ClickableOil Signs Definitive Agreement with Consumer Advocacy Group.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 -- 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, announced today that its wholly owned operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. ClickableOil, Inc. ("ClickableOil") has signed a definitive agreement with a privately-held, New York-based consumer group that negotiates discounts for its heating oil buying members, which includes over 39,000 homeowners (the "Group"). The agreement, effective June 21, 2005, will provide ClickableOil with approximately 380 additional customers initially, growing its customer base to almost 4,000. Under the terms of the agreement, the Group will place members with ClickableOil whereby ClickableOil will provide the Group's members with home heating oil and general maintenance services, including an annual equipment cleaning and tune-up. Additionally, ClickableOil will offer a bundled maintenance contract to the Group's members. ClickableOil estimates that this transaction will initially add $600,000 in operating revenue operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. in fiscal 2006. The increased contribution margin from these accounts will create bottom-line benefits, as no additional overhead will be required to service the additional volume. This agreement demonstrates ClickableOil's success in implementing its strategy to seek opportunities that create situations of incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. revenues and contribution margins without incremental overhead additions. Nicholas Cirillo, Jr., president of Clickable Enterprises said, "Consumers are making it increasingly clear that they want to heat their homes as cost-efficiently as possible. This new arrangement enables us to meet homeowner's demand by providing our low cost oil combined with complimentary maintenance services. We are able to give customers what they want and expand our business geographically." ClickableOil has seen a dramatic increase in demand for its services as consumers are increasingly becoming aware of the Company's technology-driven, easy to use website that offers discounted heating oil, maintenance and services to consumers while revolutionizing the home heating oil industry. 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, Inc., is the first Internet-based home heating oil company. Based in New York, 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 primarily in the New York metropolitan region. 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 continue to grow geographically throughout New York, New Jersey, Pennsylvania Pennsylvania (pĕnsəlvā`nyə), one of the Middle Atlantic states of the United States. It is bordered by New Jersey, across the Delaware River (E), Delaware (SE), Maryland (S), West Virginia (SW), Ohio (W), and Lake Erie and New York , and eventually the entire Northeast. 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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