Clickable Enterprises Acquires Oil Business Adding Approximately $1.7 Million in Annual Revenue
Dec 11, 2006 8:53:00 AM
Copyright Business Wire 2006
LARCHMONT, N.Y.--(BUSINESS WIRE)--
Clickable Enterprises, Inc. (CKEI.PK) the first Internet-based home heating oil company, announced today that it acquired a regional oil company that will provide Clickable Enterprises with over 500 new customers, increasing its annual oil sales by over 750,000 gallons, or approximately $1.7 million in revenue.
Nicholas Cirillo, Jr., president of Clickable Enterprises said, "This acquisition of another turnkey operation increases the density of our business, as our new customers reside within our existing territory. We are excited about this opportunity to provide more consumers with an affordable solution to heating oil services as we continue to focus on acquisitions that will grow our business and increase profitability and shareholder value."
The company expects to absorb this acquisition with virtually no additional overhead.
Clickable Enterprises is committed to providing low-cost and efficient heating oil services, as it continues to grow along the East Coast through marketing efforts, including its sponsorship agreement with Google, Inc. (NASDAQ:GOOG), the world's largest Internet search engine, promotions and acquisitions.
