Recognized leader in clean energy, technology, and systems
      integration to drive BRIDGE to the next level of growth

Marlborough, MA, Jan. 5, 2012 (GLOBE NEWSWIRE) -- BRIDGE Energy Group,
the leading Smart Grid IT services and software solutions provider,
today announced the appointment of David E. Olsson as Chief Executive
Officer. He will assume the role of CEO effective immediately.

Mr. Olsson is a recognized leader in clean energy, technology,
consulting services, products and systems integration. He has held
executive leadership roles with such firms as Verizon, Comverse
Technology, ADS, Logica, Darwin Partners and Anchor Point. Mr. Olsson
was also a Founding Fellow of the New England Clean Energy Council
(NECEC), a founding board member of the Massachusetts
Telecommunications Council (now Mass Technology Leadership Council -
MTLC) and a founder of the Telecom Expense Management Industry
Association (TEMIA).

Most recently, Mr. Olsson led eneStream, a management consulting firm,
helping companies architect more effective business strategies and
efficient business systems for exceptional business development,
marketing, operational and profitable outcomes.

 "I am delighted to join BRIDGE Energy Group at this pivotal point in
its history," said Dave Olsson, newly appointed CEO of BRIDGE. "BRIDGE
has excelled in establishing itself as a dominant provider of next
generation IT products and solutions to its utility industry clients,
and I look forward to working with the organization, in the ongoing
spirit of expansion and success."

Over the last few years, BRIDGE has been named to the Inc. 5000 two
years in a row as one of the fastest growing private companies in
energy. The company was also selected as a recipient of the 2011 CIO
100 award for its excellence in technological innovation coupled with
its lead role in accelerating the IT transformation required to achieve
Smart Grid objectives.

"On behalf of all of our employees and Board, I am very pleased to
welcome David Olsson to BRIDGE Energy Group," stated Colum Lundt,
Co-founder and President of BRIDGE. "Dave has an impressive background
and the right mix of services, solutions and software experience that
align well with BRIDGE's mission to help enable the industry's
transformation to a smarter grid."

The growing company anticipates that Mr. Olsson's innovative and
successful achievements as a strategist, market visionary, sales,
operations and product leader domestically and worldwide, will prove
invaluable in bringing BRIDGE Energy Group to the next level of market
leadership.

About BRIDGE Energy Group

BRIDGE Energy Group is the leading Smart Grid IT services and software
solutions provider for clients in the Utility industry.BRIDGE offers
business and IT transformation strategy planning as well as program
management and implementation services in support of key Market
Operations, Grid Operations and Smart Grid initiatives across
Generation, Transmission, Distribution, Independent System Operators
and Regional Transmission Operators.BRIDGE's software solution
offerings include SOA integration server, metering, settlements,
scheduling, billing software as well as conservation voltage reduction
(CVR).Founded in 2004, BRIDGE is headquartered in Marlborough, MA with
offices in Austin, TX; Albany, NY; Sacramento, CA; Rutland, VT;
Vancouver, WA; Ottawa, Canada and New Delhi, India.For more information
on BRIDGE, please contact 888-351-8999 or visit
http://www.BridgeEnergyGroup.com.




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CONTACT: Kerri MartinekDirector of Marketing617-851-1091KMartinek@BridgeEnergyGroup.com