Word of the Day

Commodity

Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.

What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)

So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.

Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.

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Tuesday, July 01, 2008

EMCOR Group, Inc. Subsidiaries to Provide Electrical and Mechanical Infrastructure for University of California San Diego Medical Center Facility

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NORWALK, Conn., Jul 01, 2008 (BUSINESS WIRE) ----EMCOR Group, Inc. (NYSE: EME), a Fortune 500(R) leader in mechanical and electrical construction, energy infrastructure and facilities services for a diverse range of businesses, announced that its Dynalectric Company and University Mechanical & Engineering Contractors, Inc. (UMEC) subsidiaries have been awarded contracts to provide the entire electrical and mechanical infrastructure for the University of California San Diego (UCSD) Medical Center's new 128,000 square foot Sulpizio Family Cardiovascular Center, consisting of a new 4-story structure with two interstitial floors.

Dynalectric will provide all electrical systems for the facility including those for its fire alarm safety system, nurse call center, and security and telecommunications and systems. UMEC will provide the HVAC, including air handlers that deliver over 200,000 cfm, and plumbing systems for the Sulpizio Family Cardiovascular Center. The Cardiovascular Center will include patient care areas for UCSD's Thornton Hospital and will unify its ambulatory, clinical and inpatient heart and stroke care. It will integrate more than 20 examination rooms, four cardiac catheterization labs, four cardiac-sized operating rooms, 24 intensive care and intermediate care beds, expanded imaging labs, enhanced clinical research facilities, and an expanded emergency department with a total of 18 private exam stations.

"The combination of leading-edge technology and multiple complex systems and operations, not to mention research and patient care facilities, made this project an ideal fit with our extensive healthcare capabilities," said Philip Petersen, President & Chief Executive Officer of Dynalectric. "Hospital systems, by their very nature, are among the most critical and demanding", said Steve Shirley, President & Chief Executive Office of UMEC. "We are very excited about working with the UCSD Medical Center's new Cardiovascular Center on this start-of-the-art expansion, enabling us to demonstrate again our performance to rigorous and exacting specifications for which we have become known".

About EMCOR Group, Inc.

A Fortune 500 company with over $5.9 billion in annual revenues, EMCOR Group, Inc. (NYSE: EME) is a global leader in mechanical and electrical construction, energy infrastructure, and facilities services. EMCOR gives life to new structures and sustains life in existing ones by its planning, installing, operating and maintaining the sophisticated and dynamic systems that create facility environments---such as electrical, mechanical, lighting, air conditioning, heating, security and power generation systems---in virtually every sector of the economy and for a diverse range of businesses around the world. EMCOR represents a rare combination of reach with local execution, combining the strength of an industry leader with the knowledge and care of 170 locations worldwide. The 30,000 skilled employees of EMCOR have made the company, in the eyes of leading business publications, amongst America's "Most Admired" and "Best Performing." EMCOR's diversity---in terms of the services it provides, the industries it serves and the geography it spans---has enabled it to create a stable platform for sustained results. The Company's strong financial position has enabled it to attract and retain among the best local and regional talent, to undertake and complete the most ambitious projects, and to redefine and shape the future of the construction and facilities services industry. Additional information on EMCOR can be found at www.EMCORGroup.com.

This release may contain certain forward-looking statements within the meaning of the Private Securities Reform Act of 1995. Any such comments are based upon information available to EMCOR management's perception thereof, as of this date, and EMCOR assumes no obligation to update any such forward-looking statements. These forward-looking statements may include statements regarding market opportunities, market share growth, gross profit, project mix, projects with varying profit margins, and selling, general and administrative expenses. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Accordingly these statements are no guarantee of future performance. Such risk and uncertainties include, but are not limited to, adverse effects of general economic conditions, changes in the political environment, changes in the specific markets for EMCOR's services, adverse business conditions, availability of adequate levels of surety bonding, increased competition, unfavorable labor productivity, mix of business, and risks associated with foreign operations. Certain of the risks and factors associated with EMCOR's business are also discussed in the Company's 2007 Form 10-K, its Form 10-Q for the first quarter ended March 31, 2008, and in other reports filed from time to time with the Securities and Exchange Commission. All these risks and factors should be taken into account in evaluating any forward-looking statements.

SOURCE: EMCOR Group, Inc.

EMCOR Group, Inc. Mava Heffler, 203-849-7814 Vice President, Marketing & Communications or
   Media: Linden Alschuler & Kaplan, Inc. Suzanne Dawson/Cecile Fradkin 212-329-1420

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