MMC Energy Inc.
MMC Energy Inc.: ANNOUNCES BUSINESS UPDATE WEB CAST NOVEMBER 15, 2006
Corporate news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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New York – November 7, 2006 – MMC Energy, Inc. (NASDAQ OTC: MMCN) (Deutsche
Bourse: JU1) announced that MMC Chairman and Chief Executive Officer Karl
W. Miller and members of the company’s senior management team will discuss
the third quarter 2006 results, the pending Mid-Sun power plant
acquisition, the Chula Vista power plant re-powering update, the potential
Escondido power plant re-powering and other commercial matters during an
investor presentation to be web cast live beginning at 9 a.m. ET/8 a.m. CT
on Wednesday November 15, 2006.
The listen-only web cast on November 15 can be accessed via the ‘News’
section of the company’s web site at http://www.mmcenergy.com. For persons
unable to listen to the live web cast, the call will be archived and
available for replay in the previously mentioned section of the company’s
web site until fourth quarter and year-end 2006 financial results are
announced.
MMC previously announced the acquisition of the Mid-Sun power plant near
the City of Bakersfield, Kern County, California. MMC expects to close the
transaction during November 2006. The Mid-Sun facility is located adjacent
to numerous oil production facilities and has historically provided power
and steam to support the enhanced oil recovery industry.
The company also recently announced the planned 94 MW re-powering of its
Chula Vista power plant, located in San Diego County. San Diego is one of
the most constrained power markets in California and the entire US and the
Chula Vista power plant is situated in a key location on the transmission
grid to provide reliable energy and power services.
About MMC Energy, Inc.:
MMC is an energy acquisition company, which primarily acquires and operates
critical power generation and associated energy infrastructure assets. The
Company’s business strategy is to provide critical reliability-based power
and services including capacity, ancillary services and peaking energy from
its power plants. The company is headquartered in New York City and traded
on the NASDAQ OTC Exchange in the United States and the Deutsche Bourse in
Germany.
The Company creates long-term value for its shareholders through deep value
asset acquisitions and hands on post- acquisition asset management and cash
flow growth. The Company currently owns power generation assets in Southern
California and is pursuing a disciplined portfolio acquisition and growth
strategy targeting power generation facilities and energy infrastructure
assets primarily in California, Texas, Mid-Atlantic, and the Northeastern
U.S.
Contact Germany
Value Relations GmbH
Tel. 069 959246-0
Sternstraße 15
D-60318 Frankfurt
(c)DGAP 07.11.2006
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Language: English
Issuer: MMC Energy Inc.
26 Broadway, Suite 907
NY 10004 New York Vereinigte Staaten von Amerika
Phone: +1 212 977 0900
Fax: +1 917 591 6906
E-mail: miller@mmcenergy.com
WWW: www.mmcenergy.com
ISIN: US55312Q1094
WKN: A0J2L0
Indices:
Listed: Freiverkehr in Berlin-Bremen; Open Market in Frankfurt
End of News DGAP News-Service
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