ClickableOil Grows Its Business By 93% in Calendar 2005
Tuesday January 24, 8:30 am ET
MOUNT VERNON, N.Y.--(BUSINESS WIRE)--Jan. 24, 2006--Clickable Enterprises, Inc. (OTCBB:CKEI - News), the first Internet-based home heating oil company, announced today that for the 2005 calendar year period its heating oil business grew by approximately 93% with the addition of approximately 2,500 customers during the 12 month period ended December 31, 2005. At December 31, 2005, the company's total number of heating oil customers soared to approximately 5,200 from 2,700 .
Nicholas Cirillo, Jr., president of Clickable Enterprises said, " Management's commitment to the company was the keystone to our significant growth in 2005. We are successfully implementing our business expansion plan that was devised early last year, completing a series of acquisitions and entering into a meaningful relationship with Google (NASDAQ:GOOG - News) during opportune market conditions. These collective efforts resulted in a 93% growth in our business over the twelve month period ended December 31, 2005. Moreover, we sold 2,014,000 gallons of fuel oil for the 2005 calendar year period compared with 1,613,000 gallons sold in the 2004 calendar year, or a 25% increase in gallons sold. Revenue for the 2005 calendar year totaled $3,975,000, as compared with $2,166,000 for the 2004 calendar year period , or an 84% increase in revenue."
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 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.
