next year with China. The Chinese should be very excited after Phase 2 testing is finished and gives them 40% results or so. They are hoping for a minimum of 16% imo.
I noticed they are using AOT version 1.2 for China testing. We have AOT 2.0, so that must be for USA or another Countries testing which is a newer updated version. I think we could hear of more testing results in the next few months followed by a contract other than China too.
News out from stwa regarding China
STWA Ships Oil Pipeline Efficiency Unit to PetroChina CPP/CNPC for Phase II Testing
Shipment Signifies the 'Go Forward' Point of Stage 2 in a 3 Stage Testing Process Required for Commercialization of AOT(TM) in the Largest Energy Consuming Nation in the World
SANTA BARBARA, CA, Jul 31, 2012 (MARKETWIRE via COMTEX) -- STWA, Inc. (OTCBB: ZERO) ("STWA" or the "Company"), a developer of applied solutions for oil and fuel delivery systems in the multi-billion dollar oil pipeline and diesel engine markets, announced today that its groundbreaking oil pipeline energy-efficiency system has been loaded for shipment to China. The unit is being transported to begin Phase II of the three-Phase commercialization acceptance process as mandated by China Petroleum Pipeline Administration (CPP). The testing is to be conducted at the CPP/CNPC PetroChina Pipeline R&D Center in Langfang, China.
The AOT(TM) 1.2v being shipped to Langfang, China is the same unit used for testing with the U.S. Department of Energy (US DOE) at the Rocky Mountain Oilfield Testing Center (RMOTC). This prototype unit generated successful test data at the U.S. test facility beginning in October 2011.
AOT 1.2v has begun its 5-week journey to cross the Pacific, landing in Langfang, China at the China Petroleum Pipeline Administration's Pipeline Flow Assurance Test Center in Langfang, where CPP will begin Field Loop Tests on STWA's system.
STWA recently announced the successful completion of Phase I of the commercialization acceptance process of Laboratory Testing conducted at the CPP PetroChina Pipeline R&D Center. AOT(TM)'s effectiveness in reducing the viscosity of three of the most widely consumed crude oil grades in China was evaluated. The upcoming Phase II Field Loop test is to be followed by Phase III, the final stage, which is a commercial implementation Pilot Program.
"We are proceeding on schedule with regulatory approvals in China. Interactions with our commercialization partner, TDC, and the Chinese regulatory body, CPP, have been very productive and constructive. We look forward to AOT(TM)'s arrival in China and the successful implementation of our Field Loop Test. In anticipation of the Phase II test's completion, TDC has already identified a 300 kilometer, 27 inch pipeline where AOT(TM) may be installed for the final Phase III commercial implementation Pilot Program," stated STWA CEO Mr. Cecil Bond Kyte.
CPP testing is being conducted in conjunction with STWA's commercialization partner in China, TDC. As per the terms of STWA's Cooperation Framework Agreement, TDC is responsible for the full costs of implementing the testing and certification of AOT(TM) with CPP.
From the financials-
"Revenues
Our overall revenues consisted of $2,026 for the year ended 2010 and $38,930 for the
year ended 2011 and $8,616 for the first quarter of 2012. We expect our revenues to
continue to increase as we look to expand our current business operations and increase
sales activities."
(I thought I heard Serge say during his last Shareholders speach that the 1st quarters sales this year outdid the entire sales of 2011? Or something simular?)
6 billion shares authorized, and the rest. WOW
Yep Otc, you should have sold at .02 cents. Your to blame on that. I sold some of mine a little above that and wish I had sold all, but my fault. At least my current shares are free.
So I will hang around disapointed for at least another year to see if they can actually start selling this in any numbers. But I am not putting a lot of hope they will anymore.
Form 8-K for SAVE THE WORLD AIR INC
--------------------------------------------------------------------------------
23-Jul-2012
Other Events
Item 8.01 Other Events
On June 19, 2012, the Board determined that the Company's annual meeting of shareholders shall be held on September 21, 2012, in Santa Barbara, California, and set July 20, 2012, as the record date for the meeting.
Rick Thomas
Thank you for letting us know about the financials. I would not have proabaly looked until tomorrow. Looks like you have a new important job or mission per your statemsnt.-
"There's a lot of work left to do. Believe me we are not done. We are adding a seasoned salesperson to the staff. And I am now charged with making revenue generation of utmost importance in building this company...taking this company to another level from more and more DynoValve sales."
Making revenue generation of utmost importance will definately help build shareholder value. Nice to have you aboard and I just strapped on my seat belts and am ready for a nice ride.
"So Rick what is your timetable for seeing this improve for Savi?"
Coolhandluke, It's interesting that SVMI does not have many typical penny stock players.
I hope they "start" to prove it to us by next month.
Coolhandluke, I guess "comprehension" is not your strong point. I guess you cup is too full to taste someone else's tea.
I did not say SVMI was NOT a bad penny stock. Nor did I say it was a good one. I said it was not a scam one. I live an hour away from SVMI and decided to visit them. They are a real business. I have also done other DD.
And yes I think a couple of the traders here are not experienced enough to be trading penney stocks well. I am not the most experienced or the best trader of penney stocks, but all my SVMI shares are free and I made a profit as I sold part of mine during the spike up several years ago. I always sell at least part of my shares during a medium or major spike when I am in the profit mode. Some here have much more knowledge than I on penney stocks. I am good with large caps. And prefer trading them.
