LOUISVILLE, KY (Oct. 19, 2004) – Genscape, Inc., the nation’s first and only supplier of real-time power generation information, has been named to Inc. Magazine’s 2004 Inc. 500, which honors the fastest-growing privately held companies in the U.S.

Genscape patented technology allows the company to determine power plant outputs and the health of the power grid in real time. Genscape collects this information from a network of almost 2,000 wireless monitoring devices across the United States and Europe. The company sells this critically important information about the power grid to a customer base that includes many of the world’s largest energy companies and various federal and state authorities. Genscape provides this information to its customers through its award-winning web-based interface, Genscape Power 2.3. Demand for Genscape’s unique service has led to a 20-fold increase in company revenues over the past four years. This performance was good enough to earn Genscape the 47th spot on the Inc. 500 list, and the highest ranking among all companies in the energy sector.

Genscape was founded in 1999 by former energy traders to serve the energy market’s need for better information. Genscape introduced its power monitoring technology in 2001, and the company’s network has developed rapidly since then to cover more than 400 power plants and power transmission pathways across the US and Europe. While continuing to grow the power monitoring network, the company’s recent expansion plans have included the development of monitoring technologies for additional energy markets such as natural gas and oil, and the creation of a publications division which provides important fundamental information for energy-related markets such as coal, emissions, and natural gas.

“We’ve been very fortunate to grow as we have”, said Sean O’Leary, Genscape’s co-founder and CEO. “The support we’ve received from the markets we’ve entered has been extraordinary and our staff has done a great job. We intend to use this recognition as a motivational tool to become a better company.”

Company co-founder and President Sterling Lapinski believe that the company has been able to crack the Inc. 500 by building a game-changing business model. “Market demand for Genscape’s service has been so great because the information we provide is radically superior to existing private and government services,” said Lapinski. “The Genscape model of creating market-driven information collection mechanisms has potential well beyond energy markets.”

The company’s technology has received numerous awards and the company’s co-founders were named Ernst & Young Entrepreneurs of the Year in 2003.

CORPORATE INFORMATION

Genscape Inc. was founded in 1999 and is privately held. GFI Energy Ventures, a leading private equity fund focused on the energy markets, and other investors acquired a majority interest in Genscape in August 2003. The company has 50 employees and is headquartered in Louisville, KY with European operations based out of Amsterdam, the Netherlands.

Inc. 500 AWARDS

The Inc. 500 ranks privately held companies according to averaged year-over-year sales growth over the past four years. With approximately 75% of all new job creation in the U.S. coming from small businesses, the Inc. 500 is a prescient indicator of the companies and industries that are driving the economy forward. Since 1982, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, The Princeton Review, Morningstar, E* Trade, Intuit, and Domino’s Pizza all appearing on the list before they became industry powerhouses.