UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 10-Q

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

                For the quarterly period ended September 30, 2008
                                       or

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

               FOR THE TRANSITION FROM ____________ TO ___________

                        Commission File Number: 000-53807


                                SavWatt USA 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, MD                                            21224
(Address of principal executive offices)                         (Zip code)

                                 (866) 641-3507
                        (Registrant's telephone number)

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

Indicate by check mark whether the registrant has submitted electronically and
posted on its Website, if any, every Interactive Data File required to be
submitted and posted pursuant to Rule 405 of Regulation S-T (Sec.232.405 of this
chapter) during the preceding 12 months (or for such shorter period that the
registrant was required to submit and post such files). Yes [ ] No [ ]

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
the 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 Exchange Act). Yes [X] No [ ]

          APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
                         DURING THE PRECEDING FIVE YEARS

Indicate by check mark whether the  registrant  filed all  documents and reports
required  to be filed by Section 12, 13 or 15(d) of the  Exchange  Act after the
distribution of securities under a plan confirmed by a court. Yes [ ] No [ ]

                      APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: As of August 24, 2010 there were
108,475,175 outstanding shares of the Registrant's Common Stock, $0.0001 par
value.
<PAGE>
                                      INDEX

                                                                            PAGE
                                                                            ----
PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements................................................ 3

Balance Sheets as of September 30, 2008 (Unaudited) and December 31, 2007
 (Audited)................................................................... 3

Statements of Operations for the Three and Nine months ended
 September 30, 2008 and 2007, and for the Period from October 20, 2006
 (Inception) to September 30, 2008 (Unaudited)............................... 4

Statements of Cash Flows for the Three and Nine Months Ended
 September 30, 2008 and 2007 and for the Period from October 20, 2006
 (Inception) to September 30, 2008 (Unaudited)............................... 5

Notes to Financial Statements as of September 30, 2008 (Unaudited)........... 6

Item 2. Management's Discussion and Analysis of Financial Condition and
        Results of Operations............................................... 14

Item 3. Quantitative and Qualitative Disclosures about Market Risk.......... 17

Item 4. Controls and Procedures............................................. 17

PART II - OTHER INFORMATION

Item 1. Legal Proceedings................................................... 19

Item 1A. Risk Factors....................................................... 19

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds........ 19

Item 3.  Defaults Upon Senior Securities.................................... 19

Item 4.  Submission of Matters to a Vote of Security Holders................ 19

Item 5.  Other Information.................................................. 19

Item 6.  Exhibits........................................................... 19

SIGNATURES.................................................................. 20

                                       2
<PAGE>
                         PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

                                SavWatt USA, Inc.
                           f/k/a Ludvik Capital, Inc.
                          (A Development Stage Company)
                                 BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                September 30,          December 31,
                                                                    2008                   2007
                                                                ------------           ------------
                                                                (Unaudited)             (Audited)
<S>                                                             <C>                    <C>
ASSETS

      TOTAL ASSETS                                              $         --           $         --
                                                                ============           ============

LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES
  Shareholder loan payable                                      $    235,750           $    235,125
  Accrued interest - shareholder                                     205,570                 88,344
                                                                ------------           ------------
      TOTAL LIABILITIES                                              441,320                323,469
                                                                ------------           ------------
STOCKHOLDERS' DEFICIT
  Common stock, $0.0001 par value, 100,000,000 shares
   authorized, 74,474,175 and 56,404,906 shares issued
   and outstanding, respectively                                       7,447                  5,640
  Additional paid-in capital                                      34,856,847             25,832,611
  Accumulated deficit during development stage                   (35,305,614)           (26,161,720)
                                                                ------------           ------------
      TOTAL STOCKHOLDERS' DEFICIT                                   (441,320)              (323,469)
                                                                ------------           ------------

