FOR IMMEDIATE RELEASE World Energy Solutions, Inc. Closes Exercise of December 5, 2006. Worcester, MA. World Energy Solutions, Inc. (TSX: XWE) is pleased to announce that it has completed the issuance of 3,000,000 shares of common stock at a price of CDN$1.05 (approximately US$0.92) per share for gross proceeds to the corporation of CDN$3,150,000, pursuant to the exercise by Sprott Securities Inc., Canaccord Capital Corporation and CIBC World Markets Inc. of their over-allotment option (the “Over-Allotment Option”). The Over-Allotment Option was granted to the underwriters to cover over-allotments in connection with World Energy's recently completed initial public offering. About World Energy World Energy is an energy brokerage company that has developed an online auction platform, the World Energy Exchange, through which energy consumers in the United States are able to purchase electricity and other energy resources from competing energy suppliers. While our core competency is brokering electricity, we have adapted our World Energy Exchange auction platform to accommodate the brokering of natural gas, green power, and certain other energy-related products.
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© 2006 World Energy, Inc. All rights reserved. This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities or any acceptance of an offer to buy these securities in any State, province or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to their registration or qualification under the securities laws of any such State, province or jurisdiction.
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