ELK GROVE VILLAGE, Ill, Jan. 19, 2010 (GLOBE NEWSWIRE) -- Lime Energy (Nasdaq:LIME) announced today that it has promoted David Krueger to President of the Commercial and Industrial Division. Previously Mr. Krueger was Executive Vice President of Operations of Parke Industries and held the same position when acquired by Lime Energy in July of 2006. His responsibilities over the years have included working closely with a national sales force, and overseeing construction and implementation of energy efficiency upgrades throughout the United States. Mr. Krueger is a veteran of the energy efficiency industry with more than 20 years experience in the design, engineering and construction of complex energy efficient upgrades.
“This is a well deserved promotion and gives us incredible talent and experience in our three operating divisions,” stated Dan Parke, President of Lime Energy. “Our Public Sector and Regional Construction Division run by Jim Smith, our Energy Engineering & Consulting Technical Services Division run by Adam Procell, and now the Commercial and Industrial (C&I) Division under David Krueger, gives us three industry veterans dedicated to growing our three revenue channels.
“I have enjoyed my tenure witnessing the growth and maturation of the energy efficiency industry and I am excited about being part of the world class leadership team at Lime Energy. I am convinced that this company will continue to set the pace in our field, as Lime Energy continues on its path as a true market leader in the dynamic and important marketplace for energy solutions,” stated David Krueger.
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.
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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 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.