SOURCE: SavWatt USA, Inc.

SavWatt USA, Inc.

May 24, 2011 10:00 ET

SavWatt Signs 100 Electrical Distributors and Energy Service Providers and Projects $10 Million in Revenue First 12 Months

BALTIMORE, MD--(Marketwire - May 24, 2011) - SavWatt USA, Inc. (OTCBB: SAVW) pioneers in LED lighting and the Green Revolution, announced today that as a result of overwhelming interest in SavWatt's products at the recent LightFair Exhibition in Philadelphia, Company sign ups of Energy Service Providers and Electrical Supply Distributors as SavWatt Partners will exceed 100 by month end. Partners that sign up with SavWatt receive discounts from SavWatt's standard list price, enabling them to readily resell SavWatt products. With an annual minimum target of $100,000 in purchases required in the agreement in order to maintain their partnership, management projects over $10 million in revenues for the first twelve months of operations.

Michael Haug, CEO of SavWatt commented, "The May 16-19, 2011 International LightFair Show was a very significant debut for SavWatt. We had an overwhelming positive reception and large number of visitors to our booth, especially due to our Eco-Pole exhibit. SavWatt demonstrated that we have what it takes to be a major force in the LED Lighting and Green revolution. We have pre-booked our bigger space for next year's LightFair 2012 in Las Vegas."

About SavWatt
Fast becoming the market leader in LED lighting, SavWatt focuses on developing innovative, energy-efficient and cost-effective LED lighting solutions. By delivering value added, application-specific LED lighting systems, we can significantly reduce energy costs and minimize our carbon footprint world-wide. SavWatt is leading the LED lighting revolution and setting the stage to obsolete the incandescent light bulb. SavWatt's product families include LED fixtures, bulbs, street lights, and parking lights. For additional product and company information, please refer to www.savwatt.com. To hear audio updates on the company text SAVW to 46800. Visit our official Facebook page at http://www.facebook.com/SavWatt.

This press release contains forward-looking statements involving risks and uncertainties, both known and unknown, that may cause actual results to differ materially from those indicated. Actual results may differ materially due to a number of factors, including the risk we may encounter delays or other difficulties in ramping-up production of our new products; the rapid development of new technology and competing products that may impair demand or render SavWatt's products obsolete; and other factors discussed in SavWatt's filings with the Securities and Exchange Commission, including its report on Form 10-K for the year ended December 31, 2010, and subsequent filings.

SavWatt and Eco-Pole are registered trademarks of SavWatt USA, Inc.

Contact Information

  • Contact:
    Brendan Magone
    Investor Relations
    1-307-399-2507
    Email Contact
    Text BRENDAN to 46800 (GO800)