Power-Save Energy Corp. Completes Acquisition of the ABET, LLC (Advanced Builders Energy Technology, LLC) and Releases Results of Its Revised National2 May 2006
Power-Save Energy Corporation (OTC: PWVG) announced today it has completed its agreement to acquire all the assets of ABET, LLC (Advanced Builders Energy Technology, LLC), a leading manufacturer of home-based energy savings device. The transaction was finalized on Friday, April 28, 2006. Thru this acquisition, Power-Save will expand its ability to provide universal adaptation for its line of energy saving products targeted for homeowners.
Power-Save is also pleased to release the results of its first full week of airing the revised DRTV Commercial. "We are very pleased with the results of the revised DRTV Commercial," said Michael Forster, CEO of Power-Save Energy Corp. "The data from initial test airings in February showed a very promising CPR (cost-per-response) of $36.88. The latest data from airings (of the revised DRTV Commercial) from the week of April 17th showed a reduction of CPR to $6.68, a 552% improvement."
The latest version of Power-Save's 120-second DRTV spot and the new customer response full-color brochure can be seen at and downloaded from the company's website, http://www.power-save.com .
About Power-Save Energy Corp.
Power-Save Energy Corp. 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.
Power-Save Energy Corp. is using the power of television to market its Power-Save 1200 product via a DRTV television commercial. The Power-Save 1200 product is intended to reduce homeowners' electricity consumption and therefore to reduce their monthly electric utility bills by up to 25 percent.
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: prnewswire
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