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[SwingKing]

SAVW: Confirmation of yesterday's rumor

6/3/11 SavWatt USA, Inc. (OTCBB: SAVW), pioneers in LED lighting and the Green revolution, announced today that The Town of Bladensburg has signed a letter of intent to partner with SavWatt in the implementation and build out of the Town's Green Street efforts. It is anticipated that this partnership will place a number of LED lights along the Town's Green Street as well as possible other locations, significantly enhancing the current lighting in the area while reducing the overall operating cost by about 50%. See attached link for a copy of the LOI http://savwatt.com/news_list?article_level1_category_id=9.

We called the city of Bladensburg and they confirmed the project. They already have $5,000,000 to get things rolling. Not only were talking about replacing street lights but also commented about installing Eco-poles, opening a 12,500 distribution center that will create 25-30 jobs.

Bladensburg is taking the lead for local municipalities converting to green energy. City planners want their township to be considered at the forefront of green energy conversion. The goal to reduce energy cost by 50% is a win-win for both SAVW and the city. Bladensburg receives millions of dollars in tax savings by a smaller electrical bill, gets federal grants to pay for most of the project, creates new jobs for the community, and of course all of this is great for the politicians doing “wonderful things” for the city.

SavWatt in return gets a new manufacturing-distribution center, guaranteed revenue stream, a independent energy savings report free of charge and of course invaluable exposure to local/ national government agencies and corporations.

Bladensburg was chosen for a reason and IMO its location says it all. Being located in a heavily populated central location just outside of Washington DC it is easily accessible to politicians and business executives from all over the country. According to local press the project is being considered a beta test for a long list for surrounding cities, towns, other private entities all after federal funding for the mandatory lighting upgrades and the opportunity to save their tax $$$ in their back yard as well.

IMHO: This could turn out to be the project that catapults SavWatt into the national markets. The city is leading the way and has something to prove since this whole idea was pitched on the premise it will equate to reduced energy expenditures and will pay for itself over the next few years. The number one plus for SAVW has to be the city will release the beta results guaranteeing credibility and laying out a road map for others municipalities to follow. I am in the process of trying to get a copy of the original proposal submitted to the city. More to follow.