Press Release Source: Clickable Enterprises, Inc.
Clickable Enterprises Meets Revenue Expectations with over $5 Million Generated in Fiscal '06
Thursday May 18, 8:37 am ET
Record Breaking Gross Profit of Nearly Half Million Dollars Results in 463% Increase
MOUNT VERNON, N.Y.--(BUSINESS WIRE)--May 18, 2006--Clickable Enterprises, Inc. (OTCBB:CKEI - News), the first Internet-based home heating oil company, announced today that the company generated $5,052,237 in revenue for the fiscal year ended March 31, 2006, meeting its expectations and more than doubling revenue from the prior fiscal year which was reported at $2,442,466, for an astounding 107% increase. 2,247,525 gallons of oil were sold during fiscal 2006 compared with 1,546,294 gallons sold during fiscal 2005, for an increase of 45%. Gross profit more than quintupled at $479,283, compared with $85,191 over prior fiscal, resulting in an impressive 463% increase.
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Nicholas Cirillo, Jr., president of Clickable Enterprises, said, "For the three months ended March 31, 2006 revenue was $2,440,544 compared with $1,363,282 for the same period last fiscal, or a 79% increase. Additionally, gross profit for the same comparative period was $263,333 compared with $47,337 during the same period last fiscal, or a 456% increase. These fiscal year results prove that we have been able to keep our customer volume up through effective marketing, acquisitions and reputable services despite the unusually warmer weather that the East Coast experienced this past season. We are very proud of and encouraged by these numbers and remain committed to growing our business and increasing shareholder value."
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 by way of acquisition and marketing efforts including its sponsorship agreement with Google, Inc. (NASDAQ:GOOG - News). 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, Inc.
Larry Fortune, 949-302-7769
larryfortune@consultant.com
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Source: Clickable Enterprises, Inc.
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