But I do agree with your last paragraph to me. Investors do need more than just a "trust me, we are doing this." They need the financials out (and to be decent) and to be more consistant on their goals and that could well indeed draw a lot more investors.
It seems to me like they are starting to put it all together and when they finish their recent promises, should start to reap some good results. Hope we all make some nice money on this stock.
NC Jim, I am mildly disapointed also in SVMI's missing of deadlines, especially of the "financials." But it gets tiring of hearing the same whining statements everyday. (Yes, they are very good at missing deadlines) It's like a little kid saying ,"are we there yet? Are we there yet? Are we there yet?" It's not speeding things up.
I have given SVMI certain mental deadlines to complete certain things or I am out. And it's not next week. I don't mind complaining (whining), I do it and it can create good diaglogue. But I get it by the 2nd time someone says it. It's ok if it's the 5th time or whatever if your working on a solution.
I was not picking on your post as I enjoy many of yours. And I like Lastays attitude on it. He see's the progress and what's probably around the corner. But autited financials are very important for investors and reports to the SEC. It's part of our DD to see how the company is really doing. I also see possible good things around the corner. Hope the financials are done soon and that the company knows how important they are to us investors! I know some have called the company about it.
I see we have posters who are not suited to trading penney stocks. They miss many deadlines and goals. Don't share enough information of what's going on. Are not fully reporting. No kidding! Welcome to the penny world including scam artist penny stocks, which I know SVMI is not!
Simple pimple, trade Large Cap stocks who are fully reporting companys and meet more of their deadlines. Then we won't have to serve cheese with all your wine (whine).
idkmybffjill, I noticed the stock buy backs early in the beginning of the year. From memory AT&T was around $29 and some change to $30 a share or so. So even though I own shares in my IRA I thought it might be a good idea to trade it in my regular trading account.
As the buy back amount was quite large and to be spread thru the year, I knew it would help support the stock price. Well needless to say it was a good idea as the stock is now almost $36 and I have picked up some nice dividends. I just don't know how much longer it will keep going up. So even though I am going to leave my AT&T shares alone in my IRA, I will probably sell the ones in my trading account after it pays the next dividend. I am contemplating putting the money in some nice undervalued stocks then. Timing is important.
Thanks!
Nice! It does pay a great dividend and is a safe company. I am doing the same thing with my IRA with AT&T as I bought those shares way back at $19 to $26 range.
But with my regular trading account I am very agressive and move in and out. I got in around $29 in my regular trading account in the beginning of the year when I heard the company was doing a large share buy back and thinks the run up could be over for awhile come around October or so? Just guessing with the election, economy and maybe the share buy backs will be over with?
In my regular trading accout sometimes I will buy in right before the ex-div date to collect the dividend (4 or 5 days before on a down day), then get out if it's on and up trend after it pays the dividend. So I collect the dividend and make money on the increase of share price. I am thinking this up trend could be over in a few months.
I found another Telephone company stock that pays around what AT&T pays and is only $13 a share. I am still in research mode on them. The are France Telecom, ticker FTE. They look like they could be on there way up. I just started researching on it.
Yes AT&T is doing a lot better than the market right now. I believe one of the main reasons is that AT&T is doing a major stock buy back this year. It really helps support the share price, makes it easier to go up, and increases share holder value.
But I am nervous that after the stock buy back finishes, she could go down a bit. I am starting to think when I should get out? Anyone have any idea's on the time to get out and why?
I think AT&T will keep going up until the beginning of October or so.
I just wanted to personally thank Lastay, Alibi, Rick Thomas, and especially DFW for your AWESOME and often informative posts! (and a couple others I cannot recall right now) You guys are the main reason I love checking out this board.
Wow, that Zebco fiasco sounds like a drag. I have personally used Fidelity, E-Trade and Scottrade with no problems on penny stocks. But I am not a day trader type. E-trade is probably the friendlist with DTC chilled stocks.
55 Chevy, Thank you for answering and I am glad your still around. I sent them a couple emails with no responce. I wonder if they truly have any plans to expand their product lines or it's just a wild dream or thought. This could be just a line from him? But let's hope it's true.
You were always in the know more than me in this company, so I will wait until December 1st of 2013 for the tax write off. I have a lot of money unfortunately in this stock. Over the $3000 a year limit for tax write offs.
Lastay, love your posts. I agree later this year we will probably see a tiny pps increase if they complete what they said. BUT, there is no way the pps will be where I want it to be to sell it before next year or the year after.
My current shares are basically free and I want to see if they can build a nice business as they have things in place now which could help create that. I do not want to sell my free shares for .03 to .09 cents a share. I might do it as a trade to increase my shares if I think it's going to go down afterwards (and then buy back in), or I no longer believe in their business mode.
I think they are now finally doing the things that needed to be done to get a larger number of sales and building a larger business.
I do not expect instant results now that they have got the ball rolling. F==k next week, I expect to see some results of what they are doing now, next year! And to grow even more the year after. (I do want the financial out soon, but I do not think they will be all that great yet) Patients.
Sure once a good financial report comes out, and numbers of Fleet sales take off I do expect a slight increase of PPS. I think most want that now. Good luck with that.
I was really amazed also that it grabbed the attention of CNN. I think the media coverage will be even greater after it passes Phase 2 and 3 testing. I am hoping by then to hear something more in the US whether about testing or our LOI with LG going to a full contract. Somethng.
