Able Energy Signs Joint Venture Agreement With Connecticut Energy Company.ROCKAWAY, N.J. -- Able Energy, Inc. announced today that it has executed a Joint Venture Agreement with Reliable Mechanical Contractors, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("Reliable") a minority owned, privately held Connecticut company. Reliable has a long history of success in the HVAC (Heating Ventilation Air Conditioning) In the home or small office with a handful of computers, HVAC is more for human comfort than the machines. In large datacenters, a humidity-free room with a steady, cool temperature is essential for the trouble-free business in the greater Hartford area and substantial experience in bidding on contracts awarded by governmental entities for the public sector. The Joint Venture will bid on contracts to develop and establish a retail business for the sale of heating oil and diesel fuel to commercial and residential customers throughout the State of Connecticut focusing initially on the greater Hartford area. Able's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Gregory D. Frost stated, "We are extremely excited to have this opportunity to join forces with an established company like Reliable which has proven over a 15 year period to be a successful business providing professional heating and cooling services to Connecticut customers." Frost continued, "This new agreement will permit Able to expand its operations and make an immediate impact in a highly lucrative market." Able is a holding company for five operating subsidiaries, which are engaged in the retail distribution of, and the provision of services relating to, home heating oil, diesel fuel, and kerosene kerosene or kerosine, colorless, thin mineral oil whose density is between 0.75 and 0.85 grams per cubic centimeter. A mixture of hydrocarbons, it is commonly obtained in the fractional distillation of petroleum as the portion boiling off . In addition, Able provides complete HVAC installation and repair. Able's common stock is traded on the NASDAQ Capital Market Originally called the NASDAQ Small Cap Market, NASDAQ announced a name change to the NASDAQ Capital Market on September 27, 2005. [1] The NASDAQ Capital Market exists for securities of smaller, less-capitalized companies (small caps) that do not qualify for under the symbol "ABLE" and on the Boston Stock Exchange The Boston Stock Exchange (BSE) is a regional stock exchange located in Boston, Massachusetts. The third-oldest stock exchange in the United States, it was founded in 1834. On October 2nd, 2007 Nasdaq agreed to acquire BSE for $61 million. under the symbol "AEI AEI American Enterprise Institute AEI Archive of European Integration AEI Australian Education International AEI Automotive Engineering International AEI Australian Education Index AEI Albert Einstein Institute ". This announcement includes forward-looking statements based on current expectations. Actual results may differ materially. These forward-looking statements involve a number of risks and uncertainties including, but not limited to, the closing of future financing rounds, the possibility of continuing operating losses, the ability to adapt to rapid technological change, the receipt and fulfillment of new orders for current products, the timely introduction and market acceptance of new products and the ability to establish and maintain strategic partner relationships. |
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