BRIDGEWATER, N.J., May 9, 2012 /PRNewswire via COMTEX/ -- Energy Edge
Technologies Corporation (OTCBB: EEDG) has entered into a Strategic Alliance as
a Business Partner with 5LINX, one of the fastest growing privately held
companies in America as recognized by Inc. 500 Magazine. The agreement gives
Energy Edge the opportunity to provide residential consumers with savings on
their electric and gas bills in all deregulated states, as well as adding a
significant new cost savings component to EEDG's commercial and government
energy projects.
5LINX achieved revenues of $50 Million in 2010, over $100 Million in 2011, and
is projecting sales to more than double again in 2012. The company currently has
260 corporate employees and over 75,000 independent marketing representatives
worldwide. 5LINX was recently named the 76th largest direct sales company in the
world by Direct Selling News, placing them on an exclusive list with the likes
of Avon, Tupperware, and Mary Kay.
www.5LINX.com/products/5linx-energy-program/
"Adding the ability to help residential consumers switch to more competitive
rates for electricity and gas through 5LINX is a natural extension of our
success in the commercial, industrial and government sectors," stated Robert
Holdsworth, President of EEDG. "The 5LINX program represents an enormous
opportunity for EEDG to add immediate revenues and income for our shareholders
as well as the perfect vehicle for us to deliver on our ongoing commitment to
build a national sales force of highly skilled Military Veterans."
Energy deregulation represents a $500 Billion market of which approximately 90%
of consumers have not yet switched to a lower cost energy supplier. 5LINX is
successfully competing with traditional utilities by buying energy in the
wholesale market and delivering it to consumers at a lower cost, using that same
utility's own infrastructure. With deregulation scheduled to take effect in all
50 states by 2015, 5LINX is positioned to provide customers and business
partners across America with outstanding value and revenue potential.
"Warren Buffet stated in Forbes Magazine that the deregulation of energy will
create The Largest Transfer of Wealth in History, and 5LINX has been moving very
aggressively to take full advantage of this unique opportunity," said Terrence
Porter, Senior Vice President of 5LINX. "We are in the business of building
lucrative long-term residual income streams for our business partners and
independent representatives and believe that Energy Edge could be one of the
most successful and gratifying alliances we have formed. 5LINX has long been
committed to supporting our nation's Military heroes and by partnering with
Energy Edge and VetPower.org, the 'Investing in Veterans' charity that EEDG has
so generously funded from the start, we will now be able to positively impact
the lives of literally thousands of Veterans and their families," concluded
Porter.
Energy Edge (EEDG.OB) provides comprehensive "whole facility" energy efficiency
projects to reduce operating costs and CO2 emissions for new and existing
buildings. www.energyet.com
Contact:Jerry JenningsEmerson Gerard Associates
561-881-7318jerry@emersongerard.com
SOURCE Energy Edge Technologies Corporation
www.prnewswire.com
Copyright (C) 2012 PR Newswire. All rights reserved
-0-
KEYWORD: New Jersey
INDUSTRY KEYWORD: OIL
UTI
EUT
GAS
SUBJECT CODE: JVN
CXP
