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Major International Hotel Chain signs Agreement with Green Energy Management To Install GEM's Proprietary Water System

GEM anticipates a successful outcome during the test period and believes the savings to its client will be substantial. If the hotels continue to use the System subsequently, they will pay GEM 50% of the savings on a monthly basis for a period of up to 5 years, with the option to renew for an additional 5 years.

"We are excited that a leading internationally recognized hotel brand has elected to install our Water Management System to verify the water savings," said Ronald Ulfers, the Company's President and Chief Executive Officer. "We believe that once they see the cost benefits of our System that they could expand adoption across hundreds of other properties they manage. Our Water Management System represents an ideal solution for hotels, condominiums, shopping centers and hospitals to reduce costs associated with water usage."

About Green Energy Management Services Holdings, Inc. (GEM)

Based in the eastern United States and providing its services to customers worldwide, GEM is a full service energy management company. GEM provides its clients all forms of energy efficiency solutions mainly based in two functional areas: energy efficient lighting upgrades and efficient water utilization. GEM is currently primarily involved in the distribution of energy efficient light emitting diode ("LED" ) units (the "Units" ) to end users who utilize substantial quantities of electricity. [GEM is also currently involved in the initial stages of customer installation of its Water Management System.] GEM structures its contracts with no upfront or maintenance costs to its customers and shares in the achieved energy[, water utilization] and maintenance savings.

GEM provides energy-saving technologies under long-term, fixed-price contracts. GEM provides and installs, on a turnkey basis, technology which should reduce by between 40-70% customers' monthly electric and other energy costs and reduce by between 10-30% customers' monthly water and sewer costs. GEM's goal is to capture a significant portion of this benefit over the life of the contract, in exchange for providing the equipment, maintenance, management and technical expertise.

Addressing the energy efficiency arena, GEM concentrates its marketing efforts within geographic regions exhibiting higher than average per kilowatt hour utility rates and having energy customers who consume higher than average quantities of energy. GEM then develops an energy efficiency/energy management program, which potentially provides end-users alternatives to decrease their energy consumption. Additionally, in many instances, GEM assumes the management and maintenance of its clients' lighting needs which affords its clients greater labor efficiencies.

GEM has patents pending in certain technology supporting its water management device and also provides other water management systems that reduce its customers' costs. GEM outsources its lighting replacement needs but those product providers all possess proprietary or patented technology.

Additional information on GEM may be found at www.gempowered.com.

Forward-Looking Statements

This press release contains certain "forward-looking statements" relating to the business of the Company, which can be identified by the use of forward-looking terminology such as "may," "will," "expect," "anticipate," "intend," "estimate," "believe," "project," "continue," "plan," "forecast," or other similar words, or the negative thereof, unless the context requires otherwise. These statements reflect management's current expectations with respect to future events and are subject to numerous risks, uncertainties and other factors that could cause actual results, events and developments to differ materially from those set forth in or implied by these forward-looking statements. Factors that could cause actual results, events and developments to differ include, but are not limited to, those described in the Company's reports on Forms 8-K, 10-Q and 10-K and proxy statements, which have been or will be filed by the Company with the Securities and Exchange Commission (the "SEC" ), including, without limitation, those facts listed under the caption "Risk Factors" in the Company's Annual Report on Form 10-K filed with the SEC on March 31, 2011. All forward-looking statements described herein are qualified by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. Many of the factors that will determine the outcome of the subject matter of this press release are beyond the Company's ability to control or predict. The Company undertakes no obligation and expressly disclaims any obligation, to revise or publicly update any forward-looking statements, or to make any other forward-looking statements, whether as a result of changed assumptions, new information, future events or otherwise.

Green Energy Management Services Holdings, Inc.
Investor Relations:
Ronald Ulfers, 225-364-2813
CEO