UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 10-K

(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

                   For the fiscal year ended December 31, 2007

                                       OR

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
    ACT OF 1934

             For the transition period from __________ to __________

                        Commission File Number 000-52402


                                SAVWATT USA, INC
                    (formerly known as Ludvik Capital, Inc.)
             (Exact name of registrant as specified in its charter)

           Delaware                                              27-2478133
(State or other jurisdiction of                               (I.R.S. Employer
 Incorporation or organization)                              Identification No.)

            6801 Eastern Avenue, Suite 203, Baltimore, Maryland 21224
                    (Address of principal executive offices)

                                 (866) 641-3507
              (Registrant's telephone number, including area code)

        Securities registered pursuant to Section 12(b) of the Act: None

           Securities registered pursuant to Section 12(g) of the Act:

                               Title of Each Class
                         Common Stock, $.0001 par value

Indicate by check mark if the  registrant  is a  well-known  seasoned  issuer as
defined in Rule 405 of the Securities Act. Yes [ ] No [X]

Indicate  by  check  mark if the  registrant  is not  required  to file  reports
pursuant to Section 13 or Section 15(d) of the Act. Yes [ ] No [X]

Indicate  by check  mark  whether  the  registrant:  (1) has filed  all  reports
required by Section 13 or 15(d) of the  Securities  Exchange  Act of 1934 during
the  preceding  12 months (or for such  shorter  period that he  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. Yes [ ] No [X]

Indicate by check mark if disclosure of delinquent  filers  pursuant to Item 405
of Regulation S- K is not contained  herein,  and will not be contained,  to the
best  of  the  registrant's   knowledge,  in  definitive  proxy  or  information
statements  incorporated  by  reference  in Part  III of this  Form  10-K or any
amendment to this Form 10-K. [X]

Indicate by check mark whether the registrant is a large  accelerated  filer, an
accelerated filer, a non-accelerated  filer or a smaller reporting company.  See
definitions  of "large  accelerated  filer,"  "accelerated  filer," and "smaller
reporting company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer [ ]                        Accelerated filer [ ]
Non- accelerated filer [ ]                         Smaller reporting company [X}

Indicate by check mark whether the  registrant is a shell company (as defined in
Rule 12b-2 of the Act). Yes [X] No [ ]

The aggregate  marker value of the voting and  non-voting  common equity held by
non-affiliates computed by reference to the price at which the common equity was
last sold, or the average bid and asked price of such common  equity,  as of the
last business day of the Registrant's  second fiscal quarter (June 30, 2009) was
approximately $537,028.

On August 23, 2010,  108,475,175  shares of the  Registrant's  common stock were
outstanding.

                    DOCUMENTS INCORPORATED BY REFERENCE: NONE
<PAGE>
                                TABLE OF CONTENTS

ITEMS                                                                       PAGE
                                                                            ----

                                     PART I

Item 1.   Business                                                            4
Item 2.   Properties                                                          7
Item 3.   Legal Proceedings                                                   7
Item 4.   Submission of Matters to a Vote of Security Holders                 7

                                     PART II

Item 5.   Market For Common Equity and Related Stockholder Matters and
          Issuer Purchases of Equity Securities                               7
Item 6.   Selected Financial Data                                             9
Item 7.   Management's Discussion and Analysis of Financial Condition and
          Results of Operations                                               9
Item 8.   Financial Statements                                               10
Item 9.   Changes in and Disagreements with Accountants on Accounting and
          Financial Disclosure                                               10
Item 9A.  Controls and Procedures                                            10
Item 9B.  Other Information                                                  10

                                    PART III

Item 10.  Directors, Executive Officers, Promoters and Control Persons of
          the Registrant; Compliance with Section 16(a) of the Exchange Act  10
Item 11.  Executive Compensation                                             13
Item 12.  Security Ownership of Certain Beneficial Owners and Management
          and Related Stockholder Matters                                    14
Item 13.  Certain Relationships and Related Transactions                     15
Item 14.  Principal Accounting Fees and Services                             15
Item 15.  Exhibits                                                           15

                                       2
<PAGE>
                              CAUTIONARY STATEMENT

     This Form 10-K contains "forward-looking  statements" within the meaning of
the Private  Securities  Litigation  Reform Act of 1995.  Some of the statements
contained  in this Form 10-K for SavWatt  USA,  Inc.,  formerly  known as Ludvik
Capital, Inc. ("Company"),  discuss future expectations,  contain projections of
results of  operation or  financial  condition or state other  "forward-looking"
information.   These   statements  are  subject  to  known  and  unknown  risks,
uncertainties,  and other factors that could cause the actual  results to differ
materially  from  those  contemplated  by the  statements.  The  forward-looking
information  is  based  on  various   factors  and  is  derived  using  numerous
assumptions.

     Management  expresses its  expectations,  beliefs and  projections  in good
faith  and  believes  the  expectations   reflected  in  these   forward-looking
statements  are based on  reasonable  assumptions;  however,  Management  cannot
assure current stockholders or prospective stockholders that these expectations,
beliefs  and  projections  will  prove  to  be  correct.   Such  forward-looking
statements  reflect the current views of Management  with respect to the Company
and anticipated future events.

     Management cautions current stockholders and prospective  stockholders that
such forward-looking statements,  including,  without limitation, those relating
to the Company's future business prospects,  demand for its products,  revenues,
capital needs, expenses, development and operation costs, wherever they occur in
this Form 10-K, as well as in the documents  incorporated  by reference  herein,
are not guarantees of future  performance or results,  but are simply  estimates
reflecting  the best  judgment of  Management  and involve a number of risks and
uncertainties  that could cause actual results to differ  materially  from those
suggested by such forward-looking statements.

      Important factors that may cause actual results to differ from projections
include, for example:

     *    the success or failure of management's efforts to implement their
          business strategy;

     *    the ability of the Company to raise sufficient capital to meet
          operating requirements;

     *    the uncertainty of consumer demand for our products, services and
          technologies;

     *    the ability of the Company to protect its intellectual property
          rights;

     *    the ability of the Company to compete with major established
          companies;

     *    the effect of changing economic conditions;

     *    the ability of the Company to attract and retain quality employees;

     *    the current global recession and financial uncertainty; and

     *    other risks which may be described in future filings with the SEC.

     Words such as "anticipates,"  "expects,"  "intends,"  "plans,"  "believes,"
"seeks,"  "estimates," and variations of such words and similar  expressions are
intended to identify such forward-looking  statements.  These statements are not
guarantees of future performance and are subject to certain risks, uncertainties
and  assumptions  that are difficult to predict.  Therefore,  actual results and
outcomes may differ  materially from what is expressed or forecasted in any such
forward-looking  statements.  Unless required by law, the Company  undertakes no
obligation  to update  publicly  any  forward-looking  statements,  whether as a
result of new information, future events or otherwise.

                                       3
<PAGE>
                                    FOREWORD

     The Company was  incorporated on October 20, 2006, under the name of Ludvik
Capital,  Inc. We changed  our name to SavWatt  USA,  Inc. on April 5, 2010.  On
January 12, 2007, we filed a Form 10 registration  statement under section 12(g)
of the  Securities  Exchange  Act of 1934,  as amended  ("Exchange  Act").  As a
consequence of filing our Form 10, we became  subject to the periodic  reporting
requirements  of the  Exchange Act and were  required to file Annual  Reports of
Form 10-K,  Quarterly  Reports on Form 10-Q,  Current Reports on Form 8-K, Proxy
Statements  pursuant to Regulation 14A and Schedule 14C  Information  Statements
pursuant to the Exchange Act.

     Our prior management filed numerous Form 8-K Current Reports, but failed to
file the  requisite  Annual  Reports  on Form 10-K for the  fiscal  years  ended
December 31, 2006, 2007, 2008 and 2009. In addition, our prior management failed
to file Quarterly  Reports on Form 10-Q for the quarters ended March 31, June 30
and September 30, 2007,  for the quarters  ended March 31, June 30 and September
30, 2008,  for the quarters  ended March 31, June 30 and September 30, 2009, and
for the quarter ended March 31, 2010.

     As a result  of prior  management's  failure  to file the  above  described
periodic  reports,  our  common  stock  is not  eligible  for  quotation  on the
Over-the-Counter Bulletin Board. Instead our common stock is quoted on the "Pink
Sheets."  Our  management  is intent on taking all steps  necessary  to have our
common stock quoted on the  Over-the-Counter  Bulletin  Board and has previously
filed the Form 10-K Annual  Report for the Fiscal Year Ended  December 31, 2006,
and the Form 10-Q Quarterly Reports for 2007, Our management is filing this Form
10-K Annual  Report for the Fiscal Year Ended  December  31,  2007,  and will be
filing the Form 10-K Annual Reports for the Fiscal Years Ended December 31, 2008
and 2009, and delinquent  Form 10-Q Quarterly  Reports  described  above. We are
also  seeking  a market  maker to file a Form 211 with  FINRA in order for us to
obtain a new trading  symbol and have our shares quoted on the  Over-the-Counter
Bulletin Board.

     While  this Form 10-K  contains  certain  narrative  information  about our
Company that is current,  this Form 10-K contains audited  financial  statements
for 2006 and 2007 only,  which are  obviously  outdated  and do not  present our
current  financial  condition.   THEREFORE,  OUR  SHAREHOLDERS  AND  PROSPECTIVE
INVESTORS  ARE URGED TO READ OUR ANNUAL  REPORT ON FORM 10-K FOR THE FISCAL YEAR
ENDED DECEMBER 31, 2009,  AND OUR QUARTERLY  REPORTS FOR THE PERIODS ENDED MARCH
31, 2010 AND JUNE 30, 2010, PRIOR TO MAKING AN INVESTMENT  DECISION WITH RESPECT
TO THE SHARES OF OUR COMMON STOCK.

                                     PART I

ITEM 1. BUSINESS.

