World Energy names Philip V. Adams as President

    Adams Brings 15 Years of Executive Leadership to Expanded Role

    WORCESTER, MA, Oct. 11 /CNW/ - World Energy Solutions, Inc. (TSX: XWE),
the operator of leading online exchanges for energy and energy-related
products, today announced Chief Operating Officer, Philip V. Adams has also
been named President of the organization. Adams joined World Energy in 2003 to
help bolster the company's market presence. As President, Adams will direct
the company's strategic resources across its retail, wholesale and
environmental product lines as the company strives to provide customers with
the most efficient, effective means to buy and sell energy and green
    "Phil has been an invaluable contributor to the success of World Energy
at both the operational and strategic level in his role as COO. Our rapid
growth has created the need for him to provide that leadership across a
broader front," said CEO Richard Domaleski. "The company is more committed
than ever to meeting the changing needs of our customers and suppliers by
offering more flexible product options as well as addressing the evolving
environmental-related needs of state, federal and local governments as well as
global corporations. To meet this challenge, we will leverage Phil's energy
and commitment as President across the entire organization."
    "I believe that World Energy is in a strong position to gain market share
in an industry that continues to seek transparency, liquidity and a proven
means of transacting energy and green credit commodities," commented Adams.
"We have a significant opportunity to create an efficient marketplace that can
address one of the world's most pressing problems - global warming. From both
personal and professional perspectives, I am excited to take on this difficult
and important opportunity in an expanded role with the company."

    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 40 billion
kwh of electricity, 700 million kwh of green power and Renewable Energy
Certificates (RECs) and one trillion cubic feet of natural gas. For more
information, please visit

    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, James Parslow, World Energy
Solutions Inc., (508) 459-8100,; Craig Armitage, The
Equicom Group, (416) 815-0700 x278,; Media
Relations, Julie Crotty, Horn Group, Inc., (781) 356-7100,

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