Savwatt USA Inc (SAVW)

SavWatt USA Inc was incorporated on October 20, 2006 in Delaware, under the name of Ludvik Capital, Inc. It changed its name to SavWatt USA, Inc. on April 5, 2010. The company distributes LED technology through a network of independent distributors. The Company has created partnerships with manufacturers to secure the best selection of LED street lights, tubes, spot, and floodlights. SavWatt supplies commercial businesses and retailers, as well as municipalities and state governments, with warranty-guaranteed lighting technology. The Company works closely with each of client find the best solution to its lighting needs. It will be sourcing LED products and parts from factories in the Far East and US Partners. These factories assemble LED bulbs, fixtures and apparatuses based on SavWatt's specifications and bill of material requirements. UL or ETL certification for these products and factories are supervised by SavWatt technicians. SavWatt opened an office in Shenzhen, China to supervise production schedules, shipment arrangements, samples and quality control inspections. All factories contracted by SavWatt will go through a quality control and performance test before becoming a master supplier for SavWatt products. An agreement which each supplier will protect the SavWatt brand, intellectual property and proprietary information to extent that is enforceable in China. During 2012, the Company will increase its focus on the solar markets. In addition to the Company's EcoPole it will be selling solar panel solutions through its SavWatt Depot and Savwatt EPC. Its international sales and purchases are subject to numerous U.S. and foreign laws and regulations, including, without limitation, tariffs, trade barriers, regulations relating to import-export control, technology transfer restrictions, the International Traffic in Arms Regulation promulgated under the Arms Export Control Act, the Foreign Corrupt Practices Act and the anti-boycott provisions of the U.S. Export Administration Act.