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Lime Energy Conference Call Scheduled for Today

June 16, 2008

ELK GROVE VILLAGE, Ill., June 16 /PRNewswire-FirstCall/ — Lime Energy Co. , will hold a conference call today, Monday June 16th at 4PM ET to discuss the Applied Energy Management, Inc. (AEM) acquisition announced last week.

Attending the call will be David Asplund, CEO of Lime Energy, Dan Parke, COO of Lime Energy and John O’Rourke, CEO of AEM.

Investors can access the call by calling toll free 800-599-9829 and use passcode 32318852. International callers can dial 617-847-8703 and use the same passcode.

The call will be available for replay until September 12th, 2008 by dialing toll free 888-286-8010 or 617-801-6888. The replay will require use of passcode 86147466.

The call can also be accessed through Lime Energy’s Investor Relations section of its website at http://www.lime-energy.com/ . This call is being webcast by Thomson/CCBN and is being distributed through the Thomson StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at http://www.fulldisclosure.com/ , Thomson/CCBN’s individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson’s password-protected event management site, StreetEvents (http://www.streetevents.com/).

About Lime Energy

Lime Energy is a leading provider of energy efficiency solutions that reduce energy consumption and carbon emissions. Lime brings together more than 75 years of cumulative experience in providing customers with solutions that generate immediate savings and high returns on invested capital. The company’s stock is traded on the NASDAQ Capital Market under the symbol LIME. Additional information is available at the company’s website at http://www.lime-energy.com/ or by calling 847-437-1666.

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,”"plans,”"should,”"typical,”"preliminary,”"work toward,” 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 the remainder of 2008 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These risks are referenced in the company’s current Annual Report on form 10-K or as may be described from time to time in subsequent SEC filings.

   Investor Relations   Glen Akselrod, Bristol Capital Ltd.   Telephone (905) 326-1888   E-mail: glen@bristolir.com  

Lime Energy Co.

Contact: Investor Relations, Glen Akselrod of Bristol Capital Ltd.,+1-905-326-1888, glen@bristolir.com

Web site: http://www.lime-energy.com/




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