Engineered Tax Services, Inc. and Energy Advantage Corporation Form Strategic Alliance to Grow Energy Management Opportunities

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The convergence of accounting and energy management took a leap forward when Energy Advantage and Engineered Tax Services created a shared vision for delivering comprehensive energy and financial solutions to commercial and industrial energy users. By integrating the companies at the engineering, marketing and business levels, the alliance will allow both companies to drive new growth opportunities and offers the potential to further reduce total energy and energy-related environmental costs along with providing maximum tax incentives for customers.

We look forward to partnering with Energy Advantage and expanding energy and emission management services throughout North America

The convergence of accounting and energy management took a leap forward when Energy Advantage and Engineered Tax Services created a shared vision for delivering comprehensive energy and financial solutions to commercial and industrial energy users. By integrating the companies at the engineering, marketing and business levels, the alliance will allow both companies to drive new growth opportunities and offers the potential to further reduce total energy and energy-related environmental costs along with providing maximum tax incentives for customers.

By accessing Energy Advantage's Total Energy and Environmental Management (TEEM) process with Engineered Tax Services' energy accounting and cost segregation expertise, customers will be able to provide executive management the ability to decrease energy costs, limit greenhouse gas emissions and increase cash flows.

"Both companies have led fundamental transformation in their own sectors," said Glen Ferguson, President and COO of Energy Advantage Corporation. "By combining economic, environmental and regulatory expertise with strong 'back room' capabilities, Energy Advantage and Engineered Tax Services will manage and supervise energy and environmental programs, through their innovative and proven processes which encompass a complete slate of energy management services. Understanding tax implications are an essential component of any energy management program and we're excited about being able to access and bring Engineered Tax Services' expertise to our clients."

"We look forward to partnering with Energy Advantage and expanding energy and emission management services throughout North America," said Julio Gonzalez, President and CEO of Engineered Tax Services. "Our nationwide footprint will allow our sales and marketing infrastructure to reach out to national and regional companies with multi-site facilities."

Elements of the Agreement

  •     Energy Advantage will be Engineered Tax Service's strategic partner for natural gas and electricity management, energy accounting and reporting as well as environmental services.
  •     Engineered Tax Services will deploy their energy tax, consulting & engineered based cost segregation services to the customers of Energy Advantage.
  •     Engineered Tax Services will utilize their sales and marketing network to distribute Energy Advantage solutions in the United States.
  •     Both companies will work together to develop third party and vendor relationships.

EAC is the wholly-owned US sales and marketing affiliate of Energy Advantage Inc., a leading independent provider of total energy and environmental management services, providing independent and objective, on-going advice and services to North America's premier commercial, industrial and institutional end-users. Energy Advantage has no financial or operating ties to any energy or equipment supplier and helps large, multi-facility end-users manage the risks and costs associated with the procurement, administration and consumption of energy.

Engineered Tax Services is the premier firm in the United States marrying the science of energy engineering with the principles of tax and accounting to arrive at financial solutions that result in increased cash flow, minimized tax payments and increase ROI. ETS provides IRS sanctioned services to include engineered based Cost Segregation Studies, Energy Tax Credits, Research & Development Credits, Insurance Replacement Appraisals and Property Tax Appeals. For more information regarding this press release, please feel free to contact Julio Gonzalez, CEO of Engineered Tax Services at 1-800-236.6519 or visit their website at http://www.engineeredtaxservices.com.

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Julio Gonzalez
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