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Green Energy Management Services Appoints John Tabacco President and CEO

NEW YORK–(BUSINESS WIRE)–Green Energy Management Services Holdings, Inc. or “GEM” (OTCBB: GRMS)

announced today the appointment of John Tabacco as CEO and President to

continue the development of the company’s Energy Management business. He

succeeds Ronald Ulfers who will remain as Chairman. Tabacco is

frequently seen on Fox News Channel and CNBC, and brings 20 years of New

York City Construction, Building Management, and Capital Markets

relationships to the company.

Chairman of the search committee and director Dr. Robert Thomson noted,

“John’s deep base of relationships with NYC Contractors and Building

Managers coupled with capital markets experience, will immediately

address the expansion and growth of GEM’s proprietary energy efficiency

products. Establishing administrative proximity to Co Op City by

relocating the company’s headquarters to New York, will actively expand

opportunities with Co Op and other like developments in the NYC area.”

Ronald Ulfers, Chairman said, “Expanding on the nucleus of successful

energy management agreements at facilities such as Co Op City is what we

are confident John will deliver. John’s strong grasp of governmental

incentive programs and lifelong relationships in the construction area

are a welcome addition to GEM. John’s unique governmental relationship

skills will help focus the company on the growing opportunities for

green energy programs, grants and incentive plans.”

“The opportunity to move GEM into the execution phase of its proven

concepts is exciting,” noted Mr. Tabacco. “I will use my lifelong

industry contacts to drive adoption of the technology by new property

owners, reducing their overall energy costs using green energy. Saving

money for businesses by embracing green solutions will contribute to our

national goal of reducing dependence on foreign providers of natural

resources. Introducing strategic capital investment, new contracts and

distribution lines for GEM products will be my core focus.”

Mr. Tabacco, 45, holds a Bachelor’s in Finance from St. John’s

University in New York. He has been a frequently invited guest by the US

Senate Banking and Judiciary Committees, as well as the U.S. House of

Representative Financial Services Committee in their examinations of

Capital Markets behavior.

About Green Energy Management, Inc.

Green Energy Management Services is a full service provider of energy

saving alternatives for a various array of commercial buildings and

manufacturing facilities. Utilizing proprietary technology and design,

the Company provides, lighting, electrical, and water savings products

at little or no cost to the owner, while recovering its revenue from the

recognized savings. The Company offers these services on a nationwide

basis.

Forward-Looking Statement:

This release may contain forward-looking statements within the meaning

of Section 27A of the Securities Act of 1933, as amended, and Section

21E of the Securities Exchange Act of 1934, as amended. All

forward-looking statements are inherently uncertain as they are based on

current expectations and assumptions concerning future events or future

performance of the company. Readers are cautioned not to place undue

reliance on these forward-looking statements, which are only predictions

and speak only as of the date hereof. Risks and uncertainties applicable

to the company and its business could cause the company’s actual results

to differ materially from those indicated in any forward-looking

statements.

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