Big news this morning for CKEI:
Press Release Source: Clickable Enterprises, Inc.
ClickableOil's Fiscal 2006 Revenue Anticipated To Exceed $5 Million
Monday February 13, 8:30 am ET
Revenue Expected To More Than Double From Fiscal 2005
MOUNT VERNON, N.Y.--(BUSINESS WIRE)--Feb. 13, 2006--Clickable Enterprises, Inc. (OTCBB:CKEI - News), the first Internet-based home heating oil company, announced today that its wholly owned subsidiary ClickableOil.com, Inc. anticipates exceeding $5 million of revenue for its 2006 fiscal year end which ends this March 31st. This achievement will represent a more than 100% revenue increase compared with the $2.4 million it generated over its prior fiscal year.
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During the nine months ended December 31, 2005, the company earned $2,612,000 in revenue, with three major transactions completed during the period. The company's agreement with a heating cooperative that resulted in the sale of 136,817 gallons of heating oil, or $329,038, coupled with 229,905 gallons of heating oil sold or $522,135 in the aggregate from the Gedney and Allamuchy acquisitions, significantly contributed to this factor.
Nicholas Cirillo, Jr., president of Clickable Enterprises said, "We were determined this fiscal year to acquire more customers, sell more fuel oil and generate more revenue and net profits than ever before, and we have been successful. We are now in the midst of our busiest season, and despite the 30% warmer winter that the East coast is currently experiencing, our customer and sales volume remains high as we anticipate breaking the $5 million revenue mark by March 31st, which will more than double our revenue from last fiscal." Cirillo added, "Finally, our focus on margin enhancement was extremely effective. In a fuel market that oscillated more in a few hours than it used to in a week, we were still able to effectively maintain price protection for our customers while maintaining steady margins for the company."
Management's ability to absorb acquisition costs with virtually no added overhead, and its continuing and proven efforts in carrying out its business expansion plan has enhanced ClickableOil.com's reputation in the marketplace.
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.
Contact:
For Clickable Enterprises
Nicholas Cirillo, Jr., 914-699-5190
Source: Clickable Enterprises, Inc.
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