Message #25 From:
Stock News Bot Date: December 11, 2006 05:53:00 AM
CKEI News Clickable Enterprises Acquires Oil Business Adding Approximately $1.7 Million in Annual Revenue
LARCHMONT, N.Y.--(BUSINESS WIRE)--Clickable Enterprises, Inc. (CKEI.PK) the first Internet-based home
heating oil company, announced today that it acquired a regional oil
company that will provide Clickable Enterprises with over 500 new
customers, increasing its annual oil sales by over 750,000 gallons, or
approximately $1.7 million in revenue.
Nicholas Cirillo, Jr., president of Clickable Enterprises said, “This
acquisition of another turnkey operation increases the density of our
business, as our new customers reside within our existing territory. We
are excited about this opportunity to provide more consumers with an
affordable solution to heating oil services as we continue to focus on
acquisitions that will grow our business and increase profitability and
shareholder value.”
The company expects to absorb this acquisition with virtually no
additional overhead.
Clickable Enterprises is committed to providing low-cost and efficient
heating oil services, as it continues to grow along the East Coast
through marketing efforts, including its sponsorship agreement with
Google, Inc. (NASDAQ:GOOG), the world's largest Internet search engine,
promotions and acquisitions.
About Clickable Enterprises, Inc.
Clickable Enterprises, through its wholly owned subsidiary,
ClickableOil.com, Inc., is the first Internet-based home heating oil
company to offer customers affordable home heating oil and related
services. Based in Larchmont, New York, the company specializes in price
control, risk management and product positioning, leaving the oil
delivery and services to specially chosen vendors. The company currently
operates in New York, New Jersey, Pennsylvania and Connecticut, and has
a license to operate in Maryland. For more information visit www.clickableoil.com.
This release and oral statements made from time to time by the
Company's representatives concerning the same subject matter may contain
"forward looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements can be
identified by introductory words such as "expects," "plans," "intends,"
"believes," "will," "estimates," "forecasts," "projects" or words of
similar meaning, and by the fact that they do not relate strictly to
historical or current facts. Many factors may cause actual results to
differ from forward-looking statements, including inaccurate assumptions
and a broad variety of risks and uncertainties, some of which are known
and others of which are not. Known risks and uncertainties include those
identified from time to time in the reports filed by the Company with
the Securities and Exchange Commission, which should be considered
together with any forward looking statement. No forward looking
statement is a guarantee of future results or events, and one should
avoid placing undue reliance on such statements.
