SaviCorp Announces New Appointment and Key Executive Contract Extensions

SANTA ANA, Calif., Feb. 19, 2013 /PRNewswire/ -- – SaviCorp® (OTCPK: SVMI)

Serge Monros, Founder, Chief Executive Officer/Chief Technology Officer and Victor Chu, President, SaviCorp, announced today that Ed Martinez has been named Director of Information Technology, reporting directly to Mr. Chu.  In addition, the company announced contract extensions for key executives Rick Thomas, Chief Marketing Consultant, and Jerry Jacobsen, Senior Vice President, Media and Communications (executive bios at www.savicorp.com). 

"Ed brings his depth and experience within information technology innovations, and we look forward to the many contributions that he will make toward building world-class systems and infrastructures supporting our operations and internet strategy," said Chu.

"I am very pleased to join SaviCorp, and look forward to being a part of this dynamic management team," commented Mr. Martinez.  "My focus will be to ensure that our technical capabilities are maximized to provide the top-level efficiencies and interfaces from within current market trends in technology."

After 20 years as an Army soldier, aviation crew chief and pilot, Ed Martinez previously worked as IT Director for Gateway Educational Products (makers of Hooked on Phonics), Chief Information Officer for Micro Optics Design Corporation, and as an IT executive for Donner Corp, an investment banking firm.  As President of his consulting firm, his most noted clients include Miramax Films, KJam Media, Legit & Platt and MicroMedia Filtration.

"As key executives leading our marketing and communications efforts," Victor Chu continued, "Serge and I are also pleased to continue our working relationship with Rick Thomas and Jerry Jacobsen as they move to significantly develop our brand building initiatives across multiple platforms – critical in helping us achieve our future growth objectives and increase shareholder value.  As part of our senior team, their combined business acumen and media counsel have been invaluable."

SaviCorp, recent recipient of a pollution control system patent via company Founder, CEO and CTO Serge Monros (patent no. 8,360,038 B2, 01/29/13) is a U.S.-based pioneer in automotive technology innovations and products that reduce harmful emissions and improve fuel efficiency (including its flagship DynoValve).

For more information about SaviCorp and their signature DynoValve product, visit www.savicorp.com

DynoValve Saves Gas and Cuts Emissions Video – or www.youtube.com/watch?v=uuJwIxXqFhU

About SaviCorp

SaviCorp (savicorp.com) is an innovative automotive technology company that licenses, manufactures, distributes and services an array of patented technologies and products that reduce harmful emissions and improve fuel efficiency. The Company, an evolution of more than twenty years of automotive engine emissions testing, materials research and development, was formed to create, support and license our patented supplementary vehicle Emissions Reduction Technologies (ERT) to reduce emissions and improve efficiency.  Using proprietary methods and processes, the Company's flagship DynoValve® system protects the environment, lessens an engine's carbon offsets, increases gas mileage, and improves engine performance resulting in dramatic savings in both fuel and oil.

Forward-Looking Statement Disclosure

Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Although we believe that the expectations and assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Some of these uncertainties include, without limitation, the company's ability to perform under existing contracts, to procure future contracts, to acquire certain assets, or to finalize funding for the purchase of certain assets. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, successful implementation of our business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. We undertake no obligation and do not intend to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements.

Contacts:

Rick Thomas
(310) 595-5800

Jerry Jacobsen
(323) 963-5708

SOURCE SaviCorp