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Enterprise Energy Management Company Ranked as one of America's Fastest-Growing Private Companies

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IRVINE, Calif., Aug. 29, 2013 (GLOBE NEWSWIRE) -- Inc. magazine ranked Phoenix Energy Technologies NO. 3890 overall and NO. 90 in Energy on its seventh annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. This is the second year in a row Phoenix Energy Technologies made Inc. Magazine's annual List. The list represents the most comprehensive look at the most important segment of the economy—America's independent entrepreneurs.

"This achievement demonstrates the dedication and commitment of PhoenixET and we're honored to be included for the second year in a row by Inc. magazine," says CEO Lisa Varga. "Our goal has always been to lead the enterprise energy management sector by providing innovative technology paired with extraordinary service; a goal that would not continue to achieve success without the hard work and commitment of every individual at PhoenixET."

In a stagnant economic environment, median growth rate of 2013 Inc. 500|5000 companies is an impressive 142 percent. The companies on this year's list report having created over 520,000 jobs in the past three years, and aggregate revenue among the honorees reached $241 billion.

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria can be found at www.inc.com/500.

"Not all the companies in the Inc. 500 | 5000 are in glamorous industries, but in their fields they are as famous as household name companies simply by virtue of being great at what they do. They are the hidden champions of job growth and innovation, the real muscle of the American economy," says Inc. Editor Eric Schurenberg.

About Phoenix Energy Technologies

Phoenix Energy Technologies is a strategic partner and leading provider of Enterprise Energy Management software and services in the retail sector. With a proven process to enable greater visibility, produce actionable information, and achieve optimized building performance, PhoenixET provides a 360° solution to reduce energy consumption and costs. For more information, visit www.phoenixet.com.

CONTACT: Allison Rulloda 877-340-8855 ext. 1141 arulloda@phoenixet.com

Source: Phoenix Energy Technologies