Don't forget the AOT has more than just oil possibilty's. It has it in the Medical field and another. Can't wait to see what the future brings with this puppy!
Another good article about todays press release.
http://seekingalpha.com/instablog/200555-qualitystocks/850251-stwa-inc-zero-oil-viscosity-reduction-technology-approved-for-phase-ii-field-loop-testing-after-successful-lab-testing
STWA, Inc. (ZERO) Oil Viscosity Reduction Technology Approved For Phase II Field Loop Testing After Successful Lab Testing 0 comments
Jul 13, 2012 2:06 PM
STWA continues expanding their portfolio of proprietary applied oil and fuel delivery solutions (developed with and exclusively licensed from Temple University) for the multi-billion dollar oil pipeline and diesel engine markets, reporting today that China's biggest oil producer PetroChina and the China Petroleum Pipeline Administration's (CPP) lab testing of the company's Applied Oil Technology™ (AOT) has generated successful results, leading to approval for Phase II Field Loop Testing.
Testing was specifically focused on three of China's most widely produced/consumed oil grades (Daqing, Changqing, and Venezuela crude oil) in order to examine the viscosity reduction capabilities of STWA's AOT technology across all major metrics. The AOT technology could save China's booming oil industry huge sums of money by improving oil transportation costs, good news for the fastest growing oil consuming nation on earth, and good news for STWA, who stands poised to reap the rich rewards of this influential relationship.
After Phase II, progression to a Phase III commercial pilot program should be swift, as these three phases represent the basic regulatory hurdle faced by all emerging domestic/imported pipeline technologies and tend to speed up as each barrier is cleared. Beijing Heng He Xing Ye Technology, STWA's commercialization partner for China (who is responsible for the full costs of implementing testing and obtaining certification, as per the March 15, Cooperation Framework Agreement), has indicated that the projections for Phase III would see the AOT technology implemented on a 186-mile, 27? pipeline going up in Shandong Province. CPP/CNPC has already cleared the way forward with Phase II authorization to begin the field testing at CNPC's Pipeline Flow Assurance Test Center and have published their report on the extant testing done at the Pipeline R&D Center.
According to CNPC, China's largest oil and natural gas producer, the Daqing oil region is one of the most prolific on earth, with the Changqing Oilfield pumping out a whopping 20M tons of crude in 2011 alone (one-fifth of CNPC's total output and one tenth of China's annual output). Combined with skyrocketing Venezuelan imports (125.9k bbl/day in 2010, more than tripling in the five years since 2005 according to a U.S. Energy Information Administration report), this presents a very unique oil transportation situation for China to manage and the testing thus far has largely been aimed at presenting a major solution to the situation.
CEO of STWA, Cecil Bond Kyte, underscored deliberate testing of the three main oils used in China as providing a huge, approachable means of helping to achieve the 16% energy intensity reduction goal set by the Chinese government for 2015. Exactly the kind of energy efficiency solution the company was formed to help create and a real testament to the scalability of the AOT technology, which could see much wider ranging application after this major implementation.
Not hard to imagine many, many other companies beating a path to STWA's door after this and even a cursory look at some direct quotes from the report is enough to convince one of such. Direct statements that the AOT viscosity reduction technology has the ability to significantly curb viscosity on all three major oils (Daqing, Changqing, and Venezuela crude oil, with the particularly effective results from testing Daqing/Changqing oil noted explicitly), go a long way to ensuring other clients of the technology's efficacy and have certainly piqued the interest of sector investors.
Statements to the effect that testing showed 80% viscosity reduction (at 35-40ºC) for Daqing crude and over 78% (at 26ºC) on Changqing crude, validated as lasting more than 24 hours, gives the larger oil industry a very clear picture of the potential of this technology, which, according to the report, "reduces the viscosity very fast, in a couple of seconds, and consumes little energy." The report called the AOT technology, based on testing results, a "breakthrough in crude oil viscosity reduction," and cited the broad international appeal in both paraffin and asphalt based crude oils.
The report indicates that CPP and U.S. experts will continue to work hand-in-hand towards tailoring the perfect solution for China's burgeoning oil industry and points to the AOT technology as being a real potential game-changer for China's high-risk crude oil transportation industry.
For more information on the testing results, the CPP/CNPC PetroChina R&D Center Report, or to learn more about STWA, Inc., please visit the company's website at: STWA.com
Please see disclaimer on the QualityStocks website: disclaimer.qualitystocks.net
Lastay, I am a long time SVMI investor and many years ago I had heard about some of his other inventions. I think one of them had to do with a computer??? So long ago, i cannot remember much. So ok, I will hold a few shares for those inventions!
I have free shares in a trading account, that I sold a small portion of on our last spike up to get all my money back and a small profit. Plus I have some shares in a ROTH IRA which is not taxable if I follow the rules! So I can hold 1/2 my ROTH IRA to see what Serge can accomplish. But I must sell 1/2 in my ROTH during any major spike. A bird in the hand and all that.
Imo it's just a matter of time. I am pretty sure we all have a major future winner here.
The test results just keep getting better and better with each new version. Now that the AOT can make a major difference, all we need is for an oil company to finish all the necessary tests and for us to come to an agreement on a contract. But in the mean time we will probably make the AOT even better by then. The road ahead for China has already been laid out for us. I am pretty sure we will do as awesome as usual on the tests over there. Phase 1 completed and passed with flying colors. Phase 2 and 3 to go.
