Electric City Announces Changes to Management Team
ELK GROVE VILLAGE, Ill., April 30 /PRNewswire-FirstCall/ -- Electric City Corporation (Amex: ELC), announced that Brian Kawamura, its President and Chief Operating Officer has resigned to pursue other interests. Mr. Kawamura will also leave his post as a director of the company. Mr. Kawamura will continue to act as a consultant to the Company on a non-exclusive basis for at least the balance of the year.
"I am obviously very sad to see Brian leave," said John Mitola, Electric City's CEO. "I am grateful for his hard work and dedication over these past two and half years and I am confident that he is leaving the organization at a point in its growth where it will continue to operate smoothly upon his departure. Brian and I have come to the decision that he has achieved the bulk of his planned three-year mission, along with the goals he set out for himself regarding the start-up of Electric City Corp. Since Electric City is moving solidly along our growth plan, Brian believed it was a good time to allow him to focus on a couple of his other business interests."
Other members of the senior management team will assume Mr. Kawamura's responsibilities.
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, Building Automation Systems, Total Primary Power Package (TP3) and custom switchgear. Electric City is based in Elk Grove Village, Illinois and is traded on The American Stock Exchange under the symbol ELC. Additional information is available at the Company's website at www.elccorp.com or by calling 847-437- 1666.
FORWARD LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding expected performance. These forward- looking statements are based on information currently available to Electric City and are subject to a number of risks, uncertainties and other factors that could cause Electric City's actual results, performance, prospects or opportunities for the remainder of 2002 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These risks are referenced in Electric City's current Annual Report on form 10-KSB or as may be described from time to time in Electric City's subsequent SEC filings; and such factors as incorporated by reference.
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SOURCE Electric City Corporation
CO: Electric City Corporation
ST: Illinois
SU: PER
prnewswire.com
04/30/2002 19:21 EDT |
