I probably should have mentioned this stock earlier today when it was at 3 3/8 but had a busy day at the office. Posted this earlier on Copia's thread.
ECCC- Electric City. Has made AMEX. Getting 100 million financing. Still at 3 3/8. Waiting for news to be spread. State of California is
practically rationing electricity. It is time for this machine and this company.
Now that it is on an exchange I hope for heavy institutional buying. Check it out for at least a quick pop on the news. I am holding long term.
Wednesday December 6, 5:59 pm Eastern Time
Press Release
Electric City Formally Approved To Enter The American Stock Exchange
Trading on the Exchange Expected To Begin Shortly
ELK GROVE VILLAGE, Ill.--(BUSINESS WIRE)--Dec. 6, 2000--Electric City Corp. (OTC Bulletin Board: ECCC - news), announced today
that the Company's application for listing has been approved
by The American Stock Exchange. ``Movement to The American Stock Exchange represents a significant step for our Company,'' stated John
Mitola, CEO of Electric City Corp. ``We are very proud of this
accomplishment and extremely pleased to move to The American Stock Exchange. We believe the Exchange provides a special focus on new
technology companies emerging as a result of deregulation of the
electric utility industry. Therefore, we think we are joining very good company.''
``We believe Electric City has come a long way over the past eleven months. We view Tuesday's announcement of our CIT financing plan and
The American Stock Exchange approval as the high points of
this year's efforts,'' added Brian Kawamura, President/COO of Electric City Corp. ``Both developments set the stage for what we expect will be
very strong growth in 2001.''
``Our CFO, Jeff Mistarz, deserves a great deal of credit for his diligent efforts in pursuit of The American Stock Exchange approval,'' continued
Mitola. ``We expect to immediately work with the Exchange to
select our trading symbol and to begin trading in very short order.''
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 currently traded under the symbol ECCC. Additional
information is available at the Company's website at
www.electriccityeccc.com or can be obtained by contacting Glenn Akselrod at Level Jump Financial Group at 877-477-0477 or
www.leveljump.com and Tony Schor at Investor Awareness, Inc. at
847-945-2222 or www.investorawareness.com.
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'',
``should'', ``typical'', ``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 2000 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 limited operating history, the Company's history of operating losses, consumers' acceptance of
the Company's new and existing products, the Company's use
of licensed technologies, risk of increased competition, the Company's ability to successfully integrate acquired business products and
technologies to satisfy consumer demands and requirements, the
possible volatility of the Company's stock price, the concentration of ownership and the potential fluctuation in the Company's operating results.
For further information about these and other risks,
uncertainties and factors, please review the disclosure included under the captions ``Description of Business'' and ``Management's Discussion
and Analysis of Financial Condition or Plan of Operations'' in
Electric City's Quarterly Reports on Form 10-QSB and Annual Report on Form 10-KSB filed with the Securities and Exchange Commission in
2000. Except as required by the federal securities laws,
Electric City undertakes no obligation to publicly update or revise any forward-looking statements ,whether as a result of new information, future
events, changed circumstances or any other reason after the
date of this news release. |
