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Saturday, February 18, 2017 7:18:46 PM
SAVE THE WORLD AIR RECEIVES FIRST ORDER FROM GOLDEN ALLIED FOR CHINA
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LOS ANGELES, CA -- (MARKET WIRE) -- July 27, 2006 -- Save the World Air, Inc. ("STWA") (OTCBB: ZERO) today announced that it has received its first order from its exclusive distributor in China, Golden Allied Enterprise Group (GAE). The initial order is for 100,000 devices to begin shipping within the next 60 days, and to ship in installments through July 31, 2007. The devices will be distributed to motorcycle and small engine OEMs and the aftermarket throughout China.
This order fulfills the first part of the distribution agreement, signed with GAE earlier this year, in which the initial order is to be placed by July 31, 2006. The distribution agreement requires GAE to purchase 11,500,000 devices over a five-year period in order to remain STWA's exclusive distributor in China. The placing of the first order with GAE is a significant milestone for STWA as it marks the Company's transition to generating revenues through the commercial sale of its devices.
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