NEW YORK, NY - December 11, 2013 - Green Energy Management Services Holdings, Inc. (OTCQB: GRMS), a full service energy efficiency management company ("GEM" or the "Company"), announced today the appointment of Thomas Spinelli as the Chairman of its Board of Directors. Mr. Spinelli brings extensive energy efficient, product manufacturing experience to assist with GEM's expected future growth in the energy efficiency management sector. Mr. Spinelli, an inventor and patent holder, is President and founder of MHT Lighting ("MHT"), a manufacturer of specialty lighting, including proprietary LED products, induction lights, and street lights, all of which employ cutting edge energy efficient technologies. MHT has sold thousands of lighting and energy efficiency products since its inception. Mr. Spinelli is also the CEO of Power Metrics International, Inc. ("PMI"), the holder of patent pending technology and UL approved proprietary energy management systems. PMI's technology focuses on reducing the energy costs of MHT's industrial and commercial clients.
GEM and MHT have successfully collaborated on several energy saving ventures, most notably at Co-Op City in the Bronx, New York, where the companies installed energy savings lighting products on a shared savings plan, resulting in several millions of dollars in energy cost savings for the client. Mr. Spinelli noted, "I am pleased to join GEM and assist its management team in its efforts to grow the Company and execute ongoing energy savings projects. Being very familiar with GEM's business, through past experience, I hope to assist in accelerating GEM's strategy in the energy sector and help continue to enhance shareholder value."
John Tabacco, CEO & President of GEM, said, "We are extremely excited to add Mr. Spinelli's years of lighting, technology and energy management expertise to our team. We believe that our addressable market presents multi-million dollars' worth of actionable opportunities for us on the horizon and having Tom's leadership gets us one step closer to effecting our strategic plans. Mr. Spinelli's unique skill set will provide us a tremendous advantage in executing our core strategy of delivering U.S. manufactured, best in kind green energy efficient technologies, through energy efficiency savings contracts."
GEM also announced the formation of an Executive Advisory Board to work with the Company's CEO on emerging opportunities, market demographics and macro strategic development. To chair the Executive Advisory Board and lead the search for its members, GEM appointed David Paterson, former Governor of New York from 2008-2010. "The Governor's lifelong commitment to public service and the network of relationships he has built in over 30 years of serving the State of New York, positions GEM to have a proven leader with the know-how and capacity to expand GEM's market opportunity base. The Governor's experience will help GEM navigate the grant, tax credit and governmental relations process associated with many emerging green energy opportunities. The Governor's lifelong commitment to public service gives GEM a significant competitive advantage in identifying available programs and availability of funding to execute GEM's energy savings programs," added Mr. Tabacco.
"I am pleased and excited to be working with John Tabacco, Thomas Spinelli, and the entire GEM team, as they work to expand their reach in the energy management sector," said Paterson. "Green energy Management will continue to provide exciting alternatives for consumers everywhere and their resulting benefits will be felt for generations to come. GEM has already been a leader in the field and today's announcement of Mr. Spinelli as Chairman of the Board exhibits a clear, decisive vision for the future. I look forward to bringing my experience and insight to the team and being a part of that future."
About Green Energy Management, Inc.
Green Energy Management Services Holdings, Inc. is a full service provider of energy saving alternatives for a various array of commercial buildings and manufacturing facilities. Utilizing proprietary technology and design, the Company provides, lighting, electrical, and water savings products at little or no cost to the owner, while recovering its revenue from the recognized savings. The Company offers these services on a nationwide basis. Please visit www.gempowered.com for more information.
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the Company and its business could cause the Company's actual results to differ materially from those indicated in any forward-looking statements. These and other factors are identified and described in more detail in the Company's filings with the U.S. Securities and Exchange Commission (the "SEC"), including the Company's Annual Report on Form 10-K filed with the SEC on April 16, 2013. The Company does not undertake to update these forward-looking statements.
Green Energy Management Services Holdings, Inc.
SOURCE: Green Energy Management Services Holdings, Inc.