Idleaire Technologies 8-K Idleaire Technologies Corporation Reports Second Quarter 2007 Operating Results

Exhibit 99.1

IDLEAIRE TECHNOLOGIES CORPORATION
REPORTS SECOND QUARTER 2007 OPERATING RESULTS

• 124 ATE-equipped locations in 33 states

• Second quarter net revenues increased 228% to $8.4 million

• Same-store utilization rates increased 71%,total usage increased 329%

• Fleet pay hours increased 470% to 1,370,000 hours billed

• Over 5.9 million gallons of fuel conserved year-to-date

• Over 139 million pounds of emissions eliminated year-to-date

KNOXVILLE, TENNESSEE — August 14, 2007 — IdleAire Technologies Corporation (IdleAire), the leading provider of ATE Advanced Travel Center Electrification^® (“ATE”) services to the long-haul trucking industry, today announced improved operating results for the quarter ended June 30, 2007, including a 228% increase in revenue from the second quarter in 2006 to $8.4 million, and a 329% increase in usage to 3.4 million hours used.

Value Proposition

“IdleAire’s value proposition has become even more important to the nation’s long-haul trucking fleets and drivers who are experiencing freight volume slow-downs as a result of the downturn in residential construction, continued high driver turnover/shortage and rising diesel fuel prices,” said Mike Crabtree, IdleAire Chairman, President and CEO. “Our comprehensive, ‘win-win-win’ solutions substantially reduce fleet operating costs, promote driver wellness, comfort and stress reduction by providing thermostatically controlled, clean, filtered HVAC without noise or vibration and enhanced communications and entertainment options; and eliminate air pollution from an idling diesel engine; and conserve fossil fuel energy resources.”

Network Deployment

During the second quarter, IdleAire installed its ATE systems at 10 new locations and added 598 ATE-equipped parking spaces in GA, MN, ND, NJ, NV, NY, TN, TX, UT and VA. As of June 30, 2007, IdleAire was operating 118 sites and 7,754 ATE-equipped parking spaces in 33 states. Today, we are operating 124 sites in 33 states with a total of 8,079 ATE-equipped parking spaces.

Utilization Initiatives and Operating Results

Total ATE system hourly usage increased 329% to 3.4 million hours in the second quarter of 2007 from 795,600 hours in the second quarter of 2006. We believe that this growth is consistent with (i) network expansion — the net addition of 81 sites and 5,810 average ATE-equipped spaces, (ii) site maturity — only 1,346 of the 7,393 average ATE-equipped spaces have an operating history of 12 months or more (the “core comp” sites), (iii) site staff training, (iv) fleet sales, (v) strategically-timed sales and marketing initiatives around our “life improved” theme, and (vi) warmer summer weather.

Hourly usage at “core comp” sites, our key “same store” sales metric increased 71% from 489,600 hours used (26.3% occupancy on a 24 hour basis) during the second quarter of 2006 to 837,100 hours used (28.4% occupancy) during the second quarter of 2007. For the six months ended June 30, 2007, IdleAire provided approximately 6 million hours of usage. IdleAire estimated that it has eliminated more than 139 million pounds of air pollution and conserved over 5.9 million gallons of diesel.

Fleet pay hours, a key demand-side performance metric, increased 470% — from 240,200 hours billed (30.5% of the total) for the second quarter 2006 to 1,370,000 hours billed (40.1% of the total) for the second quarter 2007.

Financial Results

Net revenues for the quarter ended June 30, 2007 were $8.4 million, a 228% increase over net revenues of $2.6 million for the quarter ended June 30, 2006. Net revenues for the six months ended June 30, 2007 were $14.9 million, a 253% increase over net revenues of $4.2 million for the six months ended June 30, 2006. For the quarter ended June 30, 2007 compared to the quarter ended June 30, 2006, the average number of ATE-equipped spaces available for rent increased from 1,583 spaces to 7,393 spaces and total hours of usage increased from 0.8 million hours to 3.4 million hours. For the six months ended June 30, 2007 compared to the six months ended June 30, 2006, the average number of ATE-equipped spaces available for rent increased from 1,474 spaces to 7,146 spaces and total hours of usage increased from 1.3 million hours to 6.0 million hours.

