http://www.faqs.org/sec-filings/110415/LUDVIK-CAPITAL-INC_10-K/
Highlights:
On April 13, 2011, 371,089,237 shares of the Registrant's common stock were outstanding.
HISTORY
SavWatt USA, Inc. ("Company") was incorporated in the State of Delaware under the name of "Ludvik Capital, Inc." on October 20, 2006. Our name was changed to SavWatt USA, Inc. on April 5, 2010. The Company was originally formed for the purpose of becoming a successor and survivor corporation by merger with
Patriot Advisors, Inc. and Templar Corporation pursuant to a plan of reorganization and merger approved by the United States Bankruptcy Court, District of Maine, Case No. 04-20328. The Company's prior business plan was to make investments in public and private companies by providing long-term debt and equity investment capital to fund the growth, acquisitions and recapitalizations of small and middle-market companies in a variety of industries, primarily located in the Untied States. Our prior management was not successful in carrying out its business plan.
EMPLOYEES
We currently have 17 full-time employees. We also have five part-time consultants, including Isaac H. Sutton, our President. We believe that our relations with our employees are good. Our employees are not represented by aunion or covered by a collective bargaining agreement.
In February 2011, the company entered 10 year lease for office and manufacturing space in Baltimore Md. The company will occupy approximately 23,000 square feet with annual base rentals beginning at $9,926 per year in the second year.