HISTORY

SavWatt USA, Inc.  ("Company")  was  incorporated in the State of Delaware under
the name of "Ludvik  Capital,  Inc." on October 20, 2006. Our name was change to
SavWatt USA, Inc. on April 5, 2010.  The Company was  originally  formed for the
purpose of becoming a successor and survivor  corporation by merger with Patriot
Advisors,  Inc. and Templar Corporation pursuant to a plan of reorganization and
merger approved by the United States Bankruptcy  Court,  District of Maine, Case
No.  04-20328.  The Company's  prior  business plan was to make  investments  in
public and private  companies by providing  long-term debt and equity investment
capital to fund the  growth,  acquisitions  and  recapitalizations  of small and
middle-market  companies in a variety of  industries,  primarily  located in the
Untied  States.  Our prior  management  was not  successful  in carrying out its
business plan.

CURRENT BUSINESS

The Company  underwent a change in control on March 31, 2010, when Sutton Global
Associates,  Inc. acquired approximately  50,723,310 shares or 51% of our common
stock. Sutton Global Associates,  Inc. is controlled by our President,  Isaac H.
Sutton.  Under the guidance of Mr.  Sutton,  the Company  adopted a new business
plan to capitalize on the largely unaddressed commercial and consumer market for
energy-efficient  Light Emitting Diode ("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  light
bulb sector during the next three to five years. We have the exclusive marketing
rights in the United States to sell LED street lighting for Unilumin,  a Chinese
company (www.unilumin.com).

                                       4
<PAGE>
LEDs are an  unprecedented,  innovative type of lighting first introduced almost
half a century ago.  Though  initially too costly to  implement,  LED prices are
finally  decreasing  because of newly  developed  technology.  LEDs are the most
efficient  energy-saving  devices  on the  market.  Incandescent  lighting,  the
variety we employ today, can no longer be sold by 2012.

PRODUCTION:

SavWatt  will be sourcing  LED products  from  factories  in the FarEast.  These
factories  assemble  LED bulbs,  fixtures  and  apparatuses  based on  SavWatt's
specifications  and bill of material  requirements.  UL or ETL certification for
these products and factories are supervised by SavWatt technicians.  SavWatt has
plans in the near  future  to open an  office  in  Shenzen,  China to  supervise
production  schedules,  shipment  arrangements,   samples  and  quality  control
inspections.  All  factories  contracted  by  SavWatt  will go through a quality
control and  performance  test  before  becoming a master  supplier  for SavWatt
products. An agreement which each supplier will protect SavWatt as to use of our
brand,  intellectual  property  and  proprietary  information  to extent that is
enforceable in China.

We are a development  stage  enterprise  and have had nominal  operations  since
inception.

Our fiscal year end is December 31.

HOW TO CONTACT US

     The  Company's  principal  executive  offices are  located at 6801  Eastern
Avenue,  Suite 203,  Baltimore,  Maryland 21224.  Our telephone  number is (866)
641-3507.

COMPETITIVE BUSINESS CONDITIONS

     The lighting industry is intensely  competitive and many of our competitors
are  large,  well  funded  companies  that  have  substantially  larger  staffs,
manufacturing and distribution  facilities and financial  resources that we have
at the  present  time.  In the  LED  market,  we  compete  with  companies  that
manufacture  or sell  nitride-based  LED  chips as well as those  that  sell LED
components.  Competitors  are  offering  new blue,  green  and  white  LEDs with
aggressive prices and improved performance. These competitors may reduce average
sales prices faster than we are able to reduce costs,  and  competitive  pricing
pressures may accelerate the rate of decline of our average sales prices.

EFFECT OF EXISTING OR PROBABLE GOVERNMENTAL REGULATIONS

      We  purchase  our  products  from  overseas  sources.  As  a  result,  our
international  sales and purchases are subject to numerous U.S. and foreign laws
and  regulations,   including,  without  limitation,  tariffs,  trade  barriers,
regulations relating to import-export control, technology transfer restrictions,
the International  Traffic in Arms Regulation  promulgated under the Arms Export
Control Act, the Foreign Corrupt  Practices Act and the anti-boycott  provisions
of the U.S. Export  Administration Act. If we fail to comply with these laws and
regulations,   we  could  be  liable  for  administrative,   civil  or  criminal
liabilities,  and in the extreme  case,  we could be suspended or debarred  from
government  contracts or our export  privileges could be suspended,  which could
have a material adverse effect on our business.

     International sales and purchases are also subject to a variety of other
risks, including risks arising from currency fluctuations, collection issues and
taxes. Our international sales are subject to variability as our selling prices
become less competitive in countries with currencies that are declining in value
against the U.S. Dollar and more competitive in countries with currencies that
are increasing in value against the U.S. Dollar. In addition, our international
purchases can become more expensive if the U.S. Dollar weakens against the
foreign currencies in which we are billed. We have not entered into any foreign
currency derivative financial instruments; however, we may choose to do so in
the future in an effort to manage or hedge our foreign exchange rate risk.

     The Company's  common stock is registered  pursuant to Section 12(g) of the
Securities  Exchange Act of 1934, as amended  ("Exchange  Act").  As a result of
such registration, the Company is subject to Regulation 14A of the Exchange Act,
which regulates proxy  solicitations.  Section 14(a) requires all companies with
securities registered pursuant to Section 12(g) thereof to comply with the rules
and regulations of the Commission regarding proxy solicitations,  as outlined in

                                       5
<PAGE>
Regulation 14A. Matters submitted to stockholders of the Company at a special or
annual meeting thereof or pursuant to a written consent will require the Company
to provide its  stockholders  with the information  outlined in Schedules 14A or
14C of Regulation 14;  preliminary  copies of this information must be submitted
to the Commission at least 10 days prior to the date that  definitive  copies of
this information are forwarded to stockholders.

     The  Company  is also  required  to file  annual  reports  on Form 10-K and
quarterly  reports on Form 10-Q with the Commission on a regular basis, and will
be required to disclose  certain  events in a timely  manner,  (e.g.  changes in
corporate  control;  acquisitions  or  dispositions  of a significant  amount of
assets  other than in the  ordinary  course of business;  and  bankruptcy)  in a
Current Report on Form 8-K.

     WE WILL BE SUBJECT TO THE REQUIREMENTS OF SECTION 404 OF THE SARBANES-OXLEY
ACT. IF WE ARE UNABLE TO TIMELY  COMPLY WITH SECTION 404 OR IF THE COSTS RELATED
TO COMPLIANCE ARE  SIGNIFICANT,  OUR  PROFITABILITY,  STOCK PRICE AND RESULTS OF
OPERATIONS AND FINANCIAL CONDITION COULD BE MATERIALLY ADVERSELY AFFECTED.

     The Company is required to comply with the provisions of Section 404 of the
Sarbanes-Oxley  Act of  2002,  which  requires  that we  document  and  test our
internal  controls  and  certify  that we are  responsible  for  maintaining  an
adequate  system of internal  control  procedures for the 2008 fiscal year. This
section also requires that our  independent  registered  public  accounting firm
opine on those internal controls and management's  assessment of those controls.
We are currently  evaluating our existing controls against the standards adopted
by the Committee of Sponsoring  Organizations of the Treadway Commission (COSO).
During the course of our ongoing  evaluation  and  integration  of the  internal
controls of our business,  we may identify areas requiring  improvement,  and we
may have to design enhanced  processes and controls to address issues identified
through this review (see Item 9A, below for a discussion  our internal  controls
and procedures).

     We believe that the  out-of-pocket  costs,  the  diversion of  management's
attention from running the day-to-day  operations and operational changes caused
by the need to comply with the requirement of Section 404 of the  Sarbanes-Oxley
Act could be significant.  If the time and costs associated with such compliance
exceed  our  current  expectations,  our  results of  operations  and the future
Exchange Act filings of our Company could be materially adversely affected.

     Aside from  required  compliance  with federal and state  securities  laws,
regulations and rules,  and federal,  state and local tax laws,  regulations and
rules,  the Company is not aware of any other  governmental  regulations  now in
existence  or that may arise in the future that would have a material  effect on
the business of the Company.

INTELLECTUAL PROPERTY RIGHTS

     The Company  presently holds no intellectual  property rights.  The Company
intends  to seek  copyright  and  trademark  protection  of its trade  names and
products. The Company's success and ability to compete are dependent to a degree
on the Company's  name and product  recognition.  Accordingly,  the Company will
primarily  rely on  copyright,  trade  secret and  trademark  law to protect its
product and brand names of  products  or under  which the Company  conducts  its
business.  Effective trademark protection may not be available for the Company's
trademarks.

      The  Company's  competitors  or others may adopt  product or service names
similar to the Company's,  thereby impeding the Company's ability to build brand
identity and possibly leading to customer confusion.  The Company's inability to
adequately  protect its product,  brand, trade names and trademarks would have a
material  adverse  effect on the  Company's  business,  financial  condition and
operating results.  Despite any precautions the Company takes, a third party may
be able to copy or otherwise  obtain and use the  Company's  technology or other
proprietary  information without  authorization or to develop similar technology
independently.

      Policing  unauthorized  use of the Company's  products are made especially
difficult by the global nature of the Internet and the difficulty in controlling
the  ultimate  destination  or security  of products or other data.  The laws of
other countries may afford the Company little or no effective protection for the
Company's intellectual property.

EMPLOYEES

      We currently  have two full-time  employees,  including  Michael Haug, our
Chief Executive  Officer.  We also have seven part-time  consultants,  including
Isaac H. Sutton, our President.  We believe that our relations with our employee
are good. Our employee is not  represented by a union or covered by a collective
bargaining agreement.

                                       6
<PAGE>
REPORTS TO SECURITY HOLDERS

      The public may view and obtain copies of the Company's  reports,  as filed
with the Securities and Exchange Commission,  at the SEC's Public Reference Room
at 100 F Street,  NE, Room 1580,  Washington,  D.C.  20549.  Information  on the
Public  Reference  Room is  available  by  calling  the  SEC at  1-800-SEC-0330.
Additionally,  copies of the Company's reports are available and can be accessed
and   downloaded   via   the   internet   on  the   SEC's   internet   site   at
http://www.sec.gov.

ITEM 2. PROPERTIES.

     The Company does not own any real estate.

