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Phil Adams, CEO Of World Energy Solutions, Named Business Leader Of The Year

Stocks in this article: XWES

WORCESTER, Mass., Feb. 19, 2013 (GLOBE NEWSWIRE) -- World Energy Solutions, Inc. (Nasdaq:XWES), a leading energy management services firm, today announced its Chief Executive Officer, Phil Adams, has been named a Business Leader of the Year by the Worcester Business Journal (see full story and video here: ). The leadership of the publication selected Adams for his outstanding work guiding the Company to profitability and five straight quarters of record revenue.

The Worcester Business Journal's annual Business Leader of the Year award program recognizes Central Massachusetts' top business leaders and organizations across four categories: Large Business; Small Business/Entrepreneur; Non-Profit; and Corporate Citizen of the Year. Adams won for his achievements in the Small Business/Entrepreneur category.

"Each year, we invite members of the Central Massachusetts business community to nominate business leaders in each of the four categories, and we supplement that with our own scouting from our work covering business in the region," said Rick Saia, Editor, Worcester Business Journal. "Phil Adams and World Energy initially caught our attention in 2011 when the firm acquired three companies and posted its first year of profitability as a public company.

"Then 2012 unfolded with quarter after quarter of strong financial performance, successful customer engagements, another acquisition, Phil's promotion to CEO, and the establishment of the Company's new headquarters in City Square coupled with the hiring of its 100 th employee. That's not just a Central Mass. success story, that's a great business story."

Added Phil Adams, CEO, World Energy Solutions: "I am honored to receive this award and proudly accept it on behalf of the great team at World Energy that has helped make it all possible. I'd also like to recognize and thank co-founder and former CEO Richard Domaleski for the strong foundation he created here and for his trust and confidence in me as a colleague and leader. We began our energy business in the basement of the old Worcester Police Station in Exchange Place more than ten years ago, and have since created a profitable, growing Company that saves customers money, provides meaningful work to employees, and enthusiastically gives back to the community."

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