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Chief Financial Officer Harold Telners Joins CGE Energy’s Executive Team

BRIGHTON, Mich., Aug. 24, 2017 (GLOBE NEWSWIRE) -- CGE Energy (OTCPink:CGEI), the leading engineer of no capital cost energy solutions, announces that Mr. Harold Telners, a Certified Public Accountant, and seasoned financial executive, joined the Company’s leadership team as Chief Financial Officer (CFO). With over 30-years of experience, Telners will oversee CGE Energy’s finance and accounting departments.

CGE Energy at a Glance
CGE Energy develops and operates long-term energy projects that solve the energy challenges of their commercial, municipal, nonprofit and international customers. These onsite projects combine world-leading energy technologies from strategic partners Cree® LED Lighting and SolarWorld with CGE Energy’s patented WIND•e20® wind turbine. CGE Energy has well-established revenue streams and a substantial customer pipeline as we grow our innovative energy solutions offering. CGE Energy is a publicly traded company, traded on OTC Markets under the OTC:CGEI ticker symbol.


/EIN News/ -- A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/7a5e09f0-3447-432b-822d-fb6b4d44d51e

The executive hire comes as CGE Energy continues its rapid growth. After selling his practice in late 2016, Telners joined CGE Energy as CFO in the first quarter of 2017. In that same timeframe, CGE Energy has signed $7.7 Million in new long-term contracts to be installed over the next few months.

“We are pleased to welcome to CGE a CFO with the caliber of Harold Telners. Harold brings terrific skills to our finance and accounting team,” says CGE Energy President/CEO Bryan Zaplitny. “He will be instrumental in providing the finance vision, strategy, and leadership to help the CGE Energy get to the next level.”

Harold Telners, CPA, holds a Bachelor of Science degree in Accounting and Finance from the University of Michigan-Dearborn. Previously, in 1986 he formed Accounting & Tax Services, Inc. (ATS), one of Southeast Michigan's most diversified accounting firms.

"I have admired the business CGE has been building and am fortunate to be part of the next phase of that journey. There are many opportunities both currently and ahead for CGE Energy,” said Telners.

For further information about CGE, contact Media Communications, Paul Schneider, 248-446-1344, pschneider@cgeenergy.com.

About CGE Energy

CGE Energy (OTCPink:CGEI) makes it easy for businesses, local governments, and non-profits to receive the benefits of sustainable energy projects with no upfront cost. CGE hand-selects the very best facilities to partner with and turns their wasted energy into immediate and continuous savings for the customer. By uniquely selling sustainability-as-a-service, CGE's proprietary Sustain business model delivers an exclusive combination of today’s best energy efficiency and sustainable energy generation technologies, including CGE’s exclusive WIND-e20 wind turbine, http://www.cgeenergy.com.

This press release may contain forward-looking statements including statements regarding our expectations, beliefs, intentions or future strategies that are signified by the words “expects,” “anticipates,” “intends,” “believes” or similar language. These forward-looking statements involve risks, uncertainties, and other factors. All forward-looking statements included in this press release are based on information available to us on the date hereof and speak only as of the date hereof. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. Actual results may differ materially from those projected in the forward-looking statements.

Contact: Paul Schneider
248-446-1344
pschneider@cgeenergy.com

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