Lime Energy Sells Mechanical Service Business to Worth & Company, Inc.

  Lime Energy Sells Mechanical Service Business to Worth & Company, Inc.

Business Wire

HUNTERSVILLE, N.C. -- November 6, 2013

Lime Energy (NASDAQ: LIME) today announced that it has sold the assets of
Landmark Service Company, LLC, to Worth & Company, Inc. Landmark Service
focuses on providing mechanical servicing to commercial and industrial
customers in Pennsylvania and surrounding regions.

Worth is the leading mechanical systems provider in the Mid-Atlantic and will
assume Landmark Service’s contracts and certain liabilities. The majority of
Landmark Service’s employees will become employees of Worth.

Lime Energy, a leading provider of energy efficiency solutions for utilities,
completed this sale as part of its increased focus on utility direct install
programs, the fastest growing segment of the energy efficiency space. “This
sale reinforces Lime’s commitment to serving its growing list of utility
clients, and to dedicate the corporate resources necessary to maintain its
track record of exceeding program savings goals and delivering customer
satisfaction,” says John O'Rourke, Lime’s Chief Executive Officer.

About Lime Energy Co.

Lime Energy is building a new energy future. As a leading national provider of
energy efficiency for small business customers, Lime designs and implements
direct install programs for our utility clients which consistently exceed
program savings goals. Our award-winning, integrated services programs provide
utilities with reliable energy efficiency resources while delivering the
highest levels of customer satisfaction. This next generation approach is
helping utilities across the country to go deeper and broader with the
cheapest, cleanest and fastest energy resource that we have – energy
efficiency.

FORWARD-LOOKING STATEMENTS

This news release includes forward-looking statements within the meaning of
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995 including statements that reflect Lime Energy's current expectations
about its future results, performance, prospects and opportunities. Lime
Energy has tried to identify these forward-looking statements by using words
and phrases such as "may," "expects," "anticipates," "believes," “potential,”
“hope,” "intends," "estimates," "plan," "should," "typical," "preliminary," or
similar expressions. These forward-looking statements are based on information
currently available to Lime Energy and are subject to a number of risks,
uncertainties and other factors that could cause Lime Energy's actual results,
performance, prospects or opportunities to differ materially from those
expressed in, or implied by, these forward- looking statements. These risks
include our ability to continue to grow and expand our utilities business and
those described in Lime Energy's most recent Annual Report on Form 10-K or as
may be described from time to time in Lime Energy's subsequent SEC filings;
such factors are incorporated here by reference.

Contact:

Lime Energy
Karen Pigg, 704-892-4442
kpigg@lime-energy.com
 
Press spacebar to pause and continue. Press esc to stop.