Nice find Zero2BaHero!
1Lastay, I think DFW made some great suggestions to improve the website. I was having problems reading some of it too and I have a good and new computer set up.
Look like SVMI is finally starting to get their ducks all lined up in a row for a future possible domino effect or snowball rolling down hill effect.
I cannot wait to see how they are doing next year and the year after. I sell part of my shares during any major spikes, but will hold some shares for 2 years from now. In 2 years or less I expect the dynovalve to be at smog testing fix it places and starting to spread to other Countries.
DFW glad to see you got back in.
Wow, just went into my account and it was worth a lot more! Your right, solid mover today! Very nice volume and price increase.
The English translation report from the Chinese Testing
http://content.stockpr.com/stwa/media/4131749a8539852ec12e83d1ad5622ad.pdf
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PetroChina CPP/CNPC Approves STWA Applied Oil Technology for Phase II Testing
Download PDFResults of AOT Lab Test Conducted at PetroChina CNPC Pipeline R&D Center Unlock Commercialization Approval Process for Entire Country
SANTA BARBARA, CA -- (MARKETWIRE) -- 07/13/12 -- STWA, Inc. (OTCBB: ZERO) ("STWA" or the "Company"), a developer of applied solutions for oil and fuel delivery systems in the multi-billion dollar oil pipeline and diesel engine markets, today announced that due to successful results generated during recent Applied Oil Technology™ (AOT™) testing at the China Petroleum Pipeline Administration's (CPP) PetroChina (CNPC) Pipeline R&D Center in Langfang China, AOT™ oil pipeline efficiency technology has been approved for Phase II Field Loop Test with CPP & CNPC.
The lab tests conducted at the CPP/CNPC Pipeline R&D Center were to evaluate AOT™'s effectiveness in reducing the viscosity of three of the most widely consumed crude oil grades in China: Daqing crude oil, Changqing crude oil, and Venezuela crude oil. The agency is interested in the technical advantages AOT™'s viscosity reduction presents to the Chinese oil industry, through its ability to reduce the costs and improve the energy efficiency of transporting crude in the fastest growing oil consuming nation in the world.
The upcoming Phase II Field Loop testing is to be followed by Phase III, the final stage, which is a commercial implementation Pilot Program. These three phases are the regulatory requirement process in China for all new domestic and imported pipeline technologies. According to STWA's Chinese commercialization partner Beijing Heng He Xing Ye Technology (TDC), CPP/CNPC has indicated interest in installing STWA AOT™ systems on a 300 km, 27" pipeline being built in the Shandong Province, near Beijing.
CPP/CNPC has published a report summarizing the STWA AOT™ lab testing at its CNPC Pipeline R&D Center, and authorized STWA to begin field testing AOT™ 1.2v in China at the CNPC Pipeline Flow Assurance Test Center. This testing is scheduled to take place upon installation of AOT™ to the PetroChina Pipeline R&D Center Flow Assurance Facility. CPP's report can be read in full in its original Chinese at: http://content.stockpr.com/stwa/media/da44e1432e71850cfbf79b5f1fed1ceb.pdf
The English translation can also be viewed at: http://content.stockpr.com/stwa/media/4131749a8539852ec12e83d1ad5622ad.pdf
The following statements are taken directly from the CPP/CNPC PetroChina R&D Center Report about the STWA AOT™ Lab Test:
"The above test results clearly show that the viscosity reduction technology, AOT, has the ability to significantly reduce the viscosity of Daqing crude oil, Changqing crude oil, and Venezuela crude oil. Especially, the viscosity reduction for Daqing crude oil and Changqing crude oil is extremely effective. For Daqing crude oil, the AOT can reduce its viscosity by more than 80% at 35ºC, and 40ºC. For Changqing crude oil, the AOT can reduce its viscosity by more than 78% at 26ºC. The tests also show that the viscosity reduction effect lasts more than 24 hours. The technology reduces the viscosity very fast, in a couple of seconds, and consumes little energy."
"Based on the above, AOT has made a breakthrough in crude oil viscosity reduction, and is an internationally leading new and high technology. It is widely applicable to reduce viscosity in both paraffin and asphalt based crude oil. The application of AOT will bring in remarkable and long lasting effect in changing China's high energy consumption and high risk crude oil transportation industry. Its application will eventually bring in major economic and social effects for the business and the State alike."
"The experts from both CPP and US side will work closely to propose solutions that are tailored to China's peculiar crude oil transportation situation."
"The Daqing oil region is the largest oil region in China and one of the most prolific oil and gas properties in the world," according to PetroChina Company, as detailed in its documents filed with the U.S. Securities and Exchange Commission. According to CNPC, China's largest oil and natural gas producer and supplier, "In 2011, Changqing Oilfield produced 20 million tons of crude oil, representing one-fifth of CNPC's annual production and one-tenth of China's total annual crude output..." A U.S. Energy Information Administration report states, "One of the fastest growing destinations of Venezuelan crude oil exports has been China. In 2010, China imported 125,900 bbl/d of crude oil from Venezuela, up from only 39,000 bbl/d in 2005."
"We conducted lab tests at CPP's PetroChina Pipeline R&D Center that were very specific to China's needs. By testing exactly the oils that are widely used in China, we were able to provide critical information that may help the country meet its goal to reduce energy intensity 16% by 2015. Governmental and industrial leaders in China are looking for energy efficiency tools that will help them meet that goal and we believe we offer one solution that can make a material difference," stated STWA CEO Mr. Cecil Bond Kyte.
