SaviCorp Working Towards Increased Public Disclosure; End Goal to Become Current with SEC Filings and Quoted on the OTC Bulletin Board

SANTA ANA, Calif., Jan. 13, 2011 /PRNewswire/ -- SaviCorp (Pink Sheets: SVMI) (the "Company") today announced its plans in taking several important and necessary steps required to bring the Company current with its filings with Pink OTC Markets, Inc. and the United States Securities and Exchange Commission ("SEC") and have its stock quoted again on the Over the Counter Bulletin Board.

The Company has been working diligently for the past year with accountants, tax specialists and legal in the time consuming process of straightening out their past financial records and updating their public filings. The Company's initial step consists of filing an Information Statement containing unaudited financial statements with Pink OTC Markets, Inc. ("Pink Sheets") and becoming a Pink Sheets "Current Information" filer. (A complete explanation of the OTC Market Tier system can be found at www.otcmarkets.com). Although no assurances or guarantees can be provided until the Information Statement is complete and approved by the compliance department at Pink Sheets, the Company hopes such filings will accomplish four important milestones. First, the "Stop - Pink Sheets No Information" symbol and notice that is currently present on the Pink Sheets website may be removed. Second, this will hopefully assist investors in depositing their stock certificates in their trading accounts with their individual brokers, although such final decisions remain at the discretion of individual brokers and dealers. Third, major brokerage firms will hopefully allow investors to purchase SVMI stock. Fourth, we believe that investor confidence will increase as major brokerage firms will be able to process their stock transactions in an expeditious manner and investors will have greater insight into the Company's current business and financial status.

Following the filing and approval of the Information Statement with Pink Sheets, the Company anticipates completing the process of auditing its past financial statements and filing such audited financial statements and other reports necessary to bring the Company current with its SEC filings. Once current in its SEC filings, the Company hopes to have its stock quoted once again on the OTC Bulletin Board.

SaviCorp CEO Serge Monros stated, "We have been working diligently to stabilize our Company and to move forward to the next level by meeting all SEC filing requirements. I now want to take the time to thank every person on the SaviCorp team for their undivided attention and effort in helping the Company move closer to its important near-term goals. The steps we have taken thus far, coupled with an eventual OTC listing, will be important in helping investors attain an even greater level of insight and confidence in SaviCorp going forward."

SaviCorp is excited to announce that we will be participating in the 2011 Asian American Expo in Pomona on January 15th and 16th, 2011 (Sat & Sun).

Ms. Jane Wang of Chinese Overseas Marketing Service Corp./Asian American Expo has given us the opportunity to promote SaviCorp and the DynoValve by participating in this Expo.  

As one of the largest expositions in Southern California, this is one opportunity that any business should not miss.

Recognized as one of the largest Chinese Lunar New Year celebrations in the West, the Asian American Expo 2011 has over tens of thousands of people to attend the spectacular trade show and to celebrate the Lunar New Year festivities and celebrations.

In an effort to keep all informed, following is the event's information:

• Asian American Expo 2011 - 30th Anniversary
• We will be in the business to business building (Hall 5) (Click here for details).  We will have the opportunity to discuss/promote DynoValve products to distributors, investors, consumers, etc.
• Expo hours 10am to 7pm.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, among others, all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results of the Company to differ materially from those anticipated, expressed or implied in the forward-looking statements. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from those anticipated include risks related to new and existing products, product defects and any related product recall; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements. The Company assumes no obligation and does not intend to update any forward-looking statements, except as required by law.

SOURCE SaviCorp