Exhibit
99
For
Immediate Release: August 8, 2007
NEWS
RELEASE
Telkonet
Names Jason Tienor COO; Appoints New Executive Vice
President
Germantown,
MD, Telkonet, Inc. (AMEX: TKO), the leader in providing in-building broadband
access over existing electrical wiring, today announced that Jason
Tienor, president and CEO of EthoStream, is being promoted to the new position
of chief operating officer, responsible for Telkonet, EthoStream and Smart
Systems International, reporting directly to Ron Pickett, Telkonet’s president
and CEO. In addition, Dorothy (Dottie) Cleal is being appointed as executive
vice president, reporting directly to Mr. Tienor and operating out of Telkonet’s
headquarters in Germantown, Maryland. These appointments are effective August
20, 2007.
“We
have
now combined all operations as a result of the recent acquisitions and will
be
experiencing a net operational cost savings of approximately $1,000,000/year
by
year-end,” said Ron Pickett, president and CEO of Telkonet. These organizational
changes are also designed to facilitate the company’s growth plans. Having
worked closely with Jason for the past year, he has proven to be an exceptional
business leader and a strategic planner, coupled with strong technical
expertise. He has excelled by developing, from the ground up, one of the largest
hospitality networks in the US with unparalleled, end-to-end customer support.
With Jason’s drive, expertise and dedication to quality, Jason is highly
qualified to drive our sales and take the company to the next
level.”
Ron
Pickett continued, “Ms. Cleal has a wealth of experience, having worked with the
Secretary of Defense, the White House, and for the past seven years, with SRA
International, a billion dollar leading provider of technology and strategic
consulting services to clients in national security, civil government, health
care and public health. Ms. Cleal will play a major role implementing the
company’s day-to-day operations.”
Ms.
Cleal
brings more than 28 years of Navy experience to her new role; the past 7 with
SRA International, where Ms. Cleal served as Vice President and Director, Navy
and Marine Corps Business Program since 2005. She joined SRA as the Navy account
manager and subsequently became the Navy and Marine Corps account manager before
assuming responsibility for the business program. Prior to joining SRA, Ms.
Cleal was the acting chief information officer and associate director for
information systems and technology at the White House.
As
a
co-founder and CEO of EthoStream, Mr. Tienor received a BBA in MIS and Marketing
from
the
University of Wisconsin – Oshkosh and an MBA with an emphasis on Computer
Science
from Marquette University. After receiving his undergraduate degree, Mr. Tienor worked
for a major telecommunications firm prior to co-founding a Milwaukee-based
IT
consulting firm. While attending Marquette, Mr. Tienor and CIO Mr. Sobieski
subsequently founded EthoStream, which has grown to become one of the largest
HSIA providers to the hospitality industry in the nation.
(more)
Contacts:
Michael
Porter President Porter, LeVay & Rose, Inc. 212.564.4700 mike@plrinvest.com
www.plrinvest.com
Mitchell
Simmons Rubenstein Public Relations 212-843-8073 msimmons@rubensteinpr.com
About
Telkonet
Telkonet
develops and markets technology for the high-speed transmission of secure voice,
video and data communications over in-premise and shipboard electrical wiring.
The revolutionary Telkonet iWire System™ utilizes
proven
powerline communications (PLC) technology to deliver commercial high-speed
broadband access from an IP "platform" that is easy to deploy, reliable and
cost-effective by leveraging a building's existing electrical infrastructure.
Telkonet's products are designed for use in commercial and residential
applications, including multi-dwelling units and the hospitality and government
markets. Applications supported by the Telkonet "platform" include but are
not
limited to: VoIP telephones, Internet connectivity, local area networking,
video
teleconferencing, IP surveillance and a host of other IT services.
Telkonet
SmartEnergy efficiently manages in-room energy usage with intelligent
thermostats, packaged terminal air conditioner (PTAC) controllers and occupancy
sensors. It significantly reduces energy consumption and improves energy
efficiency by automatically adjusting the heating or air conditioning
temperature when a room is vacant. The thermostat constantly calculates how
far
the temperature can vary to ensure it returns to the occupant’s setting within
minutes when they return to the room. The room temperature varies exactly far
enough to achieve maximum savings, while ensuring the occupant’s comfort. For
more information, please visit www.telkonet.com.
Statements
included in this release may constitute forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Such statements
involve a number of risks and uncertainties such as competitive factors,
technological development, market demand and the Company’s ability to obtain new
contracts and accurately estimate net revenues due to variability in size,
scope
and duration of projects, and internal issues in the sponsoring client. Further
information on potential factors that could affect the Company’s financial
results, can be found in the Company’s Registration Statement and in its Reports
on Forms 8-K filed with the Securities and Exchange Commission
(SEC).