MMC Energy Inc.
MMC Energy, Inc. Announces Mid-Sun Power Generation Facility Brought on Line in Southern California
MMC Energy Inc. / Miscellaneous Corporate news transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- MMC Energy, Inc. Announces Mid-Sun Power Generation Facility Brought on Line in Southern California NEW YORK, Jan. 29 /PRNewswire-FirstCall/ -- MMC Energy, Inc. (OTC Bulletin Board: MMCN) today announced that it has re-commissioned its 21 megawatt power plant located in Bakersfield, California. MMC previously announced the purchase of the Mid-Sun facility from Taft Energy Partners, L.P., on November 17, 2006, and the expected January 2007 Commercial Operation Date, which it has successfully achieved. The Mid-Sun Facility utilizes a General Electric natural gas turbine with state of the art emissions control systems. 'MMC continues to make substantial investments in California to deliver critically needed new megawatts to increase power supplies,' said MMC's Chairman and Chief Executive, Karl Miller. 'MMC continues to execute on its business plan of acquiring and operating critical reliability based assets in its target markets. MMC has successfully re-commissioned its third power facility in Southern California during the last twelve months on time. MMC will continue to expand its operations footprint in California and deliver critically needed additional reliable power and capacity,' Miller added. About MMC Energy, Inc. The Company is an energy acquisition company, which primarily acquires and operates critical power generation and associated energy infrastructure assets. The company is headquartered in New York City and traded on the NASDAQ OTC Bulletin Board 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. 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. Additional information concerning MMC Energy is available at http://www.mmcenergy.com. Forward Looking Statements: This press release contains '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, including without limitation those statements regarding the Company's ability to expand existing generating facilities and exploit acquisition opportunities. These statements are expressed in good faith and based upon a reasonable basis when made, but there can be no assurance that these expectations will be achieved or accomplished. Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements including, but no limited to, our inability to generate sufficient operating cash flow to adequately maintain our generating facilities and service our debt, commodity pricing, intense competition for undervalued generating assets, environmental risks and general economic conditions. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release, other than as may be required by applicable law or regulation. Readers are urged to carefully review and consider the various disclosures made by us in the our reports filed with the Securities and Exchange Commission, including those risks set forth in the Company's Current Report on Form 8-K filed on May 15, 2006, which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. We undertake no obligation to update these forward- looking statements. Kontakt Deutschland Value Relations GmbH Tel. 069 959246-16 MMC@ir-services.de DGAP 29.01.2007 ---------------------------------------------------------------------- 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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