SOURCE: Power-Save Energy Co.

April 09, 2012 09:31 ET

Power-Save Changes Name to Lustros, Ltd.

SAN LUIS OBISPO, CA--(Marketwire - Apr 9, 2012) - POWER-SAVE ENERGY COMPANY (OTCQB: PWSV) (PINKSHEETS: PWSV) announced today that it has changed its name to Lustros, Ltd. to better reflect the focus of the business following the acquisition of Bluestone SA. "We believe the new name is much more representative of the company we have become as we acquire companies, properties and technologies in the mining sector," said Zirk Engelbrecht, CEO, announcing the change. The company is currently applying for a new trading symbol that is expected to be issued within the next few weeks.

About Lustros, Ltd.

Lustros, Ltd.'s subsidiary Bluestone SA is a Chilean corporation in the business of copper mining and the manufacturing of food grade copper sulfate. Bluestone has a majority equity position in Sulfatos Chile S.A., which owns the Anica Copper Mines as well as a copper sulfate production project and employs a highly experienced staff of mining professionals.

Lustros, Ltd.'s Power-Save Energy division is a marketing company dedicated to the mass-market sale of energy-saving products for homeowners. It intends to market quality, tested products and to continue to seek out and offer innovative new energy-saving products to the consumer.

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.

Contact Information

  • Contacts:

    Power-Save Energy Company
    Zirk Engelbrecht