UtiliPoint International, Inc. Receives Investment
Albuquerque, New Mexico-July 30, 2007-UtiliPoint International, Inc., announces that EnerCon Global is making an investment in the company to fund its rapid growth. UtiliPoint International, Inc. provides research, analysis, and consultancy related services to the utility industry.
"We are very excited to make this investment in UtiliPoint International", said Johnson Kachidza, Vice Chairman of EnerCon Global. "We think the team at UtiliPoint under the leadership of Bob Bellemare and Jon Brock are poised to experience significant growth due to the trends in the global energy and utility market place and we are pleased to be part of that growth in a significant way."
"We are seeing rapid growth in all of our practice areas and with this investment we plan to further expand the breadth and depth of what we offer our clients," said Bob Bellemare, UtiliPoint's CEO. "With the need for utility infrastructure investment, volatile fuel prices, and the prospect of additional emission regulations, the industry is undergoing a fundamental change in how it does business. UtiliPoint will continue to be on the forefront of these issues."
"This investment opens an exciting new chapter in UtiliPoint's history," said Jon T. Brock, UtiliPoint's President and COO. "A history that began in 1933 and continues today with leading utility and energy industry services that provide utilities, energy companies, regulatory agencies, and service providers with the independent advice they need to help steer them through volatile market conditions. Our clients have requested expanded service offerings and we have heard them. We look forward to expanding out service offerings to clients that will enable them to open new doors of opportunity in these changing times."
About UtiliPoint International, Inc.
UtiliPoint is a leader in providing research and consulting services to the utility and energy industries. Our 74-year history and over 100 clients worldwide have led us to currently operate as a utility and energy consulting and issues analysis firm. Our staff is comprised of leading experts with diverse backgrounds in utility generation, transmission & distribution, retail markets, mergers and acquisitions, new technologies, venture capital, information technology, outsourcing, customer service, advanced metering, meter data management, renewable energy, regulatory affairs, and international issues.
Contacts:
| Bob Bellemare 505-244-7612 rbellemare@utilipoint.com | Jon T. Brock 505-244-7607 jbrock@utilipoint.com |