Commerce Energy Recognizes Advisor on Bridge Financing

  
    
  
  
    
      Commerce Energy Group, Inc. (AMEX: EGR), a leading U.S. electricity and 
      natural gas marketing company, today announced that Jesup & Lamont’s 
      (AMEX: JLI) San Francisco investment banking division acted as the 
      advisor and placement agent in connection with the bridge financing 
      announced August 21, 2008.
    
    
      “Jesup & Lamont played a critical role in 
      helping us secure our bridge financing,” said 
      Greg Craig, chairman and chief executive officer of Commerce Energy. “Their 
      professionalism, combined with confidence and optimism in our company’s 
      future, made them the right choice at this important stage of Commerce 
      Energy’s growth and development.”
    
    
      About Jesup & Lamont Inc.
    
    
      Established in 1877, Jesup & Lamont has an extensive history on Wall 
      Street, with its origins encompassing such successes as providing 
      brokerage services to Standard Oil and raising capital for the 
      construction of Rockefeller Center. Jesup & Lamont, through its two 
      wholly owned brokerage subsidiaries, offers full service broker-dealer 
      services through its approximately 300 retail brokers in over 30 offices 
      nationwide and institutional sales offices in New York, San Francisco, 
      Boston, Boca Raton and Orlando. The Company’s 
      Jesup & Lamont Securities Corporation subsidiary also publishes 
      proprietary research on several industries including Aerospace/Defense, 
      Alternative Energy and Life Sciences/Healthcare and offers comprehensive 
      investment banking service.
    
    
      About Commerce Energy Group
    
    
      Commerce Energy Group is a leading independent U.S. electricity and 
      natural gas marketing company. Its principal operating subsidiary, 
      Commerce Energy, Inc., is licensed by the Federal Energy Regulatory 
      Commission and by state regulatory agencies as an unregulated retail 
      marketer of natural gas and electricity and serves homeowners, 
      commercial and industrial consumers and institutional customers. For 
      more information, visit www.CommerceEnergy.com.
    
    
      Forward-Looking Statements
    
    
      Except for historical information contained in this release, statements 
      in this release may constitute forward-looking statements regarding the 
      company’s assumptions, projections, 
      expectations, targets, intentions or beliefs about future events. Words 
      or phrases such as “anticipates,” 
      “believes,” “estimates,” 
      “expects,” “intends,” 
      “plans,” “predicts,” 
      “projects,” “targets,” 
      “will likely result,” 
      “will continue,” “may,” 
      “could” or similar 
      expressions identify forward-looking statements. Forward-looking 
      statements are not guarantees of future performance and involve risks 
      and uncertainties which could cause actual results or outcomes to differ 
      materially from those expressed. Commerce Energy Group, Inc. cautions 
      that while such statements in this news release, whether express or 
      implied, are made in good faith and the company believes such statements 
      are based on reasonable assumptions, including without limitation, 
      management’s examination of historical 
      operating trends, data contained in records, and other data available 
      from third parties, the company cannot assure that its projections will 
      be achieved. In addition to other factors and matters discussed from 
      time to time in our filings with the U.S. Securities and Exchange 
      Commission (SEC), some important factors that could cause actual results 
      or outcomes for Commerce Energy Group, Inc. or its subsidiaries to 
      differ materially from those discussed in forward-looking statements 
      include: the ability to secure a longer term credit facility by 
      year-end, the success and effectiveness of the company’s 
      new management plans and strategies; higher than anticipated attrition 
      of company personnel, the volatility of the energy markets; higher than 
      expected attrition of, and/or unforeseen operating difficulties relating 
      to, customer accounts, competition, operating hazards, uninsured risks, 
      failure of performance by suppliers and transmitters, changes in general 
      economic conditions, seasonal weather or force majeure events that 
      adversely affect electricity or natural gas supply or infrastructure, 
      decisions by our energy suppliers requiring us to post additional 
      collateral for our energy purchases, uncertainties in the capital 
      markets should the company seek to raise additional equity or debt; 
      uncertainties relating to federal and state proceedings regarding the 
      2000-2001 California energy crisis; accounts receivable collection 
      issues caused by unfavorable changes in regulations or economic trends, 
      increased or unexpected competition, adverse state or federal 
      legislation or regulation, or adverse determinations by regulators, 
      including failure to obtain regulatory approvals. Any forward-looking 
      statement speaks only as of the date on which such statement is made, 
      and, except as required by law, the company undertakes no obligation to 
      update any forward-looking statement to reflect events or circumstances 
      after the date on which such statement is made or to reflect the 
      occurrence of unanticipated events. New factors emerge from time to 
      time, and it is not possible for management to predict all such factors.