September 18, 2008
Moriah Central School Has Exceeded Expectations Set By Atlantic Energy Solutions
Atlantic Energy Solutions, Inc. (OTC:AESO) is pleased to announce that the actual energy savings realized by Moriah Central School District has significantly exceeded the original expectations set for the project.
The three phase Moriah Central School District energy efficiency project began ten years ago in 1998. The first phase provided the school district with a new roof system by Firestone, windows, lighting, new weatherization, Cleaver-Brooks boilers and a new building automation system by AutomatedLogic. Phase two consisted of Atlantic Energy acting in the capacity of a construction manager for a new addition in the Port Henry, NY school district.
The third and final phase of the project entailed designing and installing an off-grid, oil driven co-generation plant made by Cummings (NYSE:CMI). Upon completion of the project, it was anticipated that the school district would realize a 40% reduction in energy costs. To date that expectation has been far exceeded with actual savings to the district and its tax payers surpassing 60%.
Atlantic Energy Solutions is comitted to its mission of providing energy efficiency and savings to its customers long after the physical renovations are completed. In keeping with this mission Atlantic Energy monitors each of its client's energy efficiency from their U.S. headquarters in Saratoga Springs, NY, in an effort to ensure ongoing energy efficiency and customer service.
About Atlantic Energy Solutions Inc.
Atlantic Energy, founded in 1992, is a globally accredited Energy Efficiency and Resource Company and member of NAESCO (www.Naesco.org) that identifies, implements and finances energy efficiency projects designed to improve the overall efficiency of energy, water usage and renewable resources, reducing our dependency on foreign oil and diminishing our carbon footprint. Headquartered in Saratoga Springs, NY and with a satellite office in Fairfield, NJ, Atlantic Energy Solutions assesses the energy demands and usages of municipal, corporate and industrial complexes to improve conservation and apply measures to boaster savings at the consumer level.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Atlantic Energy Solutions Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.