Channel Partnership leads to successful online auctions for energy
WORCESTER, MA, March 6 /CNW/ - World Energy Solutions, Inc. (TSX: XWE),
operator of leading online exchanges for energy and environmental commodities,
announced today the successful start to their channel partnership with GSE
Consulting, Inc, a national energy management and consulting firm that works
with municipalities and large commercial and industrial companies. Working
together, World Energy and GSE have already run several successful procurement
events that include Northrop Litton, HPI/GSA Texas and DMV Stainless.
World Energy and GSE began developing a relationship that has culminated
in the firm's signing on as a World Energy Channel Partner. GSE had been
looking for a proven platform that would help automate their energy
procurements and add transparency to the process.
Commentary & Quotes:
Jeremiah Collins, GSE Consulting, Inc.
"GSE prides itself on its comprehensive energy services portfolio, from
electricity and natural gas to green power and renewable energy. In order to
continue to service our customers most effectively, we must provide them with
every avenue of procurement to meet their energy requirements. Working with
World Energy, we're able to give our customers access to a broader supplier
network while employing a premier online auction platform. We are extremely
pleased with the initial results of our partnership and look forward to a
future full of fruitful transactions with World Energy."
Phil Adams, President and COO, World Energy Solutions, Inc.
"The partnership with GSE Consulting has been positive and beneficial
from the start, and with several initial auctions complete, we're excited to
see how the World Energy Exchange helps GSE enhance their customers'
experience and their savings. With two regional offices in Texas established
in 2007, World Energy's partnership with GSE Consulting further strengthens
our presence and commitment to the Texas market."
About GSE Consulting, Inc.
GSE Consulting is a national energy management and consulting company
headquartered in Dallas, Texas. GSE is comprised of energy professionals from
leading energy companies across the country offering value added services
reducing and managing energy costs. For more information visit
About World Energy Solutions, Inc.
World Energy operates leading online exchanges for energy and
environmental commodities. 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
40 billion kwh of electricity and one trillion cubic feet of natural gas. For
more information, please visit www.worldenergy.com.
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.
For further information:
For further information: Investor Relations: Phil Adams, World Energy
Solutions Inc., (508) 459-8100, firstname.lastname@example.org; or Craig Armitage, The
Equicom Group, (416) 815-0700, x278, email@example.com; Media
Relations: Julie Crotty, Horn Group, (781) 356-7100, firstname.lastname@example.org