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Prenova’s Growth Exceeds Expectations
Prenova’s growth in 2007 and into 2008 has been the best in the company’s history

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

ATLANTA (March 31, 2008) – Prenova’s growth in 2007 and into 2008 has been the best in the company’s history.  With energy prices continuing to escalate, and the increasing interest in sustainable energy solutions to reduce carbon footprints, Prenova’ suite of enterprise energy management solution is extremely well positioned to take advantage of the surge in business.
"We are excited about the value that our technology-enabled solutions drive for both our customers and the environment,” said Michael Nark, President and CEO of Prenova. "Last year alone, we drove close to 1 billion in kWh savings for our customer base.  Given our unprecedented growth, and the growing interest in our ability to drive and sustain measureable value, we are moving to a new facility in Atlanta next month.  This move into Class A space will allow us to be more efficient in delivering our solutions to our customers, and will also allow us to become carbon neutral by 2010.”
Some of the growth highlights include the following:

    • Increase in customer base of over 50%
    • Increase in number of sites actively controlled for energy usage by almost 200%
    • Increase in core booked revenue of over 35%
    • Increase in number of employees by 30%

    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 produce immediate, enhanced returns through reductions in both direct (price, tariff, utility payments) and indirect (usage, assets, maintenance) energy spend. 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 40%
    • 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.