The annual shareholder’s meeting for Save the World Air (OTC: ZERO) has successfully taken place on September 21, 2012. The company has just released the minutes of the meeting as well as the results of the shareholder’s decisions taken on the day. The company is fast becoming an industry leader in the field of developing applicable solutions for oil and fuel delivery systems. The oil pipeline and diesel engine markets are thriving and Save the World Air is one of the companies hoping to make waves while the market continues generating interest.
Meetings and More
The shareholder’s meeting was a success, and Save the World Air has announced the election of three new directors: Cecil Bond Kyte, Charles Blum and Nathan Shelton. Another announcement was made pertaining to the appointment of an independent auditor for the last fiscal year. The shareholder’s of Save the World Air have chosen the auditing firm of Weinberg & Co.
The annual shareholder’s meeting is not the only meeting that Save the World Air board members have been a part of. In recent times, the company has held a variety of high profile and well-documented meetings with large pipeline and petroleum service companies. The three companies approached by Save the World Air have signed non-disclosure agreements and their names and identities have not been released to the press. However, the reason behind the meetings was to conclude proposal stage negotiations that might result in new commercialization contracts being signed between the companies.
About Save the World Air
Save the World Air is a company dedicated to developing energy efficient technologies that are designed to meet the needs of increasing global demands for energy. With this in mind, it has already created a few patented technologies such as Applied Oil Technology, or AOT, that is created to increase the flow of oil through pipelines. Other technologies include ELEKTRA, which is designed to improve the efficiency of industrial and other types of diesel engines.
Stock Movement
Save the World Air is a well-known penny stock trading in high volumes in the OTC markets. As of right now, the company’s stock is one of the most actively traded penny stocks. The company opened at $0.74 per share after the last trading session and the stock price climbed to $1.07 per share. This is an increase of $0.33 per share, or 59.7%. Over the last three months, the company’s stock has traded at an average volume of 491,258 shares.
Along with Save the World Air, there are a few other penny stocks that analysts put on the must-watch list. Pristine Solutions (OTC: PRTN), along with its wholly owned subsidiary, Eaton Scientific Systems, is involved in the patent pending novel indication of Tropine 3. Cellceutix (OTC: CTIX) is an upcoming bio-pharmaceutical firm with flagship anti-cancer drug Kevetrin.
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