Electric City CEO to Present at Berenson Minella & Company and the Williams Capital Group 26th Annual Public Utility Seminar Series
CHICAGO, Feb. 5 /PRNewswire-FirstCall/ -- Electric City Corp. (Amex: ELC) announced today that its Chief Executive Officer, John Mitola will be a presenter at Berenson Minella & Company and The Williams Capital Group 26th Annual Public Utility Seminar Series.
The Seminar will be held at Boston Harbor Hotel in Boston Massachusetts on February 11th and 12th. Mr. Mitola will discuss Electric City's ongoing growth, its technologies and the Company's continued acceleration towards participation in the wholesale energy power market with its Virtual Negawatt Power (VNP) and Shared Savings (SS) financing projects.
"We look forward to presenting the Electric City growth story at this prestigious energy conference," stated John Mitola, CEO of Electric City Corp. "Competitive energy conservation technologies are the most cost-effective and practical set of solutions to long-term energy capacity constraints. Today, our EnergySaver technology is operating at hundreds of our scalable customers' sites, delivering demand reduction and energy savings on a daily basis. Our ability to scale, multi-site EnergySaver systems via our internet-based, GlobalCommander controls, creates a virtual, power reduction system. This system captures what would otherwise constitute wasted power, allowing us to re-sell that power to other utilities and end users. This VNP concept allows Electric City and our customers to compete head to head with traditional power producers directly into the wholesale power market generating additional financial returns to Electric City and our Customers."
The Seminar series will include presentations by management of other leading energy and utility companies.
The Williams Capital Group L.P. ("WCG") is an investment bank and institutional broker/dealer with offices in New York and London. WCG provides debt and equity underwriting, secondary market trading, proprietary research, stock repurchase and corporate finance advisory services to institutional investors and corporations, and is a member of the New York Stock Exchange. Williams Capital International Ltd., its London-based subsidiary, is a member of the Securities and Futures Authority in the United Kingdom.
Berenson Minella is a private investment bank with a broad range of advisory and financing capabilities. Based in New York City, the firm provides clients with core services in M&A, private finance and restructuring.
Electric City is a leading developer, manufacturer and integrator of energy savings technologies, 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 Corp.
CO: Electric City Corp.; Berenson Minella & Company; Williams Capital Group L.P.
ST: Illinois, Massachusetts, New York
SU: TDS
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02/05/2003 08:38 EST |
