Friday, October 08, 2010

Prenova - One of the Fastest Growing Companies in America

Company Ranks as a Leading Energy Management Services Provider

Prenova, Inc., a privately held energy services provider managing over $2 billion in energy spend for dozens of national brands, today announced it has been recognized by Inc. magazine for the second straight year as one of the fastest growing companies in the United States. In 2010, Prenova climbed almost 1,500 spots in the Inc. 5000,
an exclusive ranking of the nation's most successful private companies. With revenue increasing 140 percent over the last three years, Prenova was also listed as one of the 50 fastest growing
companies in the energy industry.

"Prenova's growth over the last three years is a clear indication of the value we're delivering for our clients," said Michael J. Nark, Prenova's President and Chief Executive Officer. "More and more organizations are realizing that energy is a critical resource that requires a more strategic management approach. Companies not only want to insulate themselves from dramatic price fluctuations, but are also under intense pressure to reduce their carbon footprint. Prenova helps
customers accomplish both. We're pleased that Inc. magazine has recognized our success."

Prenova's strategic approach to energy management saves customers tens of millions of dollars every year. Typical results include:
· 10-20% reduction in energy consumption
· 5-10% reduction in energy costs
· 40% reduction in unplanned service calls
· 25% increase in energy efficiency

The 2010 Inc. 5000 serves as a unique illustration of the profound changes taking place in the U.S. economy. Despite the fact that most of this year's measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list
actually increased to $321.6 billion, up more than 50 percent from last year. And while the median three-year growth rate dropped to 96 percent from last year's 126 percent, members of this year's Inc. 5000 now employ a record 1.4 million people, up from one million on last
year's list.

"The leaders of the companies on this year's Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression," said Inc. president Bob LaPointe. "The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs."

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