Electric City Corp. Reverse Split to Take Effect Tomorrow

Share Name	Share Symbol	Market	Type
Electric City Corporation	AMEX:ELCC	AMEX	Common Stock

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Electric City Corporation

AMEX:ELCC

AMEX

Common Stock

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Electric City Corp. Reverse Split to Take Effect Tomorrow

14/06/2006 10:24pm

PR Newswire (US)

Electric City Corporation (AMEX:ELCC)
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Ticker Symbol Changed to ELCY ELK GROVE VILLAGE, Ill., June 14 /PRNewswire-FirstCall/ -- Electric City Corp. (OTC:ELCC) (BULLETIN BOARD: ELCC) confirmed today that its recently announced 1 for 15 reverse split of its common stock will take effect with the opening of the market tomorrow, June 15th. In connection with the reverse split its ticker symbol will permanently change to ELCY. All fractional shares that result from the 1 for 15 reverse split will be rounded to the nearest whole share. After giving effect to the reverse split the Company will have approximately 3,420,000 shares of common stock outstanding and Series E preferred stock convertible into approximately 1,550,000 shares of common stock. Stockholders who hold their shares in brokerage accounts or "street name" will not be required to take any action to effect the exchange of their shares. Stockholders of record who hold physical certificates registered with Electric City's transfer agent will receive a transmittal letter requesting that they surrender their old stock certificates for new stock certificates reflecting the adjusted number of shares as a result of the reverse stock split. LaSalle Bank, N.A., Electric City's transfer agent, will act as the exchange agent for purposes of implementing the exchange of stock certificates. About Electric City Corp. Electric City is a developer, manufacturer and integrator of energy savings technologies. Electric City is comprised of two integrated operating companies that bring their extensive experience and technologies together to provide customers with total energy solutions. Electric City is based in Elk Grove Village, Illinois and is traded on the OTC Bulletin Board. Additional information is available at the Company's website at http://www.elccorp.com/ or by calling 847-437-1666. Electric City Investor Relations Glen Akselrod, Bristol Capital Ltd. Telephone 905-326-1888 E-mail DATASOURCE: Electric City Corp. CONTACT: Electric City Investor Relations, Glen Akselrod, Bristol Capital Ltd., +1-905-326-1888, or Web site: http://www.elccorp.com/

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ELCC Electric City Corporation