Last $0.82 USD
Change Today +0.01 / 1.23%
Volume 153.6K
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

save the world air inc (ZERO) Snapshot

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08/5/13 - $1.88
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03/13/14 - $0.76
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save the world air inc (ZERO) Details

Save The World Air, Inc., a development stage enterprise, engages in designing, licensing, and developing products to commercialize energy efficient technologies. It offers energy efficiency technologies that assist in meeting global energy demands, improving the economics of oil extraction and transport, and reducing greenhouse gas emissions. The company’s intellectual property portfolio includes 41 domestic and international patents and patents pending that are developed in conjunction with and licensed from Temple University of Philadelphia, Pennsylvania. Its patented and patent-pending technologies include Applied Oil Technology, which is a commercial-grade crude oil pipeline transportation flow-assurance product for the midstream pipeline marketplace; and ELEKTRA technology, which consists of passing fuel through a dynamically controlled electrical field to assist in the atomization of fuel via fuel injectors. The company offers AOT Viscosity Reduction Systems, which work as an add-on component to upstream gathering pipelines and midstream long-distance transportation pipelines. It serves upstream producers, midstream transporters, and downstream refiners. The company was formerly known as Mandalay Capital Corporation and changed its name to Save the World Air, Inc. in February 1999. Save The World Air, Inc. was founded in 1998 and is based in Santa Barbara, California.

9 Employees
Last Reported Date: 03/17/14
Founded in 1998

save the world air inc (ZERO) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $290.0K
Compensation as of Fiscal Year 2013.

save the world air inc (ZERO) Key Developments

Save the World Air, Inc. Auditor Raises 'Going Concern' Doubt

Save the World Air, Inc. filed its 10-K on Mar 17, 2014 for the period ending Dec 31, 2013. In this report its auditor, Weinberg & Company, P.A., gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Save the World Air, Inc. Approves Amendment to Articles of Incorporation

On December 16, 2013, the stockholders of Save the World Air, Inc. approved an amendment to registrant's articles of incorporation, increasing the number of authorized shares of common stock of registrant from 200 million to 300 million.

Save the World Air, Inc. Announces Executive Changes

Effective November 15, 2013, Cecil Bond Kyte voluntarily resigned as a director, chairman of the board, a member of the Nominating and Corporate Governance Committee, and chief executive officer of the Save the World Air, Inc. Mr. Kyte has also voluntarily elected to withdraw as a nominee for election as a director of the company at the company's 2013 Annual Meeting of Stockholders to be held on December 16, 2013. In furtherance of Mr. Kyte's resignations, the company's proposal to elect seven directors is now changed to a proposal to elect six directors. Thus, nominees receiving the number of votes up to a maximum of six individuals, will be elected to the Board. The individuals nominated to serve as directors of the Company remain the same, as disclosed in Definitive Proxy Statement, except for Mr. Kyte. The Board will consider filling the vacancy on the Board, created by Mr. Kyte's resignation, or reducing the size of the Board to six, following the 2013 Annual Meeting. In light of the foregoing, any votes cast for or against Mr. Kyte prior to or at the 2013 Annual Meeting will not be counted and will be disregarded. In connection with Mr. Kyte's resignation, the Board has appointed Greggory Bigger to serve as the company's chief executive officer and interim Chairman. Following the 2013 Annual Meeting, it is Mr. Bigger's intention to resign as the company's chief financial officer. The Board will appoint a new chief financial officer at that time.


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