Electric City Corp. Schedules 2004 Second Quarter Results and Company Update Conference Call; Call to Focus on VNPP Expansions Under Development.ELK GROVE VILLAGE Elk Grove Village, village (1990 pop. 33,429), Cook and Du Page counties, NE Ill., a suburb of Chicago; inc. 1956. With a population of c.100 at the time of its establishment on open farmland, the village has grown dramatically and steadily, largely because of its , Ill. -- Electric City Corporation (AMEX AMEX See: American Stock Exchange :ELC ELC Early Learning Centre (UK) ELC Environmental Law Centre (Canada) ELC Environmental Learning Center (Vero Beach, FL) ELC Education Law Center ELC Early Learning Coalition ), a leading developer, manufacturer and integrator of energy savings technologies, negative power systems and building automation systems today announced that it will hold its 2004 Second Quarter Results and Company Update Conference Call at 4:15 PM Eastern Time on Thursday, August 26, 2004. Management of Electric City will focus on the following topics during the call. --Second Quarter results and deferral of ComEd revenue into subsequent quarters. --A planned development of a very large scale Virtual Negawatt Power Negawatt power is a term coined for an arbitrage way of supplying additional electrical energy to consumers without increased generation capacity by the creation of a market for trading of increased efficiency. The concept was introduced by Amory Lovins in a 1989 speech. Plan project for electricity trading focused on several ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. trading markets in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. with a major national power trading group. --Initial efforts to develop a 100 MW Virtual Negawatt Power Plan project starting in 2005 and set to be completed by December of 2007 in Ontario, Canada. --An initial agreement to work towards the doubling the ComEd VNPP program presently under development in Illinois from 50 Megawatts to 100 Megawatts. --Update on Xcel Energy VNPP program in Denver. --Continued success in signing new customers for participation in the ComEd VNPP as well as agreements with these customers to participate in other VNPP development projects across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . --Discussion of progress on additional VNPP systems currently under negotiation. Investors can access the call by dialing toll free 800-901-5247. International callers can dial 617-786-4501. Once prompted, participants will be required to enter passcode 66403843. The call will be available for replay until September 26th, 2004 by dialing toll free 888-286-8010 or 617-801-6888. The replay will require the use of passcode 37724987. The call will be accessible by webcast on Electric City's website www.elccorp.com investors section. The call will also be accessible by webcast over CCBN's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN's individual investor center at www.fulldisclosure.com or by visiting any of the investor sites in CCBN's Individual Investor Network. Institutional investors can access the call via CCBN's password-protected event management site, StreetEvents (www.streetevents.com). About Electric City Corp. Electric City is a leading developer, manufacturer and integrator of energy savings technologies and building automation systems. The Company currently markets the EnergySaver(TM) and the GlobalCommander(R) energy conservation technologies, as well as its independent development of scalable, negative power systems under the trade name, Virtual "Negawatt" Power Plan "VNPP"(R). Electric City is based in Elk Grove Village, Illinois Elk Grove Village is a municipality located in northeastern Illinois adjacent to O'Hare International Airport and the City of Chicago. Elk Grove Village encompasses 10.9 square miles in land area with 10.5 square miles located in Cook County and 0. and is traded on The American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. under the symbol ELC. Additional information is available at the Company's website at www.elccorp.com or by calling 847-437-1666. FORWARD LOOKING STATEMENTS This news release includes forward-looking statements within the meaning of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 including statements that reflect Electric City's current expectations about its future results, performance, prospects and opportunities. Electric City has tried to identify these forward-looking statements by using words and phrases Words and Phrases® A multivolume set of law books published by West Group containing thousands of judicial definitions of words and phrases, arranged alphabetically, from 1658 to the present. such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Electric City and are subject to a number of risks, uncertainties and other factors that could cause Electric City's actual results, performance, prospects or opportunities in the remainder of 2004 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These risks include those related to the Company's execution of its 50 MW VNPP project with Commonwealth Edison and the programs with Xcel Energy and Enersource mentioned above. Other risks include those related to the possible expansion of current VNPP projects and new projects under discussion, including contract documentation, regulatory risks and electric market structures. Other risks are referenced in Electric City's current Annual Report on form 10-KSB or as may be described from time to time in Electric City's subsequent SEC filings; and such factors as incorporated by reference. |
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