     On July 1, 2010, the Company relocated its principal executive offices from
New York City to 6801 Eastern Avenue, Suite 203, Baltimore,  Maryland 21224. Our
new offices contain  approximately 2,000 square feet under a written lease for a
term of three years at an annual rent of $23,000.

ITEM. 3 LEGAL PROCEEDINGS.

      The  Company is not the subject of any pending  legal  proceedings  to the
knowledge of  management,  nor is there any presently  contemplated  against the
Company by any federal,  state,  or local  government  agency.  Further,  to the
knowledge  of  management,  no director or  executive  officer is a party to any
action in which his interest is adverse to the Company.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

     The Company is not aware of any matters  having been submitted to a vote of
security  holders prior to March 31, 2010.  On March 31, 2010,  the holders of a
majority  of our voting  securities,  acting by written  consent,  approved  the
changing of our name to SavWatt USA, Inc. and increasing  our authorized  common
stock to 2,000,000,000  shares,  $.0001 par value, and increasing our authorized
preferred stock to 200,000,000 shares, $.001 par value.

                                     PART II

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS
        AND ISSUER PURCHASES OF EQUITY SECURITIES.

     As of the date of this Annual Report,  the Company's Common Stock is quoted
on the Pink  Sheets  under the symbol  "LDVK.PK."  The market for the  Company's
Common Stock is limited,  volatile  and sporadic and the price of the  Company's
Common  Stock could be subject to wide  fluctuations  in  response to  quarterly
variations in operating results,  news announcements,  trading volume,  sales of
Common Stock by officers,  directors and principal  shareholders of the Company,
general  market  trends,  changes in the  supply  and  demand for the  Company's
shares,  and other  factors.  Our Common Stock was not traded on any exchange or
quoted on any quotation service in 2006. The following table sets forth the high
and low sales prices for each quarter relating to the Company's Common Stock for
the last two fiscal years. These quotations reflect  inter-dealer prices without
retail  mark-up,   markdown,   or  commissions,   and  may  not  reflect  actual
transactions.

               Fiscal 2007                    High           Low
               -----------                    ----           ---
               First Quarter (1)           $  10.00       $  5.50
               Second Quarter (1)          $  15.00       $  5.50
               Third Quarter (1)           $   6.00       $   .675
               Fourth Quarter (1)          $   1.25       $   .080

               Fiscal 2008                    High           Low
               -----------                    ----           ---
               First Quarter (1)           $    .65       $   .02
               Second Quarter (1)          $    .40       $   .04
               Third Quarter (1)           $    .40       $   .04
               Fourth Quarter (1)          $    .19       $   .01

                                       7
<PAGE>
               Fiscal 2009                    High           Low
               -----------                    ----           ---
               First Quarter (2)           $    .130      $   .0100
               Second Quarter (1)          $    .020      $   .0021
               Third Quarter (1)           $    .015      $   .0023
               Fourth Quarter (1)          $    .012      $   .0024

----------
(1)  This represents the closing bid information for the stock on the Pink
     Sheets. The bid and ask quotations represent prices between dealers and do
     not include retail markup, markdown or commission. They do not represent
     actual transactions and have not been adjusted for stock dividends or
     splits.
(2)  This represents the closing price for the stock on the Pink Sheets.

     Our common stock is  considered  a "penny  stock." The  application  of the
"penny stock" rules to our common stock could limit the trading and liquidity of
the common  stock,  adversely  affect the market  price of our common  stock and
increase your transaction costs to sell those shares. The Commission has adopted
regulations  which  generally  define a "penny stock" to be any equity  security
that has a market price (as defined) of less than $5.00 per share or an exercise
price of less than $5.00 per share, subject to certain exceptions.

     Shareholders  should be aware that,  according to SEC Release No.  34-29093
dated April 17,  1991,  the market for penny stocks has suffered in recent years
from  patterns  of fraud and abuse.  Such  patterns  include  (1) control of the
market for the security by one or a few broker-dealers that are often related to
the promoter or issuer; (2) manipulation of prices through prearranged  matching
of purchases and sales and false and misleading press releases;  (3) boiler room
practices   involving   high-pressure   sales  tactics  and  unrealistic   price
projections  by  inexperienced  sales  persons;  (4) excessive  and  undisclosed
bid-ask  differential  and  markups  by  selling  broker  dealers;  and  (5) the
wholesale dumping of the same securities by promoters and  broker-dealers  after
prices  have been  manipulated  to a desired  level,  along  with the  resulting
inevitable  collapse of those prices and with consequent  investor  losses.  The
occurrence of these  patterns or practices  could increase the volatility of our
share price.

     Our  management is aware of the abuses that have occurred  historically  in
the penny stock market.

HOLDERS

     As of August 16, 2010, there were  approximately 125 shareholders of record
of the Company's Common Stock.

DIVIDENDS

     The Company has not declared any cash  dividends with respect to its common
stock or preferred stock during the last two fiscal years and does not intend to
declare dividends in the foreseeable future. There are no material  restrictions
limiting or that are likely to limit the  Company's  ability to pay dividends on
its outstanding securities.

RECENT ISSUANCE OF UNREGISTERED SECURITIES

     On August 17, 2007,  the Company  effected a 2:1 forward stock split of its
issued and outstanding shares of common stock. The share numbers below have been
adjusted for such stock split.  Since  October 20, 2006,  the Company has issued
the following  common stock without  registration  under the  Securities  Act of
1933:

     On February 7, 2007 the United States  Bankruptcy Court for the District of
Maine  entered an order  confirming  the  December 12, 2006  agreement  with the
Debtor whereby,  there were 40,000,000  (post forward stock split)  unrestricted
shares of the Company's Common Stock issued to creditors and plan participants.

     On  June  19,  2007,  the  Company  issued  24,196  common  shares  for the
acquisition of CyberSentry. This investment was assessed to have no value.

     On July 30, 2007,  the Company issued  2,055,710  shares of common stock to
unrelated parties for $10,000 in services.

                                       8
<PAGE>
     October 1, 2007,  the Company issued  4,325,000  shares of common stock for
$64,875  which was for  repayment of advisory  fees payable to a related  party,
Ludvik Nominees Pty Ltd., an entity controlled by Frank Kristan,  who at time of
issuance was the President of the Company.

     On October 3, 2007,  the Company issued  10,000,000  shares of common stock
for  $150,000  which was for  repayment  of advisory  fees  payable to a related
party, Ludvik Nominees Pty Ltd.

     On January 15, 2008, the Company issued  15,000,000  shares of common stock
for  $225,000  which was for  repayment  of advisory  fees  payable to a related
party, Ludvik Nominees Pty Ltd.

     June 27,  2008,  the Company  issued  3,069,269  shares of common stock for
$44,375  which was for  repayment of advisory  fees payable to a related  party,
Ludvik Nominees Pty Ltd.

     On  February 1, 2009,  the Company  issued  5,000,000  common  shares to an
unrelated party, for $50,000 in services.

     From May 31, 2010 through July 30, 2010 the Company sold 29,000,000  Common
Shares for $290,000.

     The Company did not utilize or engage a principal underwriter in connection
with any of the above securities  transactions.  The 40,000,000 shares issued on
February 7, 2007, were issued based on a court order issued by the United States
Bankruptcy  Court,  District of Maine,  Case No.  04-20328,  issued  pursuant to
Section  1145  of  the  Bankruptcy  Code,  and,   therefore,   did  not  require
registration under Section 5 of the Securities Act of 1933, as amended.

     Management  believes that, except for the 40,000,000 shares issued pursuant
to the  bankruptcy  preceding,  all of above  shares of common stock were issued
pursuant to the exemption from registration under Section 4(2) of the Securities
Act of 1933, as amended.

ITEM 6. SELECTED FINANCIAL DATA.

     Not applicable.

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATION.

CAUTIONARY FORWARD - LOOKING STATEMENT

     The following  discussion  should be read in conjunction with our financial
statements and related notes.

     Certain matters  discussed  herein may contain  forward-looking  statements
that are  subject  to risks and  uncertainties.  Such  risks  and  uncertainties
include, but are not limited to, the following:

     *    the volatile and competitive nature of our industry,
     *    the uncertainties surrounding the rapidly evolving markets in which we
          compete,
     *    the uncertainties surrounding technological change of the industry,
     *    our dependence on its intellectual property rights,
     *    the success of marketing efforts by third parties,
     *    the changing demands of customers and
     *    the arrangements with present and future customers and third parties.

     Should one or more of these risks or  uncertainties  materialize  or should
any of the underlying assumptions prove incorrect, actual results of current and
future  operations  may vary  materially  from those  anticipated.  See also the
disclosures under "Cautionary Statement" following the Table of Contents in this
Annual Report.

RESULTS OF OPERATIONS - AS OF DECEMBER 31, 2006 AND 2007

     There have been limited operations since inception until December 31, 2006.
The Company was formed pursuant to a court order in the United States Bankruptcy
Court, District of Maine in Case No. 04-20328. The Company had no operations and
had $-0- in cash and cash equivalents as of December 31, 2006 and 2007. In 2007,
the  Company  incurred  expenses  related to  professional  fees and  consulting
compensation to Ludvik  Nominees Pty.,  Ltd.  amounting to $11,297 and $372,600,
respectively.  In  addition,  the  Company  recorded  stock  based  compensation
amounting to approximately $25.5 million dollars as referred to in Note 6.

                                       9
<PAGE>
ITEM 8. FINANCIAL STATEMENTS.

     Our financial  statements and supplementary  data may be found beginning at
Page F-1.

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS.

     On  June  2,  2010,  the  Company  engaged  Sherb  & Co.  LLP as its  first
certifying  auditors.  Sherb & Co. is located at 805 Third Avenue, New York, New
York.

ITEM 9A. CONTROLS AND PROCEDURES.

(a) Evaluation of Disclosure Controls and Procedures.

     Our prior  management did not evaluate the  effectiveness of our disclosure
controls  and  procedures  controls and  procedures  (as such term is defined in
Rules  13a-15(e)  and  15d-15(e)  under the 1934 Act as of the end of the period
covered by this annual report.

