SOURCE: Save The World Technologies

February 07, 2010 21:57 ET

Save The World Technologies to Exit Tree Business

QUEENSLAND, AUSTRALIA--(Marketwire - February 7, 2010) - Save The World Technologies (PINKSHEETS: SWTG) today announced that following entering into a deed of settlement that the company will discontinue any and all involvement in the tree business, agroforestry and related carbon sequestration projects.

Effective 31 March 2010, control of Save The World Technologies (SWTG) will be handed back to the Muller Group with all current Directors and officers resigning and Lynn Muller appointed as Director and President.

Martin Tindall will continue as acting-President to facilitate the changeover until his resignation becomes effective 31 March 2010.

During this period independent shareholders of SWTG wishing to maintain an investment in the tree and forestry related business will be provided an opportunity to exchange their SWTG shares to ECO2 Forests shares through a non-affiliate third party, also a party to the deed of settlement.

Shareholders are invited to contact Marty Brown ( for further information.

Forward-Looking Statements

This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results.

Contact Information

  • For all media enquiries please contact:

    Martin Tindall
    E) Email Contact