BOULDER, Colo. and BRISBANE, Australia, July 10, 2009 (GLOBE NEWSWIRE) -- Save The World Technologies Inc. (Other OTC:SWTG), an international alternative forestry company focused on reforestation and carbon sequestration projects, in conjunction with its investors, has recently completed a management buyout of all shares held by company founders, the Muller Family.
To allow the company to move from a development stage to being focused on delivering its objectives, the Muller family opted to take a back seat in the operations and management of the Company over the last 12 months.
Throughout this period and as part of a company restructure, a new board and management team has been assembled specifically to deliver on the foundations of sustainability, project delivery, company growth and shareholder engagement. One of the final steps in the restructuring process was to provide a clear exit path for Lynette and Jeff Muller.
Save The World Technologies would like to formally thank the Muller Family for their hard work, passion and vision for the company and wish them all the best as they focus on their new goals.
Further announcements on Save The World Technologies, the development of the Global Forestry Plan and its positive impact on the environment will be made over the coming weeks.
About Save The World Technologies Inc.
Save the World Technologies Inc. (Other OTC:SWTG) is an international alternative forestry company focused on reforestation projects for positive environmental and economic impact through large scale bio-sequestration of carbon dioxide greenhouse gases and delivery of sustainable timber to global markets.
Headquartered in Queensland, Australia and Boulder, Colorado, the company, with its unique IP vested in its Super Kiri Tree and Global Forestry Plan, is well positioned to take advantage of the emerging demand for renewable forests and the burgeoning carbon market.
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