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American DG Energy, Inc. (ADGE) Reports FY 2007 and Fourth Quarter Financial Performance

American DG, a leading On-Site Utility offering electricity, heat, hot water and cooling solutions, reported that revenues increased by 84% to $5,847,020 in 2007. GAAP diluted earnings per share were $0.05 in 2007 compared with $0.09 in 2006 with an operating income loss of $905,077 in 2007. Gross margins expanded to 22% from 14%.

John N. Hatsopoulos, Chief Executive Officer of American DG Energy said, “We are excited to report revenue growth of 84% in 2007, together with significant improvement in our gross margin. This performance reflects our ongoing commitment to focus on efficiency from both our operations and our combined heat and power technology. This efficiency and its true carbon reduction is important to our customers and was recognized by the US EPA, as we previously reported.”

American DG Energy will hold its earnings conference call February 28th at 9am EST. To listen, dial (800) 860-2442 within the U.S. or (412) 858-4600 outside the U.S. Participants should reference American DG Energy to access the call. The earnings press release will be available on the Company website at in the “Investors” section under “news Releases.” This call will be available for playback through Wednesday, March 5th. To listen to the playback, call (877) 344-7529 for U.S. and (412) 317-0088 outside the U.S. and use the Playback Code of 416698.

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