Operating expenses increased $11.4 million or 94%, for the quarter ended June 30, 2007 compared to the quarter ended June 30, 2006, due principally to the “net” addition of 81 new sites and increased corporate overhead expenses. Similarly, operating expenses increased $24.9 million or 125% for the six months ended June 30, 2007 compared to the six months ended June 30, 2006. However, operating expenses as a percent of net revenues decreased significantly, principally due to economies of scale achieved as a result of our network expansion and the maturing of our sites.

Operating loss and net loss for the quarter ended June 30, 2007 were $15.0 million and $22.5 million, respectively, compared to an operating loss and net loss of $9.5 million and $13.9 million, respectively for the quarter ended June 30, 2006. Operating loss and net loss for the six months ended June 30, 2007 were $29.9 million and $44.4 million, respectively, compared to an operating loss and net loss of $15.7 million and $25.8 million, respectively, for the six months ended June 30, 2006.

As of June 30, 2007, we had cash, cash equivalents and short-term investments of $35.4 million available for network expansion and to fund interim operating losses. Additionally, we had $13.1 million of deposits with suppliers and $25.7 million in work-in-process inventory available for network expansion.

As previously disclosed, we expect to incur operating and net losses for the near future as we continue our deployment, enhance our customer support, invest in marketing and sales strategies to drive top-line growth and improve our financial and operational reporting capabilities.

Conference Call

IdleAire will host a conference call to discuss second quarter 2007 results tomorrow, August 15, 2007, at 10:00 a.m. EST. Dial in for this interactive teleconference toll free at 800-369-1125, access code 8441617. A recording of the call will be available an hour after the live call ends and will be available until 11:59 p.m. Eastern Time August 22. During that time the recording can be accessed by calling toll free 866-435-5405 and using access code 4607.

About IdleAire

IdleAire Technologies Corporation is the leading provider of comprehensive in-cab idle reduction, driver work environment, communication, safety and other training services to the long-haul trucking industry. IdleAire’s ATE technology reduces idling costs for a truckload carrier, provides valuable driver retention and recruitment benefits, promotes driver health and wellness and improves highway safety. Additionally, the IdleAire solution improves air quality by reducing noxious emissions, including ozone-depleting greenhouse gases. IdleAire is committed to developing a nationwide network of locations and building value for its stakeholders. IdleAire provides its ATE services at travel centers and fleet terminals throughout the continental United States. Please visit IdleAire’s website atwww.idleaire.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to our expected business outlook, anticipated financial and operating results, our business strategy and means to implement the strategy, our objectives, the amount and timing of capital expenditures, the likelihood of our success in expanding our business, financing plans, budgets, and working capital needs and sources of liquidity, which involve risks and uncertainties that cannot be predicted or quantified, and consequently, actual results may differ materially from those expressed or implied herein. Such risks and uncertainties include, but are not limited to, demand and utilization of our ATE systems, the number of parking spaces and locations we expect to install, competition, the seasonal nature of our business, economic conditions, regulatory matters, litigation, our negotiation of agreements with third parties and other risks described from time to time in our filings with the Securities and Exchange Commission. In addition, construction projects such as the rollout of our ATE system entail significant risks, including local building permit approval, shortages of materials or skilled labor, dependence on third party electrical power and telecommunications providers, unforeseen regulatory problems, work stoppages, weather interference, and unanticipated cost increases. There can be no assurance that construction commitments will be met. All forward-looking statements are based on our current expectations about future events.

