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Wednesday, 09/22/2010 9:30:46 AM

Wednesday, September 22, 2010 9:30:46 AM

Post# of 914
Power-Save Energy Company Announces $2,405,835 Contract to Supply Solar Powered System to CBS Television Studios and CA Power-Save!

SAN LUIS OBISPO, Calif., Sept 22, 2010 /PRNewswire via COMTEX/ -- Power-Save Energy Company (OTC Bulletin Board: PWSV), an emerging leader in the renewable energy and energy efficiency products industry, announced today a contract from CA Power-Save to supply a complete photovoltaic solar system for installation on CBS Television City, East Studio and Main Studio Building in Los Angeles, California. Power-Save Energy Co. will supply all the solar equipment, Solar Panels from Ningbo Solar, Inverters from PV Powered based in Oregon and Racking from Unirac based in New Mexico. CA Power-Save will be designing and installing this 411 kW solar array onto CBS Television Studios Buildings. This specific contract is worth $2,405,835.00 to CA Power-Save.

This project is significant to Power-Save Energy Co. in that it furthers the company's pursuit of larger commercial projects. This specific commercial installation has been funded through a Federal Tax grant, a Los Angeles Dept of Water and Power rebate, and funding from the customer CBS. The customer will save approximately $120,000 per year in electrical costs and have a ROI of less than 5 years.

Chris Frye, Owner of CA Power-Save, stated, "This is a fantastic opportunity for CA Power-Save to design, engineer and install a large solar array for a notable commercial customer. This represents yet another example of how implementation of renewable energy can increase profits for businesses across America when adequate financing and incentives are in place.

Michael Forster, Power-Save Energy Company CEO, also stated, "We will certainly continue to market and sell to Corporate America. These large, successful companies continue to be forward looking in spite of the current economy and implement strategic energy saving green measures that will benefit their bottom line and the environment for many years to come."

About Power-Save Energy Co.

Power-Save Energy Company (http://www.power-save.com) is a marketing and manufacturing company focused on becoming the premier retailer of renewable energy and energy savings products in the United States. The company is dedicated to the mass-market sale of energy saving products and now renewable energy products direct to the homeowner and small business. The company not only provides both quality tested and certified products direct to the consumer, but also provides them at prices affordable to everyone.

About California Power-Save

CA Power-Save is a solar integrator based in Sonoma County California. CA Power-Save is also an authorized distributor for Power-Save Energy Co. products.

Safe Harbor Statement

This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.

SOURCE Power-Save Energy Company

www.prnewswire.com

Copyright (C) 2010 PR Newswire. All rights reserved

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