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ClickableOil.com Closes Additional Acquisition; Deal Brings in over 1,000 New Customers and Approximately $1.6 Million in Revenues 10/26/05
MOUNT VERNON, N.Y., Oct 26, 2005 (BUSINESS WIRE) -- Clickable Enterprises, Inc. (OTCBB:CKEI), the first Internet-based home heating oil company, announced today that its wholly owned subsidiary ClickableOil.com, Inc. acquired certain intangible assets of Allamuchy Transport, Inc., a northern New Jersey-based home heating oil distribution company that will provide ClickableOil.com with over 1,000 additional customers and add approximately $1.6 million in annual revenue. The company expects to absorb this acquisition with virtually no additional overhead.
Nicholas Cirillo, Jr., President and CEO of Clickable Enterprises said, "The Allamuchy acquisition strengthens our ability to undertake turnkey operations and increases our geographical presence in the Northeast, particularly in northern New Jersey." Cirillo added, "We have an opportunity to provide over a thousand more heating oil consumers with an affordable solution to the current oil crisis, which remains a priority."
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 Mount Vernon, New York, ClickableOil.com 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. It continues to grow geographically along the east coat. For more information, please 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.
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