ELK GROVE VILLAGE, Ill., July 13, 2009 (GLOBE NEWSWIRE) -- Lime Energy Co. (Nasdaq:LIME) is pleased to announce that Stephen Glick, Ph.D. has joined the Board of Directors of Lime Energy. Mr. Glick was the founder and former President of Applied Energy Management (AEM), a nationally recognized design-build engineering firm specializing in energy saving infrastructure improvement projects in the institutional, industrial and commercial market. The company was founded in 1984 and grew to over $40 million in revenue when acquired by Lime Energy in June of 2008.
"Steve is a terrific addition to our Board," stated Dick Kiphart, Chairman of Lime Energy. "With over 25 years experience in the energy efficiency business and his proven entrepreneurial track record, we look forward to the value he will add to our Board."
About Lime Energy Co.
Lime Energy is a leading provider of energy efficiency and renewable energy design/build solutions. The Company performs energy efficiency engineering and consulting as well as the development and implementation of energy efficient lighting, HVAC, water, weatherization, and renewable energy solutions. Lime Energy's clients include commercial and industrial businesses, building owners, property management companies as well as federal, state and local government agencies through energy service company (ESCO) partners. 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.
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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 remainder of 2009 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These risks include whether we will be able to find a buyer for our energy technology division at a price acceptable to us, successfully negotiate an acquisition agreement with a buyer and close any acquisition agreed to and those risk factors described in Lime Energy's most recent Annual Report on Form 10-K or as may be described from time to Lime in Lime Energy's subsequent SEC filings.