Dencor Energy Cost Controls Announces Planned Merger With Reliable Power Systems; Dencor to Change Name to Reliable Power Systems Inc.

Business Editors

DENVER--(BUSINESS WIRE)--Feb. 14, 2001

Dencor Energy Cost Controls Inc. (OTCBB:DENC), a designer and manufacturer of energy savings systems and industrial and residential energy management systems, today announced that a wholly owned subsidiary of the company plans a merger with Reliable Power Systems Inc., a solutions provider in the power management and power reliability markets.

Dencor filed a DBA to conduct business under the name Reliable Power Systems. Dencor plans a shareholder meeting and intends to file an Information Statement with the Securities and Exchange Commission to ratify the transaction, elect a new board of directors, change its name to Reliable Power Systems Inc., approve the reverse split of the outstanding shares one (1) for eighteen (18) and address any other corporate matters.

The final merger of Reliable Power Systems Inc. into the Dencor Energy Cost Controls subsidiary will result in New West Capital, LLC, a Colorado-based venture capital and venture catalyst firm, owning 94.7 percent of the outstanding shares of Dencor Energy Cost Controls Inc. After the reverse split, Dencor will have 10,563,878 common shares and 300,000 Series B redeemable preferred shares.

"The market potential for our current products, along with the expertise and new technologies and products that Reliable Power brings, significantly expand the growth opportunities for the company," said Mike Moe, founder of Dencor. "At the same time, the current energy condition in California and the likelihood this condition will become more widespread, is creating renewed interest in the proven Dencor product offering. We are very excited about repositioning the company and being an integral part of the Reliable Power Systems business plan. This will allow us to exploit the growing need for power management products in the marketplace."

Reliable Power Systems Inc. and New West Capital, LLC chairman Tom Wiens was also elected chairman of Dencor Energy Cost Controls Inc. Wiens said: "We think the repositioning of Dencor into the Reliable Power Systems business plan has great promise, particularly in today's energy environment. We intend to augment the Dencor product line and focus on: 1) power quality and reliability technologies; 2) energy information management technologies; and 3) niche distributive generation. Numerous technologies have been developed in the United States over the last decade which have not yet made it to the marketplace. Reliable Power Systems intends to accumulate useful technology and bring these technologies to the market. The equity markets have shown great interest in companies operating in this area, and we believe that we can develop a meaningful market niche. Market conditions are driving this opportunity, and we believe there are numerous attractive opportunities in this market that can precede independently of the pace of regulatory reform."

About Dencor

Founded in 1974 as a designer and manufacturer of energy savings systems, Dencor Energy Cost Controls Inc. manufactures and markets electrical energy cost control devices and equipment which are sold primarily to distributors and dealers in the United States and Canada.

About Reliable Power Systems Inc.

Based in Denver, Reliable Power Systems Inc. plans to target the commercial and light industrial markets due to the strong need for power quality and reliability in these markets. For investor-related questions, please contact Jodi Bochert at 303/786-7000, ext. 261, or e-mail [e-mail].

The foregoing includes forward-looking statements related to the company's business prospects. Such statements are subject to one or more risks. Words such as "believes," "anticipates," "expects," "intends," "plans," "positions" and similar expressions are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. The actual results that the company achieves may differ materially from such forward-looking statements due to risks and uncertainties related to equity and financing arrangements, product development, market demand, management of business and product transitions and other such risks as noted in the company's regular filings with the Securities and Exchange Commission. Please refer to the company's Form 8-K, Form 10-K and Form 10-Q for a detailed description of such risks.