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	<title>EnergyConnect, Inc.</title>
	<link>http://energyconnectinc.com</link>
	<description>Turning Energy Into Cash</description>
	<pubDate>Thu, 08 May 2008 17:40:40 +0000</pubDate>
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		<title>Microfield Group Reports Record First Quarter 2008 Results</title>
		<link>http://energyconnectinc.com/news/press-releases/2008/05/microfield-group-reports-record-first-quarter-2008-results/</link>
		<comments>http://energyconnectinc.com/news/press-releases/2008/05/microfield-group-reports-record-first-quarter-2008-results/#comments</comments>
		<pubDate>Thu, 08 May 2008 13:00:35 +0000</pubDate>
		<dc:creator>Scott Ameduri</dc:creator>
		
		<category>Press Releases</category>

		<guid isPermaLink="false">http://energyconnectinc.com/news/press-releases/2008/05/microfield-group-reports-record-first-quarter-2008-results/</guid>
		<description><![CDATA[Comparative Revenues Increase by 123%
 PORTLAND, OR&#8211;(BUSINESS WIRE)&#8211; Microfield Group, Inc. (&#8221;Microfield&#8221;) (OTCBB: MICG - News), and its subsidiary, EnergyConnect, announced financial results today for the first quarter ended March 29, 2008. The Company generated revenues from continuing operations of $7,379,000 for the first quarter 2008 compared to revenues of $2,600,000 for the first quarter [...]]]></description>
			<content:encoded><![CDATA[<p><em>Comparative Revenues Increase by 123%</em></p>
<p><a id="more-194"></a> PORTLAND, OR&#8211;(BUSINESS WIRE)&#8211; Microfield Group, Inc. (&#8221;Microfield&#8221;) (OTCBB: <a href="http://finance.yahoo.com/q?s=micg.ob&#038;d=t">MICG</a> - <a href="http://finance.yahoo.com/q/h?s=micg.ob">News</a>), and its subsidiary, EnergyConnect, announced financial results today for the first quarter ended March 29, 2008. The Company generated revenues from continuing operations of $7,379,000 for the first quarter 2008 compared to revenues of $2,600,000 for the first quarter 2007, an increase of $4,779,000.</p>
<p>The company has revised its accounting for reserves for collection of revenues. This change results in a first quarter that includes four months of payments. The revision reflects the company’s proven ability to more accurately estimate collections. Previously revenue was estimated monthly, reserved and then recognized upon receipt. Beginning with the first month of 2008, revenue was recognized without reserve. This revision resulted in additional revenue of $1,584,000 being recorded in the first quarter of 2008. On a three month comparative basis, revenue for the first quarter of 2008 was $5,795,000 compared to $2,600,000 for the same period last year.</p>
<p>“The increase between comparative periods is indicative of the rapid acceptance of EnergyConnect’s price based energy products in key U.S. electric grids,” Randy Reed, Microfield’s Chief Financial Officer, noted. “Our automated and easy to use systems provide an attractive income opportunity for large energy consumers.”</p>
<p>The loss from continuing operations for the first quarter of 2008 was $1,904,000 compared to an operating loss of $1,339,000 for the three months ended March 31, 2007. This increased loss was due to higher SG&#038;A expenses driven by increases in headcount and system development costs as the EnergyConnect continues to build its revenue base and product offerings.</p>
<p>The Company recorded a net loss of $2,079,000 or $0.02 per share for the three months ended March 29, 2008, compared to a net loss of $1,972,000 or $0.02 per share for the three months ended March 31, 2007. Included in these losses are operating losses from our discontinued subsidiary, Christenson Electric, of $175,000 and $634,000 for the three months ended March 29, 2008 and March 31, 2007, respectively.</p>
<p>Operating expenses for the three months ended March 29, 2008 were $3,102,000, compared to $1,777,000 in the three months ended March 31, 2007. The increase of $1,325,000 between quarters was primarily due to salaries, benefits and related costs associated with new hires and development expenses in this year’s first quarter that were not in last year’s first quarter. These expenses were within the range of expectations for first quarter 2008 expenses.</p>
<p>With respect to the balance sheet, quarter ending unrestricted cash was $118,000 compared to $759,000 at December 29, 2007. This decrease of $641,000 is the result of normal cash usage.</p>
<p>Commenting on the first quarter results, Rod Boucher, Microfield’s Chief Executive Officer, said, “The first quarter results reflect increased activity from existing participants plus substantial contributions from new participating electric consumers. These results match our growth expectations and affirm our business plan, and are a credit to the dedication of our employees.”</p>
<p><strong>About Microfield Group, Inc.<br />
</strong> Microfield Group through its wholly owned subsidiary EnergyConnect, Inc., provides industry leading Demand Response technologies and services that enable a smarter, more sustainable power grid while creating additional income for participating companies. EnergyConnect transforms energy consumers into active participants in delivering the cleanest, most efficient and lowest cost supply of electric energy available. The EnergyConnect web-based automated platform enables consumers of energy to participate in unprecedented profit opportunities in the wholesale market for electricity. For more information about this next generation technology, visit: <a title="http://www.energyconnectinc.com/" href="http://www.energyconnectinc.com/">www.energyconnectinc.com</a>. Microfield is headquartered in Portland, Oregon, and its common stock is traded on the OTC Bulletin Board under the symbol “MICG.” Additional information about Microfield is also available at <a title="http://www.microfield.com/" href="http://www.microfield.com/">www.microfield.com</a>.</p>
<p><strong>Forward-Looking Statements</strong><br />
This press release includes statements that may constitute “forward-looking” statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause or contribute to such differences that include, but are not limited to, competitive factors, the success of new products in the marketplace, dependence upon third party vendors, and the ability to obtain financing. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.</p>
<table cellspacing="0" id="t5680021_1" class="bwtablebottommargin">
<tr>
<td id="t5680021_1_0_8928" colspan="8" class="bwcellpaddingleft0 bwverticalaligntop bwtextaligncenter"><strong>MICROFIELD GROUP, INC.</strong></td>
</tr>
<tr>
<td id="t5680021_1_1_8928" colspan="8" class="bwcellpaddingleft0 bwverticalaligntop bwtextaligncenter">
<p class="bwcellparagraphmargin"><strong>CONSOLIDATED BALANCE SHEET</strong></p>
</td>
</tr>
<tr>
<td id="t5680021_1_2_8928" colspan="8" class="bwcellpaddingleft0 bwverticalaligntop bwtextaligncenter"><strong>($000&#8242;S)</strong></td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_4_6660" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalaligntop bwtextaligncenter">March 29,</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_4_8928" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalaligntop bwtextaligncenter">December 29,</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_5_6660" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextaligncenter bwsinglebottomborder">2008</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_5_8928" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextaligncenter bwsinglebottomborder">2007</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_6_6660" class="bwcellpaddingleft0 bwverticalaligntop bwtextaligncenter">(Unaudited)</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td id="t5680021_1_8_4680" class="bwcellpaddingleft0 bwverticalaligntop bwtextalignleft">Cash</td>
<td>&nbsp;</td>
<td id="t5680021_1_8_5040" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">$</td>
<td id="t5680021_1_8_6660" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">119</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_8_7290" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">$</td>
<td id="t5680021_1_8_8928" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">759</td>
</tr>
<tr>
<td id="t5680021_1_9_4680" class="bwcellpaddingleft0 bwverticalaligntop bwtextalignleft">Restricted cash</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_9_6660" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">400</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_9_8928" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">133</td>
</tr>
<tr>
<td id="t5680021_1_10_4680" class="bwcellpaddingleft0 bwverticalaligntop bwtextalignleft">Accounts receivable</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_10_6660" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">2,372</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_10_8928" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">1,533</td>
</tr>
<tr>
