SOURCE: SavWatt USA, Inc.

SavWatt USA, Inc.

September 20, 2011 10:25 ET

SavWatt Updates Shareholders on Progress

Forward Carbon Credits Can Provide Serious Working Capital

BALTIMORE, MD--(Marketwire - Sep 20, 2011) - SavWatt USA, Inc. (OTCBB: SAVW), pioneers in LED lighting and the Green Revolution, announced today that the Company is progressing with the following initiatives:

  • On August 30 the ground breaking ceremony took place for SavWatt's newly installed 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 Eco-Pole sets the precedent for a 'greener' and energy efficient planet and has exceeded our expectations, UDC is now looking at installing an additional 10 Eco-Poles." Pictures from the event can be seen by clicking: http://www.facebook.com/media/set/?set=a.253223294701002.61457.189354167754582.

  • The newly installed Eco-Pole at the Port Authority facility in Staten Island, NY weathered hurricane Irene and demonstrated our Eco-Poles performance under severe weather conditions, resulting in uninterrupted performance. SavWatt is now working with the Port Authority in identifying energy saving lighting solutions for their facility.

  • The town of Bladensburg, MD is scheduled to receive their first two Eco-Poles this week. 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 attended FMA Progressive Energy, Environment & Sustainability Congress in Chicago, Illinois. The FMA provides a unique platform to converge and share solutions on issues of environmental sustainability and energy reduction. SavWatt presented its LED Light Solutions to 100 high level corporate Fortune 1000 executives.

  • SavWatt's Shareholders Tour at our new facility in Baltimore, MD was postponed due to hurricane Irene, the new date is Saturday, October 1 from 10 AM - 1 PM. If you are a shareholder and would like to attend, please RSVP to ir@savwatt.com.

  • A video is available on YouTube for SavWatt's July Opening Event, click on http://www.youtube.com/watch?v=AtkYIaOtSaY.

  • 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.

  • SavWatt has retained Green Giant Venture Fund (http://www.greengiantventures.com ) to investigate Carbon Credits that will be available to the company for the installation of Eco-Poles worldwide over the next 5 years. If qualified, Carbon Credits can be sold forward providing substantial working capital for SavWatt.

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 worldwide. 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.

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.

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