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


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

<TABLE>
<CAPTION>

                                                                                                           From Inception
                                                Three Months Ended               Nine months ended       (October 20, 2006)
                                          -----------------------------    -----------------------------      through
                                          September 30,   September 30,    September 30,   September 30,    September 30,
                                              2008            2007             2008            2007             2008
                                          ------------    ------------     ------------    ------------     ------------
                                           (Unaudited)     (Unaudited)      (Unaudited)     (Unaudited)      (Unaudited)
<S>                                       <C>             <C>              <C>             <C>              <C>
REVENUES                                  $         --    $         --     $         --    $         --     $         --
                                          ------------    ------------     ------------    ------------     ------------
EXPENSES
  General and administrative                        --              --               --          11,296           17,411
  Professional fees                             90,000         100,000          270,000         282,600          732,600
  Stock based compensation                          --      11,340,000        8,756,668      11,340,000       34,350,043
                                          ------------    ------------     ------------    ------------     ------------
      Total Expenses                            90,000      11,440,000        9,026,668      11,633,896       35,100,054
                                          ------------    ------------     ------------    ------------     ------------

LOSS FROM OPERATIONS                           (90,000)    (11,440,000)      (9,026,668)    (11,633,896)     (35,100,054)
                                          ------------    ------------     ------------    ------------     ------------
OTHER INCOME (EXPENSE)
  Interest income                                   --              --               --              10               10
  Interest expense                             (39,075)        (19,386)        (117,226)        (58,158)        (205,570)
                                          ------------    ------------     ------------    ------------     ------------
      Total Other Income (Expense)             (39,075)        (19,386)        (117,226)        (58,148)        (205,560)
                                          ------------    ------------     ------------    ------------     ------------

NET LOSS                                  $   (129,075)   $(11,459,386)    $ (9,143,894)   $(11,692,044)    $(35,305,614)
                                          ============    ============     ============    ============     ============

NET LOSS PER SHARE, BASIC AND DILUTED     $     (0.002)   $     (0.277)    $     (0.128)   $     (0.289)
                                          ============    ============     ============    ============
WEIGHTED AVERAGE NUMBER OF COMMON
 SHARES OUTSTANDING, BASIC AND DILUTED      74,474,175      41,424,087       71,713,847      40,486,832
                                          ============    ============     ============    ============
</TABLE>


                                       4
<PAGE>
                                SavWatt USA, Inc.
                           f/k/a Ludvik Capital, Inc.
                          (A Development Stage Company)
                            STATEMENTS OF CASH FLOWS

<TABLE>
<CAPTION>
                                                                                                    From Inception
                                                                   Nine Months Ended              (October 20, 2006)
                                                         ------------------------------------          through
                                                         September 30,          September 30,        September 30,
                                                             2008                   2007                 2008
                                                         ------------           ------------         ------------
                                                          (Unaudited)            (Unaudited)          (Unaudited)
<S>                                                      <C>                    <C>                  <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss                                               $ (9,143,894)          $(11,692,044)        $(35,305,614)
  Adjustments to reconcile net loss to net
   cash used in operating activities:
     Stock issued for services                                     --                     --               10,001
     Stock based compensation                               8,756,668             11,350,000           34,350,043
  Changes in operating assets and liabilities:
     Accounts payable                                              --                 (6,114)                  --
     Shareholder loan payable                                 270,000                270,000              720,000
     Accrued interest                                         117,226                 58,158              205,570
                                                         ------------           ------------         ------------
          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         $    269,375           $         --         $    484,250
                                                         ============           ============         ============
  Subscription receivable                                $         --           $     20,000         $     20,000
                                                         ============           ============         ============
</TABLE>


                                       5
<PAGE>
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.

The foregoing unaudited financial statements have been prepared in accordance
with generally accepted accounting principles for interim financial information.
Accordingly, these financial statements do not include all of the disclosures
required by generally accepted accounting principles in the United States of
America for complete financial statements. These unaudited interim financial
statements should be read in conjunction with the audited financial statements
for the period ended December 31, 2007. In the opinion of management, the
unaudited interim financial statements furnished herein include adjustments, all
of which are of a normal recuing nature, necessary for a fair statement of the
results for all the interim periods presented. Operating results for the
nine-month period ending September 30, 2008 are not necessarily indicative of
the results that may be expected for the year ended December 31, 2008.

