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Filed pursuant to Rule 424(b)(3)
Registration No. 333-60925
PROSPECTUS SUPPLEMENT TO PROSPECTUS DATED JULY 14, 2000
METRETEK TECHNOLOGIES, INC.
839,675 SHARES OF COMMON STOCK
136,263 COMMON STOCK PURCHASE WARRANTS
This prospectus supplement supplements the prospectus, dated July 14,
2000, of Metretek Technologies, Inc. relating to the public offering of shares
of common stock by Metretek upon the exercise of outstanding common stock
purchase warrants, and of the resale of common stock purchase warrants by a
selling securityholder.
The third paragraph on page 23 of the prospectus, under the section
entitled "Dealer Manager Arrangement", should be deleted in its entirety and the
following paragraph should be substituted in its place:
"Under the terms of the dealer manager agreement and in
consideration of Stifel's obligations under that agreement, we have
agreed to pay Stifel a consulting fee of $25,000 for advisory services,
plus a commission of $0.15 per warrant exercised to the extent such
amount exceeds $25,000. The $0.15 commission being paid to Stifel will
only be paid on the 839,675 shares issuable upon exercise of the
warrants subject to the redemption notice, but will not be paid on the
resale of the 136,263 warrants held by the selling securityholder. We
have agreed to reimburse Stifel for up to $20,000 of its reasonable
out-of-pocket expenses and legal fees, in connection with the
transactions contemplated by the dealer manager agreement. We have
agreed to indemnify Stifel against liabilities, including liabilities
under the Securities Act, or to contribute to payments which Stifel may
be required to make relating to those liabilities."
The new paragraph above also modifies the amount of the dealer manager
commissions listed in the table on the cover page of the prospectus.
The date of this prospectus supplement is July 28, 2000.