EX-99
3
telkonet_8k-ex0099.htm
PRESS RELEASE
telkonet_8k-ex0099.htm
Exhibit
99
For
Immediate Release: November 8, 2007
NEWS
RELEASE
Telkonet
Sells Its Interest in BPL Global, Ltd.
Germantown,
MD, Telkonet, Inc. (AMEX: TKO), the leading technology solutions provider for
broadband networking, end-to-end service support and energy management,
today announced that on November 7, 2007, Telkonet sold its interest
in
BPL Global, Ltd., a privately-held company, to certain existing stockholders
of
BPL Global. The aggregate purchase price was $2,000,000 in cash payable to
Telkonet. There were no commissions paid by the Company in connection with
this
transaction. In early 2005, Telkonet invested a total of $131,044 in BPL
Global.
About
Telkonet
Telkonet
specializes in integrated solutions for broadband data networking and energy
management, including in-building powerline communications (PLC) technology.
Headquartered in Germantown, Maryland, USA, Telkonet serves thousands of
customers worldwide.
Telkonet's
technology innovation is underpinned by end-to-end quality of service and
comprehensive customer support. Its portfolio includes:
●
The
revolutionary Telkonet iWire System
™
,
converting
sites' existing internal electrical infrastructures into an IP network
backbone.
●
The
integrated EthoStream platform for wired and wireless HSIA, differentiated
by outstanding remote management tools and dedicated customer support
facilities.
●
Telkonet
SmartEnergy, achieving 30% energy savings through intelligent in-room
energy management.
For
more
information, visit www.telkonet.com
Contacts:
Joe
Noel
Telkonet
240.912.1851
Andrew
Hellman
CEOcast
212.732.4300
adhellman@ceocast.com
Georgina
Garrett/Simon Jones
Garrett
Axford
+44.1903.854900
mail@garrett-axford.co.uk

EX - 99 3 telkonet _ 8k - ex0099 . htm PRESS RELEASE telkonet _ 8k - ex0099 . htm Exhibit 99 For Immediate Release : November 8 , 2007 NEWS RELEASE Telkonet Sells Its Interest in BPL Global , Ltd . Germantown , MD , Telkonet , Inc . ( AMEX : TKO ) , the leading technology solutions provider for broadband networking , end - to - end service support and energy management , today announced that on November 7 , 2007 , Telkonet sold its interest in BPL Global , Ltd . , a privately - held company , to certain existing stockholders of BPL Global . The aggregate purchase price was $ 2,000,000 in cash payable to Telkonet . There were no commissions paid by the Company in connection with this transaction . In early 2005 , Telkonet invested a total of $ 131,044 in BPL Global . About Telkonet Telkonet specializes in integrated solutions for broadband data networking and energy management , including in - building powerline communications ( PLC ) technology . Headquartered in Germantown , Maryland , USA , Telkonet serves thousands of customers worldwide . Telkonet 's technology innovation is underpinned by end - to - end quality of service and comprehensive customer support . Its portfolio includes : ● The revolutionary Telkonet iWire System ™ , converting sites ' existing internal electrical infrastructures into an IP network backbone . ● The integrated EthoStream platform for wired and wireless HSIA , differentiated by outstanding remote management tools and dedicated customer support facilities . ● Telkonet SmartEnergy , achieving 30 % energy savings through intelligent in - room energy management . For more information , visit www.telkonet.com Contacts : Joe Noel Telkonet 240 . 912 . 1851 Andrew Hellman CEOcast 212 . 732 . 4300 adhellman@ceocast.com Georgina Garrett / Simon Jones Garrett Axford + 44 . 1903 . 854900 mail@garrett-axford.co.uk