SOURCE: Premier Alliance Group, Inc.
CHARLOTTE, NC--(Marketwire - Jan 29, 2013) - Premier Alliance Group, Inc., (OTCQB: PIMO) a strategic advisory, services, and solutions firm focused on providing 360° Intelligence Delivery through our Knowledge Based Expertise ("KBE"), today announced that its Energy and Sustainability Division has been engaged by Manzana Energy, Inc. to engineer and construct a 250 kilowatt photovoltaic solar project for the Border View Family YMCA in San Diego, California. The project, to be completed in 2013, represents $1.2 million in revenue to Premier Alliance.
Along with the electrical engineering and construction of the system, Premier Alliance will manage all the permitting and complex utility interconnect guidelines associated with a solar project of this scale. Once completed, the Border View Family YMCA will be able to take advantage of substantially discounted electricity rates while offering covered parking and convenient charging stations for patrons with plug-in electric vehicles (PEVs). The Border View Family YMCA is the newest of the YMCA's 25 facilities in San Diego County and will realize a savings of an estimated $1.3 million in energy costs over the 25-year lifetime of the Power Purchase Agreement.
"Implementing alternative energy solutions is one of our core strengths," said Russ Earnshaw, Senior Vice President of Solutions for Premier Alliance. "We are looking forward to working with Manzana and demonstrating those strengths in order to benefit the Y and its members. We envision a long lasting partnership and anticipate this will be the first of many projects with an organization like the YMCA that does so much for San Diego."
"Selecting Premier Alliance was an easy choice," said Art Castañares, President and CEO of Manzana Energy. "I've been a staunch supporter of the YMCA and its mission for many years and feel Premier Alliance understands this project is more than just a construction job, but rather an opportunity to develop a lasting relationship with an exceptional organization that supports communities all over the United States and internationally."
"We are very excited about this project," said YMCA of San Diego County President and CEO Baron Herdelin-Doherty. "Not only is our goal to set an example of environmental awareness and responsibility but also the financial savings will allow us to fund additional programs and services in keeping with our mission of 'improving the quality of human life' for our members and the community at large."
"This initiative will serve as yet another demonstration of San Diego as one of the most sustainable cities in America," stated Jim Waring, Executive Chairman of CleanTECH San Diego. "We pride ourselves in identifying community projects and pairing them with proven technology partners to ensure execution and significant energy savings. It's great to see organizations like the YMCA of San Diego County taking the lead in working with Premier Alliance and other CleanTECH San Diego members."
About The YMCA of San Diego County
The YMCA of San Diego County is the second largest Y in the nation serving hundreds of thousands of San Diego County residents and employing more than 4,500 people. Through a variety of programs and services focused on youth development, healthy living and social responsibility, the Y unites men, women and children -- regardless of age, income or background -- to nurture the potential of children and teens, improve the nation's health and well-being, and provide opportunities to give back and support neighbors. The YMCA of San Diego County is dedicated to improving the quality of human life and to helping all people realize their fullest potential as children of God through the development of the spirit, mind and body. Visit www.ymca.org to find your local YMCA or call (858) 292- YMCA (9622).
About Manzana Energy, Inc.
Manzana Energy, through its subsidiary Manzana Solar, develops distributed generation solar projects designed specifically to meet the challenges of governmental, non-profit, and specialty sector clients. Manzana Energy's goals are to maximize the use of renewal energy, reduce carbon emissions, and create financial benefits for its clients. Manzana Energy is focused on delivering brilliant energy solutions with maximum social and community impact. For more information, visit www.manzanasolar.com or call 877-922-9339.
About Premier Alliance Group, Inc.
Premier Alliance Group, Inc. (OTCQB: PIMO) provides Knowledge Based Expertise ("KBE") through its services and solutions delivery capabilities. The firm provides 360° Intelligence Delivery, a holistic approach to meet client objectives, through our Professional Services and Solutions Groups. We currently have two major delivery verticals, Energy and Risk/Compliance, driven by increased energy mandates as well as risk and regulatory requirements across several industries. Our Energy capabilities position us as a leading provider of energy efficiency and sustainable facilities solutions. This includes designing, engineering and installing disparate solutions and technologies that enable clients to reduce their energy costs and carbon footprint. Our Risk/Compliance capabilities encompass Governance, Risk & Compliance (GRC) and Business Performance & Technology as we assist clients with Risk Management, Compliance, Organizational Effectiveness, Project Management, and Information Management. Premier Alliance is headquartered in Charlotte, NC. For more information, visit www.premieralliance.com.
Safe Harbor Statement
Certain information contained in this press release may be forward-looking. Actual results might differ materially from any forward-looking statements contained in this press release. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of Premier Alliance Group to be materially different from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates" or "plans" to be uncertain and forward-looking.