ELK GROVE VILLAGE, Ill., Feb. 11, 2009 (GLOBE NEWSWIRE) -- Lime Energy (Nasdaq:LIME) announced today that it has promoted James G. Smith to President of Applied Energy Management (AEM), a subsidiary of Lime Energy. Previously, Mr. Smith was an Executive Vice President of AEM responsible for the development and operations of our ESCO related Services. His responsibilities included oversight and management of conceptual engineering and development, detailed engineering, budgeting and project implementation for the lighting and water conservation divisions, building envelope as well as mechanical, electrical and plumbing (MEP) for ESCO customers. Prior to joining AEM, Mr. Smith was Director of Engineering and Operations for DukeSolutions/Ameresco where he developed and managed numerous multi-million dollar contracts for a wide variety of industrial, commercial and governmental clients.
"Jim is an accomplished manager with more than 18 years experience in engineering, constructing and maintaining facility energy production, distribution and end use systems and equipment with a specific focus on energy and environmental cost reduction," stated John O'Rourke, Chief Operating Officer of Lime Energy. "He is uniquely qualified to lead AEM and grow this business at a time when energy efficiency and carbon footprint reduction are rapidly gaining prominence in the effort to lessen our dependence on foreign oil, improve our nation's energy security, and incorporate climate change as a key component to any future energy plan. One of the key components of AEM's delivery infrastructure is our regionally based Mechanical, Electrical, and Plumbing (MEP) companies, operating under the name of Landmark Services, offering the majority of our design/build/construct services in major markets on the East Coast. AEM is particularly well positioned to work with our ESCO partners to implement the expected multi-billion dollar spending by federal and state entities on energy efficiency as outlined in the proposed Economic Stimulus Bill," concluded Mr. O'Rourke.
About Lime Energy Co.
Lime Energy is a leading provider of energy efficiency and renewable energy design/build solutions. The Company performs energy efficiency engineering and consulting as well as the development and implementation of energy efficient lighting, HVAC, water, weatherization, and renewable energy solutions. Lime Energy's clients include commercial and industrial businesses, building owners, property management companies as well as federal, state and local government agencies through energy service company (ESCO) partners. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666
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FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in 2009 and beyond to differ materially from those expressed in, or implied by, these forward- looking statements. These risks are referenced in Lime Energy's current Annual Report on form 10-K or as may be described from time to time in Lime Energy's subsequent SEC filings; and such factors as incorporated by reference.