Tuesday, May 24, 2011

$SAVW Trading Up On New $10 Million Agreement Announcement

$SAVW Trading Up On New $10 Million Agreement Announcement
BALTIMORE, MD -- (MARKET WIRE) -- 05/24/11 -- 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.

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