CPP testing is being conducted in conjunction with STWA's commercialization partner in China, TDC. As per the terms of STWA's Cooperation Framework Agreement, TDC is responsible for the full costs of implementing the testing and certification of AOT™ with CPP.
About STWA, Inc.
STWA, Inc. 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 and exclusively licensed from Temple University. STWA's technologies include Applied Oil Technology™ (AOT™), which is designed to improve 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. 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.
Investor Relations Contacts:
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
Released July 13, 2012
More news:
PetroChina CPP/CNPC Approves STWA Applied Oil Technology for Phase II Testing
Download PDFResults of AOT Lab Test Conducted at PetroChina CNPC Pipeline R&D Center Unlock Commercialization Approval Process for Entire Country
SANTA BARBARA, CA -- (MARKETWIRE) -- 07/13/12 -- STWA, Inc. (OTCBB: ZERO) ("STWA" or the "Company"), a developer of applied solutions for oil and fuel delivery systems in the multi-billion dollar oil pipeline and diesel engine markets, today announced that due to successful results generated during recent Applied Oil Technology™ (AOT™) testing at the China Petroleum Pipeline Administration's (CPP) PetroChina (CNPC) Pipeline R&D Center in Langfang China, AOT™ oil pipeline efficiency technology has been approved for Phase II Field Loop Test with CPP & CNPC.
The lab tests conducted at the CPP/CNPC Pipeline R&D Center were to evaluate AOT™'s effectiveness in reducing the viscosity of three of the most widely consumed crude oil grades in China: Daqing crude oil, Changqing crude oil, and Venezuela crude oil. The agency is interested in the technical advantages AOT™'s viscosity reduction presents to the Chinese oil industry, through its ability to reduce the costs and improve the energy efficiency of transporting crude in the fastest growing oil consuming nation in the world.
The upcoming Phase II Field Loop testing is to be followed by Phase III, the final stage, which is a commercial implementation Pilot Program. These three phases are the regulatory requirement process in China for all new domestic and imported pipeline technologies. According to STWA's Chinese commercialization partner Beijing Heng He Xing Ye Technology (TDC), CPP/CNPC has indicated interest in installing STWA AOT™ systems on a 300 km, 27" pipeline being built in the Shandong Province, near Beijing.
CPP/CNPC has published a report summarizing the STWA AOT™ lab testing at its CNPC Pipeline R&D Center, and authorized STWA to begin field testing AOT™ 1.2v in China at the CNPC Pipeline Flow Assurance Test Center. This testing is scheduled to take place upon installation of AOT™ to the PetroChina Pipeline R&D Center Flow Assurance Facility. CPP's report can be read in full in its original Chinese at: http://content.stockpr.com/stwa/media/da44e1432e71850cfbf79b5f1fed1ceb.pdf
The English translation can also be viewed at: http://content.stockpr.com/stwa/media/4131749a8539852ec12e83d1ad5622ad.pdf
The following statements are taken directly from the CPP/CNPC PetroChina R&D Center Report about the STWA AOT™ Lab Test:
"The above test results clearly show that the viscosity reduction technology, AOT, has the ability to significantly reduce the viscosity of Daqing crude oil, Changqing crude oil, and Venezuela crude oil. Especially, the viscosity reduction for Daqing crude oil and Changqing crude oil is extremely effective. For Daqing crude oil, the AOT can reduce its viscosity by more than 80% at 35ºC, and 40ºC. For Changqing crude oil, the AOT can reduce its viscosity by more than 78% at 26ºC. The tests also show that the viscosity reduction effect lasts more than 24 hours. The technology reduces the viscosity very fast, in a couple of seconds, and consumes little energy."
"Based on the above, AOT has made a breakthrough in crude oil viscosity reduction, and is an internationally leading new and high technology. It is widely applicable to reduce viscosity in both paraffin and asphalt based crude oil. The application of AOT will bring in remarkable and long lasting effect in changing China's high energy consumption and high risk crude oil transportation industry. Its application will eventually bring in major economic and social effects for the business and the State alike."
"The experts from both CPP and US side will work closely to propose solutions that are tailored to China's peculiar crude oil transportation situation."
"The Daqing oil region is the largest oil region in China and one of the most prolific oil and gas properties in the world," according to PetroChina Company, as detailed in its documents filed with the U.S. Securities and Exchange Commission. According to CNPC, China's largest oil and natural gas producer and supplier, "In 2011, Changqing Oilfield produced 20 million tons of crude oil, representing one-fifth of CNPC's annual production and one-tenth of China's total annual crude output..." A U.S. Energy Information Administration report states, "One of the fastest growing destinations of Venezuelan crude oil exports has been China. In 2010, China imported 125,900 bbl/d of crude oil from Venezuela, up from only 39,000 bbl/d in 2005."
"We conducted lab tests at CPP's PetroChina Pipeline R&D Center that were very specific to China's needs. By testing exactly the oils that are widely used in China, we were able to provide critical information that may help the country meet its goal to reduce energy intensity 16% by 2015. Governmental and industrial leaders in China are looking for energy efficiency tools that will help them meet that goal and we believe we offer one solution that can make a material difference," stated STWA CEO Mr. Cecil Bond Kyte.
