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ClickableOil Reports a 69% Increase in Revenue for February Business Editors / Energy Editors
MOUNT VERNON, N.Y.--(BUSINESS WIRE)--March 16, 2006-- Clickable Enterprises, Inc. (OTCBB:CKEI), the first Internet-based home heating oil company, announced today that revenue for February 2006 increased to $791,768 from $469,287 during the same month last year, representing a 69% increase in revenue. Gallons of heating oil sold in February to residential and commercial customers increased to 355,942 from 294,771 gallons sold during February 2005, representing a 21% increase in gallons sold.
Nicholas Cirillo, Jr., president of Clickable Enterprises said, "The revenue increase we reported for February is particularly impressive considering the east coast has been experiencing warmer temperatures than normal for this time of year. We believe that our productivity reflects the additional customers we gained as a result of the acquisitions and agreements we completed last year, including our successful run with Google, Inc. (NASDAQ:GOOG)." Cirillo added, "The consumer's desire to research and retain the cost-effective heating oil services that ClickableOil.com provides also adds to the tremendous season we are having."
ClickableOil.com more than doubled its gross profits for February totaling $162,976, compared with $67,344 during February 2005, for a 142% gross profit increase. Contribution to overhead for February was also significantly higher at $99,177, compared with $22,515 for February 2005, representing a 340% increase.
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 coast. For more information, please visit http://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.
KEYWORD: NORTH AMERICA NEW YORK UNITED STATES INDUSTRY KEYWORD: ENERGY UTILITIES EARNINGS SOURCE: Clickable Enterprises, Inc.
CONTACT INFORMATION: for Clickable Enterprises, Inc. Larry Fortune, 949-302-7769 larryfortune*consultant.com
Posts: 842 | From: Canada | Registered: Oct 2005
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LoRusso Oil Contributes Over $550,000 in First Year Revenue to ClickableOil Wednesday April 5, 8:30 am ET
MOUNT VERNON, N.Y.--(BUSINESS WIRE)--April 5, 2006--Clickable Enterprises, Inc. (OTCBB: CKEI - News), the first Internet-based home heating oil company, today announced first year revenue results from its acquisition of the assets of LoRusso Oil. Services to former LoRusso customers have generated $552,934 in revenue through the sale of 249,155 gallons of heating oil from the time Clickable Enterprises acquired the assets in February 2005 through February 2006.
Nicholas Cirillo, Jr., president of Clickable Enterprises stated, "This past February commemorated the first year that we operated the business acquired in the LoRusso Oil acquisition, which has proven to be accretive in terms of revenue and profitability, as well as a solid fit for our oil business." Cirillo explained, "The addition of LoRusso added virtually no financial overhead yet generated $552,934 in revenue over a 12-month period. It has also increased our geographic presence in the Northeast and added value to our customer portfolio."
ClickableOil's management team remains committed to preserving low oil prices for its customers while increasing gross profit margins for the company.
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 coast by way of acquisition and marketing efforts including its sponsorship agreement with Google, Inc. (NASDAQ:GOOG - News). For more information, please visit www.clickableoil.com.Posts: 141 | From: Dallas | Registered: Mar 2006
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