(b) Changes in Internal Controls.

     Since the Company was  incorporated  in the fourth  quarter of 2006,  it is
unlikely that the Company had implemented  any internal  controls during 2007 or
that, if implemented, any changes were made to such controls.

ITEM 9B. OTHER INFORMATION.

     None.

                                    PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS OF THE
         REGISTRANT AND CORPORATE GOVERNANCE.

     The Company's directors and executive officers, and their ages as of August
16, 2010 are as follows:

   Name                   Period             Age          Position(s)
   ----                   ------             ---          -----------

Frank Kristan     10/20/2006 to 3/31/2010    51    Chairman of the Board of
                                                   Directors President and Chief
                                                   Executive Officer Secretary
                                                   and Treasurer.

Isaac H. Sutton   3/31/2010 to Present       56    Chairman of the Board of
                                                   Directors President and
                                                   Secretary.

Michael Haug      7/1/2010 to present        42    Chief Executive Officer.

                                       10
<PAGE>
MICHAEL F. HAUG, 42, CHIEF EXECUTIVE OFFICER

     As an  experienced  insurance  and  financial  representative  since  1993,
Michael  has worked  for well  known  companies  such as  Liberty  Mutual,  John
Hancock,  and AIG. He also formed his own insurance  agencies  called  Financial
Solutions in 1999 and Z-Group  International  in 2007.  In 2007  Michael  became
heavily involved in commercial  lighting,  working as consultant to Global Green
Works and later AEI lighting.  A graduate of The University of Baltimore in 1990
in Business  Administration,  Michael has always had a passion for businesses to
improve their Leadership in Energy & Environmental Design (LEED). His motivation
and  mission in life has been green  projects  and  energy  efficient  lighting.
Michael is proud to bring  lighting  education to the  forefront.  He has helped
municipalities,  private  enterprises,  and  schools  save  money and  energy by
increasing their awareness of energy efficient  lighting.  Michael also has been
affiliated  with many LEED programs to stay on top of the ever  changing  energy
environment.  This  diversification  has helped propel Michael to the top of the
financial and energy lighting work place.

ISAAC H. SUTTON, 56, PRESIDENT AND SOLE DIRECTOR

     Mr.  Sutton is a media-savvy  strategic  marketing  executive.  He combines
in-depth global  marketing  experience with practical  business  knowledge.  His
experience includes founding positions at Aprica Juvenile Products, Fusen Usagi,
Inc., Exus Networks, Inc., Starinvest Group, Inc., and, presently,  GoIP Global,
Inc. His career began at I.S. Sutton & Sons,  Inc., an importer of products from
the Far East. In 1978, he managed a major Ronald  McDonald import Doll Promotion
for one year  overseas at the age of 24.  Examples of his  innovative  marketing
work  and  vision  can be seen in the  companies  he  founded.  His  goal-driven
accomplishments   in  Uzbekistan  drew  upon  his   considerable   aptitudes  to
successfully  implement a World Bank  project  designed to assist the country in
increasing its GNP for cotton.  Media and  information has been Ike's vision and
goal during the past several  years.  Rooted in the belief that  technology  can
facilitate   supplying   knowledge   and   information   throughout   the  world
inexpensively,  GoIP was  founded.  Based on this  premise and the  licensing of
various worldwide technologies, GoIP will deliver information and education over
cell phones.  From 2001 through 2006, Ike was the CEO of Starinvest Group, Inc.,
a public  company  elected to be a "Business  Development  Company," one of less
than 50 in the United States.  Mr Sutton earned his Bachelor of Arts degree from
Pace University in New York.

FRANK KRISTAN, 51, FORMER PRESIDENT

     Mr. Kristan served as the Company's  President and Chief Executive  Officer
from  October  20,  2006,  until  March 31,  2010.  Mr.  Kristan is  currently a
part-time consultant to the Company in charge of new business  development.  Mr.
Kristan  is the  President  of  Ludvik  Nominees  Pty Ltd and was  formerly  the
President and CEO of Patriot  Advisors,  Inc. Patriot Advisors provided business
advisory services to investment funds,  corporations and individuals.  From 1994
to  2004,  Patriot  Advisors  managed  funds on  behalf  of  private  companies,
producing  an  internal  rate of return in excess of 25% per annum  during  that
period. At the time Mr. Kristan concluded his involvement with the funds,  total
assets  under  management  exceeded  $50  million.  Patriot  Advisors  had  also
performed on guarantees to deliver financing in excess of $ 50 million. Over the
ten year  period,  Patriot  Advisors  had  focused  its  business  advisory  and
management efforts primarily on companies in the technology,  telecommunications
and internet related industries.  Prior to forming Patriot Advisors, Mr. Kristan
was the Principal and CEO of Kristan  Associates,  a financial  consulting  firm
providing  business advisory services for the  telecommunications  and financial
services industries. Mr. Kristan began his career at Affiliated Computer Systems
where he provided  computer  and  operational  advisory  services to banking and
financial services institutions involved in merger and acquisition transactions.
Mr. Kristan earned his BS in Mathematics from University of Western Australia.

                                       11
<PAGE>
DIRECTORSHIPS

     No  Director  of the  Company  or  person  nominated  or chosen to become a
Director holds any other  directorship in any company with a class of securities
registered pursuant to Section 12 of the 1934 Act or subject to the requirements
of Section  15(d) of such Act or any other  company  registered as an investment
company under the Investment Company Act of 1940.

SIGNIFICANT EMPLOYEES

     No other significant employees exist.

EMPLOYMENT CONTRACTS

     On July 1, 2010,  the Company  entered  into an  employment  contract  with
Michael  Haug,  our  Chief  Executive  Officer,  for a one year term with a base
salary of $84,000 per year. In addition,  the Company agreed to issue  2,000,000
shares of common stock to Mr. Haug as a signing bonus and such shares at the end
of the term of the  agreement.  These  shares have not been issued to date.  Mr.
Haug will also be entitled to participate in the Company's health care and bonus
plans when  implemented  which will be  anticipated  no later than  December 31,
2010.

FAMILY RELATIONSHIPS

     There  are no  family  relationships  between  or among  our  officers  and
directors.

INVOLVEMENT IN CERTAIN LEGAL PROCEEDINGS

     During the past ten years, no present director, executive officer or person
nominated to become a director or an executive officer of the Company:

     (1)  was a general  partner or executive  officer of any  business  against
          which any  bankruptcy  petition  was filed,  either at the time of the
          bankruptcy or two years prior to that time;

     (2)  was  convicted in a criminal  proceeding or named subject to a pending
          criminal  proceeding  (excluding  traffic  violations  and other minor
          offenses);

     (3)  was  subject  to any  order,  judgment  or  decree,  not  subsequently
          reversed,   suspended   or   vacated,   of  any  court  of   competent
          jurisdiction,   permanently   or   temporarily   enjoining,   barring,
          suspending  or  otherwise  limiting  his  involvement  in any  type of
          business, securities or banking activities; or

     (4)  was found by a court of competent  jurisdiction  (in a civil  action),
          the  Securities  and  Exchange  Commission  or the  Commodity  Futures
          Trading  Commission to have violated a Federal or state  securities or
          commodities law, and the judgment has not been reversed,  suspended or
          vacated.

AUDIT COMMITTEE FINANCIAL EXPERT AND IDENTIFICATION OF AUDIT COMMITTEE

     The Company has no separately  designated standing audit committee or other
committee performing similar functions. The Board of Directors acts as the audit
committee.  None of the  directors  qualifies  as an Audit  Committee  Financial
Expert.

MATERIAL CHANGES TO THE METHOD BY WHICH THE SHAREHOLDERS MAY RECOMMEND  NOMINEES
TO THE BOARD OF DIRECTORS

     None.

                                       12
<PAGE>
SECTION 16(a) BENEFICIAL OWNERSHIP COMPLIANCE

     Section 16(a) of the Securities Exchange Act of 1934 requires the Company's
executive  officers,  directors and persons who own more than ten percent of the
Company's Common Stock, to file initial reports of beneficial  ownership on Form
3,  changes  in  beneficial  ownership  on  Form 4 and an  annual  statement  of
beneficial ownership on Form 5, with the SEC. Such executive officers, directors
and greater than ten percent  shareholders  are required by SEC rules to furnish
the Company  with  copies of all such forms that they have filed.  No one on the
Company's management team was delinquent on such filings in 2007.

CODE OF BUSINESS CONDUCT AND ETHICS

           The  Company  has  adopted  a Code of  Business  Conduct  and  Ethics
applicable to its officers, including its principal executive officer, principal
financial  officer,  principal  accounting  officer or controller  and any other
persons performing  similar functions.  The Code will be provided free of charge
by the Company to interested  parties upon request.  Requests  should be made in
writing and  directed  to the Company at the  following  address:  6801  Eastern
Avenue, Suite 203, Baltimore, Maryland 21224.

ITEM 11. EXECUTIVE COMPENSATION.

     The  following  table sets  forth the  aggregate  compensation  paid by the
Company to Frank  Kristan,  who was the only  officer or director of the Company
during the periods indicated:

                           SUMMARY COMPENSATION TABLE

<TABLE>
<CAPTION>
                                                                  Non-Equity
                                                                  Incentive    Nonqualified    All
Name and                                                            Plan        Deferred      Other
Principal                                   Stock       Option     Compen-       Compen-      Compen-
Position       Year   Salary     Bonus      Awards      Awards     sation        sation       sation       Totals
-----------    ----   ------     -----      ------      ------     ------        ------       ------       ------
<S>             <C>       <C>       <C>          <C>        <C>        <C>           <C>         <C>         <C>

Frank          2007    $ 0        $  0       $  0        $  0       $  0          $   0     $360,000(1)  $360,000(1)
Kristan,       2006    $ 0        $  0       $  0        $  0       $  0          $   0     $ 90,000(1)  $ 90,000(1)
President      2005    $ 0        $  0       $  0        $  0       $  0          $   0     $      0     $      0
and CEO
</TABLE>

----------
(1)  Represents  consulting  fees paid to Ludvik  Nominees Pty.  Ltd., a company
     owned and  controlled  by Mr.  Kristan.  In  addition,  the Company  issued
     14,325,000  shares to Ludvik  Nominees Pty. Ltd.  valued at  $14,468,251 in
     which  $214,875 was for  repayment  of advisory  fees and  $14,253,376  was
     recorded as stock based compensation.