<td id="t5680021_1_11_4680" class="bwcellpaddingleft0 bwverticalaligntop bwtextalignleft">Other current assets</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_11_6660" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">786</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_11_8928" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">552</td>
</tr>
<tr>
<td id="t5680021_1_12_4680" class="bwcellpaddingleft0 bwcellpaddingbottom1 bwverticalaligntop bwtextalignleft">Discontinued operations</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_12_6660" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright bwsinglebottomborder">10,564</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_12_8928" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright bwsinglebottomborder">12,666</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td id="t5680021_1_14_4680" class="bwcellpaddingleft3 bwverticalaligntop bwtextalignleft">Total current assets</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_14_6660" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">14,241</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_14_8928" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">15,643</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td id="t5680021_1_16_4680" class="bwcellpaddingleft0 bwverticalaligntop bwtextalignleft">Goodwill and intangibles</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_16_6660" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">31,166</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_16_8928" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">31,226</td>
</tr>
<tr>
<td id="t5680021_1_17_4680" class="bwcellpaddingleft0 bwverticalaligntop bwtextalignleft">Other long term assets</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_17_6660" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">303</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_17_8928" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">246</td>
</tr>
<tr>
<td id="t5680021_1_18_4680" class="bwcellpaddingleft0 bwcellpaddingbottom1 bwverticalaligntop bwtextalignleft">Discontinued operations</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_18_6660" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright bwsinglebottomborder">1,342</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_18_8928" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright bwsinglebottomborder">971</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td id="t5680021_1_20_4680" class="bwcellpaddingleft3 bwcellpaddingbottom3 bwverticalaligntop bwtextalignleft">Total assets</td>
<td>&nbsp;</td>
<td id="t5680021_1_20_5040" class="bwcellpaddingleft0 bwcellpaddingbottom3 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">$</td>
<td id="t5680021_1_20_6660" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright bwdoublebottomborder">47,052</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_20_7290" class="bwcellpaddingleft0 bwcellpaddingbottom3 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">$</td>
<td id="t5680021_1_20_8928" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright bwdoublebottomborder">48,086</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td id="t5680021_1_23_4680" class="bwcellpaddingleft0 bwverticalaligntop bwtextalignleft">Accounts payable</td>
<td>&nbsp;</td>
<td id="t5680021_1_23_5040" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">$</td>
<td id="t5680021_1_23_6660" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">5,202</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_23_7290" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">$</td>
<td id="t5680021_1_23_8928" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">2,976</td>
</tr>
<tr>
<td id="t5680021_1_24_4680" class="bwcellpaddingleft0 bwverticalaligntop bwtextalignleft">Bank line of credit</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_24_6660" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">119</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_24_8928" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">118</td>
</tr>
<tr>
<td id="t5680021_1_25_4680" class="bwcellpaddingleft0 bwverticalaligntop bwtextalignleft">Other current liabilities</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_25_6660" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">261</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_25_8928" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">123</td>
</tr>
<tr>
<td id="t5680021_1_26_4680" class="bwcellpaddingleft0 bwcellpaddingbottom1 bwverticalaligntop bwtextalignleft">Discontinued operations</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_26_6660" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright bwsinglebottomborder">11,206</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_26_8928" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright bwsinglebottomborder">13,549</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td id="t5680021_1_28_4680" class="bwcellpaddingleft3 bwverticalaligntop bwtextalignleft">Total current liabilities</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_28_6660" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">16,788</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_28_8928" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">16,766</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td id="t5680021_1_30_4680" class="bwcellpaddingleft0 bwcellpaddingbottom1 bwverticalaligntop bwtextalignleft">Long term liabilities-discontinued operations</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_30_6660" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright bwsinglebottomborder">167</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_30_8928" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright bwsinglebottomborder">61</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td id="t5680021_1_32_4680" class="bwcellpaddingleft3 bwverticalaligntop bwtextalignleft">Total liabilities</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_32_6660" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">16,955</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_32_8928" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">16,827</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td id="t5680021_1_34_4680" class="bwcellpaddingleft0 bwcellpaddingbottom1 bwverticalaligntop bwtextalignleft">Shareholders<span id="bwanpa18">’</span> equity</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_34_6660" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright bwsinglebottomborder">30,097</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_34_8928" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright bwsinglebottomborder">31,258</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td id="t5680021_1_36_4680" class="bwcellpaddingleft0 bwcellpaddingbottom3 bwverticalaligntop bwtextalignleft">Total liabilities and shareholders<span id="bwanpa19">’</span> equity</td>
<td>&nbsp;</td>
<td id="t5680021_1_36_5040" class="bwcellpaddingleft0 bwcellpaddingbottom3 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">$</td>
<td id="t5680021_1_36_6660" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright bwdoublebottomborder">47,052</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_1_36_7290" class="bwcellpaddingleft0 bwcellpaddingbottom3 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">$</td>
<td id="t5680021_1_36_8928" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright bwdoublebottomborder">48,086</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
</table>
<table cellspacing="0" id="t5680021_2" class="bwtablebottommargin">
<tr>
<td id="t5680021_2_0_10000" colspan="9" class="bwcellpaddingleft0 bwverticalaligntop bwtextaligncenter"><strong>MICROFIELD GROUP, INC.</strong></td>
</tr>
<tr>
<td id="t5680021_2_1_10000" colspan="9" class="bwcellpaddingleft0 bwverticalaligntop bwtextaligncenter">
<p class="bwcellparagraphmargin"><strong>CONSOLIDATED STATEMENT OF OPERATIONS</strong></p>
</td>
</tr>
<tr>
<td id="t5680021_2_2_10000" colspan="9" class="bwcellpaddingleft0 bwverticalaligntop bwtextaligncenter">
<p class="bwcellparagraphmargin"><strong>($000&#8217;s, except share data)</strong></p>
</td>
</tr>
<tr>
<td id="t5680021_2_3_10000" colspan="9" class="bwcellpaddingleft0 bwverticalaligntop bwtextaligncenter"><strong>(Unaudited)</strong></td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="6"></td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_2_5_10000" colspan="6" class="bwcellpaddingleft0 bwverticalaligntop bwtextaligncenter">Three months ended</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_2_6_7686" colspan="2" class="bwcellpaddingleft0 bwverticalaligntop bwtextaligncenter">March 29,</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_2_6_10000" colspan="2" class="bwcellpaddingleft0 bwverticalaligntop bwtextaligncenter">March 31,</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_2_7_7560" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextaligncenter bwsinglebottomborder">2008</td>
<td class="bwsinglebottomborder"></td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_2_7_9000" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextaligncenter bwsinglebottomborder">2007</td>
<td class="bwsinglebottomborder"></td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
