Power-Save Energy Company Announces Positive First Quarter Financial Results

SAN LUIS OBISPO, Calif., May. 06 /PRNewswire/ --

SAN LUIS OBISPO, Calif., May 6 /PRNewswire-FirstCall/ -- Power-Save Energy Company , an emerging leader in the renewable energy and energy savings products industry, today announced its fiscal first quarter earnings for the period ending March 31, 2008.

Revenue for the three months ended March 31, 2008 was $654,807 compared to $474,858 for the three months ended March 31, 2007, an increase of $179,949 or 37.9%. The increase was attributable to increased sales of the PS1200 unit for home usage and PS3200 and PS3400 for commercial usage. The gross profit for the three months ended March 31, 2008 was $502,193 compared to $401,294, an increase of $100,898 or 25.1%. The gross profit percentage for the period was 76.7% compared to 84.5% for the three months ended March 31, 2007.

Michael Forster, Power-Save Energy Company President and CEO stated, "We're pleased to again announce another profitable quarter following on the heels of our profitable 2007 fiscal year. When you consider our first quarter results did not include any sales from our recently launched Renewable Energy product line, including the Power-Save Solar and Power-Save Wind Turbine or any revenues from our recently completed acquisition of U.S. Energy Conservation Corporation, we're clearly optimistic looking towards the balance of the year. We continue to believe our business is highly scalable and built on a strong foundation. We intend to remain diligently focused on executing our business plan and on continuing to build long term sustainable shareholder value."

About Power-Save Energy Co.

Power-Save Energy Company (http://www.power-save.com) is a marketing and manufacturing company focused on becoming the premier retailer of renewable energy and energy savings products in the United States. The company is dedicated to the mass-market sale of energy saving products and now renewable energy products direct to the homeowner and small business. The company not only provides both quality tested and certified products direct to the consumer, but also provides them at prices affordable to everyone. Power-Save Intends to 'Make Renewable Do-able!'

Safe Harbor Statement

This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.