STOCK OPTIONS AND WARRANTS

     There were no stock options or warrants outstanding on December 31, 2007.

OPTION/SAR GRANTS TABLE

     There were no stock  options/SARS  granted under the Company's stock option
plans to executive officers and directors during fiscal 2007.

AGGREGATE OPTION/SAR EXERCISES AND FISCAL YEAR-END OPTION/SAR VALUE TABLE

     There were no exercises of stock  options/SAR by executive  officers during
fiscal 2007.

                                       13
<PAGE>
LONG-TERM INCENTIVE PLAN AWARDS

     There were no long-term incentive plan awards made during fiscal 2007.

COMPENSATION OF DIRECTORS

     The  Company has no formal or standard  compensation  arrangement  with the
members of its Board of Directors or with committee members.

REPRICING OPTIONS

     During the fiscal year ended December 31, 2007, the Company did not reprice
any stock options.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
         RELATED STOCKHOLDER MATTERS.

     The following  tables set forth certain  information  regarding  beneficial
ownership  of the  Company's  capital  stock as of August  16,  2010 by (i) each
person who is known by the Company to beneficially own more than five percent of
any class of the Company's capital stock,  (ii) each of the Company's  directors
and executive  officers,  and (iii) all directors and executive  officers of the
Company as a group.

                 Name and Address of           Amount and Nature of    Percent
Title of Class    Beneficial Owner             Beneficial Ownership    of Class
--------------    ----------------             --------------------    --------

Common Stock   Isaac H. Sutton (1)                 50,723,310            46.8%
               Sutton Global Associates, Inc.
               475 Park Ave South 30th FL
               New York, New York 10016

Common Stock   Frank Kristan (2)                    8,538,490             7.9%
               Ludvik Nominees Pty., Ltd
               1220 N Market Street
               Wilmington, DE 19901

Common Stock   Michael Haug                                0              0.00%
               6801 Eastern Ave.
               Suite 203
               Baltimore, Maryland 21224

Common Stock   The Expanse Enterprises, LLC (3)   12,000,000             11.60%
               an Illinois limited liability
               company
               918 Knollwood
               Buffalo Grove, IL 60089

Common Stock   BuzzBahn LLC (4)                   12,000,000             11.60%
               6800 Jericho Turnpike
               Syosset, NY 11791

Common Stock   All Executive Officers and         50,723,310             46.80%
               Directors as a Group (1 person)

----------
(1)  Mr. Sutton has sole voting and dispositive power over these shares since he
     owns a majority of the common stock of Sutton Global Associates, Inc.
(2)  Mr. Kristan is the  controlling  member of Lud,vik  Nominees Pty., Ltd. and
     has sole voting and dispositive power over these shares.
(3)  Ryan Goulding has sole voting and dispositive power over these shares as he
     has a  controlling  interest  in The Expanse  Enterprises,  LLC an Illinois
     limited liability company.
(4)  David Miller has sole voting and dispositive  power over these shares as he
     is the managing member of BuzzBahn LLC.

                                       14
<PAGE>
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.

     Ludvik  Nominees,  Pty, Ltd. was the  exclusive  adviser to Company for the
period October 10, 2006 through March 31, 2010.  Ludvik Nominees Pty Ltd is 100%
owned by Frank Kristan, our former President and Chief Executive Officer. During
the period from  inception  to March 31, 2010 Ludvik  Nominees was an advisor to
the  Company,  fees were  charged  quarterly.  A total of  $2,017,417  including
interest was billed.  $484,250 was converted to 32,394,269 shares and $1,503,167
remains owing.

     Mr Isaac H.  Sutton the  Company's  President  and Sole  Director is also a
shareholder in SavWatt Industries,  LLC and a debtor of the Company. Mr Isaac H.
Sutton the Company's President and Sole Director is a beneficial owner in Sutton
Global  Associates,  Inc and GoIP Global, Inc both companies which have provided
short  term  loans to the  Company.  Mr Sutton  has  entered  into a  consulting
agreement at $60,000 per annum.

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

INDEPENDENT PUBLIC ACCOUNTANTS

     On June 2, 2010, the Company engaged Sherb & Co. LLP, 805 Third Avenue, New
York,  New York as its  certifying  auditors  to audit the  Company's  financial
statements for the fiscal year ended  December 31, 2007 and 2006.  Prior to such
engagement, the Company had not engaged a certifying audit firm.

      (1) Audit  Fees.  For the  fiscal  years  ended  December  31,  2007,  the
Company's  auditors charged us $2,500 for services rendered for the audit of our
annual financial statements.

     (2)  Audit-Related  Fees.  For the fiscal year ended December 31, 2007, our
auditors did not receive any fees for any  audit-related  services other than as
set forth in paragraph (1), above.

     (3) Tax Fees. Our auditors did not provide tax compliance,  tax advice,  or
tax planning advice for the fiscal year ended December 31, 2007.

     (4) All Other Fees. None.

     (5) Audit Committee's Pre-Approval Policies and Procedures. The Company had
no audit committee during the fiscal year ended December 31, 2007; hence,  there
were no pre-approval policies or procedures in effect during such fiscal year.

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES.

     See the  Exhibts  Index  below for a list of  exhibits  attached  hereto or
incorporated by reference pursuant to Item 601 of Regulation S-B

                                  EXHIBIT INDEX

     List of Exhibits attached or incorporated by reference pursuant to Item 601
of Regulation S-B

Exhibit                            Description
-------                            -----------
14*             Code of Business Conduct Ethics

21*             Subsidiaries of the Company

31.1**          Certification of Principal  Executive and Principal Officer
                Pursuant to 18 U.S.C. Section 1350

32.1**          906 Certification of Principal Executive and Financial Officer

----------
*    Incorporated  by  reference to the Form 10-K filed with the  Commission  on
     August 17, 2010
**   Filed herewith

                                       15
<PAGE>
                                   SIGNATURES

     In accordance  with Section 13 or 15(d) of the  Securities  Exchange Act of
1934,  the  Registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.

                                 SavWatt USA, Inc.


Dated: August 23, 2010                /s/ Isaac H. Sutton
                                      ------------------------------------------
                                 By:  Isaac H. Sutton
                                 Its: President and Chief Financial Officer

     In accordance  with the  Securities  Exchange Act of 1934,  this report has
been signed below by the following  persons on behalf of the  Registrant  and in
the capacities and on the dates indicated.


Dated: August 23, 2010                /s/  Isaac H. Sutton
                                      ------------------------------------------
                                 By:  Isaac H. Sutton
                                 Its: President, Chief Financial Officer
                                      and Director (Principal Executive Officer)
                                      (Principal Financial Officer and
                                      (Principal Accounting Officer)

                                       16
<PAGE>
             REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM



To the Board of Directors and  Stockholders  of SavWatt USA, Inc.  (f/k/a Ludvik
Capital, Inc.

(A Development Stage Company):

We have  audited the  accompanying  balance  sheets of SavWatt USA,  Inc.  f/k/a
Ludvik Capital,  Inc. (A Development  Stage Company) as of December 31, 2007 and
December 31,  2006,  and the related  statements  of  operations,  stockholders'
deficit, and cash flows for the years then ended. These financial statements are
the responsibility of the Company's management. Our responsibility is to express
an opinion on these financial statements based on our audit.

We conducted our audits in accordance  with the standards of the Public  Company
Accounting Oversight Board (United States). Those standards require that we plan
and  perform  the  audits to  obtain  reasonable  assurance  about  whether  the
financial  statements  are free of  material  misstatement.  The  Company is not
required  to have,  nor were we engaged  to  perform,  an audit of its  internal
controls over financial reporting. Our audits included consideration of internal
control over financial  reporting as a basis for designing audit procedures that
are appropriate in the  circumstances,  but not for the purpose of expressing an
opinion on the  effectiveness  of the Company's  internal control over financial
reporting. Accordingly, we express no such opinion. An audit includes examining,
on a  test  basis,  evidence  supporting  the  amounts  and  disclosures  in the
financial statements. An audit also includes assessing the accounting principles
used and  significant  estimates made by  management,  as well as evaluating the
overall  presentation  of the financial  statements.  We believe that our audits
provide a reasonable basis for our opinion.

In our opinion,  the financial  statements  referred to above present fairly, in
all material respects,  the financial position of SavWatt USA, Inc. f/k/a Ludvik
Capital,  Inc. at December 31, 2007 and 2006,  and the results of operations and
cash flows from  inception,  October 20, 2006  through  December  31,  2007,  in
conformity with accounting principles generally accepted in the United States of
America.

The  accompanying  financial  statements  have been  prepared  assuming that the
Company  will  continue  as a  going  concern.  As  discussed  in  Note 2 to the
financial   statements,   the  Company  has  incurred  significant  losses  from
operations.  These issues raise  substantial doubt about its ability to continue
as a going  concern.  Management's  plans in  regard to these  matters  are also
described in Note 2. These  financial  statements do not include any adjustments
that might result from the outcome of this uncertainty.