</tr>
<tr>
<td id="t5680021_2_9_2610" class="bwcellpaddingleft0 bwverticalaligntop bwtextalignleft">Revenue</td>
<td>&nbsp;</td>
<td id="t5680021_2_9_6300" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">$</td>
<td id="t5680021_2_9_7560" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">7,379</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_2_9_7812" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">$</td>
<td id="t5680021_2_9_9000" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">2,600</td>
<td>&nbsp;</td>
</tr>
<tr>
<td id="t5680021_2_10_2610" class="bwcellpaddingleft0 bwcellpaddingbottom1 bwverticalaligntop bwtextalignleft">Cost of goods sold</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_2_10_7560" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright bwsinglebottomborder">6,187</td>
<td class="bwsinglebottomborder"></td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_2_10_9000" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright bwsinglebottomborder">2,168</td>
<td class="bwsinglebottomborder"></td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
</tr>
<tr>
<td id="t5680021_2_12_2610" class="bwcellpaddingleft0 bwverticalaligntop bwtextalignleft">Gross profit</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_2_12_7560" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">1,192</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_2_12_9000" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">432</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
</tr>
<tr>
<td id="t5680021_2_14_2610" class="bwcellpaddingleft0 bwverticalaligntop bwtextalignleft">Sales, general and administrative</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_2_14_7560" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">2,905</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_2_14_9000" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">1,577</td>
<td>&nbsp;</td>
</tr>
<tr>
<td id="t5680021_2_15_2610" class="bwcellpaddingleft0 bwcellpaddingbottom1 bwverticalaligntop bwtextalignleft">Stock-based compensation</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_2_15_7560" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright bwsinglebottomborder">197</td>
<td class="bwsinglebottomborder"></td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_2_15_9000" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright bwsinglebottomborder">200</td>
<td class="bwsinglebottomborder"></td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
</tr>
<tr>
<td id="t5680021_2_17_2610" class="bwcellpaddingleft3 bwverticalaligntop bwtextalignleft">Total operating expenses</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_2_17_7560" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">3,102</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_2_17_9000" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">1,777</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
</tr>
<tr>
<td id="t5680021_2_19_2610" class="bwcellpaddingleft0 bwverticalaligntop bwtextalignleft">Loss from operations</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_2_19_7560" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">(1,910</td>
<td id="t5680021_2_19_7686" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignleft">)</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_2_19_9000" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">(1,345</td>
<td id="t5680021_2_19_10000" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignleft">)</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
</tr>
<tr>
<td id="t5680021_2_21_2610" class="bwcellpaddingleft0 bwcellpaddingbottom1 bwverticalaligntop bwtextalignleft">Other income</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_2_21_7560" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright bwsinglebottomborder">6</td>
<td class="bwsinglebottomborder"></td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_2_21_9000" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright bwsinglebottomborder">6</td>
<td class="bwsinglebottomborder"></td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
</tr>
<tr>
<td id="t5680021_2_23_2610" class="bwcellpaddingleft0 bwverticalaligntop bwtextalignleft">Loss from continuing operations</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_2_23_7560" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">(1,904</td>
<td id="t5680021_2_23_7686" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignleft">)</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_2_23_9000" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">(1,339</td>
<td id="t5680021_2_23_10000" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignleft">)</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
</tr>
<tr>
<td id="t5680021_2_25_2610" class="bwcellpaddingleft0 bwverticalaligntop bwtextalignleft">Loss on discontinued operations</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_2_25_7560" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">(175</td>
<td id="t5680021_2_25_7686" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignleft">)</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_2_25_9000" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">(633</td>
<td id="t5680021_2_25_10000" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignleft">)</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
</tr>
<tr>
<td id="t5680021_2_27_2610" class="bwcellpaddingleft0 bwcellpaddingbottom3 bwverticalaligntop bwtextalignleft">Net loss</td>
<td>&nbsp;</td>
<td id="t5680021_2_27_6300" class="bwcellpaddingleft0 bwcellpaddingbottom3 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">$</td>
<td id="t5680021_2_27_7560" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright bwdoublebottomborder">(2,079</td>
<td id="t5680021_2_27_7686" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignleft bwdoublebottomborder">)</td>
<td>&nbsp;</td>
<td id="t5680021_2_27_7812" class="bwcellpaddingleft0 bwcellpaddingbottom3 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">$</td>
<td id="t5680021_2_27_9000" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright bwdoublebottomborder">(1,972</td>
<td id="t5680021_2_27_10000" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignleft bwdoublebottomborder">)</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
</tr>
<tr>
<td id="t5680021_2_30_2610" class="bwcellpaddingleft0 bwverticalaligntop bwtextalignleft">Net loss per share:</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
</tr>
<tr>
<td id="t5680021_2_31_2610" class="bwcellpaddingleft3 bwcellpaddingbottom3 bwverticalaligntop bwtextalignleft">Basic and diluted</td>
<td>&nbsp;</td>
<td id="t5680021_2_31_6300" class="bwcellpaddingleft0 bwcellpaddingbottom3 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">$</td>
<td id="t5680021_2_31_7560" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright bwdoublebottomborder">(0.02</td>
<td id="t5680021_2_31_7686" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignleft bwdoublebottomborder">)</td>
<td>&nbsp;</td>
<td id="t5680021_2_31_7812" class="bwcellpaddingleft0 bwcellpaddingbottom3 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright">$</td>
<td id="t5680021_2_31_9000" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright bwdoublebottomborder">(0.02</td>
<td id="t5680021_2_31_10000" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignleft bwdoublebottomborder">)</td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
</tr>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
</tr>
<tr>
<td id="t5680021_2_34_2610" class="bwcellpaddingleft0 bwverticalaligntop bwtextalignleft">Shares used in per share calculations:</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2"></td>
</tr>
<tr>
<td id="t5680021_2_35_2610" class="bwcellpaddingleft3 bwcellpaddingbottom3 bwverticalaligntop bwtextalignleft">Basic and diluted</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_2_35_7560" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright bwdoublebottomborder">84,746,784</td>
<td class="bwdoublebottomborder"></td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td id="t5680021_2_35_9000" class="bwcellpaddingleft0 bwwhitespacenowrap bwcellpaddingright0 bwverticalalignbottom bwtextalignright bwdoublebottomborder">80,066,747</td>
<td class="bwdoublebottomborder"></td>
</tr>
</table>
<p>For further information, please contact:</p>
<p>Investor Relations:<br />
Randy Reed, Chief Financial Officer, Microfield Group, Inc.<br />
503-419-3580
</p>
]]></content:encoded>
			<wfw:commentRss>http://energyconnectinc.com/news/press-releases/2008/05/microfield-group-reports-record-first-quarter-2008-results/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Microfield Group Announces Completion of Financing</title>
		<link>http://energyconnectinc.com/news/press-releases/2008/05/microfield-group-announces-completion-of-financing/</link>
		<comments>http://energyconnectinc.com/news/press-releases/2008/05/microfield-group-announces-completion-of-financing/#comments</comments>
		<pubDate>Thu, 08 May 2008 06:00:44 +0000</pubDate>
		<dc:creator>Scott Ameduri</dc:creator>
		
