FOR IMMEDIATE RELEASE World Energy Names Senior Vice President of Corporate Marketing July 10, 2007. Worcester, MA. World Energy Solutions, Inc. (TSX: XWE), the operator of leading online exchanges for energy and energy-related products, today announced the appointment of Eric G. Alam to the position of senior vice president of corporate marketing. Alam, who has served in a variety of senior level positions since beginning his energy career in 1985 with Entrade Corporation, said, “I’m excited to be part of the World Energy team. As our industry continues to mature, it is clear to me that online exchanges represent the future of energy transactions, and World Energy represents the future of online exchanges. World Energy’s combination of advanced technology, solid process and impressive market knowledge create the right answer for buying and selling energy and green products in an industry that has relied on paper for too long.” In 1992, following Entrade’s acquisition by Tenneco Inc., Alam was named vice president of sales for Tenneco, where he drove the development of a $30MM net income business, a venture featured in Fortune magazine. From 1993-96, as a vice president with Enron Corp., his team developed integrated energy solutions combining financing, project development and asset management with commodity sales. Leaving Enron for a senior vice president role with Penn Union, Alam was key to developing and implementing direct and indirect sales channels for wholesale and retail energy markets. He later helped facilitate the sale of Penn Union Energy to Columbia Energy Services. In 1996 Alam helped found Skipping Stone Inc., one of the fastest growing consulting firms in the industry at that time. After Skipping Stone was acquired by the company that became Commerce Energy Group, he was named senior vice president of sales and marketing. As part of the new executive team, he played a key role in the company’s turnaround; moving from a $23M loss to an operational break even in 14 months. Immediately prior to joining World Energy Alam founded The Gardner Group, providing strategic advisory services to energy market participants. Alam holds a Bachelor of Science degree in economics and business administration from Vanderbilt University. About World Energy Solutions, Inc. World Energy operates leading online exchanges for energy and energy-related products. Our proven approach provides market intelligence, promotes liquidity, and creates price transparency for all market participants, enabling our customers to transact with confidence and to seek the best possible price. To date, the company has transacted over 32 billion kwh of electricity, 500 million kwh of green power and Renewable Energy Certificates (RECs) and one trillion cubic feet of natural gas. For more information, please visit www.worldenergy.com. For Additional Information, contact:
Forward Looking Statements This press release contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ from those indicated in the forward looking statements. Such risks and uncertainties include, but are not limited to: our revenue is dependent on actual future energy purchases pursuant to completed procurements; the demand for our services is affected by changes in regulated prices or cyclicality or volatility in competitive market prices for energy; we depend on a small number of key energy consumers, suppliers and channel partners; there are factors outside our control that affect transaction volume in the electricity market; and there are other factors identified in our Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission..
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