Telkonet Congratulates Geeks On Call on Commencement of Public Trading

Telkonet Congratulates Geeks On Call on Commencement of Public Trading

Telkonet maintains approximately 20% ownership stake in newly public company

GERMANTOWN, Md.--

Telkonet, Inc. (AMEX:TKO), the leading provider of innovative, centrally managed solutions for integrated energy management, networking, building automation and proactive service across commercial, industrial and government applications, today congratulates Geeks On Call Holdings, Inc. on the completion of its merger transaction, the closing of its initial round of financing and the beginning of its trading as a public company. Trading in the common stock of Geeks On Call Holdings began today on the over-the-counter bulletin board under the symbol "GOCH." Telkonet owns approximately 2.4 million shares in the new public entity.

Jason Tienor, president and CEO of Telkonet, commented, "Our relationship with Geeks On Call is an important component of our overall channel strategy. We believe we will be able to effectively capitalize on our partner's more than 300 franchisees, which operate in approximately 30 major metropolitan markets, to distribute our products into the small business and home office market segments. Driven by rapid technological innovation and change, the market for residential and small business technical support services is growing rapidly and we believe is a high-value channel to drive additional distribution of our unique and innovative technology platform. Telkonet looks forward to expanding our distribution relationship with this fast growing provider of on-site computer services."

Through Geeks On Call Holdings, Telkonet distributes the GEEK LINK SYSTEM, which is based on Telkonet's in building powerline communications (PLC) technology. The system enables high-speed Internet access and IP connectivity using a building's internal electrical wiring. Telkonet has customized its advanced PLC technology to enable easy installation within the home and small business environments, whereas Telkonet's commercial version of its PLC technology requires installation by a licensed electrician. The GEEK LINK SYSTEM makes use of a technical innovation that allows the product to interface directly with the building's electrical grid by simply plugging it into an ordinary electrical outlet. Once the system is installed and configured, it may be leveraged to enable robust Internet access, security camera connectivity, VoIP, and energy management applications from an ordinary electrical outlet.

About Telkonet

Telkonet (www.telkonet.com) specializes in integrated solutions for broadband data networking and energy management, including in-building powerline communications (PLC) technology. Headquartered in Germantown, Maryland, USA, Telkonet serves thousands of customers worldwide. Telkonet's technology innovation is underpinned by end-to-end quality of service and comprehensive customer support. Its portfolio includes:

    --  The revolutionary Telkonet iWire System(TM), converting sites'
        existing internal electrical infrastructures into an IP
        network backbone.

    --  The integrated EthoStream platform for wired and wireless
        HSIA, differentiated by outstanding remote management tools
        and dedicated customer support facilities.

    --  Telkonet SmartEnergy, achieving 30% energy savings through
        intelligent in-room energy management.

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).

Source: Telkonet