Jun 22, 2006 (M2 PRESSWIRE via COMTEX News Network Clickable Enterprises, Inc (OTCBB:CKEI), is a company that our research team will be tracking over the ensuing weeks. They recently came out with a significant corporate development, causing a market stir. The BWR Research Team will continue to bring its subscribers cutting edge research tools, and second to none customer service.
Clickable Enterprises, Inc, 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.
Earlier this morning the company announced that it generated $313,600 in revenue for May, compared with $125,448 generated in May 2005, representing a 150% increase. 131,421 gallons of oil were sold, compared with 79,337 gallons sold in May 2005, for a 66% increase. Gross profit was $32,026 compared with $16,708 in May 2005, representing a 92% increase.
Nicholas Cirillo, Jr., president of Clickable Enterprises said, "The significant increase in revenue, gallons sold and gross profit is partially due to the counter cyclical business we recently engaged in which began in May and extends our oil season by six months."
Adding, "We also retained new customers through our sponsorship agreement with Google, Inc. (NASDAQ:GOOG) and via other marketing efforts." Not long ago the company signed a definitive agreement with a regional asphalt paving company, to provide 250,000 gallons of industrial-grade fuel during May through October, typically ClickableOil's "off season".
Nicholas Cirillo, Jr., president of Clickable Enterprises said, "This counter cyclical opportunity extends our oil season through the warmer weather months, adds $362,500 to our revenue and expands our business geographically." Cirillo adds, "We intend to pursue more prospects such as this that will grow our business during the months that follow our busy season."
ClickableOil recently reported revenue of $5,052,237 for the fiscal year ended March 31, 2006, meeting expectations and more than doubling revenue from its prior fiscal year. The company is committed to providing low-cost and efficient heating oil services as it continues to grow through marketing efforts and acquisitions.
Following the recent announcements from Clickable Enterprises, Inc, shares have traded up nearly 10% as they continue to experience significant growth over the last few months. Currently trading at $0.013, this company is still a significant value when compared to its 52-week high of $0.23. Although I do not feel that this company currently has what it takes to make it back to those levels, it remains undervalued and with continued growth could eventually return to those levels of success. The BWR Research Team will continue to follow the market sentiment on this company and numerous others.
To review research on small cap companies Clickable Enterprises, Inc, as well as many more exciting articles we encourage you to visit www.bellwetherreport.com. You can find these reports under the "Today's Articles" section. http://www.stockhouse.com/news/news.asp?newsid=3972547&tick=CKEI
|