		<category>Press Releases</category>

		<guid isPermaLink="false">http://energyconnectinc.com/news/press-releases/2008/05/microfield-group-announces-completion-of-financing/</guid>
		<description><![CDATA[Microfield Group rases $3.6 million through a private placement.
 PORTLAND, OR&#8211;(BUSINESS WIRE)&#8211; Microfield Group, Inc. (&#8221;Microfield&#8221;) (OTCBB: MICG - News), an innovator and leader in the demand response marketplace, announced today that it has raised $3.6 million through a private placement.
The Company issued approximately 9 million shares of common stock at $0.40 per share and [...]]]></description>
			<content:encoded><![CDATA[<p><em>Microfield Group rases $3.6 million through a private placement.</em></p>
<p><a id="more-193"></a> PORTLAND, OR&#8211;(BUSINESS WIRE)&#8211; Microfield Group, Inc. (&#8221;Microfield&#8221;) (OTCBB: <a href="http://finance.yahoo.com/q?s=micg.ob&#038;d=t">MICG</a> - <a href="http://finance.yahoo.com/q/h?s=micg.ob">News</a>), an innovator and leader in the demand response marketplace, announced today that it has raised $3.6 million through a private placement.</p>
<p>The Company issued approximately 9 million shares of common stock at $0.40 per share and 4.5 million warrants with an exercise price of $0.60 per share.</p>
<p>Randy Reed, Chief Financial Officer, noted, “This financing is anticipated to be sufficient for all cash needs of the company through 2008. This has been a difficult environment in which to raise funds, so we have chosen to limit the raise, while still funding growth in 2008 as planned.”</p>
<p><strong>About Microfield Group, Inc.<br />
</strong> Microfield Group through its wholly owned subsidiary EnergyConnect, Inc., provides industry leading Demand Response technologies and services that enable a smarter, more sustainable power grid while creating additional income for participating companies. EnergyConnect transforms energy consumers into active participants in delivering the cleanest, most efficient and lowest cost supply of electric energy available. The EnergyConnect web-based automated platform enables consumers of energy to participate in unprecedented profit opportunities in the wholesale market for electricity. For more information about this next generation technology, visit: <a title="http://www.energyconnectinc.com/" href="http://www.energyconnectinc.com/">www.energyconnectinc.com</a>. Microfield is headquartered in Portland, Oregon, and its common stock is traded on the OTC Bulletin Board under the symbol “MICG.” Additional information about Microfield is also available at <a title="http://www.microfield.com/" href="http://www.microfield.com/">www.microfield.com</a>.</p>
<p><strong>Forward-Looking Statements</strong><br />
This press release includes statements that may constitute “forward-looking” statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause or contribute to such differences that include, but are not limited to, competitive factors, the success of new products in the marketplace, dependence upon third party vendors, and the ability to obtain financing. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.</p>
<p>For further information, please contact:</p>
<p>Investor Relations:<br />
Randy Reed, Chief Financial Officer, Microfield Group, Inc.<br />
503-419-3580
</p>
]]></content:encoded>
			<wfw:commentRss>http://energyconnectinc.com/news/press-releases/2008/05/microfield-group-announces-completion-of-financing/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Innovative Solutions to Address the Nation’s Energy</title>
		<link>http://energyconnectinc.com/news/industry-articles/2008/05/innovative-solutions-to-address-the-nation%e2%80%99s-energy/</link>
		<comments>http://energyconnectinc.com/news/industry-articles/2008/05/innovative-solutions-to-address-the-nation%e2%80%99s-energy/#comments</comments>
		<pubDate>Mon, 05 May 2008 12:19:10 +0000</pubDate>
		<dc:creator>Scott Ameduri</dc:creator>
		