                                                    /s/ Sherb & Co., LLP
                                                    ----------------------------
                                                    Sherb & Co., LLP
                                                    Certified Public Accountants

New York, New York
August 10, 2010


                                      F-1
<PAGE>
                                SavWatt USA, Inc.
                           f/k/a Ludvik Capital, Inc.
                          (A Development Stage Company)
                                 BALANCE SHEETS
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                 December 31,           December 31,
                                                                    2007                   2006
                                                                ------------           ------------
<S>                                                             <C>                    <C>
ASSETS

CURRENT ASSETS
  Cash                                                          $         --           $         --
  Subscription receivable                                                 --                 20,000
                                                                ------------           ------------

      TOTAL ASSETS                                              $         --           $     20,000
                                                                ============           ============

LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES
  Accounts payable                                              $         --           $      6,114
  Shareholder loan payable                                           235,125                 90,000
  Accrued interest - shareholder                                      88,344                 10,800
                                                                ------------           ------------
      TOTAL LIABILITIES                                              323,469                106,914
                                                                ------------           ------------
STOCKHOLDERS' DEFICIT
  Common stock, $0.0001 par value, 100,000,000 shares
   authorized, 56,404,906 and 40,000,000 shares issued
   and outstanding, respectively                                       5,640                  4,000
  Additional paid-in capital                                      25,832,611                 16,000
  Accumulated deficit during development stage                   (26,161,720)              (106,914)
                                                                ------------           ------------
      TOTAL STOCKHOLDERS' DEFICIT                                   (323,469)               (86,914)
                                                                ------------           ------------

      TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT               $         --           $     20,000
                                                                ============           ============
</TABLE>


                                      F-2
<PAGE>
                                SavWatt USA, Inc.
                           f/k/a Ludvik Capital, Inc.
                          (A Development Stage Company)
                            STATEMENTS OF OPERATIONS
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                   From Inception
                                                     For The Year Ended           (October 20, 2006)
                                             --------------------------------          through
                                             December 31,        December 31,        December 31,
                                                2007                2006                2007
                                            ------------        ------------        ------------
<S>                                         <C>                 <C>                 <C>
REVENUES                                    $         --        $         --        $         --
                                            ------------        ------------        ------------
EXPENSES
  General and administrative                      11,297               6,114              17,411
  Professional fees                              372,600              90,000             462,600
  Stock based compensation                    25,593,375                  --          25,593,375
                                            ------------        ------------        ------------
      Total Expenses                          25,977,272              96,114          26,073,386
                                            ------------        ------------        ------------

LOSS FROM OPERATIONS                         (25,977,272)            (96,114)        (26,073,386)
                                            ------------        ------------        ------------
OTHER INCOME (EXPENSE)
  Interest income                                     10                  --                  10
  Interest expense                               (77,544)            (10,800)            (88,344)
                                            ------------        ------------        ------------

      Total Other Income (Expense)               (77,534)            (10,800)            (88,334)
                                            ------------        ------------        ------------

NET LOSS                                    $(26,054,806)       $   (106,914)       $(26,161,720)
                                            ============        ============        ============

NET LOSS PER SHARE, BASIC AND DILUTED       $     (0.586)       $     (0.003)
                                            ============        ============
WEIGHTED AVERAGE NUMBER OF COMMON SHARES
 OUTSTANDING, BASIC AND DILUTED               44,439,900          40,000,000
                                            ============        ============
</TABLE>


                                      F-3
<PAGE>
                                SavWatt USA, Inc.
                           f/k/a Ludvik Capital, Inc.
                          (A Development Stage Company)
                            STATEMENTS OF CASH FLOWS
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                              From Inception
                                                                For The Year Ended           (October 20, 2006)
                                                        --------------------------------          through
                                                        December 31,        December 31,        December 31,
                                                           2007                2006                2007
                                                       ------------        ------------        ------------
<S>                                                    <C>                 <C>                 <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss                                             $(26,054,806)       $   (106,914)       $(26,161,720)
  Adjustments to reconcile net loss to net
   cash used in operating activities:
     Stock issued upon merger                                    --                  --                  --
     Stock issued for services                               10,001                  --              10,001
     Stock based compensation                            25,593,375                  --          25,593,375
  Changes in operating assets and liabilities:
     Accounts payable                                        (6,114)              6,114                  --
     Shareholder loan payable                               360,000              90,000             450,000
     Accrued interest                                        77,544              10,800              88,344
                                                       ------------        ------------        ------------
          Net cash used in operating activities             (20,000)                 --             (20,000)
                                                       ------------        ------------        ------------
CASH FLOWS FROM FINANCING ACTIVITIES:
  Proceeds from issuance of common stock                     20,000                  --              20,000
                                                       ------------        ------------        ------------
          Net cash provided by financing activities          20,000                  --              20,000
                                                       ------------        ------------        ------------

NET DECREASE IN CASH                                             --                  --                  --

CASH, BEGINNING OF PERIOD                                        --                  --                  --
                                                       ------------        ------------        ------------

CASH, END OF PERIOD                                    $         --        $         --        $         --
                                                       ============        ============        ============

SUPPLEMENTAL CASH FLOW INFORMATION:
  Interest paid                                        $         --        $         --        $         --
                                                       ============        ============        ============
  Income taxes paid                                    $         --        $         --        $         --
                                                       ============        ============        ============
  Stock issued for repayment of shareholder loan       $    214,875        $         --        $         --
                                                       ============        ============        ============
  Subscription receivable                              $         --        $     20,000        $     20,000
                                                       ============        ============        ============
</TABLE>


                                      F-4
<PAGE>
                                SavWatt USA, Inc.
                           f/k/a Ludvik Capital, Inc.
                          (A Development Stage Company)
                       STATEMENT OF STOCKHOLDERS' DEFICIT
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                                 Deficit
                                                                                               Accumulated
                                                          Common Stock         Additional        During            Total
                                                     ---------------------      Paid-in        Development     Stockholders'
                                                     Shares           $         Capital           Stage           Deficit
                                                     ------         ----        -------           -----           -------
<S>                                                  <C>            <C>         <C>             <C>           <C>
Balance, October 20, 2006 (Inception)                      --    $       --    $        --    $         --     $         --

Stock issued upon merger in accordance with
 Bankruptcy Court order ($.0005 per share)         40,000,000         4,000         16,000              --           20,000

Net loss for the year ended December 31, 2006              --            --             --        (106,914)        (106,914)
                                                   ----------    ----------    -----------    ------------     ------------

Balance, December 31, 2006                         40,000,000    $    4,000    $    16,000    $   (106,914)    $    (86,914)



Stock issued in connection with acquisition            24,196             2             (2)             --               --

Stock issued for services ($5.52 per share)         2,055,710           205     11,349,795              --       11,350,000

Stock issued to retire debt - Shareholder loans
 ($1.01 per share)                                 14,325,000         1,433     14,466,818              --       14,468,251

Net loss for the year ended December 31, 2007              --            --             --     (26,054,806)     (26,054,806)
                                                   ----------    ----------    -----------    ------------     ------------

Balance, December 31, 2007                         56,404,906    $    5,640    $25,832,611    $(26,161,720)    $   (323,469)
                                                   ==========    ==========    ===========    ============     ============
</TABLE>


                                      F-5
<PAGE>
                                SavWatt USA, Inc.
                           f/k/a Ludvik Capital, Inc.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
           From Inception, October 20, 2006 through December 31, 2007


NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION

Ludvik Capital, Inc. (hereinafter "the Company") was incorporated on October 20,
2006  under the laws of the State of  Delaware  for the  purpose  of  becoming a
successor  corporation  by  merger  with  Patriot  Advisors,  Inc.  and  Templar
Corporation,  pursuant to a plan of  reorganization  and merger  approved by the
United States Bankruptcy  Court,  District of Maine in Case No. 04-20328 whereby
Ludvik Capital, Inc is the continuing entity.

The  Company's  business  plan  consisted  of  investing  in public and  private
companies, providing long term equity and debt investment capital to fund growth
and acquisitions and recapitalizations of small and middle market companies in a
variety of industries primarily located in the United States.

Since inception, the Company has had minimal operations and no revenues earned.

On April 5, 2010, the Company amended its articles of incorporation  and changed
its name to SavWatt USA, Inc.

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 Unilumin (www.unilumin.com).

The Company is a development stage enterprise.

The Company's year end is December 31.

The Company's corporate headquarters were originally located in Virginia but are
currently located in Baltimore, MD.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

This  summary of  significant  accounting  policies  is  presented  to assist in
understanding the accompanying  financial  statements.  The financial statements
and notes are representations of the Company's management,  which is responsible
for their  integrity  and  objectivity.  These  accounting  policies  conform to
accounting  principles  generally  accepted in the United  States of America and
have been consistently applied in the preparation of the financial statements.

Accounting Method
The  Company's  financial  statements  are prepared  using the accrual  basis of
accounting in accordance with accounting  principles  generally  accepted in the
United States of America.

                                      F-6
<PAGE>
                                SavWatt USA, Inc.
                           f/k/a Ludvik Capital, Inc.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
           From Inception, October 20, 2006 through December 31, 2007


NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Development Stage Activities
The Company has been in the  development  stage since its  formation and has not
realized any revenue from operations.  The Company is a shell  corporation which
is  currently  engaged in starting up the  business of offering LED lighting for
consumers

Going Concern
The  accompanying  financial  statements  have been  prepared  assuming that the
Company  will  continue  as a  going  concern.  As  reflected  in the  financial
statements,  the Company  incurred net losses of $26,161,720 for the period from
inception,  October 20, 2006 through December 31, 2007. In addition, the Company
had an  accumulated  deficit of  $26,161,720  at December  31,  2007.  Since its
inception,  the Company has not  generated  any  revenues  and has minimal  cash
resources.

These  circumstances  raise  substantial  doubt about the  Company's  ability to
continue  as a going  concern.  The  consolidated  financial  statements  do not
include any adjustments that might result from the outcome of this  uncertainty.
Management's   efforts  have  been   directed   towards  the   development   and
implementation  of a plan to  generate  sufficient  revenues to cover all of its
present and future costs and expenses.

Management is taking steps to address this situation. The Company has determined
that it cannot continue with its business operations as outlined in its original
business plan because of a lack of financial  resources;  therefore,  management
has redirected their focus towards  identifying and pursuing  options  regarding
the  development  of a new business plan and direction.  The Company  intends to
explore  various  business  opportunities  that have the  potential  to generate
positive revenue,  profits and cash flow in order to financially accommodate the
costs of being a publicly held company. The Company is in the process of raising
capita by implementing its business plan in Led lighting and expects to generate
sufficient  revenue  by the fourth  quarter  of 2010 with a positive  cash flow.
Until then, the Company the Company will not have the required capital resources
or credit lines available that are sufficient to fund operations.

