SOURCE: SavWatt USA, Inc.

SavWatt USA, Inc.

August 10, 2011 09:45 ET

SavWatt Updates Shareholders on Progress

Open Invite for Shareholders to Tour Facility

BALTIMORE, MD--(Marketwire - Aug 10, 2011) - SavWatt USA, Inc. (OTCBB: SAVW), pioneers in LED lighting and the Green Revolution, announced today that the Company is progressing with the following initiates:

  • SavWatt's Eco-Pole installation at Stony Brook University's new Energy Center in Stony Brook, New York is set for this month. Installation will precede the planned Grand Opening Ceremony and Ribbon Cutting ceremony of the facility by NY Governor Andrew Cuomo.
  • A ground breaking ceremony is set for August 30 for SavWatt's Eco-Pole installation at the University of the District of Columbia, in the Nation's Capital. UDC's Office of International Programs Exchange, Ambassador-at-Large and Director of UDC Denis Antoine commented, "This ceremony will be a momentous event not only for the University but for academic affairs throughout the world. This day will set the precedent for a 'Greener' and Energy Efficient Planet."
  • Baltimore Gas & Electric has approved SavWatt as a preferred supplier of LED Lights and SavWatt can now process rebates for its BG&E clients. With BG&E rebates businesses and individuals will save substantially on SavWatt LED Lights and at the same time on energy costs.
  • The town of Bladensburg, MD is scheduled to receive their first two Eco-Poles this month, and base preparation is under way. Bladensburg Town Administrator John Moss commented, "We are excited for the Town of Bladensburg. Being able to contribute to a cleaner, greener, and energy efficient planet is always a terrific cause. These Eco-Poles will be the beginning of many energy saving and 'green' ventures with SavWatt."
  • SavWatt USA will be attending the FMA Progressive Energy, Environment & Sustainability Congress on September 11th - 13th, 2011 in Chicago, Illinois. The FMA provides a unique platform to converge and share solutions on issues of environmental sustainability and energy reduction. SavWatt will be presenting at this event to 200 high level corporate Fortune 1000 executives.
  • SavWatt USA will be hosting a Shareholders Tour at our new facility in Baltimore, MD on Saturday, August 27th from 10 AM - 1PM. If you are a shareholder and would like to attend, please RSVP to august27@savwatt.com. (Anyone in need of overnight accommodations in Baltimore please inform us as early as possible, as we have 10 rooms available on a first come, first serve basis).

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
    1-443-449-2886
    Email: Email Contact