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Non-Tech : Save The World Air Inc. (ZERO) -- Ignore unavailable to you. Want to Upgrade?


To: Sir Auric Goldfinger who wrote (186)7/20/2000 1:48:08 PM
From: StockDung  Respond to of 445
 
BC-SEC-SUSPENDS-TRADE-IN US-WASH-REGS-STX 07-20 0010

SEC SUSPENDS TRADE IN SAVE THE WORLD ZERO.OB THROUGH AUG 2
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Rtr 13:26 07-20-00



To: Sir Auric Goldfinger who wrote (186)7/20/2000 2:25:21 PM
From: Arcane Lore  Read Replies (1) | Respond to of 445
 
From the SEC Digest:

ORDER OF SUSPENSION ENTERED AGAINST SAVE THE WORLD AIR, INC.

The Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934, of trading of the securities of Save The World Air, Inc. (STW Air) (stock symbol ZERO), of New York, New York at 9:30 a.m. (EDT) on Thursday, July 20, 2000, and terminating at 11:59 p.m. (EDT) on Wednesday, August 2, 2000.

The Commission's Order of Suspension of Trading was issued because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, the results of demonstration tests of STW Air's Zero Emissions Fuel Saver device and STW Air's purported relationship with the Ford Motor Company. (Rel. 34-43057)

sec.gov



To: Sir Auric Goldfinger who wrote (186)7/21/2000 10:52:29 AM
From: Jeffrey S. Mitchell  Read Replies (1) | Respond to of 445
 
Another version of the DJ article:

July 20, 2000
--------------------------------------------------------------------------------

Ford Motor Disputes Test Claims By Save The World Air
By JUDITH BURNS

WASHINGTON -- Ford Motor Co. (F) said Thursday that it never agreed to test an auto-emissions product manufactured by Save the World Air Inc. (ZERO), despite claims to the contrary by the Australian company.

The Securities and Exchange Commission halted trading in Save the World Air, Inc., on Thursday, citing concerns about the adequacy of information about the company, including claims about its product and its relationship with Ford.

On June 29, Save the World Air announced Ford was interested in testing its zero-emissions fuel saving device. A Ford spokesman disputed that.

"Ford engineers did talk with Save the World Air about their product, but there was never an agreement to test their product," Brendan Prebo, a Ford Motor Company spokesman, told Dow Jones Newswires.

Prebo said Ford was surprised by Save the World Air's press statement since "we're not testing their product and we didn't have any intention of doing so" in the future. Shortly after Save the World Air's announcement, Ford was contacted by the SEC about its dealings with the company, he added.

Commenting on the trading halt, Save the World Air, Inc. chief executive officer Jeffrey Muller expressed confidence about the company and its pollution-control product.

"We have proven in many public tests, some of which have been televised, that the zero-emission fuel saving device works," Muller said in a prepared statement. "We are very happy to prove to the SEC what we have already proven over and over again."

As for its relationship with Ford, a Save the World Air spokesman said "they contacted us" about the device.

Shares in Save the World Air soared from pennies to more than $14 in a matter of months, bolstered by reports of favorable test results of its product and interest by a major U.S. auto manufacturer.

-By Judith Burns, Dow Jones Newswires; 202 862-6692; judith.burns@dowjones.com

(from WSJ.com)