Contact:  Kathy Montgomery, VP of Marketing & Strategic Design
678.581.8225 or kmontgomery@prenova.com

ATLANTA, August 24, 2006 - Prenova, Inc., one of the nation’s largest energy management solutions providers, is pleased to announce that a major telecommunications provider and long-term customer has expanded their energy spend management five-fold. This extended service agreement, effective immediately, runs through December 2007.

The expansion of this customer contract brings Prenova's total managed portfolio to 116,000 sites and results in an annual energy spend of $3.5 billion under its management. The scope of work includes Prenova's Bill Data Management, Energy Price Risk Management (Supply) and the demand-side program service "You’ve Got The Power to be Green!_SM".

“Customers are demanding innovative energy solutions that can produce significant returns at a fraction of conventional costs and timeframes,” stated Ed Smith, CEO of Prenova.  "Our customers utilize Prenova’s solutions to fully leverage their existing energy assets, manage their energy risks and remove every possible dollar out of their energy-related operating costs. Results are dramatic, rapid, measurable and sustainable, allowing our telecommunications customers to turn these cost reductions into improved earnings performance along with enhanced network reliability by ensuring energy-related assets are performing efficiently and effectively.” 

Through its Bill Data Management solution, Prenova performs a series of powerful processes on this customer’s utility bill data, which is manually entered via Prenova Flex as this customer does not currently outsource Bill Payment. Prenova then cleanses and enriches the data, and conducts a powerful series of processes and algorithms on the data to identify bill errors (including rate and tariff reviews) and anomalies.  Prenova investigates and resolves all concerns identified as potential billing issues. Prenova then ensures that all corrections are sustained in subsequent bills. The corrected billing information is then available through Prenova’s web-based digital dashboard tool PreVue®. Prenova's PreVue web application is the "window" through which the customer views, understands, and manages the impact of energy initiatives and resulting improved performance. PreVue provides standard views of facility and portfolio performance for usage, cost, and asset life cycle trends, and offers quick links to all solutions rendered by Prenova.

Price Risk Management includes the continuous review of market conditions to assess and determine both the potential near-term and future impact on financial outlooks these market changes create for the customer’s energy supply portfolio in terms of potential savings or risks. Price discovery, and then the setting of a strike price by market, is a critical part of this solution. Prenova then develops strategies and plans for managing price and risk, recommends specific actions to the customer, executes the agreed actions, and performs Quality Assurance to ensure that changes are accurately implemented.

Prenova’s “You’ve Got The Power to be Green!_SM" solution is designed to eliminate waste and promote employee conservation habits. Conservation is more than good corporate policy; it’s critical for the future of our environment.  It is important that employees have the awareness and motivation to do their part to conserve – from the moment they walk into their workplace until lights out at the end of the day. Employees are encouraged via specific actions to develop energy efficient routines and are challenged to find additional ways to reduce usage with other workplace consumables. Recycling of consumables products such as paper, printer and toner cartridges, CDs, plastic, glass, aluminum is highlighted and strongly encouraged.

About Prenova

Founded in 1997 and headquartered in Marietta, GA, Prenova’s clean energy management solutions deliver economical, reliable, environmentally friendly energy to match our customers’ needs. Prenova’s unique delivery platform enables the company to leverage existing assets to produce immediate, enhanced investment returns through reductions in both direct (price, tariff, utility payments) and indirect (usage, assets, maintenance) energy costs. The result is an unrivaled level of hard dollar savings plus a sustained reduction in energy consumption and carbon gas emissions, all while improving the reliability of business operations.

Prenova is a premier energy conservator - our solutions maximize energy efficiencies in our customers’ operations. We link our customers’ facilities together with our technology and service solutions enabling customers to do more with less – the ultimate in conservation efforts. Prenova’s focus on optimizing assets and equipment yields a high impact outcome: significant reduction of energy costs, increased reliability of energy-related systems critical to business operations, and a dramatic reduction in harmful emissions. We drive asset efficiency to revolutionize energy conservation.

The value that Prenova creates for its customers is significant to their bottom line, and includes:

• Reduce energy consumption by 10-20%
• Reduce the price paid for energy by 2%-5%
• Reduce unplanned maintenance service call-outs by up to 70%
• Increase asset life by up to 30%

Prenova manages billions in annual energy expenditures across hundreds of thousands of customer locations across North America.  Some organizations that rely on Prenova include Brinker, Coldwater Creek, Costco, Crate & Barrel, Dollar Tree, Dunham’s Sports, Eddie Bauer, Famous Footwear, Home Depot, Mark’s Work Wearhouse, Quiznos, Seneca Foods, 24 Hour Fitness, U.S. Cellular and West Marine.

For more information, please visit www.prenova.com.