LOS ANGELES, Feb. 2 /PRNewswire-FirstCall/ -- Save the World Air, Inc. (OTC:ZERO) (BULLETIN BOARD: ZERO) announced that it has been notified that its common stock will be quoted on the Over the Counter Bulletin Board effective February 2, 2006. The company's trading symbol remains "ZERO". In other developments, the company announced the successful completion and over-subscription of a private offering of its 9% subordinated convertible notes. Proceeds, in the amount of $1,075,000 gross and $935,250 net after selling commissions, will be used for research and development, sales and marketing, general and administrative expenses and working capital. Spencer Clarke LLC of New York served as the exclusive placement agent for the offering. "This is a red letter day for our company," observed CEO Eugene E. Eichler. "These significant developments will allow our company to grow to the next level of our business plan." Save the World Air, Inc. is currently engaged in the product development, and initial sales and marketing, of devices using proprietary technologies that can be installed on motor vehicles, motorcycles and stationary engines to reduce harmful emissions, improve fuel efficiency and/or improve performance. Safe Harbor Statement The statements contained herein, which are not historical, are forward looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward looking statements, including, but not limited to, the company's filings and future filings with the Securities and Exchange Commission, including those set forth in the company's Annual Report on From 10-KSB for the year ended December 31, 2004. For further information, please contact: Eugene E. Eichler, CEO Save The World Air, Inc. +1-818-487-8000 First Call Analyst: FCMN Contact: debbieg@militaryconnection.net DATASOURCE: Save the World Air, Inc. CONTACT: Eugene E. Eichler, CEO of Save The World Air, Inc., +1-818-487-8000

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