Power Efficiency Corporation Wins Stevie Award for Energy Sales Organization of the Year
SugarCRM powers sales and marketing for industry-leading organization; second quarter sales increase by 400%
CUPERTINO, CA – December 10, 2007 – SugarCRM today announced that SugarCRM customer Power Efficiency Corporation was awarded the 'Energy Sales Organization of the Year' at the Selling Power Sales Excellence Awards in Las Vegas on December 6th.
The awards were jointly presented by Selling Power magazine, the leading sales management publication with 145,000 subscribers in 67 countries, and The Stevie Awards, which have been hailed as "the business world's own Oscars" by the New York Post.Companies of all sizes and across every industry were submitted for consideration in nearly 60 categories, including 'Best Run Sales Organization of the Year', 'Best Organization Achievement of the Year' and 'Best Team Performance of the Year'.
"We are honored to receive this Stevie Award and to be recognized as leaders in our industry," says Steven Strasser, Chairman and CEO of Power Efficiency. "Combining SugarCRM with Power Efficiency's strong sales team has significantly improved our sales results this year."
Power Efficiency is a provider of proprietary energy management technology solutions whose energy saving technology enables electric motors to perform at their optimum efficiency without affecting speed, while also increasing motor life. Customers may save up to 40 percent in energy savings in appropriate applications.
Power Efficiency selected Sugar to optimize their sales organization, which was geographically dispersed and lacked an internal application to store, manage and share customer data. SugarCRM provided Power Efficiency with a web-based CRM solution that allows it to centralize data and automate a number of internal processes, including purchase order workflow, product development, project management, bug tracking, customer support, vendor management and returns tracking.
"Sugar has been instrumental in helping grow our sales for the second quarter of this year by 400% over the second quarter last year," says B.J. Lackland, Chief Financial Officer at Power Efficiency. "We have a great product and great people, but having Sugar really keeps our organization focused on the task at hand."
"Congratulations to Power Efficiency for this recognition of their outstanding sales and marketing operations," says Lars Nordwall, Vice President of Worldwide Sales at SugarCRM. "Power Efficiency is another example of the power of the commercial open source model to drive tangible benefits in companies of all sizes."
Members of the Awards' Board of Distinguished Judges & Advisors and their staffs selected the Award winners from among the Finalists. Finalists were chosen by business professionals worldwide during preliminary judging.
SugarCRM is the world's leading provider of commercial open source customer relationship management (CRM) software for companies of all sizes. SugarCRM easily adapts to any business environment by offering a more flexible, cost-effective alternative than proprietary applications. SugarCRM's open source architecture allows companies to more easily customize and integrate customer-facing business processes in order to build and maintain more profitable relationships. SugarCRM offers several deployment options, including on-demand, on-premise and appliance-based solutions to suit customers' security, integration and configuration needs.
For more information, call (408) 454-6900 or 1 87 SUGARCRM tollfree in the US, email firstname.lastname@example.org, or visit www.sugarcrm.com.
About Power Efficiency Corporation
Power Efficiency Corporation (OTCBB: PEFF.OB), is a green energy company focused on efficiency technologies for electric motors. Power Efficiency is incorporated in Delaware and is headquartered in Las Vegas, Nevada. The Company has developed a patented and patent-pending technology platform, called E-Save Technology™, which has been demonstrated in independent testing to improve the efficiency of electric motors by 15-35% in appropriate applications. Electric motors consume over 25% of the electricity in the U.S. and many operate inefficiently. E-Save Technology™ can be licensed to motor, controls and equipment manufacturers. Power Efficiency's first product based on E-Save Technology ™ is a Motor Efficiency Controller for applications such as escalators, crushers, granulators, mixers, saws and MG elevators. Power Efficiency is also developing a new product based on E-Save Technology™ for the tens of millions of small motors found in applications such as residential air conditioning, pool pumps and clothes dryers. The company is working with manufacturers to incorporate this technology directly into new motors and appliances. For more information go to www.powerefficiency.com.
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; acceptance of the Company's products in the market; the Company's success in technology and product development; the Company's ability to execute its business model and strategic plans; and all the risks and related information described from time to time in the Company's SEC filings, including the financial statements and related information contained in the Company's SEC Filing. Power Efficiency assumes no obligation to update the information in this release.
About The Stevie Awards
Hailed as "the business world's own Oscars" by the New York Post (April 27, 2005), Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, The Stevie Awards for Women in Business and the Selling Power Sales Excellence Awards. Honoring companies of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.com.
About Selling Power
Selling Power is the world's leading sales management magazine with more than 145,000 subscribers in 67 countries. Learn more at www.sellingpower.com.
Power Efficiency Corporation
B.J. Lackland, CFO, (702) 697-0377
Kenneth Munson, VP Sales and Marketing, (702) 697-0377
Andrew Barwicki, Investor Relations, (516) 662-9461
Chris Harrick, 408.454-6947