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Non-Tech : Under $0.50 stocks

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From: ThinkingBig11/12/2008 10:38:15 AM
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Atlantic Energy Solutions Chosen as Energy Efficiency Contractor forTwo New Jersey Boroughs

Nov 12, 2008 09:15:17 (ET)

SARATOGA SPRINGS, NY, Nov 12, 2008 (MARKET WIRE via COMTEX) -- Atlantic Energy Solutions, Inc. (PINKSHEETS: AESO) has been selected as the Energy Efficiency Solutions Company for two Northern New Jersey boroughs. The company was selected amid tough competition after borough officials spent time with Atlantic Energy in order to better understand the benefits Atlantic Energy offers. The boroughs wanted Atlantic Energy Solutions to implement a comprehensive energy efficiency program. This green technology program will provide greater savings for the boroughs while creating a more positive environmental impact.

The project entails the preliminary development and evaluation of all possible energy conservation and innovation measures throughout the boroughs' municipal facilities. The first step will lay the necessary foundation for phased energy conservation projects that will sharply reduce operating expenditures, while ultimately achieving the borough administrator's goal of energy independence. During this phase, the main focus will be on physical facility upgrades, and the feasibility of incorporating renewable energy as part of the master plan.

Tim Brock, CEO of Atlantic Energy Solutions, commented, "Our objective is not just to meet, but to exceed savings expectations, which will ultimately benefit the tax payers. We hope that this relationship will be a stepping stone towards the development of other large scale energy projects throughout the state of New Jersey."
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