Clickable Enterprises Expands Product Offering; Additional Revenue Growth from Sales of Residual Fuel.MOUNT VERNON Mount Vernon, estate, United States Mount Vernon, NE Va., overlooking the Potomac River near Alexandria, S of Washington, D.C.; home of George Washington from 1747 until his death in 1799. , N.Y. -- Clickable clickable adj (COMPUT) → cliqueable clickable adj → cliccabile Enterprises, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CKEI), an Internet-based home heating oil company, today announced the completion and attainment of Residual Fuel Licenses. The licenses are a significant step in Clickable's strategy of expanding its business model to include sales of additional fuel sources. Moreover, the Residual Fuel Licenses allow Clickable to increase its target market from primarily residential accounts to include industrial accounts. Clickable Enterprises obtained licenses to sell heavier grade fuels in its market areas in a bid to provide alternative fuels to industrial accounts. The Company will maintain its consistent credit rules, and despite the history of credit exposure among commercial and industrial end-users of these products, Clickable has, and will only sell, accounts on a pre-paid or prompt-pay (COD) basis. This insures that costs are kept to a minimum and the Company is then able to pass the savings on to its customers. The Company anticipates that from its current client base alone, that Clickable will generate additional revenues of approximately $350,000 in fiscal 2006 from sales of residual fuels. "The fuel industry offers a tremendous amount of opportunity for a company such as Clickable Enterprises. We have seen significant growth in the home heating oil market and intend to replicate rep·li·cate v. 1. To duplicate, copy, reproduce, or repeat. 2. To reproduce or make an exact copy or copies of genetic material, a cell, or an organism. n. A repetition of an experiment or a procedure. our business model in other markets as we expand our product offering. We anticipate having the same level of impact in industrial fuels as we have had in the home heating oil market by providing quality service at lower prices," Clickable Enterprises 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. Nick Cirillo commented. About Clickable Enterprises, Inc. Clickable Enterprises, through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Clickableoil.com, is the first Internet-based home heating oil company. The Company leverages the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the and proprietary order processing and pricing software to offer its customers well priced home heating oil in the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of metropolitan region, including Westchester, Long Island, and parts of New Jersey and Pennsylvania. Clickableoil.com specializes in price control, risk management, and product positioning, leaving the physical transportation of the product to specially chosen vendors. The Company plans to grow geographically throughout the entire northeastern region of the U.S. 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , 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. |
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