CPP testing is being conducted in conjunction with STWA's commercialization partner in China, TDC. As per the terms of STWA's Cooperation Framework Agreement, TDC is responsible for the full costs of implementing the testing and certification of AOT™ with CPP.
About STWA, Inc.
STWA, Inc. 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 and exclusively licensed from Temple University. STWA's technologies include Applied Oil Technology™ (AOT™), which is designed to improve 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. 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.
Investor Relations Contacts:
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
Released July 13, 2012
News out today
Dr. Tao Presents Latest Findings on STWA Technologies at Global Scientific Conference
Concludes Presentation at Gazi University in Turkey
SANTA BARBARA, CA, Jul 11, 2012 (MARKETWIRE via COMTEX) -- STWA, Inc. (OTCBB: ZERO) ("STWA" or the "Company"), a developer of applied solutions for oil and fuel delivery systems in the multi-billion dollar oil pipeline and diesel engine markets, today announced that Dr. Rongjia Tao, co-developer of STWA's Applied Oil Technology(TM) (AOT(TM)) and Chairman of Temple University's Physics Department, delivered a scientific presentation at the 13th International Conference on Electrorheological Fluids and Magnetorheological Suspension at Gazi University in Ankara, Turkey on July 2nd. Dr. Tao was invited by the conference to deliver his presentation titled, "Controlling the Viscosity of Liquid Suspensions with Electrorheology and Magnetorheology."
Dr. Tao commented, "I had the honor of presenting our recent findings for STWA's AOT(TM) technology to a gathering of the some of the top scientists, physicists and engineers in the field of electrorheological fluids and magnetorheological suspension. The presentation was extremely well received for many reasons, including the fact that our applied science has immediate potential for impact on a large scale in the energy industry. I look forward to presenting our technological advancements at other scientific conferences around the world."
"AOT(TM) is a technology that truly has global impact. Dr. Tao and his team are leaders in their field and we are pleased to co-develop with a physicist from a world class institution like Temple University," stated STWA Chairman and CEO, Mr. Cecil Bond Kyte. "The AOT(TM) tests we are now conducting in China, in conjunction with Chinese authorities, are paving the way for commercial availability of AOT(TM) in China. From presenting at global scientific conferences, to engaging in commercialization in the largest energy markets, STWA's AOT(TM) is being recognized the world over for its potential far-reaching impact on energy efficiency."
Mike The Pike Productions, Inc. Announces Material Shareholder Update
Press Release: Mike The Pike Productions – 2 hours 39 minutes agoCompanies:MIKE THE PIKE PRODUCRELATED QUOTESSymbol Price Change
MIKP 0.0011 0.00
LOS ANGELES--(BUSINESS WIRE)--
Mike The Pike Productions (MIKP) an entertainment company with a focus in feature films, graphic novels and media holdings, issues the following update for shareholders in the company in a continued employment of actions toward increased shareholder value in line with company growth, including settlement of debt & liabilities, reduction of authorized and outstanding shares, finalization of feature films, sales and distribution of feature films, development of feature film and graphic novel properties. CEO/Producer, Mark B. Newbauer issues the following report on behalf of the company:
In Q2, Mike The Pike Productions launched an aggressive program to reduce debt and liabilities as well as share structure in a long-term commitment to growth and added-value for its shareholders.
Material transactions in regards to share structure include:
May 23, 2012- Nearly 50%Reduction of Authorized Shares from 5b to 2.586b
June 11, 2012- Reduction of Outstanding Shares by 150,000,000 from 2.586b to 2.436b
June 18, 2012- Reduction of Outstanding Shares by 60,000,000 from 2.436b to 2.376b
June 21, 2012- Reduction of Outstanding Shares by 53,000,000 from 2.376b to 2.323b
June 29, 2012- Reduction of Outstanding Shares by 74,683,347 from 2.323b to 2.249b
June 29, 2012- Reduction of Authorized Shares by 337,683,347 from 2.586b to 2.249b
The company reduced more than 50% of its Authorized Shares and 13.5% of its Outstanding Shares in Q2 with plans for continued added value therein.
Material transactions in regards to reduction of debt/liabilities include:
June 1, 2012- Reduction of Current Liabilities by $190,000
June 7, 2012- Reduction of Long-Term Liabilities by $236,834
June 15, 2012- Reduction of Long-Term Liabilities by $104,000
July 10, 2012- Reduction of Long-Term Liabilities by $142,077
Total reduction of debt and long-term liabilities since Q1 = $672,911 resulting in the lowering of debt/liabilities in total from $1,582,953 to $910,042 with continued plans to reduce debt and build assets through 2012.
FEATURE FILMS: Effects driven sci-fi thriller, White Space, (www.enterwhitespace.com) is currently in post-production. Principal photography took place in Spring/Summer 2011 and Producers are currently working to ensure the film is completed in a timely manner toward the best possible sales outcome. Post Production elements include visual effects, editing, score, color grading among others.
The team looks to have a trailer and/or sizzle reel completed for the film by this year’s American Film Market (www.americanfilmmarket.com) and Producers have already received a number of unsolicited requests from distributors (domestic and foreign) with interest in the project. The film stars Holt McCallany (Gangster Squad, Bullet to the Head) and Zulay Henao (Takers, Fighting, Hostel III) and is written by Clay McLeod Chapman, based on a story by Ryan Colucci (The Skin Trade, Harbor Moon).
