NEW ORLEANS, LA – March 3, 2008 - Thermo Credit, LLC, a funding company focused exclusively on opportunities in the telecommunications industry, announced today that it has entered into an agreement with Telkonet, Inc., a provider of solutions for broadband data networking and energy management. The contract provides for $2.5 million in financing based on accounts receivable.

Seth Block, Executive Vice President of External Operations for Thermo Credit commented, “We are very excited to be putting this facility in place for Telkonet. We believe their cutting edge technology combined with the right capital structure is a formula for success.”

Maryland-based Telkonet, Inc. is a leading provider of solutions for integrated energy management, networking, building automation and proactive service across commercial, industrial and government applications.

About Thermo Credit, LLC

Thermo Credit, LLC (www.thermocredit.com) is a financial services company focused exclusively on the telecommunications industry. Thermo Credit serves established, well-run companies that need capital to expand or improve their operations. The company provides asset based solutions, loans, lines of credit and capital investment programs to every segment of the telecommunications market. For more information, visit www.thermocredit.com or contact Seth Block at 504-620-3101.

About Telkonet

Telkonet (www.telkonet.com) specializes in integrated solutions for broadband data networking and energy management, including in-building powerline communications (PLC) technology. Headquartered in Germantown, Maryland, USA, Telkonet serves thousands of customers worldwide. Telkonet’s technology innovation is underpinned by end-to-end quality of service and comprehensive customer support.