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Enerlume Energy Management Corp. (809012) SEC Filing 10-K Annual report for the fiscal year ending Monday, June 30, 2008

Enerlume Energy Management Corp.

HISTORY TOOLS
CIK: 809012
Exhibit 99.1
 
INVESTOR RELATIONS GROUP
News Release:

For:   EnerLume Energy Management Corp.
 


ENERLUME ENERGY MANAGEMENT CORP.  REPORTS THIRD FISCAL QUARTER 2008 RESULTS

Hamden CT, May 15, 2008 – EnerLume Energy Management Corp. (ENLU.OB,
http://www.enerlume.com) reported its results for its third fiscal quarter ended March 31, 2008. While company revenues for the three months ended decreased as compared to the third fiscal quarter in the prior year, the company’s loss from continuing operations and net loss amounts remained constant.  Revenues and net loss for the nine months ended also remained constant as compared to the third fiscal quarter in the prior year, but the loss from operations showed an improvement of approximately 19%.  The company noted that this fiscal quarter was negatively impacted by a decrease in revenue and a non-cash charge associated with stock compensation costs.

“Although the net loss for the quarter was constant, we have made progress in our efforts to promote our energy conservation product, the EnerLume | EM® , and have recently announced that an agreement was entered with our master channel partner and a leading retailer to install the EnerLume | EM® fluorescent lighting energy management system in ten stores in Connecticut and Massachusetts,” said David Murphy, president and chief executive officer of EnerLume Energy Management Corp. “We have also announced that we have made the final payment in the federal class action settlement, which is now behind us.”

For the quarter ended March 31, 2008, EnerLume Energy Management Corp. reported a net loss of $1,896,743 or $0.14 per share on revenues from continuing operations of $993,461. This compares to a net loss of $1,869,506 or $0.21 per share on revenues from continuing operations of $1,312,545 for the quarter ended March 31, 2007. The company had 13,057,863 weighted average common shares outstanding in the current year compared to 8,995,612 shares in the third fiscal quarter of the prior year. The net loss and per share amounts include the food service operations and the sale of the division classified as discontinued operations.

 
 
 
The following information was filed by Enerlume Energy Management Corp. on Thursday, May 15, 2008 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Definitive Proxy Statement (Form DEF 14A)
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Enerlume Energy Management Corp.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2008 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

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SEC Filing Tools
CIK: 809012
Form Type: 10-K Annual Report
Accession Number: 0001017951-08-000262
Submitted to the SEC: Mon Sep 29 2008 5:00:32 PM EST
Accepted by the SEC: Mon Sep 29 2008
Period: Monday, June 30, 2008
Industry: Electrical Work

External Resources:
SEC.gov

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