Electric City Signs 19th Exclusive State Distributorship.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.--(BUSINESS WIRE)--July 6, 1999-- Electric City Corp. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : ECCC ECCC Electronic Colloquium on Computational Complexity ECCC East Central Community College ECCC Electronic Commerce Council of Canada ECCC Eastern Collegiate Cycling Conference ECCC European Communities Chemistry Council ECCC Essex County Cricket Club ) announces today that Curtis Vernon of Resorts International Services, a product wholesaler operating successfully in the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century , has acquired the exclusive rights to distribute Electric City Corp.'s EnergySaver product line for Northern California. In it's first year, the Northern California agreement has guaranteed sales of $480,000; year 2 sales quotas amount to $2.4 million. In April, Mr. Vernon acquired the exclusive rights for both Colorado and Nebraska; and in June Mr. Vernon acquired the exclusive rights for Arizona. To date, Electric City Corp. has entered 19 exclusive distribution agreements which have first year guaranteed sales of nearly $4.5 million. "Once I realized the marketability and unbelievable possibilities of this phenomenal product, I purchased exclusive rights to Colorado, Nebraska, Arizona, and now Northern California," stated, Curtis Vernon. He then went on to say, "The chance to give this money saving opportunity to as many clients as possible, has made myself and my customers very pleased." "I am very satisfied that Curtis has successfully brought in our 19th exclusive distributorship, for Northern California," said Joseph C. Marino, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Chairman of the Board. "Keeping this in mind gives us a chance to allow the EnergySaver family to grow rapidly." Mr. Marino went on to say. The EnergySaver: State of the Art Lighting Control Technology is a proprietary energy management system designed to reduce the cost of lighting. These savings are achieved without a loss in essential brightness and without reducing the number of hours the lights are used. Electric City Corp.(www.electriccityeccc.com), located in Elk Grove Village, ILL., is an energy technology and manufacturing company created to introduce this State of the Art Lighting Control Technology to the United States after 17 years of success in Europe. Electric City Corporation markets and manufactures the EnergySaver products that offer savings in the range of 20% to 50% to the commercial sector on their utility bills and lighting related expenses. Some of Electric City's clients include, Frito Lay Inc. a subsidiary of PepsiCo INC (NYSE NYSE See: New York Stock Exchange : PEP), Tru Vue, a subsidiary of APOGEE ENTR ENTR Embedded National Tactical Receiver (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : APOG) and automobile dealerships including Ford and Dodge. Except for the historical information contained herein, this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. The Company's future actual results could differ materially from the forward-looking statements discussed herein. |
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