The Company has minimal  operating costs and expenses at the present time due to
its limited business activities. The Company, however, will be required to raise
additional   capital   over  the  next   twelve   months  to  meet  its  current
administrative  expenses, and it may do so in connection with or in anticipation
of  possible  acquisition  transactions.  This  financing  may  take the form of
additional sales of its equity securities and/or loans from its directors. There
is no assurance that additional financing will be available,  if required, or on
terms favorable to the Company.

The  financial  statements  do  not  include  any  adjustments  relating  to the
recoverability  and  classification  of  recorded  assets,  or the  amounts  and
classification  of liabilities  that might be necessary in the event the Company
cannot continue in existence.

The  accompanying  financial  statements have been prepared,  in accordance with
accounting  principles generally accepted in the United States ("U.S. GAAP") and
pursuant to the rules and regulations of the Securities and Exchange  Commission
(the "SEC").

                                      F-7
<PAGE>
                                SavWatt USA, Inc.
                           f/k/a Ludvik Capital, Inc.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
           From Inception, October 20, 2006 through December 31, 2007


NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Cash and Cash Equivalents
For  purposes  of the  statement  of  cash  flows,  the  Company  considers  all
short-term  debt with  original  maturities  of three  months or less to be cash
equivalents.

Fair Value of Financial Instruments
The Company's financial instruments may include cash,  subscription  receivable,
loans  payable and related  accrued  interest,  and accounts  payable.  All such
instruments  are accounted  for on a historical  cost basis,  which,  due to the
short  maturity  of these  financial  instruments,  approximates  fair  value at
December 31, 2006 and 2007, respectively.

Revenue Recognition
Revenue is recognized when all of the following criteria are met: (1) persuasive
evidence that an arrangement  exists; (2) delivery has occurred or services have
been rendered;  (3) the seller's  price to the buyer is fixed and  determinable;
and, (4)  collectability is reasonably  assured.  The Company has not earned any
revenue since inception.

Use of Estimates
The process of preparing  financial  statements  in conformity  with  accounting
principles  generally  accepted in the United States of America requires the use
of estimates and  assumptions  regarding  certain types of assets,  liabilities,
revenues,   and  expenses.   Such  estimates   primarily   relate  to  unsettled
transactions and events as of the date of the financial statements. Accordingly,
upon settlement, actual results may differ from estimated amounts.

Provision for Taxes
Income taxes are provided based upon the liability  method of accounting.  Under
this  approach,   deferred   income  taxes  are  recorded  to  reflect  the  tax
consequences in future years of differences  between the tax basis of assets and
liabilities and their financial reporting amounts at each year-end.  A valuation
allowance  is recorded  against the deferred  tax asset if  management  does not
believe  the  Company  has met the  "more  likely  than not"  standard  to allow
recognition of such an asset.

Basic and Diluted Earnings (Loss) Per Share
Basic  earnings per share is  calculated  on the  weighted  effect of all common
shares  issued  and  outstanding,  and is  calculated  by  dividing  net  income
available to common  stockholders  by the weighted  average  shares  outstanding
during the period.  Diluted earnings per share,  which is calculated by dividing
net income  available to common  stockholders by the weighted  average number of
common shares used in the basic earnings per share calculation,  plus the number
of common shares that would be issued  assuming  conversion  of all  potentially
dilutive  securities   outstanding,   is  not  presented  separately  as  it  is
anti-dilutive.

The average number of common shares  outstanding for the year ended December 31,
2007 and 2006 has been  retroactively  adjusted for the 2:1 forward  stock split
effective August 17, 2007.

Stock Based  Compensation  - The Company  accounts for stock based  compensation
transactions  with  employees  under  the  provisions  of  ASC  Topic  No.  718,
"Compensation, Stock Compensation" ("Topic No. 718"). Topic No. 718 requires the

                                      F-8
<PAGE>
                                SavWatt USA, Inc.
                           f/k/a Ludvik Capital, Inc.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
           From Inception, October 20, 2006 through December 31, 2007


NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

recognition of the fair value of equity-based  compensation  in net income.  The
fair  value  of  the  Company's   equity   instruments  are  estimated  using  a
Black-Scholes  option valuation  model.  This model requires the input of highly
subjective  assumptions and elections  including expected stock price volatility
and  the  estimated  life  of  each  award.  In  addition,  the  calculation  of
equity-based compensation costs requires that the Company estimate the number of
awards  that will be  forfeited  during the  vesting  period.  The fair value of
equity-based awards granted to employees is amortized over the vesting period of
the award and the  Company  elected to use the  straight-line  method for awards
granted after the adoption of Topic No. 718.

The Company accounts for equity based transactions with non-employees  under the
provisions of ASC Topic No.  505-50,  "Equity-Based  Payments to  Non-Employees"
("Topic No. 505-50").  Topic No. 505-50  establishes that  equity-based  payment
transactions  with  non-employees  shall be  measured  at the fair  value of the
consideration received or the fair value of the equity instruments issued, which
ever is more  reliably  measurable.  When the equity  instrument is utilized for
measurement  the fair  value of the equity  instrument  is  estimated  using the
Black-Scholes  option  valuation  model. In general,  the Company  recognizes an
asset or expense in the same  manner as if it was to receive  cash for the goods
or services instead of paying with or using the equity instrument.

Forward stock split
All  references  to the Company's  outstanding  shares,  and options,  have been
adjusted to give effect to the 2 for 1 forward stock split effective  August 17,
2007.

Recently Issued  Accounting  Pronouncements  Affecting the Company The Financial
Accounting  Standards Board's ("FASB") Accounting  Standards  Codification (ASC)
became effective on July 1, 2009. At that date, the ASC became FASB's officially
recognized source of authoritative U.S. generally accepted accounting principles
("GAAP")  applicable  to all public and  non-public  non-governmental  entities,
superseding  existing FASB,  American  Institute of Certified Public Accountants
("AICPA"), Emerging Issues Task Force ("EITF") and related literature. Rules and
interpretive  releases of the SEC under the authority of federal securities laws
are also sources of authoritative GAAP for SEC registrants. All other accounting
literature  is considered  non-authoritative.  The switch to the ASC affects the
way  companies  refer  to  U.S.  GAAP in  financial  statements  and  accounting
policies.  Citing particular  content in the ASC involves  specifying the unique
numeric path to the content through the Topic,  Subtopic,  Section and Paragraph
structure.

In  February  2010,  the FASB  issued  Accounting  Standards  Update  (ASU)  No.
2010-08--Technical  Corrections to Various Topics.  This update's  purpose is to
eliminate GAAP inconsistencies,  update outdated provisions,  and provide needed
clarifications.  The adoption of ASU No. 2010-08 will not have a material impact
on the Company's financial statements.

Management  does  not  believe  that  any  other  recently  issued,  but not yet
effective,  accounting  standards,  if currently adopted,  could have a material
effect on the accompanying financial statements.

NOTE 3 - FAIR VALUE MEASUREMENTS

The Company adopted FASB ASC 820-Fair Value  Measurements and  Disclosures,  for
assets and  liabilities  measured  at fair value on a recurring  basis.  ASC 820
establishes  a common  definition  for  fair  value to be  applied  to  existing
generally  accepted  accounting  principles  that  require the use of fair value

                                      F-9
<PAGE>
                                SavWatt USA, Inc.
                           f/k/a Ludvik Capital, Inc.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
           From Inception, October 20, 2006 through December 31, 2007


NOTE 3 - FAIR VALUE MEASUREMENTS  (continued)

measurements  establishes  a  framework  for  measuring  fair value and  expands
disclosure about such fair value  measurements.  The adoption of ASC 820 did not
have an impact on the Company's financial position or operating results, but did
expand certain disclosures.

ASC 820 defines  fair value as the price that would be received to sell an asset
or paid to  transfer  a  liability  in an  orderly  transaction  between  market
participants at the measurement date. Additionally,  ASC 820 requires the use of
valuation techniques that maximize the use of observable inputs and minimize the
use of unobservable inputs. These inputs are prioritized below:

     Level 1:  Observable  inputs  such as quoted  market  prices in active
               markets  for  identical  assets or liabilities

     Level 2:  Observable market-based inputs or unobservable inputs that are
               corroborated by market data

     Level 3:  Unobservable  inputs  for which  there is little or no market
               data,  which  require  the use of the reporting  entity's  own
               assumptions.

The Company  did not have any Level 1, Level 2 or Level 3 assets or  liabilities
as of December 31, 2006 and 2007, respectively.

The Company  discloses the estimated  fair values for all financial  instruments
for which it is practicable to estimate fair value. As of December 31, 2006, the
fair value short-term financial instruments including subscriptions  receivable,
loans payable,  accounts payable and accrued  expenses,  approximates book value
due to their short-term duration.

In addition, the Financial Accounting Standards Board ("FASB") issued, "The Fair
Value Option for  Financial  Assets and  Financial  Liabilities,"  effective for
January  1,  2008.  This  guidance  expands  opportunities  to  use  fair  value
measurements  in financial  reporting and permits  entities to choose to measure
many financial  instruments  and certain other items at fair value.  The Company
did  not  elect  the  fair  value  option  for any of its  qualifying  financial
instruments

NOTE 4 - INCOME TAXES

At December  31, 2007 and December 31, 2006 the Company had a deferred tax asset
of  approximately  $130,000 and $41,000,  respectively  calculated at a combined
federal and state  expected  rate of 38%. As  management  of the Company  cannot
determine  that it is more  likely than not that the  Company  will  realize the
benefit of the net deferred tax asset,  a valuation  allowance  equal to the net
deferred tax asset has been recorded.

