Metretek Technologies Granted Stock Options to New PowerSecure Employees

Metretek Technologies, Inc. (Amex:MEK) announced that
earlier this year it granted 100,000 stock options as an inducement to
eight individuals to become employees of PowerSecure, Inc., a wholly
owned subsidiary of the Company. These new employees, who have become
part of PowerSecure's growing business, are Mike Taylor, Ronald
Gilcrease, Ken Hurd, Martin Austin, George Imel, Earl Shaddix, Eric
Stewart and Marcus Yahnke.
   The options, which have already been included in recent fully
diluted share computations, are non-qualified stock options and
contain an exercise price equal to the closing stock price of the
Common Stock on the date of grant; they vest in four equal
installments commencing on the first anniversary of the grant date,
and have ten year terms. The stock options were granted outside of the
Company's stockholder approved stock plans in accordance with an
exception for inducement grants under American Stock Exchange
requirements.
   Metretek Technologies, Inc. through its subsidiaries --
PowerSecure, Inc.; Metretek, Incorporated; and Southern Flow
Companies, Inc. -- is a diversified provider of energy technology
products, services and data management systems to industrial and
commercial users and suppliers of natural gas and electricity.