Metretek Technologies Confirms Publix as Source of Previously Announced $50 Million in New Business
14 6월 2007 - 7:30PM
Business Wire
Citing a press release issued yesterday by Publix Super Markets,
Inc. (OTCBB:PUSH), Sidney Hinton, president and chief executive
officer of Metretek Technologies, Inc. (AMEX:MEK), confirmed that
Publix is the source of $50 million in new business announced on
March 26, 2007 by PowerSecure, Inc., a wholly owned subsidiary of
Metretek Technologies. According to the Publix press release, the
company will expand its generator program to cover all of its
Florida locations where the installation of distributed generation
systems is reasonable and practical. "PowerSecure has worked hard
to earn the trust, respect and confidence of Publix during the
implementation of earlier phases of the program," said Hinton, "and
we are gratified to see Publix reciprocate by identifying
PowerSecure and awarding it this additional work. "Publix is making
a significant investment to serve its customers and communities,
and this expansion means that � where reasonable and practical �
all Publix locations in Florida will now have a full generating
system encompassing backup power and peak-shaving capabilities,"
added Hinton. "Publix is acknowledged to be a leader among its
peers in customer service and best practices, and we believe it is
a powerful endorsement of our industry-leading position in
distributed generation that Publix has again selected PowerSecure
to address its needs. We are truly honored to have been entrusted
by a company of Publix's stature with the responsibility of
implementing this expansion." About Metretek Technologies: Metretek
Technologies, Inc. through its subsidiaries � Southern Flow
Companies, Inc.; PowerSecure, Inc.; and Metretek, Incorporated
(Metretek Florida) � is a diversified provider of energy
measurement products, services and data management systems to
industrial and commercial users and suppliers of natural gas and
electricity. Safe-Harbor Statement: All forward-looking statements
contained in this release are made within the meaning of and
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are all
statements other than statements of historical facts, including but
not limited to statements concerning the business operations and
prospects for the Company and its subsidiaries; and all other
statements concerning the plans, intentions, expectations,
projections, hopes, beliefs, objectives, goals and strategies of
management, including statements about other future financial and
non-financial items, performance or events and about present and
future products, services, technologies and businesses; and
statements of assumptions underlying the foregoing. Forward-looking
statements are not guarantees of future performance or events and
are subject to a number of known and unknown risks, uncertainties
and other factors that could cause actual results to differ
materially from those expressed, projected or implied by such
forward-looking statements. Important risks, uncertainties and
other factors include, but are not limited to, risks, uncertainties
and other factors identified from time to time in the Company's
Annual Report on Form 10-K for the year ended December 31, 2006, as
well as in subsequent filings with the Securities and Exchange
Commission, including reports on Forms 10-Q and 8-K. Accordingly,
there can be no assurance that the results expressed, projected or
implied by any forward-looking statements will be achieved, and
readers are cautioned not to place undue reliance on any
forward-looking statements. The forward-looking statements in this
press release speak only as of the date hereof and are based on the
current plans, goals, objectives, strategies, intentions,
expectations and assumptions of, and the information currently
available to, management. The Company assumes no duty or obligation
to update or revise any forward-looking statements for any reason,
whether as the result of changes in expectations, new information,
future events, conditions or circumstances or otherwise.
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