The  significant  components of the deferred tax assets at December 31, 2007 and
December 31, 2006 are as follows:

                                               December 31,   December 31,
                                                  2007           2006
                                               ----------     ----------
Deferred tax asset-net operating losses        $   41,000     $    7,000
Accrued compensation                               89,000         34,000
Deferred tax asset valuation allowance           (130,000)       (41,000)
                                               ----------     ----------

Net deferred tax asset                         $       --     $       --
                                               ==========     ==========


                                      F-10
<PAGE>
                                SavWatt USA, Inc.
                           f/k/a Ludvik Capital, Inc.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
           From Inception, October 20, 2006 through December 31, 2007


NOTE 4 - INCOME TAXES (continued)

The  reconciliation  between the statutory federal income tax rate of 35% to the
actual rate is as follows:

                                                December 31,     December 31,
                                                   2007             2006
                                               ------------     ------------
Expected Federal tax  (benefit)                $ (8,858,000)    $    (36,000)
Expected State tax (benefit), net of federal     (1,042,000)          (4,000)
Permanent differences                             9,810,000               --
Change in valuation allowance                        90,000           40,000
                                               ------------     ------------

Effective tax rate                             $         --     $         --
                                               ============     ============

At December 31, 2007 and December 31, 2006, the Company had a net operating loss
carry  forward of $108,000 and $17,000,  respectively,  which expire in the year
2027 and 2026, respectively.

NOTE 5 - RELATED PARTY DEBT AND TRANSACTIONS

On December  14th 2006,  the Company  entered  into an Advisory  Agreement  with
Ludvik  Nominees Pty Ltd (a Company 100% owned by Frank Kristan) for services to
be rendered  which were payable based on 3% assets under  management  and 20% of
net profits of Ludvik Capital.  The term of the agreement was  approximately  11
years, maturing on December 31, 2017.

Frank  Kristan  served as President and Chief  Executive  Officer of the Company
from  inception,  October  20,  2006  through  March  31,  2010  and is also the
President of Ludvik Nominees Pty Ltd.

On March 31, 2010 the original 2006  agreement was  terminated  and a settlement
agreement was created to resolve any outstanding obligations with respect to the
2006 agreement.  In accordance with the settlement agreement both parties agreed
that since  advisory fees under the December 14th 2006  Agreement  were based on
the assets under management that had no value, the Advisor had the option to get
paid a fee of  $30,000  per month  starting  October  2006  including  interest.
Furthermore,  the remaining  principal balance plus accrued interest as of March
31,  2010  was  rolled  over  into  a  Secured  Convertible  Note  amounting  to
$1,503,167.

From the period from inception,  October 20, 2006 through the termination of the
original  agreement,  March 31, 2010, the Company issued its advisors 32,394,269
shares of common  stock as  payment  for  services  amounting  to  $484,250  (as
described in detail in Note 6.

The parties agreed that following  components made up the balance of the Secured
Convertible Note as of March 31, 2010:

             Advisory Fees                             $ 1,290,000
             Accrued Interest                              727,417
             Payment for shares issued                    (484,250)
                                                       -----------
             Amount payable at March 31, 2010          $ 1,503,167
                                                       ===========

                                      F-11
<PAGE>
                                SavWatt USA, Inc.
                           f/k/a Ludvik Capital, Inc.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
           From Inception, October 20, 2006 through December 31, 2007


NOTE 5 - RELATED PARTY DEBT AND TRANSACTIONS (continued)

This note is  payable  on June 30,  2010 and bears an  interest  rate of 12% per
annum  payable  at the end of the term.  The  outstanding  balance  and  accrued
interest,  all or in part, is  convertible  at the option of the holder into the
Company's common stock at a conversion  price of 50% of the stock price,  with a
minimum of $.01 per share.

The Company has recorded an accrual for advisory fees  amounting to $235,125 and
$90,000 and an interest  accrual  amounting to $88,344 and $10,800 for the years
ended December 31, 2007 and 2006, respectively.

NOTE 6 - EQUITY TRANSACTIONS

On October  20,  2006,  Ludvik  Capital,  Inc.  was  formed to be the  successor
corporation by merger of Patriot Advisors, Inc. and Templar Corporation.

The  Company is  authorized  to issue  100,000,000  shares of $0.0001  par value
common  stock.  As of December  31, 2006 the  Company had  40,000,000  shares of
common stock issued and outstanding.

Pursuant to a court order in the US  bankruptcy  court and  December  12th Stock
Purchase  Agreement  between the Company and Ludvik  Nominees  Pty Ltd,  Patriot
Advisors,  Inc. and Templar  Corporation  merged with the Ludvik  Capital,  Inc,
whereby the surviving corporation became the registrant, Ludvik Capital, Inc.

Ludvik Nominees Pty Ltd was issued 40,000,000 shares (post forward stock split),
of which  approximately  18 million shares of Ludvik common stock were issued to
old  creditors  of  Patriot  Advisors  and  Templar  Corp as  payment  for  past
outstanding  services and approximately 22 million shares of Ludvik common stock
were held by Ludvik Nominees Pty Ltd. for the initial capital of $20,000.

On February 7, 2007 the United States Bankruptcy Court for the District of Maine
entered an order  confirming  the  December 12, 2006  agreement  with the Debtor
whereby,  there were 40,000,000 (post forward stock split)  unrestricted shares
of the  Company's  Common Stock issued to creditors  and plan  participants.

On June 19, 2007, the Company issued 24,196 common shares for the acquisition of
CyberSentry. This investment was assessed to have no value.

On July 30,  2007,  the  Company  issued  2,055,710  shares of  common  stock to
unrelated  parties,  valued at $5.52 per share for  $10,000 in  services  and an
additional  11,340,000 was recorded as stock based compensation in the Company's
statement of operations.

On August 17, 2007, the Company effected a 2:1 forward stock-split of its issued
and outstanding common stock. The issued and outstanding share capital increased
from 21,042,098 shares of common stock to 42,084,196 shares of common stock. All
per share  amounts  have been  retroactively  restated  to reflect  the  forward
stock-split.

On October 1, 2007, the Company issued 4,325,000 shares of common stock at $1.01
per share,  totaling $4,368,250,  in which $64,875 was for repayment of advisory
fees payable to a related  party,  Ludvik  Nominees Pty Ltd, and  $4,303,375 was
recorded as stock based compensation in the statement of operations.


                                      F-12
<PAGE>
                                SavWatt USA, Inc.
                           f/k/a Ludvik Capital, Inc.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
           From Inception, October 20, 2006 through December 31, 2007


NOTE 6 - EQUITY TRANSACTIONS (continued)

On October 3, 2007,  the Company  issued  10,000,000  shares of common  stock at
$1.01 per share,  totaling  $10,100,000  in which  $150,000 was for repayment of
advisory  fees  payable  to a  related  party,  Ludvik  Nominees  Pty  Ltd,  and
$9,950,000  was  recorded  as  stock  based  compensation  in the  statement  of
operations.

As of December  31,  2007,  the Company had  56,404,906  shares of common  stock
issued and outstanding.

NOTE 7 - SUBSEQUENT EVENTS

The Company has evaluated  subsequent  events from the balance sheet date, as of
December  31,  2007  through  August  23,  2010,  the date  which the  financial
statements were available to be issued.

On January 15, 2008,  the Company  issued  15,000,000  shares of common stock at
$.52 per share,  totaling  $7,800,000  in which  $225,000  was for  repayment of
advisory  fees  payable  to a  related  party,  Ludvik  Nominees  Pty  Ltd,  and
$7,575,000  was  recorded  as  stock  based  compensation  in the  statement  of
operations.

On June 27, 2008,  the Company issued  3,069,269  shares of common stock at $.40
per share,  totaling  $1,227,708  in which $44,375 was for repayment of advisory
fees payable to a related  party,  Ludvik  Nominees Pty Ltd, and  $1,181,669 was
recorded as stock based compensation in the statement of operations.

On February 1, 2009, the Company issued  5,000,000 common shares to an unrelated
party,  valued at $.80 per share  for  $50,000  in  services  and an  additional
350,001 was recorded as stock based  compensation in the Company's  statement of
operations.

On March 31,  2010,  Frank  Kristan  resigned as  President  and Director of the
Company. At that time, Isaac H. Sutton was elected to the Board of Directors and
currently serves as the Company's new President and sole director.

On March 31, 2010,  the Company  terminated  the advisory  agreement with Ludvik
Nominees Pty Ltd. The remaining  principal  balance plus accrued interest due to
the  Company's  shareholders  and  advisors as of March 31, 2010 was rolled over
into a Secured Convertible Note amounting to $1,503,167.

On April 5, 2010, the Company amended its Articles of Incorporation changing the
name of the Company to SavWatt USA, Inc and increasing  the  authorized  capital
stock to  2,000,000,000  shares  of  Common  Stock  and  200,000,000  shares  of
Preferred Stock, par value $.0001 per share.

From the period,  April 1, 2010 - July 31, 2010,  the Company has funded SavWatt
Industries,  LLC, a related party $199,300 which is payable and due upon demand.
Isaac H Sutton,  The  Company's  President and Sole Director from March 31, 2010
until the present, is a 50% shareholder in SavWatt Industries, LLC.

During the Period of April 1, 2010 - July 31,  2010 the Company  received  short
term funding from GoIP Global, Inc and Sutton Global Associates, Inc., which are
also related  parties.  These  companies  are  controlled by Isaac H. Sutton the
Company's  President  and Sole  Director.  As of July 31, 2010 the Company  owes
these two companies $83,500.

                                      F-13
<PAGE>
                                SavWatt USA, Inc.
                           f/k/a Ludvik Capital, Inc.
                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
           From Inception, October 20, 2006 through December 31, 2007


NOTE 7 - SUBSEQUENT EVENTS (continued)

From May 31,  2010  through  July 30, 2010 the Company  sold  29,000,000  Common
Shares for $290,000.

As of June 30, 2010 accrued  interest  pertaining  to the related  party secured
convertible note payable amounted to  approximately  $45,000.  As of the date of
the filing of this report, the Company has yet to make any payments against this
debt and therefore, is currently in default.

On July 1, 2010, the Company  entered into an employment  agreement with Michael
Haug, as the Company's CEO,  which  responsibilities  include  running the daily
operations of SavWatt USA,  Inc. The term of the agreement is for one year,  and
may be renewed upon mutual agreement by the Company and the employee.


                                      F-14