SOURCE: Ethos Environmental, Inc.

Ethos Environmental, Inc.

February 26, 2009 11:59 ET

Ethos Environmental, Inc. Establishes New Subsidiaries in Anticipation of Distribution Model

Management Team Takes New Direction After Extensive Company Review and Marketplace Analysis

SAN DIEGO, CA--(Marketwire - February 26, 2009) - The new management team of Ethos Environmental, Inc. (OTCBB: ETEV), a San Diego-based company, announced today its corporate restructuring as it prepares for a company owned distribution model.

Corey P. Schlossmann, Chairman and CEO, said, "Since September, the new management team has been reviewing the company's infrastructure, product efficacies, and distribution models to determine the optimum strategy for the company's future growth.

"Ethos Environmental, Inc. will launch a new subsidiary, Ethos Scientific™, which is attracting a high proficiency of scientific research to improve upon the company's product efficacies. Ethos Scientific™ will also handle the company's research and development for bringing new carbon negative, environmentally friendly automotive products to the global marketplace."

ecoMates™ will serve as our distribution arm focused on creating a dynamic marketing organization that offers 'green' technologies and products directly to the consumer.

"In today's uncertain economic times, we believe peer-to-peer marketing offers the most efficient model for our product distribution. Plus, it rewards the consumers who recommend our product," Schlossmann said.

Currently in the US market approximately 150 million cars on the nation's highways are ten years old and older. Annually 43 million used cars are sold. Nearly 80% of the cars that are ten years old and older don't meet state and federal environmental standards, and 100% of them won't meet the newer, stricter requirements set forth by government agencies as environmental issues become a greater concern.

"With the average age of the automobile on the nation's highways ten years old and older, products like EthosFR bring tremendous car-owner benefits as it reduces friction and engine wear. This provides more complete burn of the fuel delivering dramatically improved fuel economy. Now our mission is about increasing product distribution and shareholder value," Schlossmann said.

The company will maintain its current and growing international and large commercial fleet sales organization which will continue to provide the Company with powerful endorsing entities.

For additional information about the Company, please visit www.ethosfr.com.

About Ethos Environmental, Inc.

Ethos Environmental, Inc. (OTCBB: ETEV), a San Diego-based corporation, is the manufacturer of award-winning fuel reformulating products that help industries meet environmental regulations and relieve skyrocketing fuel costs. By using Ethos FR®, commercial vehicles can increase fuel mileage between 7 percent and 19 percent while reducing harmful emissions by more than 30 percent. For more information about Ethos Environmental, Inc., visit www.ethosfr.com.

Safe Harbor for Forward-Looking Statements

Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Ethos Environmental to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, changes in management, customer demand for its products, and other factors over which Ethos environmental has little or no control. Ethos Environmental is unable to predict the affect, if any, on its business operations, financial condition and general economic outlook, the change in its officers and directors, and, in particular, the resignation of its former Chief Executive Officer. Ethos Environmental undertakes no obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

Contact Information

  • Press Contact:
    Yasmine Rangel
    Ethos Environmental, Inc.
    619-575-6800
    yrangel@ethosfr.com

    Investor Contact:
    Financial Insights
    2082 SE Bristol, Suite 209
    Newport Beach, CA 92660
    888-572-7934