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Gold/Mining/Energy : ELC - ELECTRIC CITY CORP (eccc) -- Ignore unavailable to you. Want to Upgrade?

To: Sir Auric Goldfinger who wrote (17)	5/30/2001 10:08:12 PM
From: afrayem onigwecher	Read Replies (1) \| Respond to of 46

Electric City CEO to Showcase EnergySaver(TM) Technology at Merrill Lynch Global Energy Technology Conference CHICAGO, May 30, 2001 /PRNewswire via COMTEX/ -- John Mitola, Chief Executive Officer of Electric City (Amex: ELC chart, msgs), will be featured at a panel discussion, "Efficiencies and Interconnection," at Merrill Lynch's Second Annual Global Energy Technology Conference at 2:45 p.m. EDT, Tuesday, June 5th. The conference will be held at the Bridgewaters, South Street Seaport, New York, NY on June 5th and 6th. Mitola will discuss Electric City's growth plan based on the EnergySaver(TM) lighting control technology and other energy conservation products the company has introduced or has under development. "Competitive energy conservation technologies are the most immediate and cost-effective solution to the energy crisis from both an initial cost and life cycle cost basis," said Mitola. "Electric City's EnergySaver(TM) allows companies to quickly and cost effectively reduce their energy consumption for lighting by up to 50 percent while still maintaining appropriate lighting levels and without costly retrofits of fixtures or bulbs." Mitola also will discuss Electric City's alliance with CIT (NYSE: CIT chart, msgs) for their jointly developed shared saving financing program to help companies reduce energy consumption with no technical risk or capital investment. CIT Group is providing up to $100 million in the form of project financing and shared savings financing, enabling Electric City to provide the EnergySaver(TM) technology to end-users without any requirement for capital. Customers reap the savings from reduced energy consumption and from incentive payments available from electric utilities for installing qualified energy saving technologies, such as the EnergySaver(TM). Under several utility programs, EnergySaver(TM) projects may qualify for incentive payments equivalent to as much as 70 percent of the installation cost. The conference also will include presentations by other new E Tech companies including Active Power, Ballard Power Systems, Capstone Turbine, Catalytica Energy Systems, and FuelCell Energy. Many of the companies featured are developing environmentally friendly alternative energy technologies that improve electric system efficiencies. 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 . MAKE YOUR OPINION COUNT - Click Here tbutton.prnewswire.com Source: Electric City Contact: Julie Shepherd of Accent28 for Electric City, 847-669-0633, or jshepherd11@yahoo.com URL: electriccityeccc.com News provided by