Power-Save Energy Company Announces Financial Results and Developments for Q1

Power-Save Energy Co. announced that it has recently filed its first quarter financial results. Revenues for Q1 2007 were $474,858.00. The resulting net income after provisions for tax for Q1 2007 is $186,423.00.

"These results demonstrate the strong continued growth of Power-Save," said Michael Forster, CEO of Power-Save Energy Co.

Power-Save also announced the cancellation of the pilot program with Choptank Electric Cooperative of Denton Maryland that was announced in March 2007. Choptank has elected to not move the program forward.

Power-Save also announced that final UL approval has been granted for the company’s new 3-phase light commercial/industrial products. These units expand the company’s product offering to three separate devices all designed to produce energy savings.