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NEW YORK, Feb. 07, 2007 - U.S. Energy Systems, Inc. (Nasdaq: USEY), a "clean and green" energy company, today announced that it will present at the Wall Street Analyst Forum's 18th Annual Analyst Conference on Wednesday, February 14, 2007, at 9:50 AM ET, at The Princeton Club, on 43rd Street between 5th and 6th Avenues (4th Floor), in New York City. Members of the investment community may register to attend U.S. Energy Systems' presentation and meet with the Company's management by visiting www.analyst-conference.com and selecting "Analyst/PM Information". To access a webcast of the presentation, please register at the same URL.
Adam D. Greene, USEY's Senior Vice President, will discuss USEY's corporate growth strategy and its two operating businesses: a U.S.-based landfill gas producer and marketer, and a UK-based natural gas exploration, development and power generation business.
U.S. Energy Systems applies energy industry management expertise in operations, finance and turnarounds to grow the value of "clean and green" energy businesses. Its strategy is to identify and acquire high potential clean and green energy businesses whose values are depressed due to financial or operational constraints. Its experienced executive and operating management team works together to develop and execute focused plans for unlocking trapped value and building strong and successful businesses for the benefit of customers, business partners and the Company's shareholders. USEY is able to further enhance shareholder value by applying green tax credits and net operating loss carryforwards to maximize after-tax income.
Additional information is available on the Company's website at: http://www.useyinc.com.
About U.S. Energy Systems, Inc.
U.S. Energy Systems, Inc. is an owner of green power and clean energy and resources. USEY owns and operates energy projects in the United States and United Kingdom that generate electricity, thermal energy and gas production.
Certain matters discussed in this press release are forward-looking statements, and certain important factors may affect the Company's actual results and could cause actual results to differ materially from any forward-looking statements made in this release, or which are otherwise made by or on behalf of the Company. Such factors include, but are not limited to, the effect of the USEB's Chapter 11 filing, access to needed financing or refinancing on acceptable terms, our ability to continue as a going concern, revisions in the initial estimates in the fair market value of the acquired assets, failure to realize the estimated savings or operating results of the acquisition, and other risks associated with acquisitions generally, including risks relating to managing and integrating acquired businesses, changes in market conditions, the impact of competition, changes in local or regional economic conditions, and the amount and rate of growth in expenses, dependence on management and key personnel, changes in federal or state laws and their interpretation with respect to regulation, energy policy and other business issues, the inability to commence planned projects in a timely manner, our ability to continue our growth strategy, and the ability to complete acquisitions, as well as other risks detailed from time to time in U.S. Energy's Securities and Exchange Commission filings, including its Annual Report on Form 10-K for the year ended December 31, 2005 as well as the 10-Q for the period ended September 30, 2006. We do not undertake to update any of the information set forth in this press release.
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