CPLE NEWS OUT This one is way oversold!Compliance Resource Group Reaffirms Business Plan
May 23, 2007 10:53:00 AM
LAS VEGAS, NV -- (MARKET WIRE) -- 05/23/07 -- Compliance Resource Group Inc. (PINKSHEETS: CPLE) announced today that it fully intends to continue to execute its business plan of developing, marketing, and installing energy-management systems. In support of this commitment, the Company has initiated a request to NASDAQ and the CUSIP Service Bureau to change its CUSIP number as part of a name and symbol change to more directly reflect the Company's objectives.
"While we are disappointed with the drop in our share price this week, we are fully committed to executing our business plan," says Edward Herbert, CEO and President of Compliance Resource Group. "Our energy saving products and systems, with their rapid return on investment during this time of continuing instability in energy costs, are very important to our customers."
About Compliance Resource Group Inc.
Compliance Resource Group focuses on the acquisition of leading edge technologies designed to manage energy consumption and control demand. The objective is to develop a broad-based product line incorporating various technologies that not only have the capability of controlling energy demand but can also be the foundation for reconfiguring base building systems. These technologies will substantially change the way building systems are installed and operated (e.g. domestic hot water, hallway ventilation, in-suite heating/cooling, etc.).
The foundation of the current product line is SensorStat?, an advanced direct digital control unit designed to reduce energy waste in-suite by controlling HVAC and automatically setting the temperature to an energy saving level (setback) while the room is unoccupied. When SensorStat? senses that a room is unoccupied, it adjusts the HVAC, allowing the temperature to drift to a pre-selected higher or lower energy level, depending on the season. If the room remains empty for more than 15 hours, the temperature is further adjusted. Once the room is again occupied, SensorStat? gives back control to the HVAC system to re-establish the pre-selected temperature.
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