SANTA ANA, Calif., Oct. 22 /PRNewswire/ -- SaviCorp (Pink Sheets: SVMI) announces the State of California has issued an Executive Order for DynoValve, paving the way for DynoValve to be sold to auto repair shops, emissions testing stations, auto part retailers and Municipal/Business Fleets throughout California to help reduce vehicle emissions.
"Our patience, diligence and perseverance have been rewarded. Obtaining the Executive Order from the State of California represents an extraordinary opportunity and milestone for DynoValve," said Serge Monros, SaviCorp CEO. "With 36 cities with 100,000 or more residents and 217 cities with populations of between 25,000 and 100,000 the potential for sales to business, corporate and municipal fleets is unparalleled. California's coveted 'Stamp of Approval' affirms the State's commitment to leading the national effort to convert to 'Green Technologies' and gives DynoValve the chance to lower emissions on thousands of vehicles in the largest motor vehicle market in the world. We are absolutely ecstatic about receiving the blessing of California."
Securing an Executive Order from the State of California is a long, detailed, thoroughly tested process. California has the most stringent, progressive emissions standards in the Untied States. Its standards model will be duplicated by many states in the future. To view our Executive Order click here - http://arb.ca.gov/msprog/aftermkt/devices/eo/D-677.pdf
"The company has invested large sums of capital and time to make the Executive Order a reality. It truly might be the 'Holy Grail' of approvals," added Mr. Monros. This new chapter not only allows SAVI to engage in sales opportunities in California, but also paves the way for us to pursue an additional Executive Order for the diesel DynoValvePro, which actually has greater market potential.
SaviCorp is the evolution of more than twenty years of automotive engine emissions testing and materials research and development. The Company was formed to create, support and license a patented supplementary vehicle emissions reduction and fuel efficiency technology to reduce emissions and improve efficiency. Using proprietary methods and processes, SaviCorp's DynoValve (http://www.dynovalve.com) saves fuel, improves performance and protects the environment, extending engine life, lessoning the carbon offsets, resulting in dramatic savings in both fuel and oil.
Safe Harbor Statement
This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate,'' "believe,'' "expect,'' "future,'' "intend,'' "plan,'' and similar expressions to identify forward-looking statements. Forward-looking statements include, without limitation, our ability to increase income streams, to grow revenue and earnings, and to obtain other Joint Ventures. These statements are only predictions and are subject to certain risks, uncertainties and assumptions, which are identified and described in the Company's public filings with the Securities and Exchange Commission.