ELK GROVE VILLAGE, Ill., Jan. 12, 2010 (GLOBE NEWSWIRE) -- Lime Energy (Nasdaq:LIME), a national leader in design and construction of energy efficiency projects, announced today that it has been selected to provide GEMSA Power Buyer members the ability to reduce operating costs through energy savings. "Our members tell us there is a need in the marketplace to take better advantage of savings opportunities through energy efficiency," said Bob Hayes, Managing Director of GEMSA Power Buyer Service. "We chose Lime Energy to fill this role because of its national footprint and proven track record in identifying, designing, and implementing successful energy efficiency projects and we are confident in their abilities and service for our members."
In addition to selection into Power Buyer, Lime Energy was also chosen to participate in Power Buyer Green. Power Buyer Green was started in 2006 and is a specific group of services that target efficiency and sustainability. It includes a four-step approach of access, inspection, selecting projects, then monitoring and tracking performance.
"We are very excited to have been selected to be part of both Power Buyer and Power Buyer Green," said Dan Parke, President of Lime Energy. "Being tapped to join these groups puts us in the position to benefit from the energy efficiency work that must take place in the US commercial building stock over the long term. Power Buyer is an excellent vehicle that opens doors and puts us in touch with building portfolio owners and managers who need help to prioritize opportunities and make the best economic decisions. Our unique ability to start with an initial inspection, then document the business case and then very quickly offer a firm proposal for carrying out the work gives Power Buyer members both the speed and thoroughness they must have to make the best decisions," concluded Mr. Parke.
Power Buyer was started in 1994 by GE Real Estate and is now jointly owned by GE Real Estate and GEMSA. The group is made up of preferred providers of services and products for the commercial real estate industry. Building owners benefit from aggregated purchasing; which provides savings, no-cost inspections, extended warranties, and service consistency. There is no cost to members and no obligation to use the service. Products and services include lighting equipment, HVAC, property tax consulting, utility consolidation, roofing, paint and flooring, and elevator services, among others. GEMSA provides commercial loan servicing on $120 billion in commercial real estate assets. For further information, please contact Robert Hayes, Managing Director at 713-458-7205.
About Lime Energy
Lime Energy is a leading provider of integrated energy engineering, consulting and implementation solutions. We specialize in improving the energy efficiency of our clients' facilities, reducing their operating costs, energy use and carbon emissions. We focus on two specific markets: the commercial and industrial market including utilities and the public sector market, deploying solutions including energy efficient lighting upgrades, energy efficiency mechanical and electrical retrofit and upgrade services, water conservation, weatherization and renewable project development and implementation. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in the future to differ materially from those expressed in, or implied by, these forward-looking statements. These risks include that the USPS may not approve projects under the contracts described in this release or may only approve a limited number, that the contracts may not be renewed for their option periods and those risks referenced in Lime Energy's current Annual Report on Form 10-K and Quarterly Report on Form 10-Q or as may be described from time to time in Lime Energy's subsequent SEC filings; such factors are incorporated herein by reference.