EnergyConnect Announces Change in Assigned Ticker Symbol
Company consolidates leading industry brand of next generation demand response
Lake Oswego, OR –(BUSINESS WIRE)– EnergyConnect Group, Inc. (OTCBB: ECNG - News), an industry leader in innovative demand response technologies, today announced that on October 14th the Company’s quotation ticker symbol will change from MICG to ECNG. This is effective immediately and will not have any impact on the company’s organizational structure or day-to-day operations.
This is the next step in consolidating the EnergyConnect brand,” stated Rod Boucher, CEO of EnergyConnect Group. “This change reduces confusion and adds clarity for our customers, partners and shareholders.”EnergyConnect is focused on helping companies regain control of their energy costs and generate recurring revenue by voluntarily reducing electricity usage in response to high market pricing or regional shortages.
Headquartered in Lake Oswego, OR, EnergyConnect has offices throughout the United States, including operations and support centers in Campbell, CA and Phoenix, AZ. Regional sales, engineering, and support offices are located in Philadelphia; Pittsburgh; Chicago; New York City; Boston; Washington, DC; Richmond, VA; Youngstown, OH; Milwaukee; Los Angeles and San Jose.
About EnergyConnect, Inc.
EnergyConnect provides industry leading demand response technologies and services that enable a smarter, more sustainable power grid while creating additional income for participating companies. The EnergyConnect web-based automated platform enables consumers of energy to participate in unprecedented incentive opportunities by cutting back power when the grid needs it the most. Demand response is the cleanest, most efficient and lowest cost solution for meeting the nation’s growing power needs. For more information about this next generation technology, visit: www.energyconnectinc.com. For investor information, visit: www.energyconnectinc.com/investors/.
Forward-Looking Statements
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.
For further information, please contact:
Media Relations:
Angela Bonarrigo, abonarrigo@rasky.com, 617.443.9933 x320
Investor Relations:
Randy Reed, Chief Financial Officer, EnergyConnect Group, Inc., 503.419.3580
or
Glen Akselrod, Brisol Capital, glen@bristolir.com, 905.326.1888
Posted on Tuesday, October 14th, 2008 - Press Releases