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Saturday, September 03, 2011 7:51:23 AM
The latest 10-Q changed the Unilumin language:
SavWatt USA, Inc. ("SavWatt") business plan is to capitalize on the largely unaddressed commercial and consumer market for energy-efficient LED lighting by investing in product and corporate marketing. With public relations and advertising throughout the media, a recognized, popular consumer LED brand will be cultivated, spearheading and establishing a leading market share in the growing energy-efficient bulb sector during the next three to five years. SavWatt has the exclusive marketing rights in the United States to sell LED street lighting for a number of asian companies.
It no longer says Unilumin.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8127437
The last time I see the Unilumin exclusivity statement is the 10-Q for the Quarter ended September 30, 2010
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7794919
What doesn't make sense is that several Asian LED manufacturers would sign exclusive marketing agreements with a start-up that has no sales and marketing team. It costs the OEM lost sales in the US and they have an existing manufacturing plant that needs to produce. It seems very poor industrial strategy by several companies.
Looking at Unilumin (the only named company at an earlier date): Going with Savwatt would produce $0.00 US sales and Unilumin already have a US office. When you read the wording closely it's says:
SavWatt has the exclusive marketing rights in the United States to sell LED street lighting for a number of asian companies.
Doesn't mention Unilumin or that these companies are LED manufacturers. Could be that Savwatt is sourcing gray market products with Asian distributors and perhaps illegally importing them into the US (in violation of existing marketing arrangements between the OEM and its US distributors).
Unilumin has a US office:
?USA Office
Address: 1550 Milliken Ave, Ste. J, Ontario, CA 91761
Technical Support Tel: +1 909-215-3089
Technical Support Email: usa@unilumin.com
Dir: 801-448-3623
Mob:909-215-3089
Fax: 413-521-2434
Email: leddisplay-ricky@unilumin.com
http://www.unilumin.com/contact_us.html
Have you spoken with Unilumin directly to see if Savwatt has exclusive rights in the US?
Is another Intregen about to occur?
If the TA is gagged you can bet it's not in the shareholders best interest.
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