Posted: Jan 20, 2010

Prenova Delivers Record Performance in 2009

Atlanta, GA - January 20th, 2010 - Prenova, Inc., a privately held energy services provider managing over $2 billion in energy spend for dozens of leading brands, today announced results for its fiscal fourth quarter and year end, dated December 31st 2009. Revenue for the year was up over 30% as the company recorded its highest quarterly sales ever. Prenova delivered quarter-over-quarter recurring revenue growth for the fourteenth consecutive quarter, with Q4 sales increasing 46% over the same period in 2008. Financial results for 2009 also included a 94% improvement in EBITDA versus the previous year.

“Saving money is on everyone’s minds these days,” said Michael J. Nark, Prenova’s President and Chief Executive Officer, “but few companies realize how much they waste on energy, either because the rates they pay are higher than they should be or because they allow equipment to run when it isn’t necessary. Prenova helps customers control energy spend by reducing energy supply costs and minimizing energy consumption. The ability to address both supply and demand-related issues is one of the keys to our success.”

Additional 2009 highlights include:

• Delivered over $100 million in energy savings to customers
• Grew customer base by 25%
• Processed and paid over 1.5 million utility bills
• Helped customers avoid over 16,000 unscheduled service calls
• Added refrigeration monitoring
• Expanded capabilities to include energy-centric field services
• Launched Demand Response solution

Prenova helps its customers better understand their energy costs, how those costs compare with other companies in their industry, and how they can reduce costs through a combination of services. Prenova’s
Supply-side solutions include Energy Procurement and Utility Management services. On the demand side, the company provides Remote Monitoring of HVAC, lighting, refrigeration, and other critical building systems. Prenova’s Energy Consulting unit performs energy audits, installs energy management technologies, and helps companies take advantage of rebates offered by many utilities.