		<category>Industry Articles</category>

		<guid isPermaLink="false">http://energyconnectinc.com/news/industry-articles/2008/05/innovative-solutions-to-address-the-nation%e2%80%99s-energy/</guid>
		<description><![CDATA[The  advances in next generation demand response we are seeing today are only the  beginning. As more technologies such as smart meters, economic distributed solar  power, advanced storage, and enhanced software platforms enter the market, the  opportunities for demand response and other market driven opportunities will  increase dramatically.
 Interview with [...]]]></description>
			<content:encoded><![CDATA[<p><em>The  advances in next generation demand response we are seeing today are only the  beginning. As more technologies such as smart meters, economic distributed solar  power, advanced storage, and enhanced software platforms enter the market, the  opportunities for demand response and other market driven opportunities will  increase dramatically.</em></p>
<p><a href="http://www.automatedbuildings.com/news/may08/interviews/080424015620boucher.htm"> Interview</a> with Rod Boucher, CEO of Microfield Group, Inc. from the May 2008 Edition of AutomatedBuildings.com<a href="http://www.automatedbuildings.com/news/sep07/articles/energycon/070831104004energycon.htm"><br />
</a></p>
<p><a id="more-192"></a></p>
<p>Read the full interview at <a href="http://www.automatedbuildings.com/news/may08/interviews/080424015620boucher.htm">AutomatedBuildings.com</a>.
</p>
]]></content:encoded>
			<wfw:commentRss>http://energyconnectinc.com/news/industry-articles/2008/05/innovative-solutions-to-address-the-nation%e2%80%99s-energy/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Changing Illinois Market Dynamics with ABCs, Retailers</title>
		<link>http://energyconnectinc.com/news/events/2008/04/changing-illinois-market-dynamics-with-abcs-retailers/</link>
		<comments>http://energyconnectinc.com/news/events/2008/04/changing-illinois-market-dynamics-with-abcs-retailers/#comments</comments>
		<pubDate>Wed, 16 Apr 2008 22:00:53 +0000</pubDate>
		<dc:creator>Scott Ameduri</dc:creator>
		
		<category>Events</category>

		<guid isPermaLink="false">http://energyconnectinc.com/news/events/2008/04/changing-illinois-market-dynamics-with-abcs-retailers/</guid>
		<description><![CDATA[[ May 2, 2008; 12:00 pm to 1:30 pm. ] Live, interactive  audio conference presented by Restructuring Today
12:00-1:30 PM CDT



The number of  companies selling energy in Illinois has gone up from about a half dozen to 20  firms recently.  Leaders want competition to shine, to serve the  public.  The word has gotten out.  It's going to be a [...]]]></description>
			<content:encoded><![CDATA[<table class="ec3_schedule"><tr><td colspan="3">May 2, 2008</td></tr><tr><td class="ec3_start">12:00 pm</td><td class="ec3_to">to</td><td class="ec3_end">1:30 pm</td></tr></table><p>Live, interactive  audio conference presented by <em>Restructuring Today</em><br />
12:00-1:30 PM CDT</p>
<p><a id="more-191"></a></p>
<p>The number of  companies selling energy in Illinois has gone up from about a half dozen to 20  firms recently.  Leaders want competition to shine, to serve the  public.  The word has gotten out.  It&#8217;s going to be a big  market and marketers know it.</p>
<p>Join <em>Restructuring Today</em>, your colleagues and this panel of Illinois energy industry experts on May 2 from noon to 1:30 PM CDT for a live, interactive audio discussion on the changing Illinois market dynamics with ABCs and retailers.</p>
<p>For more information, visit <a title="www.restructuringtoday.com/products/department14.cfm" target="_blank" href="http://www.restructuringtoday.com/products/department14.cfm">www.restructuringtoday.com/products/department14.cfm</a>
</p>
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		<title>Chief Engineer Association of Chicagoland Vendor Fair</title>
		<link>http://energyconnectinc.com/news/events/2008/04/chief-engineer-association-of-chicagoland-vendor-fair/</link>
		<comments>http://energyconnectinc.com/news/events/2008/04/chief-engineer-association-of-chicagoland-vendor-fair/#comments</comments>
		<pubDate>Thu, 03 Apr 2008 23:47:00 +0000</pubDate>
		<dc:creator>Scott Ameduri</dc:creator>
		
		<category>Events</category>

		<guid isPermaLink="false">http://energyconnectinc.com/news/events/2008/04/chief-engineer-association-of-chicagoland-vendor-fair/</guid>
		<description><![CDATA[[ April 16, 2008; 4:00 pm to 9:00 pm. ] The White Eagle
6839 N. Milwaukee Avenue
Niles, Illinois



It will be a green affair at the Chief Engineers Association of Chicagoland (CEAC) Vendor Fair this year as hundreds of vendors and associate members display their energy efficient products and services to members and guests at this semi-annual event.

Doors open at 4:00 p.m.

For more information, visit www.chiefengineer.org]]></description>
			<content:encoded><![CDATA[<table class="ec3_schedule"><tr><td colspan="3">April 16, 2008</td></tr><tr><td class="ec3_start">4:00 pm</td><td class="ec3_to">to</td><td class="ec3_end">9:00 pm</td></tr></table><p>The White Eagle<br />
6839 N. Milwaukee Avenue<br />
Niles, Illinois</p>
<p><a id="more-190"></a></p>
<p>It will be a green affair at the Chief Engineers Association of Chicagoland (CEAC) Vendor Fair this year as hundreds of vendors and associate members display their energy efficient products and services to members and guests at this semi-annual event.</p>
<p>Doors open at 4:00 p.m.</p>
<p>For more information, visit <a target="_blank" href="http://www.chiefengineer.org/content/content_display.cfm/seqnumber_content/3309.htm">www.chiefengineer.org</a>
</p>
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		<title>EnergyConnect, Inc. Selected to Provide Demand Response Offerings to Southern California Edison&#8217;s Large Base of Customers</title>
		<link>http://energyconnectinc.com/news/press-releases/2008/03/energyconnect-inc-selected-to-provide-demand-response-offerings-to-southern-california-edisons-large-base-of-customers/</link>
		<comments>http://energyconnectinc.com/news/press-releases/2008/03/energyconnect-inc-selected-to-provide-demand-response-offerings-to-southern-california-edisons-large-base-of-customers/#comments</comments>
		<pubDate>Thu, 20 Mar 2008 18:00:27 +0000</pubDate>
		<dc:creator>Scott Ameduri</dc:creator>
		
