MMC Energy, Inc. Announces Inquiry

New York (ots/PRNewswire) -

MMC Energy, Inc. (OTC Bulletin Board: MMCN) today announced that
it has learned that 1.0 million shares issued pursuant to a 12.0
million share private placement MMC consummated in May 2006 were
purchased by an entity controlled by Louis Zehil, who at the time of
the purchase was a partner of MMC's external legal counsel for the
transaction, McGuireWoods LLP. MMC believes that Mr. Zehil improperly
caused MMC's transfer agent not to place a required restrictive
legend on the certificate for these 1.0 million shares and that he
may then have caused the entity to resell some or all of these
shares. MMC currently has a total capitalization of 48.1 million
shares.

MMC learned of these circumstances in connection with its work on
a registration statement to permit resale of the shares issued in the
private placement. MMC has reported this matter to the Securities and
Exchange Commission and is working with its advisors to track the 1.0
million shares and take other action as may be appropriate. MMC has
been advised by McGuireWoods LLP that the firm also reported this
matter to the Securities and Exchange Commission.

About MMC Energy, Inc.

MMC Energy, Inc. is an energy acquisition company, which primarily
acquires and operates critical power generation and associated energy
infrastructure assets. MMC is headquartered in New York City and
traded on the NASDAQ OTC Bulletin Board in the United States and the
Deutsche Bourse in Germany.

MMC seeks to create long-term value for its shareholders through
deep value asset acquisitions and hands on post-acquisition asset
management.

MMC currently owns power generation assets in Southern California
and is pursuing a disciplined portfolio acquisition and growth
strategy targeting power generation facilities and energy
infrastructure assets primarily in California, Texas, Mid-Atlantic,
and the Northeastern U.S.

Additional information concerning MMC Energy is available at
http://www.mmcenergy.com.

Forward Looking Statements:

This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934. These
statements are expressed in good faith and based upon a reasonable
basis when made, but there can be no assurance that these
expectations will be achieved or accomplished. Although the
forward-looking statements in this release reflect the good faith
judgment of management, forward-looking statements are inherently
subject to known and unknown risks and uncertainties that may cause
actual outcomes to be materially different from those discussed in
these forward-looking statements. MMC assumes no obligation to update
any forward-looking statements in order to reflect any event or
circumstance that may arise after the date of this release, other
than as may be required by applicable law or regulation. Readers are
urged to carefully review and consider the various disclosures made
by MMC in its reports filed with the Securities and Exchange
Commission.

Web site: http://www.mmcenergy.com

ots Originaltext: MMC Energy, Inc.
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Denis Gagnon, Chief Financial Officer of MMC Energy, Inc.,
+1-212-977-0900, or dgagnon@mmcenergy.com