The company has also Optioned the rights to the World Fantasy Award Winning ‘The Skin Trade’ (www.theskintrademovie.com) by New York Times Bestselling author, George R.R. Martin, the mastermind behind HBO’s increasingly popular ‘Game of Thrones’. Currently in script stages, Producers Mark B. Newbauer and Ryan Colucci look to package The Skin Trade with director and/or cast with at least 2 additional werewolf projects for this year’s American Film Market.
The company believes both films to have multi-million dollar sales/distribution potential.
The company is currently in negotiation for film rights to another book to be announced upon closing.
Mike The Pike Productions recently acquired Saint James Films, LLC- a movie studio producing highly entertaining genre movies for the worldwide marketplace. The company is headed by Mike The Pike CEO, Mark B. Newbauer and sales/distribution veteran and Ted Chalmers, founder/CEO of genre powerhouse, TomCat Films, LLC (www.tomcatfilmsllc.com )
In addition to projects acquired in the deal, the company under new ownership has produced two feature films, ‘Agent Beetle’ and ‘Captain Battle’ (http://saintjamesfilms.com/?cat=17) which have secured a distribution deal with TomCat and active sales agreements for foreign territories including Germany, Thailand, Malaysia/Singapore and Indonesia and expects additional sales to U.S., Canada, Latin America and other Key Territories. Each film was produced for under $1m and both have recouped their initial budgets into net profits via pre-sales agreements.
Saint James Films (www.facebook.com/saintjamesfilms) has recently begun pre-production on sorority-slasher, ‘Revenge of Lizzie Borden’ and looks to have the film fully finished by end of August 2012 to be presented at this year’s AFM alongside the company’s current slate with announcement of at least two additional projects this year.
SJF is also in negotiation for distribution rights to Zombie franchise, Aftermath, the first picture of which is currently in production.
GRAPHIC NOVELS- Mike The Pike Productions is partnered with Spoke Lane Entertainment (www.harbor-moon.com) to publish three books this year including mind-bending thriller ‘R.E.M’., fantasy ‘Bulderlyns’ and twisted murder mystery, ‘Chasing Rabbits’. Spoke Lane’s Ryan Colucci is overseeing the projects and updates on the books can be found frequently on Colucci’s website http://ryancolucci.wordpress.com/ or the MTP blog. The books are aimed at both profitability and source material for feature film development and/or film rights sales.
Quarterly Report for Q2 is currently underway and the company aims to file before the deadline of August 15, 2012. The company’s goal into 2013 is to continually improve the company’s share structure while reducing debts and increasing revenues toward an uplist to BB, AMEX or NASDAQ.
If you missed the www.stocktraderstalk.com Radio interview and you are a shareholder or prospective shareholder of MIKP, it is highly recommended by company execs that you give a listen as a companion to what all involved feel will be a game changing year for the company.
The interview can be reviewed on STT website, Investorshub Auditorium or on our blog at: http://blog.mtpprods.com/2012/05/23/werewolves-superheros-and-reduced-authorized-share-count/
About Mike The Pike Productions, Inc..: Mike The Pike Productions is an entertainment company specializing in feature films, graphic novels and media acquisitions. Overall, MIKP projects are ‘Mainstream Independent’, combining a well-structured vision with top-tier talent; challenging current standards while maintaining mass appeal. Official Company Website: www.mtpprods.com
CEO Mark B. Newbauer’s bio on IMDB: http://www.imdb.com/name/nm1474431/bio
MIKP IMPORTANT SHAREHOLDER LINKS:
Visit our website at www.mtpprods.com
MTP Facebook: www.facebook.com/MTPfb
White Space official website: www.enterwhitespace.com
White Space Facebook: www.facebook.com/enterwhitespace.com
George R.R. Martin’s The Skin Trade: www.theskintrademovie.com
GRRM The Skin Trade Facebook: www.facebook.com/BlackstoneManor
Subsidiary- Saint James Films, LLC: www.saintjamesfilms.com
Saint James Films on Facebook: www.facebook.com/saintjamesfilms
Safe Harbor Statement
This press release contains 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 forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Mike The Pike Productions
Mark B. Newbauer, 310-986-2734
mark@mtpprods.com
Right you are Weatherdude! Did you see the huge volume! Can't wait to see what she does tomorrow.
What am I doing in the profit mode? Whats going on here? OK, i'm awake now. Don't see any news. Maybe around the corner?
Zarasso, good question. I think the only PR type thing about the 80% results is in the Shareholders news letter. The reason I do not think they are going to release another one, is that Phase 2 and 3 tests are the important ones and gives it more accurate numbers what it would do on an actual pipeline.
I think we might see a lot of Chinese investors hoping on board after those tests.
Bownarrow, Yes I believe it would apply to us. But like I said I am no expert in this area, perhaps we have someone on this board that is?
If our 1st contract for for let's say 18 million dollars or more. That would average out to 6 million a year for 3 years. But I do not know if they calculate it that way?
Bownarrow1, The following is based upon
published information regarding
NASDAQ’s minimum listing
requirements including its opening
to listing of stocks in the $2 to $3
range.
