Solar Wind Energy Tower, Files 14C Information Statement

Solar Wind Energy Tower, the inventor of large Solar Wind Downdraft Tower structures capable of producing abundant, inexpensive electricity, today announced that it filed a Schedule 14C Information Statement with the Securities and Exchange Commission on June 19th disclosing the following actions that have already been approved by written consent of a majority of the voting stockholders and the Board of Directors.

• To increase the Company's authorized common stock from 1,300,000,000 shares to 5,000,000,000 shares.
• To effectuate a reverse stock split of up to a 1 for 400 of the Company's common stock at the sole discretion of the Board of Directors at such time in the future. This does not necessarily mean that a 1 for 400 stock split or any derivate thereof has been or will be done, but prepares the Company to consider alternative financing proposals from a larger segment of perspective partners/investors.
• The Company has filed a Certificate of Amendment to its Articles of Incorporation to allow the increased number of shares. If and when the Board of Directors decides to effect a reverse stock split an additional amendment to its Articles of Incorporation would be filed.

Ron Pickett, CEO of Solar Wind Energy Tower, Inc., commented, "As mentioned in our June 2, 2015 press release, we have been working with a well-known and highly respected firm to facilitate the pursuit of suitable project financing partners/investors for our project in Arizona, Arizona Green Power, which is staged for development. Attracting and securing those partners/investors will end the utilization of expensive and dilutive "short term convertible notes" as a funding mechanism for the Company. At the advice of this firm, and in the opinion of our Majority Stockholders and the Board, these actions should give us the flexibility to meet the demands of these potential project financing partners/investors. The Company's objective is, and always has been, to complete the first of many game-changing renewable energy towers, and bring increased value to our loyal, long-term shareholders. We look forward to doing just that."