SavWatt USA Inc (SAVW)

[Pharaoh-1]

Investopedia explains Private Placement

Since a private placement is offered to a few, select individuals, the placement does not have to be registered with the Securities and Exchange Commission. In many cases, detailed financial information is not disclosed and a the need for a prospectus is waived. Finally, since the placements are private rather than public, the average investor is only made aware of the placement after it has occurred.

Read more: http://www.investopedia.com/terms/p/privateplacement.asp#ixzz1QAdCZNhG