SavWatt USA Inc (SAVW)

[Leo9]

it's old news- it is no news.I Lose Money'
By Timothy B. Wheeler, The Baltimore Sun

7:27 p.m. EDT, September 13, 2011Dirty, used oil promises to bring some badly needed jobs to Baltimore, one recycling company says. But energy-saving light fixtures aren't proving to be the growth business that another company thought they were — at least not yet.

FCC Environmental, a Houston-based company, recently announced plans to build a $50 million plant in Fairfield to recycle used motor oil, hiring 30 people to reclaim a waste normally burned in industrial boilers.

SavWatt USA, meanwhile, is having trouble finding enough work to expand its fledgling light-emitting-diode light assembly plant near M&T Bank Stadium. The Baltimore-based firm has 30 workers, but hoped to have 100 to 150 by year's end, according to its CEO