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.

                                       6
<PAGE>
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 $35,305,614 for the period from
inception, October 20, 2006 through September 30, 2008. In addition, the Company
had an accumulated deficit of $35,305,614 at September 30, 2008. 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").

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.

                                       7
<PAGE>
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

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, 2007 and September 30, 2008, 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 September 30, 2008 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
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

                                       8
<PAGE>
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

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
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.

                                       9
<PAGE>
NOTE 3 - FAIR VALUE MEASUREMENTS (CONTINUED)

The Company did not have any Level 1, Level 2 or Level 3 assets or liabilities
as of September 30, 2008 and December 31, 2007, respectively.

The Company discloses the estimated fair values for all financial instruments
for which it is practicable to estimate fair value. As of September 30, 2008 and
December 31, 2007, 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 September 30, 2008 and December 31, 2007 the Company had a deferred tax asset
of approximately $176,000 and $130,000, 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 September 30, 2008 and
December 31, 2007 are as follows:

                                             September 30,      December 31,
                                                 2008              2007
                                              ----------        ----------
Deferred tax asset-net operating losses       $   86,000        $   41,000
Accrued compensation                              90,000            89,000
Deferred tax asset valuation allowance          (176,000)         (130,000)
                                              ----------        ----------
Net deferred tax asset                        $       --        $       --
                                              ==========        ==========

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

                                               September 30,    December 31,
                                                   2008            2007
                                                -----------     -----------
Expected Federal tax  (benefit)                 $(3,109,000)    $(8,858,000)
Expected State tax (benefit), net of federal       (366,000)     (1,042,000)
Permanent differences                             3,430,000       9,810,000
Change in valuation allowance                   $    45,000          90,000
                                                -----------     -----------
Effective tax rate                              $        --     $        --
                                                ===========     ===========

At September 30, 2008 and December 31, 2007, the Company had a net operating
loss carry forward of $226,000 and $108,000, respectively, which expires in the
year 2028 and 2027, 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.

                                       10
<PAGE>
NOTE 5 - RELATED PARTY DEBT AND TRANSACTIONS (CONTINUED)

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 7).

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
                                               ===========

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 $235,750 and
$235,125 and an interest accrual amounting to $205,570 and $88,344 for the Nine
months ended September 30, 2008 and the year ended December 31, 2007,
respectively.

NOTE 6 - EQUITY TRANSACTIONS FROM INCEPTION TO THE FILING DATE

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.

                                       11
<PAGE>
NOTE 6 - EQUITY TRANSACTIONS FROM INCEPTION TO THE FILING DATE (CONTINUED)

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.

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.

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

                                       12
<PAGE>
NOTE 7 - SUBSEQUENT EVENTS

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.

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.

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.

The Company has evaluated subsequent events from the balance sheet date through
the date which the financial statements are being issued.

                                       13
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
        OF OPERATIONS.

                     CAUTIONARY FORWARD - LOOKING STATEMENT

     This Form 10-Q 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-Q 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-Q, 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.

                                       14
<PAGE>
     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.

GENERAL

     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 quarters ended March 31 and June 30, 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 is filing this
Form 10-Q Quarterly Report for the Quarter Ended September 30, 2008, and will be
filing the Form 10-K Annual Reports for the Fiscal Years Ended December 31,
2007, 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-Q contains narrative information about our Company that
is current, this Form 10-Q contains unaudited financial statements for 2007,
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, 2007 PRIOR TO
MAKING AN INVESTMENT DECISION WITH RESPECT TO THE SHARES OF OUR COMMON STOCK.

     The financial statements included in this Form 10-Q have been prepared in
accordance with generally accepted accounting principles for financial
information and have been prepared pursuant to the rules and regulations of the
Securities and Exchange Commission for smaller reporting companies. In the
opinion of management, all adjustments, consisting of normal recurring accruals,
necessary for a fair presentation of the results of operations for the period
from October 20, 2006 (Inception) to September 30, 2008 have been reflected
herein.

