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ClickableOil.com Acquires Gedney Fuel Corp.


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 adjcliccabile 
 Enterprises, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:CKEI), an Internet-based home heating oil company, announced today that 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, Inc. has acquired the assets of Gedney Fuel Corp., a Westchester County-based home heating oil distribution company.

The acquisition will provide ClickableOil.com with 400 additional heating oil customers, resulting in an approximate $900,000 increase in annual revenue to the company.

Nicholas Cirillo, Jr., president and chief executive officer of Clickable Enterprises said, "This acquisition solidifies our footprint in Westchester County. We are committed to effecting our business plan of rapidly growing our company through accretive acquisitions combined with aggressive marketing efforts." Cirillo added the acquisition will not add any additional fixed overhead costs overhead costs

see fixed costs.
 for the Company.

This transaction marks the second acquisition for ClickableOil.com this year.

About Clickable Enterprises, Inc.

Clickable Enterprises, through its wholly owned subsidiary, ClickableOil.com, Inc., is the first Internet-based home heating oil company. Based in Mount Vernon, New York For other places with the same name, see Mount Vernon (disambiguation).
Mount Vernon is a city in Westchester County, New York. It is just north of New York City's Bronx border.
, the company leverages the Internet and proprietary order processing and pricing software to offer its customers well priced home heating oil primarily 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. 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, 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, 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.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 27, 2005
Words:401
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