SPAMMERS OF THE INTERNET. LETS HOPE SPITZER PUTS THE SPAMMERS IN JAIL AS WELL AS THE PUBLIC COMPANIES TRHAT PAY PEOPLE TO SPAM
Subj: Update Electric City (AMEX: ELC)
Date: 5/23/2003 9:54:01 AM Eastern Daylight Time
From: info@europeanalyst.com
To: XXXXXXXXXXXXXXXXXXXXXXXX
Sent from the Internet (Details)
May 23, 2003
Update Electric City (AMEX: ELC)
Dear subscribers,
We first introduced you to Electric City Corporation (AMEX: ELC) at the end of January just after we spoke with CEO John Mitola. Since then the stock of ELC has gained considerably, reaching its 2003 high of $1.66 on the 7th of April, a 58% increase. The stock is now trading at approximately $1.25. We expect more positive developments from this fast growing company in the near future.
Last Wednesday Electric City released the exciting news that Rayovac (NYSE: ROV), a leader in the battery market, has cut its Lighting Energy Use by 20% with the Electric City EnergySaver System (see press release below).
About Electric City
Electric City is a leading developer, manufacturer and integrator of energy savings technologies and custom electric switchgear and building automation systems. The Company currently markets the EnergySaver(TM), the GlobalCommander(TM) and LightMaster(TM) energy conservation technologies, as well as its proprietary Total Primary Power Package (TP3) switchgear and a full line of Building Automation Systems. Electric City is based in Elk Grove Village, Illinois and is traded on The American Stock Exchange under the symbol ELC.
Press Release Source: Electric City
Rayovac Cuts Lighting Energy Use by 20% with Electric City EnergySaver
Wednesday May 21, 10:30 am ET
Electric City Joins Rayovac in Celebration of the Grand Opening of their Dixon, Illinois Distribution Center with State of the Art Lighting System
ELK GROVE, Ill., May 21 /PRNewswire/ -- Electric City (Amex: ELC - News) announced that Rayovac Corporation has achieved a 20 percent reduction in lighting electrical consumption at its EnergySaver(TM) installation at its new Dixon, Illinois distribution center. The 500,000 square foot facility recently celebrated its grand opening as Rayovac's primary national distribution center. Rayovac a leader in the battery market has many facilities throughout North America.
"Rayovac represents another scalable Customer that has embraced the EnergySaver(TM) technology," stated Bob Schultz, Senior Project Manager for Electric City Corporation. "We intend to work with Rayovac in order to deploy the EnergySaver(TM) across all qualified locations. Customers who use the application across multiple facilities to curtail their demand can renegotiate their utility rates and save significantly more money than the 20% cost savings achieved. Our scalable Customers are beginning to negotiate these reduced rates in order to achieve additional return on their investment."
"We are very pleased with the results of the EnergySaver system at this very important facility to Rayovac," stated Terry Kane, Facilities Director for Rayovac. "The EnergySaver system serves our entire facility and has performed flawlessly since startup many months ago. We see the savings every day."
About Rayovac
Rayovac is one of the world's largest consumer battery and lighting device companies. Rayovac products are sold in more than 115 countries. The Company also markets the number one selling rechargeable brand of battery in the U.S. and in Europe, and is the world leader in hearing aid batteries. Rayovac trades on the New York Stock Exchange under the ROV symbol.
About Electric City
Electric City is a leading developer, manufacturer and integrator of energy savings technologies and custom electric switchgear and building automation systems. The Company currently markets the EnergySaver(TM), the GlobalCommander(TM) and LightMaster(TM) energy conservation technologies, as well as its proprietary Total Primary Power Package (TP3) switchgear and a full line of Building Automation Systems. 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.
Investor Relations Contact: Glen Akselrod, The Stockpage, 800-797-5683, glen@thestockpage.com .
FORWARD LOOKING STATEMENTS
This news release includes forward-looking statements that reflect Electric City's current expectations about its future results, performance, prospects and opportunities. Electric City has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. 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 in the remainder of 2003 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.
--------------------------------------------------------------------------------
Source: Electric City
-------------------------------------
Europeanalyst.com
-------------------------------------
Disclaimer:
Europeanalyst.com is not a registered investment advisor or a broker dealer. It is possible that an investor's investment may be lost or impaired due to the speculative nature of the companies profiled. Europeanalyst.com relies on information provided by the featured Companies, its website, and/or Edgar filings. We prepare a report , drawing upon a range of public news, the company's website and information from sources in the industry, as well as data and opinions provided by the company. While Europeanalyst.com believes its sources to be reliable, associates of Europeanalyst.com, or any affiliated parties make no representation or warranty as to the accuracy of the information provided. Readers should not rely solely on the information contained in this publication, but should consult with their own independent tax, business and financial advisors with respect to any investment opportunity, including any contemplated investment in the advertised Company.
Factual statements in this publication are made as of the date stated and are subject to change without notice. Europeanalyst.com is not responsible for any claims made by the Company. The receipt of this publication shall not create, under any circumstances, any implication that there has been no change in the affairs of the company profiled since the date of review. Europeanalyst.com received five hundred dollars from Electric City.
IMPORTANT NOTICE
All interviews are copyright-protected intellectual property of EuropeAnalyst.com Reproduction in whole or in part is strictly forbidden without written permission of the publisher. An express written license is required before linking to any interview or using any of this material in any way for reproduction in print or on another website or media without a license from Europeanalyst.com. |
