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04.25.08
Acorn Energy Equity Affiliate Paketeria AG Announces Stop-in-Shop Program with Volksbank Hannover
MONTCHANIN, DE, April 25, 2008 -- ACORN ENERGY, INC. (NasdaqGM: ACFN), a holding company focused on intelligent energy infrastructure, today announced that its Paketeria affiliate in Germany plans to open “stop-in-shop” service market stores inside five Volksbank locations. The stores are scheduled to open on May 22, 2008 in Celle, a suburb of Hannover, with a population of 70,000.“As a modern financial service provider, we are excited to offer additional benefits to our customers and strengthen personal contact.” explained Jurgen Wache, member of the Board of Hannoversche Volksbank. “We are offering these customer-oriented services in conjunction with Paketeria in five locations in Celle and we hope that they are well received. ”
Andy Rosch, CEO of Paketeria AG stated:” We believe that Volksbank customers will enjoy the convenience of being able to use our suite of services at the same time as they do their banking transactions.”
About Paketeria
Paketeria is traded on the Frankfurt Stock Exchange under the symbol AOSTYL. The “stop-inshop” model offers postal services, internet-terminals, cell phone usage, Ebay agency, copy and printing services, photo developing, cartridge refill and more.
About Volksbank
Volksbank is a federation of 1,250 independent savings banks with over 14,000 branches throughout Germany.
About Acorn Energy, Inc.
Acorn Energy is a publicly traded holding company focused on improving the efficiency of the energy grid and reducing the environmental impact of the energy sector. Acorn Energy’s operating companies leverage advanced technologies to transform the existing energy infrastructure. Acorn’s strategy is to take primarily controlling positions in companies led by great entrepreneurs and add value by supporting those companies with marketing, strategy and business development. Acorn Energy is a global company with equity interests in Comverge, CoaLogix, DSIT, Gridsense, Local Power and Paketeria. For more information visit www.acornenergyinc.com.