Telkonet Inc (TKOI)

[wplong89]

Telkonet Announces the Engagement of Canaccord Genuity

MILWAUKEE (March 30, 2016) - Telkonet, Inc. (OTCQB: TKOI), creator of the EcoSmart platform of intelligent in-room automation
solutions designed to optimize comfort, energy efficiency and operational analytics in support of the emerging Internet of Things
(IoT), today announced it has retained Canaccord Genuity as its financial advisor to assist management and the Board of Directors in
the evaluation and review of potential strategic and capital raising opportunities aimed at enhancing shareholder value, as well as
to advise the Company with respect to certain transactions that may ultimately be pursued as a result of such review. Jason Tienor,
CEO of Telkonet, stated “We are excited about this new relationship with Canaccord. Canaccord knows our industry, which makes
them a great choice to help the Company evaluate strategic opportunities.”

The Company notes that no decision has been made to pursue any transaction and that there can be no assurance that the review
process will result in the completion of any particular course of action or transaction. The Company has not set a timetable for
completion of the review process, and it does not intend to comment further regarding the review process unless a specific
transaction or other alternative is approved by the Board of Directors, the review process is concluded or it is otherwise determined
that further disclosure is appropriate or required by law.