ST. PETERSBURG, Fla., Aug. 3, 2007 (PRIME NEWSWIRE) -- World Energy Solutions, Inc. (OTCBB:WEGY), a company focused on energy conservation technologies and environmental sustainability, reports that it has formed a United Kingdom subsidiary to establish the international presence necessary to begin aggressively marketing its energy saving products and systems in Europe.
The new company, World Energy Solutions Limited, has protection as a UK company within the European Union and will become the European operating arm of World Energy Solutions, (WES) Inc. WES Group, a wholly owned subsidiary of the company, will conduct market research projects in Europe for its advanced products and systems currently under development in the U.S.
CEO of World Energy Solutions (WES), Ben Croxton, stated, "WES welcomes the incorporation of the UK Company which we intend to use as a base for penetrating European markets. Our long term plan is to introduce our products and technologies to a European market already well ahead of the U.S. in energy efficiency and related environmental protections for pollution and inefficient fuel and power usage."
World Energy Solutions, Inc. is a public company which trades on the NASDAQ OTCBB under the ticker symbol WEGY. The company's primary business focus is the development of technology for lowering electrical, gas and water usage for commercial, government and residential facilities. The company owns a novel system that not only purifies the air of microorganisms, but also rids indoor environments of chemical contaminants. Additionally, the company is in the advanced stages of developing a proprietary hydrogen/oxygen system. The WES hydrogen/oxygen powered internal combustion engine was successful in reducing the amount of gasoline required to power a car by methodically introducing hydrogen and oxygen into the fuel system to augment the gasoline. Through its gasoline substitution and removal of exhaust gases, the technology of HHO addresses the rising costs of fuel and the heightened need for environmental responsibility.
For more information about WES, please visit its website at www.wesinc.net.
Forward-Looking Statements: Certain matters discussed in this press release are "forward-looking statements." These forward-looking statements can generally be identified as such because the context of the statement will include words such as "expects," "should," "believes," "anticipates" or words of similar import. Similarly, statements that describe World Energy Solutions' future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, including the financial performance of World Energy Solutions, which could cause actual results to differ materially from those currently anticipated. Although World Energy Solutions believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, they cannot give any assurance that their expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating any forward-looking statements. Certain factors could cause results and conditions to differ materially from those projected in these forward-looking statements, and some of these factors are discussed below. These factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. These forward-looking statements are only made as of the date of this press release and World Energy Solutions does not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.