American Stock Exchange Online Conference to Feature Electric City CEO Mitola June 20
CHICAGO, June 13 /PRNewswire/ -- Electric City (Amex: ELC - news) CEO John Mitola will showcase Electric City's Energy Saver(TM) technology and the company's growth strategy to thousands of retail, institutional and individual investors at the American Stock Exchange Online Conference, 11:30 a.m., Wednesday, June 20th. The Webcast can be viewed live on amex.com and streetfusion.com. The presentation will be archived for three months following the conference on these sites, as well as Electric City's Web site www.electriccityeccc.com . Topics of the discussion include the company's general business strategy, new product developments, anticipated rapid growth due to the nation's energy crisis and its innovative Shared Savings and Virtual Negawatt Power Plant programs developed with CIT Group (NYSE: CIT - news).
Electric City makes the EnergySaver(TM) lighting control system that allows customers to operate lighting systems at the lower end of their voltage range, cutting usage by up to 50 percent while still maintaining appropriate lighting levels and without costly retrofitting of fixtures or bulbs.
``We expect revenues to triple this year because Electric City is in the right place at the right time to offer a solution to ease the energy crisis,'' Mitola said. ``As the energy crisis facing California and other major market areas becomes more critical driving increases in electricity costs, competitive energy-saving technologies such as Electric City's EnergySaver(TM) lighting control system, provide the most immediate and cost-effective solution. Since our technology helps reduce electricity use instead of producing new power, it has the lowest first cost, no operating cost and helps improve the environment. We're working with major commercial and industrial customers and state and local government agencies nationwide to introduce them to our technology and to help them reduce their energy consumption in an effort to improve their bottom line and to help solve some of the issues created by the crisis.''
Mitola will highlight how the company's $100 million Shared Savings program helps customers acquire Electric City's technology at no up-front cost, as well as how the company's innovative Virtual Negawatt Power Plant program helps customers reap additional savings through incentive payments offered by several utility distribution companies for voluntary load reduction.
About Electric City
Electric City is a leading developer, manufacturer and integrator of energy savings technologies and custom electric switchgear. The Company currently markets the EnergySaver(TM), the GlobalCommander, TP3 and custom switchgear. Electric City is based in Elk Grove Village, Illinois and is traded under the symbol ELC. Additional information is available at the Company's web site at www.electriccityeccc.com or can be obtained by contacting Glenn Akselrod at the Stockpage at 800-797-5683 or at glen@thestockpage.com and Tony Schor at Investor Awareness, Inc. at 847-945-2222 or www.investorawareness.com .
Statements made in this release may be construed to be forward-looking and are made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1998. Electric City has tried to identify these forward-looking statements by using words and phrases such as ``may,'' ``will,'' ``expects,'' ``anticipates,'' ``believes,'' ``intends,'' ``estimates,'' ``should,'' ``typical,'' ``we are confident,'' or similar expressions. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, risks related to evaluation of additional installations for the customer discussed above, as well as other matters disclosed in documents filed from time to time by the Company with the U.S. Securities and Exchange Commission.
SOURCE: Electric City
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