2006-05-18 08:37 ET - News Release
MOUNT VERNON, N.Y. -- (Business Wire) -- May 18, 2006
Company Website: www.clickableoil.com
Clickable Enterprises, Inc. (OTCBB:CKEI), the first
Internet-based home heating oil company, announced today that the
company generated $5,052,237 in revenue for the fiscal year ended
March 31, 2006, meeting its expectations and more than doubling
revenue from the prior fiscal year which was reported at $2,442,466,
for an astounding 107% increase. 2,247,525 gallons of oil were sold
during fiscal 2006 compared with 1,546,294 gallons sold during fiscal
2005, for an increase of 45%. Gross profit more than quintupled at
$479,283, compared with $85,191 over prior fiscal, resulting in an
impressive 463% increase.
Nicholas Cirillo, Jr., president of Clickable Enterprises, said,
"For the three months ended March 31, 2006 revenue was $2,440,544
compared with $1,363,282 for the same period last fiscal, or a 79%
increase. Additionally, gross profit for the same comparative period
was $263,333 compared with $47,337 during the same period last fiscal,
or a 456% increase. These fiscal year results prove that we have been
able to keep our customer volume up through effective marketing,
acquisitions and reputable services despite the unusually warmer
weather that the East Coast experienced this past season. We are very
proud of and encouraged by these numbers and remain committed to
growing our business and increasing shareholder value."
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). 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.
Contacts:
For:
Clickable Enterprises, Inc.
Larry Fortune, 949-302-7769
larryfortune@consultant.com
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