		<category>Press Releases</category>

		<guid isPermaLink="false">http://energyconnectinc.com/news/press-releases/2008/03/energyconnect-inc-selected-to-provide-demand-response-offerings-to-southern-california-edisons-large-base-of-customers/</guid>
		<description><![CDATA[Commercial and industrial electricity consumers in southern California are invited to get paid for committing to reduce electricity use
 PORTLAND, OR&#8211;(BUSINESS WIRE)&#8211; EnergyConnect, a wholly owned subsidiary of Microfield Group, Inc. (&#8221;Microfield&#8221;) (OTCBB: MICG - News), and industry leader in innovative demand response technologies,today announced that it received approval from the     [...]]]></description>
			<content:encoded><![CDATA[<p><em>Commercial and industrial electricity consumers in southern California are invited to get paid for committing to reduce electricity use</em></p>
<p><a id="more-189"></a> PORTLAND, OR&#8211;(BUSINESS WIRE)&#8211; EnergyConnect, a wholly owned subsidiary of Microfield Group, Inc. (&#8221;Microfield&#8221;) (OTCBB: <a href="http://finance.yahoo.com/q?s=micg.ob&#038;d=t">MICG</a> - <a href="http://finance.yahoo.com/q/h?s=micg.ob">News</a>), and industry leader in innovative demand response technologies,today announced that it received approval from the        California Public Utilities Commission for a four-year contract to        provide 20 Megawatts of demand response in the Southern California        Edison service territory.</p>
<p>Demand response is designed to help ease the pressure on the nation’s largest electricity grids during times of peak demand. EnergyConnect&#8217;s innovative demand response products and services are part of the overall solution to address rising electricity demand and enable a smarter, more sustainable power grid, while creating additional profit for participating companies.</p>
<p>&#8220;We are very pleased that the California Public Utilities Commission has approved our four-year contract to provide demand response products and services to Southern California Edison&#8217;s large commercial and industrial customer base,&#8221; said Rodney M. Boucher, Chief Executive Officer of Microfield Group. &#8220;This        most recent contract extends our reach into southern California and represents the continued success and momentum behind EnergyConnect&#8217;s comprehensive and sustainable high-growth business model targeting a multi-billion dollar segment of the robust demand response industry.&#8221;</p>
<p>EnergyConnect&#8217;s contract was one of only four demand response contracts successfully negotiated with Southern California Edison, and subsequently approved by the California Public Utilities Commission. A total of seventeen contracts were initially submitted by a variety of demand response providers.</p>
<p>EnergyConnect&#8217;s proprietary web-based demand response platform provides real-time guidance and automated execution that allows participants to shape and curtail energy usage patterns in response to wholesale electric market prices or grid reliability issues. EnergyConnect&#8217;s industry leading expertise and real-time automated technology make it profitable for major industrial and commercial facilities to proactively control and manage their electricity consumption and generate new revenue by automatically        shedding load and shifting electricity usage when the electric grid is stressed.</p>
<p><strong>About EnergyConnect<br />
</strong>EnergyConnect, Inc., a wholly owned subsidiary of Microfield Group, Inc., provides industry leading Demand Response technologies and services that enable a smarter, more sustainable power grid while creating additional income for participating companies. EnergyConnect transforms energy consumers into active participants in delivering the cleanest, most efficient and lowest cost supply of electric energy available. The EnergyConnect web-based automated platform enables consumers of energy to participate in unprecedented profit opportunities in the wholesale market for electricity. For more information about this next generation technology, visit: <a title="http://www.energyconnectinc.com/" href="http://www.energyconnectinc.com/">www.energyconnectinc.com</a></p>
<p><strong>Forward-Looking Statements</strong><br />
This press release includes statements that may constitute “forward-looking” statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause or contribute to such differences that include, but are not limited to, competitive factors, the success of new products in the marketplace, dependence upon third party vendors, and the ability to obtain financing. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.</p>
<p>For further information, please contact:</p>
<p>Media Relations:<br />
Kate Casolaro,  <a href="mailto:kcasolaro@rasky.com">kcasolaro@rasky.com</a><br />
617-443-9933 x338</p>
<p>Investor Relations:<br />
Randy Reed, Chief Financial Officer, Microfield Group, Inc.<br />
503-419-3580
</p>
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		<title>Green Procurement Exposition &#038; Conference</title>
		<link>http://energyconnectinc.com/news/events/2008/03/green-procurement-exposition-conference/</link>
		<comments>http://energyconnectinc.com/news/events/2008/03/green-procurement-exposition-conference/#comments</comments>
		<pubDate>Thu, 13 Mar 2008 20:20:47 +0000</pubDate>
		<dc:creator>Scott Ameduri</dc:creator>
		
		<category>Events</category>

		<guid isPermaLink="false">http://energyconnectinc.com/news/events/2008/03/green-procurement-exposition-conference/</guid>
		<description><![CDATA[[ June 4, 2008; 8:00 am to 5:00 pm. June 5, 2008; 8:00 am to 5:00 pm. ] Navy Pier
Chicago IL

Mark your calendar for June 4 &#038; 5 in Chicago, IL, at the world famous Navy Pier, for a gathering of the best and brightest in procurement, purchasing, supply, and environmentally preferred products (EPP). Suppliers and Vendors from throughout the country will be gathered to display the latest in green products and services [...]]]></description>
			<content:encoded><![CDATA[<table class="ec3_schedule"><tr><td colspan="3">June 4, 2008</td></tr><tr><td class="ec3_start">8:00 am</td><td class="ec3_to">to</td><td class="ec3_end">5:00 pm</td></tr><tr><td colspan="3">June 5, 2008</td></tr><tr><td class="ec3_start">8:00 am</td><td class="ec3_to">to</td><td class="ec3_end">5:00 pm</td></tr></table><p>Navy Pier<br />
Chicago IL</p>
<p><a id="more-185"></a>Mark your calendar for June 4 &#038; 5 in Chicago, IL, at the world famous Navy Pier, for a gathering of the best and brightest in procurement, purchasing, supply, and environmentally preferred products (EPP). Suppliers and Vendors from throughout the country will be gathered to display the latest in green products and services available to business and government.</p>
<p>The Green Trade Show Conference will feature a 2-day educational track with sessions to enhance professional practices, facilitate cooperative buying, and highlight energy management and industry trends.</p>
<p>The Exhibition includes 215 booths, and more than 9 hours of dedicated exhibit time over two days. Attendees will get a chance to view, discuss and learn about the products and services being offered. More than 1,000 attendees are expected for this premiere show dedicated to gathering Procurement, Purchasing and Supply Chain Managers and EPP products/services under one roof.</p>
<p>For more information, visit <a target="_blank" href="hhttp://www.thegreenexposition.com">www.thegreenexposition.com</a>
</p>
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		<title>Microfield’s EnergyConnect Announces Substantial EnergyReserve Corps Registration</title>
		<link>http://energyconnectinc.com/news/press-releases/2008/03/microfield%e2%80%99s-energyconnect-announces-substantial-energyreserve-corps-registration/</link>
		<comments>http://energyconnectinc.com/news/press-releases/2008/03/microfield%e2%80%99s-energyconnect-announces-substantial-energyreserve-corps-registration/#comments</comments>
		<pubDate>Thu, 13 Mar 2008 13:00:20 +0000</pubDate>
		<dc:creator>Rasky</dc:creator>
		
