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April 7, 2011

World Energy $5.5M Offering

Worcester energy management services firm World Energy Solutions Inc. is selling $5.5 million in stock to pay for acquisitions and other strategic initiatives.

The company says it entered into agreements with several institutional investors to issue about 1.5 million shares of stock at $3.60 per share.

The offering is scheduled to close on April 11, subject to customary closing conditions.

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