                                       15
<PAGE>
     The results of operations for the period from October 20, 2006 (Inception)
to September 30, 2008 are not necessarily indicative of the results to be
expected in the future. These statements should be read in conjunction with the
audited financial statements for the year ended December 31 2007, included in
our previously filed Form 10-K.

RESULTS OF OPERATIONS

     The Company has not generated any revenues since its inception on October
20, 2006.

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2008

     The Company's operations for the quarter ended September 30, 2008 consist
of professional fees incurred in the amount of $270,000 and stock based
compensation of $8,756,668, (refer to Note 6).

FOR THE PERIOD FROM OCTOBER 20, 2006 (INCEPTION) TO SEPTEMBER 30, 2008

     Expenses from inception consist of professional fees of $732,600 and
general and administrative expenses consisting of organization and related
expenses of $17,411. In addition, the company has recorded an expense in the
amount of $35,350,043 as stock based compensation, (refer to Note 6 in the
Financial Statements)

LIQUIDITY AND CAPITAL RESOURCES

     We have financed our operations from inception to date through the sale of
common stock, $20,000.

     We had minimal cash on hand as of September 30, 2008. We will continue to
need additional cash during the following twelve months and these needs will
coincide with the cash demands resulting from implementing our business plan and
remaining current with our Securities and Exchange Commission filings. There is
no assurance that we will be able to obtain additional capital as required, or
obtain the capital on acceptable terms and conditions.

GOING CONCERN

     The accompanying financial statements have been prepared in conformity with
generally accepted accounting principles, which contemplate continuation of the
Company as a going concern. The Company has not begun generating revenue, is
considered a development stage company, has experienced recurring net operating
losses, had a net loss of $9,142,894 for the Nine months ended September 30,
2008, and a working capital deficiency of $35,305,614 at September 30, 2008.
These factors raise substantial doubt about the Company's ability to continue as
a going concern.

     These financial statements do not include any adjustments relating to the
recoverability and classification of recorded asset amounts, or amounts and

                                       16
<PAGE>
classification of liabilities that might result from this uncertainty. We will
need to raise funds or implement our business plan to continue operations.

OFF-BALANCE SHEET ARRANGEMENTS

     We do not have any off-balance sheet arrangements that have or are
reasonably likely to have a current or future effect on our financial condition,
changes in financial condition, revenues or expenses, results of operations,
liquidity, capital expenditures or capital resources that is material to
investors.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK.

     Not applicable.

ITEM 4. CONTROLS AND PROCEDURES.

(a)  Evaluation of disclosure controls and procedures.

     We conducted an evaluation under the supervision and with the participation
of our management, including David W. Keaveney, our Chief Executive Officer and
Chief Financial Officer, of the effectiveness of the design and operation of our
disclosure controls and procedures. The term "disclosure controls and
procedures," as defined in Rules 13a-15(e) and 15d-15(e) under the Securities
and Exchange Act of 1934, as amended ("Exchange Act"), means controls and other
procedures of a company that are designed to ensure that information required to
be disclosed by the company in the reports it files or submits under the
Exchange Act is recorded, processed, summarized and reported, within the time
periods specified in the Securities and Exchange Commission's rules and forms.

     Disclosure controls and procedures also include, without limitation,
controls and procedures designed to ensure that information required to be
disclosed by a company in the reports that it files or submits under the
Exchange Act is accumulated and communicated to the company's management,
including its principal executive and principal financial officers, or persons
performing similar functions, as appropriate, to allow timely decisions
regarding required disclosure. Based on this evaluation, our Chief Executive
Officer and Chief Financial Officer concluded as of December 31, 2009, and again
as of June 30, 2010, that our disclosure controls and procedures have been
improved and were effective at the reasonable assurance level in our internal
controls over financial reporting discussed immediately below.

MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

     Our management is responsible for establishing and maintaining adequate
internal control over financial reporting as defined in Rules 13a-15(f) and
15d-15(f) under the Exchange Act. Our internal control over financial reporting
is designed to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles. Our
internal control over financial reporting includes those policies and procedures
that:

                                       17
<PAGE>
     (1)  pertain to the maintenance of records that in reasonable detail
          accurately and fairly reflect the transactions and dispositions of our
          assets;
     (2)  provide reasonable assurance that transactions are recorded as
          necessary to permit preparation of financial statements in accordance
          with U.S. GAAP, and that our receipts and expenditures are being made
          only in accordance with the authorization of our management and
          directors; and
     (3)  provide reasonable assurance regarding prevention or timely detection
          of unauthorized acquisition, use or disposition of our assets that
          could have a material effect on the financial statements.

     Because of its inherent limitations, internal control over financial
reporting may not prevent or detect misstatements. Also, projections of any
evaluation of effectiveness to future periods are subject to the risk that
controls may become inadequate because of changes in conditions, or that the
degree of compliance with the policies or procedures may deteriorate.

     Management assessed the effectiveness of our internal control over
financial reporting as of December 31, 2007 and again as of September 30, 2008.
In making this assessment, management used the framework set forth in the report
entitled Internal Control-Integrated Framework issued by the Committee of
Sponsoring Organizations of the Treadway Commission, or COSO. The COSO framework
summarizes each of the components of a company's internal control system,
including (i) the control environment, (ii) risk assessment, (iii) control
activities, (iv) information and communication, and (v) monitoring. This annual
report does not include an attestation report of our registered public
accounting firm regarding internal control over financial reporting.
Management's report was not subject to attestation by our registered public
accounting firm pursuant to temporary rules of the Securities and Exchange
Commission that permits us to provide only management's report in this annual
report.

IDENTIFIED MATERIAL WEAKNESSES AND SIGNIFICANT DEFICIENCIES

     A material weakness is a control deficiency, or combination of control
deficiencies, that results in more than a remote likelihood that a material
misstatement of the financial statements will not be prevented or detected.
Management identified no such material weakness or deficiency during its
assessment of our internal control over financial reporting as of December 31,
2007, and again as of September 30, 2008.

(b)  Changes in Internal Control over Financial Reporting

     During the quarter ended September 30, 2008, we did not make any changes in
our internal controls over financial reporting.

                                       18
<PAGE>
                           PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

     The Company is not aware of any threatened or pending litigation against
The Company.

ITEM 1A. RISK FACTORS.

     Not applicable.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

     None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

     None.

ITEM 4. (REMOVED AND RESERVED).

     None.

ITEM 5. OTHER INFORMATION.

     None.

ITEM 6. EXHIBITS.

     See Exhibit Index below for exhibits required by Item 601 of regulation
S-K.

                                  EXHIBIT INDEX

Exhibit                           Description
-------                           -----------

 3.1*      Certificate of Incorporation filed with the Secretary of State of
           Delaware on October 20, 2006 (Exhibit 3.1 to the Company's
           Registration Statement on Form 10 filed with the Commission on
           October 27, 2009).

 3.2*      By-laws of the Company (Exhibit 3.2 to the Company's Registration
           Statement on Form 10 filed with the Commission on October 27, 2009).

14*        Code of Ethics (Exhibit 14 to the Company's Annual Report on Form
           10-K for the Fiscal Year Ended December 31, 2006, filed with the
           Commission on August 16, 2010).

31.1**     Certification under Section 302 of Sarbanes-Oxley Act of 2002.

32.1**     Certification under Section 906 of Sarbanes-Oxley Act of 2002.

----------
*  Exhibits incorporated herein by reference.
** Filed herewith.

                                       19
<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 24, 2010                /s/ Isaac H. Sutton
                                      ------------------------------------------
                                      By:  Isaac H. Sutton
                                      Its: President and Chief Executive 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 24, 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)

                                       20