		<category>Press Releases</category>

		<guid isPermaLink="false">http://energyconnectinc.com/news/press-releases/2008/03/microfield%e2%80%99s-energyconnect-announces-substantial-energyreserve-corps-registration/</guid>
		<description><![CDATA[Successful enrollment campaign is anticipated to generate significant revenue for 2008 and additional long-term contracts for leading demand response technology provider
Portland, OR – March 13, 2008:  EnergyConnect, a wholly owned subsidiary of Microfield Group, Inc. (MICG.OB), and industry leader in innovative Demand Response technologies, today announced that it has enrolled customers comprising nearly 200 [...]]]></description>
			<content:encoded><![CDATA[<p align="center"><em>Successful enrollment campaign is anticipated to generate significant revenue for 2008 and additional long-term contracts for leading demand response technology provider</em></p>
<p><a id="more-187"></a><strong>Portland, OR – March 13, 2008</strong>:  EnergyConnect, a wholly owned subsidiary of Microfield Group, Inc. (MICG.OB), and industry leader in innovative Demand Response technologies, today announced that it has enrolled customers comprising nearly 200 participating locations/facilities in the mid-Atlantic and Midwest-based PJM market in its 2008 EnergyReserve Corps. This EnergyConnect branded service integrates into PJM’s Interruptible Load Response program (ILR), and is designed to help ease the pressure on the nation’s largest electricity grid during times of peak summer demand.  EnergyConnect’s cutting-edge Demand Response services enable a smarter, more sustainable power grid while creating additional profit for participating companies.</p>
<p>Collectively, the newly enrolled participants are committed to reducing approximately 200 Megawatts (MW) of power when called upon, typically on the hottest days of the year.  This commitment, if met in full, could result in 2008 revenue of three times the revenue recorded in last year’s ILR program.  As compensation for their participation, EnergyConnect will remit to participants monthly standby payments.  Participants also earn additional payments when they fulfill their commitment to perform.</p>
<p>“We are pleased with the success of this targeted enrollment campaign and consider it further testament of EnergyConnect’s high-growth business model targeting the multi-billion dollar demand response industry,” said Randy Reed, Chief Financial Officer of Microfield Group.  “We look forward to working with these participants to fully leverage the opportunities available in today’s wholesale electricity market.”</p>
<p>“EnergyConnect’s products and services have revolutionized the way we manage our energy consumption, allowing us to reduce use and generate new revenue streams that can be directed towards future energy efficiency efforts,” said Ted Staniewicz, Director of Facilities at Delaware Valley College in Doylestown, PA.  “The program has launched a campus-wide spirit of energy conservation, and we are thrilled to be participating in this summer’s EnergyReserve Corps.”</p>
<p>In addition to the EnergyReserve Corps, EnergyConnect works throughout the year with electricity consumers, grid operators and utilities to implement strategies for bringing supplementary electricity on line quickly through demand response for less money than turning to high cost peaking power plants.  EnergyConnect tailors its industry leading Demand Response services to function with the capabilities of a wide range of facilities; including municipal and government institutions, hospitals, commercial buildings and manufacturing facilities.</p>
<p>EnergyConnect continues to enroll customers in its 2008 voluntary programs and is also providing participants with the option to lock in pricing now for the 2009 and 2010 EnergyReserve Corps.  To find out more about how companies are getting paid today for committing to reduce their energy usage, visit:  <a href="http://www.energyconnectinc.com/">www.energyconnectinc.com</a> or call:  866-488-7642.</p>
<p><strong>About EnergyConnect<br />
</strong>EnergyConnect, Inc., a wholly owned subsidiary of Microfield Group, Inc., provides industry leading Demand Response technologies and services that enable a smarter, more sustainable power grid while creating additional income for participating companies.  EnergyConnect transforms energy consumers into active participants in delivering the cleanest, most efficient and lowest cost supply of electric energy available. The EnergyConnect web-based automated platform enables consumers of energy to participate in unprecedented profit opportunities in the wholesale market for electricity.   For more information about this next generation technology, visit:  <a title="http://www.energyconnectinc.com/" href="http://www.energyconnectinc.com/">www.energyconnectinc.com</a></p>
<p><strong>Forward-Looking Statements</strong><br />
This press release includes statements that may constitute “forward-looking” statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause or contribute to such differences that include, but are not limited to, competitive factors, the success of new products in the marketplace, dependence upon third party vendors, and the ability to obtain financing. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.</p>
<p>For further information, please contact:</p>
<p>Media Relations:<br />
Kate Casolaro,  <a href="mailto:kcasolaro@rasky.com">kcasolaro@rasky.com</a><br />
617-443-9933 x338</p>
<p>Investor Relations:<br />
Randy Reed, Chief Financial Officer, Microfield Group, Inc.<br />
503-419-3580
</p>
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		<title>Microfield’s EnergyConnect Announces a Change in its Partnership Portfolio</title>
		<link>http://energyconnectinc.com/news/press-releases/2008/03/microfield%e2%80%99s-energyconnect-announces-a-change-in-its-partnership-portfolio/</link>
		<comments>http://energyconnectinc.com/news/press-releases/2008/03/microfield%e2%80%99s-energyconnect-announces-a-change-in-its-partnership-portfolio/#comments</comments>
		<pubDate>Wed, 12 Mar 2008 13:00:29 +0000</pubDate>
		<dc:creator>Rasky</dc:creator>
		
