
FOR IMMEDIATE RELEASE
World Energy Names David Bat Senior Vice President of Sales
January 31, 2007. Worcester, MA. World Energy Solutions, Inc. (TSX: XWE) announced today that David Bat has been named senior vice president of sales. Bat brings over 20 years of diversified energy experience to World Energy, including working with commercial, industrial and government customers along with aggregators, brokers and consultants.
Before joining World Energy, Bat served as vice president and general manager for Constellation New Energy, where he led the Texas retail business unit to become the third largest commercial and industrial (C&I) electricity provider in ERCOT. Prior to Constellation, Bat led the development of Chevron Energy Solutions for Chevron Corporation, in which he built a supply-side consulting business to serve commercial, industrial and government/institution customers.
"I see my new role with World Energy as an extension of my commitment to the deregulated marketplace, driving further efficiencies into the market both to reduce supplier acquisition costs and to deliver lower energy prices for customers," said Bat. "I also see the World Energy exchange as the platform of choice for brokers, consultants, demand side firms, utilities and other wholesale players looking for a proven procurement solution that also supports Sarbanes-Oxley compliance. The World Energy Exchange has executed transactions worth over $2 billion in electricity, natural gas, fuels and emissions credits and has over 200 registered suppliers, creating what I believe is the premier platform for the space."
"We are extremely pleased to have attracted one of the most accomplished executives in the deregulated energy market to our senior team," commented Richard Domaleski, World Energy's CEO. "David's reputation speaks for itself and we look forward to supporting him in extending our national footprint and deepening our Texas presence."
About World Energy Solutions, Inc.
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. To date the company has brokered over 27 billion kilowatt hours of electricity and 63 million decatherms of natural gas.
This press release contains forward-looking statements that are subject to risks, uncertainties that could cause actual results to differ from those indicated in the forward looking statements. Such risks and uncertainities include, but are not limited to: that our revenue is dependent on actual future energy purchases pursuant to completed procurements; the demand for our services is effected by changes in regulated prices or cyclicality or volatility in competitive market prices for energy; Our dependence on a small number of key energy consumers, suppliers and channel partners; factors outside our control affect transaction volume in the electricity market; and other factors identified in our Registration Statement on Form S-1 and subsequent reports filed with the Securities and Exchange Commission
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