SOURCE: SavWatt USA, Inc.

SavWatt USA, Inc.

May 11, 2011 16:00 ET

SavWatt Updates Shareholders on May Events

BALTIMORE, MD--(Marketwire - May 11, 2011) - SavWatt USA, Inc. (OTCBB: SAVW), a leader in LED lighting technology and the green revolution, releases the following current events for shareholders:

SavWatt has formed a European Subsidiary which will be based in the UK, SavWatt Europe, Inc. managed by Miller Mays and Javier Herrero. SavWatt Europe will market SavWatt Energy Efficient LED Light Bulbs and Fixtures in the European community. Europeans are far more progressive on LEDs and therefore businesses, institutions, and homes are several years ahead of the U.S. in using clean energy and are replacing incandescent bulbs with LEDs at a faster pace. The use of Carbon Credits makes the European Community a prime market for SavWatt.

SavWatt has signed partnerships and distributions agreement with two Korean companies, KEC Enercom (www.koreaenercom.com) and Solarluce (www.solarluce.com) for distribution of their LED products. Both companies are leaders in Korea with government backing. These international agreements will greatly broaden SavWatt product lines which will in turn provide SavWatt distributors an extensive product line for their offering. Both Companies' products will be featured in the upcoming Lightfair to be held May 17-19 in Philadelphia.

SavWatt's Baltimore Eco Hub, a 21,000 square foot facility is under construction with a target completion date of June 10. A ribbon cutting ceremony is scheduled for June 23, 2011 where we are anticipating several Maryland dignitaries to attend. The facility will house a model assembly and quality control center, university center, and showroom.

SavWatt will attend Lightfair International in Philadelphia on May 17th - May 19th, our booth number is #661. SavWatt will showcase our Eco-Pole and Waterproof Hex Lamp products. All SavWatt staff and distributors will be attending, including SavWatt overseas partners. This international event will mark the official launch of SavWatt and its product line. Lightfair International is the world's largest annual architectural and commercial lighting trade show and conference. It blends continuing education courses with innovative products ranging from high-end design to cutting-edge technology.

SavWatt employee base now consists of 23 personnel and is increasing daily.

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, 2009, 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)