		<category>Press Releases</category>

		<guid isPermaLink="false">http://energyconnectinc.com/news/press-releases/2008/03/microfield%e2%80%99s-energyconnect-announces-a-change-in-its-partnership-portfolio/</guid>
		<description><![CDATA[Portland, OR – March 12, 2008:  EnergyConnect, a wholly owned subsidiary of Microfield Group, Inc. (MICG.OB), and industry leader in innovative Demand Response technologies, today announced changes in its partnership portfolio.
EnergyConnect has established marketing alliances with a range of partners across the growing demand response industry who benefit from access to the company’s next [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Portland, OR – March 12, 2008</strong>:  EnergyConnect, a wholly owned subsidiary of Microfield Group, Inc. (MICG.OB), and industry leader in innovative Demand Response technologies, today announced changes in its partnership portfolio.</p>
<p><a id="more-188"></a>EnergyConnect has established marketing alliances with a range of partners across the growing demand response industry who benefit from access to the company’s next generation demand response technology.  EnergyConnect also works directly with a growing list of electricity consumers, along with grid operators and utilities to implement strategies for bringing additional electricity on line quickly and for less money than turning to high cost peaking power plants.</p>
<p>While several partnerships have been instrumental in supporting EnergyConnect’s rapidly growing demand response business, the company and Constellation NewEnergy have decided to conclude a recent marketing alliance designed to cross-market EnergyConnect’s cutting-edge Demand Response services with Constellation NewEnergy’s industry leading commodity offerings.  Both companies will continue to work together as advocates for advancing Demand Response markets nationwide and the termination of their joint efforts will have no material impact on EnergyConnect’s 2008 operations or revenues.</p>
<p>“We view a collaborative approach to leveraging the opportunities available in the expanding demand response market as integral to developing a smarter and more sustainable power grid,” said Rodney M. Boucher, Chief Executive Officer of Microfield Group.  “We are committed to identifying and working with partners who are interested in providing their electric customers with access to our innovative Demand Response services.”</p>
<p><strong>About EnergyConnect<br />
</strong>EnergyConnect, Inc., a wholly owned subsidiary of Microfield Group, Inc., provides industry leading Demand Response technologies and services that enable a smarter, more sustainable power grid while creating additional income for participating companies.  EnergyConnect transforms energy consumers into active participants in delivering the cleanest, most efficient and lowest cost supply of electric energy available. The EnergyConnect web-based automated platform enables consumers of energy to participate in unprecedented profit opportunities in the wholesale market for electricity.   For more information about this next generation technology, visit:  <a title="http://www.energyconnectinc.com/" href="http://www.energyconnectinc.com/">www.energyconnectinc.com</a>For further information, please contact:</p>
<p>Media Relations:<br />
Kate Casolaro,  <a href="mailto:kcasolaro@rasky.com">kcasolaro@rasky.com</a><br />
617-443-9933 x338</p>
<p>Investor Relations:<br />
Randy Reed, Chief Financial Officer, Microfield Group, Inc.<br />
503-419-3580
</p>
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		<title>Microfield Announces Shareholder Approval of Sale of Christenson Electric Inc.</title>
		<link>http://energyconnectinc.com/news/press-releases/2008/03/microfield-announces-shareholder-approval-of-sale-of-christenson-electric-inc/</link>
		<comments>http://energyconnectinc.com/news/press-releases/2008/03/microfield-announces-shareholder-approval-of-sale-of-christenson-electric-inc/#comments</comments>
		<pubDate>Wed, 12 Mar 2008 00:00:10 +0000</pubDate>
		<dc:creator>Rasky</dc:creator>
		
		<category>Press Releases</category>

		<guid isPermaLink="false">http://energyconnectinc.com/news/press-releases/2008/03/microfield-announces-shareholder-approval-of-sale-of-christenson-electric-inc/</guid>
		<description><![CDATA[Sale will allow Microfield to focus on Demand Response Business EnergyConnect, Inc.

Portland, OR – March 11, 2008:  Microfield Group, Inc. (OTCBB:MICG), an innovator in the demand response marketplace, has announced that the company’s shareholders, in a meeting that took place at the company’s headquarters yesterday, voted to approve the sale of its subsidiary, Christenson [...]]]></description>
			<content:encoded><![CDATA[<p align="center"><em>Sale will allow Microfield to focus on Demand Response Business EnergyConnect, Inc.</em></p>
<p><a id="more-186"></a></p>
<p><strong>Portland, OR – March 11, 2008:  </strong>Microfield Group, Inc. (OTCBB:MICG), an innovator in the demand response marketplace, has announced that the company’s shareholders, in a meeting that took place at the company’s headquarters yesterday, voted to approve the sale of its subsidiary, Christenson Electric Inc., to the Christenson management team.  The closing will occur shortly.  Christenson is a full-service electrical contractor headquartered in Portland, Oregon.</p>
<p>“The sale of Christenson Electric is well-timed to allow Microfield’s management team to focus our attention on our fast-growing core business, EnergyConnect, Inc, a leader in innovative Demand Response technologies,” said Rodney M. Boucher, Chief Executive Officer of Microfield Group. “We are confident that Christenson will prosper under the leadership of the Christenson management team.”</p>
<p>EnergyConnect’s proprietary web-based Demand Response platform provides real-time guidance and automated execution that allows participants to shape and curtail energy usage patterns 24/7 in response to wholesale electric market prices.  EnergyConnect’s industry leading expertise and real-time automated technology makes it profitable for major industrial facilities to proactively control and manage their electricity consumption and generate new revenue by automatically shedding load and shifting electricity usage when the electric grid is stressed.</p>
<p>“The Microfield management team is committed to helping EnergyConnect grow and thrive in a market that increasingly recognizes the value of improving the efficiency and reliability of the nation’s electric grid,” said Randy Reed, Chief Financial Officer of Microfield Group. “EnergyConnect’s automated systems enhance the energy management capabilities of our direct participants and expand the offerings of our key partners, including Johnson Controls and Suez Energy North America; making EnergyConnect a leader in ushering in positive changes for the electric industry.”</p>
<p><strong>About Microfield Group, Inc.</strong><br />
Microfield Group is the first company to deploy market-disruptive energy automation technology in the demand response marketplace. Utilizing an industry-leading intellectual property portfolio, the Company’s EnergyConnect platform and technology enables large consumers of energy — such as buildings, campuses and factories — to exploit unprecedented revenue opportunities in the wholesale market for electricity.</p>
<p>Microfield’s senior management team has identified an initial $12 billion sector of the $300 billion market for electricity in the United States. This virtually untapped target market, consisting of large commercial, industrial and governmental energy consumers, is located within 20 of the nation’s largest metropolitan centers.</p>
<p>For investor-specific information and resources, including news and stock quotes, please visit <a href="http://www.trilogy-capital.com/autoir/micg_autoir.html">http://www.trilogy-capital.com/autoir/micg_autoir.html</a>.</p>
<p>For further information, please contact:</p>
<p>Media Relations:<br />
Kate Casolaro,  <a href="mailto:kcasolaro@rasky.com">kcasolaro@rasky.com</a><br />
617-443-9933 x338</p>
<p>Investor Relations:<br />
Randy Reed, Chief Financial Officer, Microfield Group, Inc.<br />
503-419-3580
</p>
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