The SEC has approved alternatives
to Nasdaq’s $4 minimum bid price
listing standard. Under the new
alternative listing standards, a
security may qualify for listing on
the Nasdaq Capital Market if:
It is at a $3 per share price for at
least five consecutive business
days prior to approval, the security
has a minimum closing price of at
least $3 per share and the issuer
has either: (KEY WORD IS: EITHER)
Equity Standard: (A)
stockholders’ equity of at least
$5M; (B) market value of
publicly held shares of at least
$15M; and (C) a two year operating
history; or (KEY WORD: OR)
Net Income Standard: (A) net
income from continuing operations
of $750,000 in the most recently
completed fiscal year or in two of
the three most recently completed
fiscal years; (B) stockholders’
equity of at least $4M; and (C)
market value of publicly held
shares of at least $5M; or
It is at a $2 per share price for at
least five consecutive business
days prior to approval, the security
has a minimum closing price of at
least $2 per share and the issuer
has (A) market value of listed
securities of at least $50M; (B)
stockholders’ equity of at least
$4M; and (C) market value of
publicly held shares of at least
$15M.
In addition, the issuer must also
demonstrate that is has:
- Net tangible assets in excess of
$2 M if it has been in continuous
oerations for at least three years;
- Net tangible assets in excess of
$5M if it has been in continuous
operations for less than three
years;
or
- Average revenue of at least $6M
for the last three years.
I am not an expert in this, but from my reading of it. Our 1st filing after our 1st contract should/could make us eligable.
Your welcome Zarasso. I totally agree with your post.
Also from the Share holders newsletter:
Based upon talks
with executives
at Fortune 50 oil
companies, we
are preparing
an AOT™ 2.0
intended for
commercial use.
New testing will
demonstrate
AOT'™s capacity
to integrate with systems and
reporting protocols currently in place
at these oil companies.
We are also simultaneously
pursuing a fast-tracked opportunity
to commercialize in China. Our
Cooperation Framework Agreement
with Beijing Heng He Xing Ye
Technology Development Company
(TDC) that was signed in March has
allowed us to complete Phase 1 of the
testing process and move into Phase
2.
The China Petroleum Pipeline
Bureau (CPP), part of the China
National Petroleum Corporation
(CNPC), is the sole body with the
authority to approve domestic and
foreign pipeline technologies in
China. The CPP requires a three-step
process prior to commercial sales.
These steps include: lab testing, field
testing, and testing in a commercial
setting. STWA successfully
completed the Lab Test in June with
TDC, which is covering the costs of
AOT™’s approval process in China.
Dr. Rongjia Tao, co-developer of
AOT™ and Chair of the Physics
Department at Temple University,
conducted the tests. Three types of
oil that are used in large amounts in
China were tested: Daqing crude,
Changqing crude, and Venezuela
crude. AOT™ effectively reduced
viscosity by more than 80%, the
best lab result
achieved to
date. While lab
test results do
not identically
translate into the
same numbers
in a field test or
in a commercial
setting, 80%
viscosity
reduction is
an extremely
encouraging
result.
During the course of Lab Testing,
TDC's General Manager (CEO)
Mr. Zhao Ruilin, STWA's CFO
Gregg Bigger, and STWA's
Director of Operations and
Program Management Bjorn
Simundson conducted meetings at
CNPC. "AOT™ is a major global
technological breakthrough in
reducing viscosity of crude oil, as
these tests results have shown. The
technology offers great social and
economic impacts. I believe there is
a large national demand for AOT™
in China as it will greatly alleviate
the high energy consumption issues
that are associated with current oil
production and transportation in
China." -Mr. Zhao Ruilin commented
on AOT™'s potential impact in China.
Our Chinese In-Country partner,
TDC has indicated that in their
talks with CPP & CNPC after our
June testing concluded, they are
interested in applying the AOT™
technology to a new 300km 27”
pipeline being built in the Shandong
Province near Beijing, China.
Our rough estimates are that it
would require 4-5 AOT™ systems
at each pump station, with 4-5
estimated pump stations along the
pipeline. The pipeline would benefit
from increased flow rate capacity
per day, and reduced cost per barrel
expenses.
From the new share holders newsletter:
"Our Chinese In-Country partner,
TDC has indicated that in their
talks with CPP & CNPC after our
June testing concluded, they are
interested in applying the AOT™
technology to a new 300km 27”
pipeline being built in the Shandong
Province near Beijing, China.
Our rough estimates are that it
would require 4-5 AOT™ systems
at each pump station, with 4-5
estimated pump stations along the
pipeline. The pipeline would benefit
from increased flow rate capacity
per day, and reduced cost per barrel
expenses."
and
PHASE 1: CPP Lab Test completed June 2012
PHASE 2: CPP Loop Test scheduled for Sept. 2012
PHASE 3: Commercial Implementation Program 2012
and
Pipelines, even though they are the most efficient form of transporting oil, account for 77% of the U.S. transportation's electricity use. - Pew Research Center
Imagine what a 56% reduction in energy use could do for the environment and America's energy efficiency standards.
(the last tests showed a 56% reduction in energy usage) HUGE!!!
and
Also was mentioned about moving to the Nasdaq in the not so distant future. We have to be at least $2 to $3 a share and meet a couple other qualifications which STWA think they will.
Looks to me like we could have a giant contract with China in the beginning of next year. Wish it was tomorrow, but this type of thing takes time, and even longer to get it accepted world wide. Although I think we will be on the fast track next year.
Anyone elses thoughts on the newsletter?
Latest shareholders newsletter from STWA is posted on the web site
http://content.stockpr.com/stwa/media/969b9c524d1c8b1001fc8a82cc177b62.pdf