Contact:

      John Doty (865) 437-3659
     Media Relations, IdleAire Technologies Corporation

     James H. Price (865) 437-3640
     Investor Relations, IdleAire Technologies Corporation

IdleAire Technologies Corporation

Condensed Balance Sheets
(Unaudited)

	June 30,			December 31,
	2007			2006
Assets
Current assets:
Cash and cash equivalents	$	19,423,293		$	16,632,466
Short-term trading securities		14,900,000			15,000,000
Accounts receivable		1,494,660			5,587,935
Inventories		772,020			950,742
Prepaid expenses and other current assets		2,141,013			1,915,075
Total current assets		38,730,986			40,086,218
Restricted cash and investments		1,065,526			39,221,783
Deposits with vendors		13,091,102			15,974,745
Property and equipment, net		156,092,600			137,507,599
Deferred financing costs, net		28,735,860			29,452,860
Other assets		433,185			110,130
Total assets	$	238,149,259		$	262,353,335
Liabilities and stockholders’ deficit
Current liabilities:
Accounts payable	$	1,989,351		$	6,222,687
Accrued expenses		7,396,592			5,672,425
Deferred trade revenue		1,765,626			1,221,147
Deferred grant revenue		2,301,447			1,161,344
Total current liabilities		13,453,016			14,277,603
Deferred grant revenue		12,436,374			10,812,118
Other liabilities		3,691,265			2,965,167
Secured convertible notes		100,000			100,000
Senior secured discount notes		252,805,994			234,510,984
Total liabilities		282,486,649			262,665,872
Stockholders’ deficit:
Series A convertible preferred stock, $0.001 par value; 22,000,000 shares authorized, 17,171,448 shares issued and outstanding		30,349,676			30,349,676
Series B convertible preferred stock, $0.001 par value; 13,000,000 shares authorized, 12,566,774 shares issued and outstanding		48,673,927			49,055,727
Series C convertible preferred stock, $0.001 par value; 11,000,000 shares authorized, 4,473,032 shares issued and outstanding		22,155,254			22,155,254
Common stock, $0.001 par value; 200,000,000 shares authorized, 48,827,414 and 48,646,610 shares issued at June 30, 2007 and December 31, 2006, respectively		48,827			48,647
Stockholder subscription receivable		(925,000	)		(925,000	)
Treasury stock, 111,111 common shares, at cost		(200,000	)		(200,000	)
Additional paid-in capital		53,011,759			52,207,709
Accumulated deficit		(197,451,833	)		(153,004,550	)
Total stockholders’ deficit		(44,337,390	)		(312,537	)
Total liabilities and stockholders’ deficit	$	238,149,259		$	262,353,335

IdleAire Technologies Corporation

Condensed Statements of Operations
(Unaudited)

	For the Three Months Ended						For the Six Months Ended
	June 30,						June 30,
	2007			2006			2007			2006
Net revenues:
Basic and premium services, net	$	7,189,035		$	1,764,603		$	12,534,291		$	2,793,681
Ancillary product sales		508,702			224,638			956,880			328,934
Grant revenues		637,092			479,388			1,208,769			917,385
Other revenues		77,513			92,446			174,543			173,650
Total net revenues		8,412,342			2,561,075			14,874,483			4,213,650
Operating expenses:
Direct site operating costs		12,335,096			4,018,632			23,505,419			6,490,130
Cost of ancillary product sales		317,718			163,536			564,425			244,588
Depreciation and amortization		5,250,491			1,573,988			10,094,836			2,933,422
Selling, general and administrative expenses		5,428,728			3,683,122			10,421,208			7,608,621
Impairment of long-lived assets		—			1,303,885			—			1,303,885
Loss on settlement of asset retirement obligation		—			316,807			—			316,807
Loss on disposal of fixed assets		54,412			970,242			177,234			988,623
Total operating expenses		23,386,445			12,030,212			44,763,122			19,886,076
Loss from operations		(14,974,103	)		(9,469,137	)		(29,888,639	)		(15,672,426	)
Interest income		564,961			2,218,700			1,427,221			4,330,105
Interest expense		(8,102,475	)		(6,634,079	)		(15,985,865	)		(14,484,711	)
Net loss	$	(22,511,617	)	$	(13,884,516	)	$	(44,447,283	)	$	(25,827,032	)