SavWatt USA Inc (SAVW)

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SavWatt's Subsidiary Pro EcoSolutions Signs Contract With Con Edison
Date : 04/01/2011 @ 8:00AM
Source : MarketWire
Stock : SavWatt USA, Inc. (SAVW)
Quote : 0.0002 0.0001 (100.00%) @ 9:30AM

SavWatt's Subsidiary Pro EcoSolutions Signs Contract With Con Edison
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Savwatt Usa, Inc. (OTCBB:SAVW)
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SavWatt USA, Inc. (OTCBB: SAVW), pioneers in LED lighting and the green revolution, announced today that their subsidiary Pro EcoSolutions LLC has entered into a non-exclusive agreement with Comverge / Con Edison to administer their Targeted Demand Side Management Program.

Con Edison's Targeted Demand Side Management Program offers incentives for upgrading to more energy efficient equipment. Pro EcoSolutions will target New York City businesses, replace existing incandescent bulbs, subsidize the cost of lighting, and administer the installation. Con Edison will be paying Pro EcoSolutions 65 cents per watt saved.

John Romano, President of Pro EcoSolutions, LLC commented, "This agreement provides us with the incentives to be on the street in New York City, offering FREE energy saving bulbs to businesses. Our short term goal is to give away 100,000 energy saving bulbs, saving 4.7 million watts, which provides substantial energy saving costs to these businesses. In addition these efforts will contribute to our Green efforts by reducing carbon emissions and energy loads for Con Edison. This program will generate revenues for Pro EcoSolutions and our parent SavWatt."

About Pro EcoSolutions, LLC

Pro EcoSolutions (PES) is a New Jersey based implementation firm specializing in comprehensive support services for all energy services companies and performance contractors. PES provides a single source for project support and installation. Pro EcoSolutions professionals will develop design/build specifications, manage construction, and provide post-installation performance evaluations. For further information visit our web site at www.pro-ecosolutions.com