SOURCE: SavWatt USA, Inc.

SavWatt USA, Inc.

July 21, 2011 08:00 ET

SavWatt Updates Shareholders on Events

Preparations Underway for July 28 SavWatt Event

BALTIMORE, MD--(Marketwire - Jul 21, 2011) - SavWatt USA, Inc. (OTCBB: SAVW) pioneers in LED lighting and the Green Revolution, announced today an update of company events:

  • Grand opening of SavWatt Baltimore manufacturing facilities and general office is set for July 28, with 200 attendees including several government dignitaries. We expect widespread, positive publicity from this event.
  • SavWatt's New York office has opened to assist in the growth of company projects.
  • Eco-Pole installed at the DDOT in Washington is in test mode. Feedback has been highly positive with worldwide interest.
  • An Eco-Pole will be installed in August at Stony Brook University's new Energy Science Center.
  • University of the District of Columbia is working in conjunction with SavWatt on sustainable energy projects including installing an Eco-Pole on its campus.
  • A SavWatt European subsidy has been formed, SavWatt Europe, Ltd., based in the United Kingdom. Miller Mays and Javier Herero are heading up the subsidiary.
  • The Maryland Science Center Display is in progress and scheduled for August installation.

Michael Haug, SavWatt CEO, commented, "Our entire staff (30 and growing) continue to work extremely hard at making SavWatt a leader in the sustainable energy field. I would ask all shareholders to understand that building a company takes time. We are making enormous strides, step by step, please be patient. Brendan Magone, Investor Relations, is doing a fantastic job in fielding shareholders' inquiries, disseminating company information, and handling social media, and he is the only one in our company commissioned to do so. I ask shareholders -- especially day traders -- to please refrain from obsessively contacting our various staff, suppliers, clients, potential clients, political connections, and potential political relationships with endless queries. Such activity distracts us from our jobs, can ruin potential alliances and contracts, and often creates a stream of misinformation, rumors, and negative vibes in the market. For short term investors and market makers, we are here to stay and make SavWatt a worldwide brand. To long term investors, thank you for your ongoing support and vision. We are anticipating that our July 28 event will turn a new page in SavWatt's history."

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)