Press Releases
Able Energy, Inc. Exchanges Assets for Stock in Exousia Advanced Materials, Inc.
NEW YORK, New York, January 13, 2010 Able Energy, Inc. (Other OTC: ABLE.PK - www.ableenergy.com) (Able), a company that engages in the retail distribution of home heating oil, kerosene, and diesel fuels to residential and commercial customers in New Jersey, New York, and Pennsylvania, has consummated transactions exchanging its inventories, equipment, fuel contracts, customer base, Rockaway, New Jersey terminal, and interest in PriceEnergy.com, Inc. (the Assets) for shares of stock in Exousia Advanced Materials, Inc., a Texas based company (Exousia). The transactions were approved by Ables Board of Directors and the written consent of holders of a majority of Ables issued and outstanding common stock authorized to vote to approve the transactions. Able retains two parcels of real estate; one in Newton, New Jersey and one in Warrensburg, New York. Able anticipates that it will shortly complete the sale of Warrensburg and thereafter will endeavor to sell Newton in separate transactions.
Able Energy Announces CFO Change
Rockaway, N.J.(BUSINESS WIRE) Able Energy, Inc. ("Able" or the Company) announced today that it has appointed John F. OBrien as Interim Chief Financial Officer to replace Daniel Johnston who is leaving the Company for personal reasons. Mr. Johnston will continue to assist the Company on a consulting basis as his time permits and as required by the Company.
PriceEnergy Adds Heating and Air Conditioning Service
Rockaway, New Jersey - PriceEnergy today announced that the company is now offering heating and air-conditioning service to their heating oil customers. Through an innovative agreement with Service Experts Inc., PriceEnergy's customers will now be able to access quality equipment and repair service for their heating and air conditioning systems. Starting this month, the service is open to PriceEnergy's customers in portions of Massachusetts and New Hampshire, but will be expanding after an initial introductory period. "Heating and air conditioning service has been the #1 most requested service from our customers", stated John Vrabel, president of PriceEnergy. "We are delighted to offer our customers not only quality HVAC service, but to do so with a company of the stature of Service Experts."
Able Energy Announces CEO Change And Business Combination
Rockaway, New Jersey (May 30, 2007) - Able Energy, Inc. ("Able") announced today that it is about to complete its business combination with All American Plazas ("AAP"), its largest stockholder. This business combination will result in Able Energy acquiring and operating eleven multi-use truck stop plazas owned by AAP. Able is also pleased to announce today that Gregory D. Frost is terminating his leave of absence from Able and returning to serve as Able's CEO and Chairman.
Able Energy, Inc. Requests Voluntary Delisting Of Securities From Nasdaq Capital Market
Rockaway, New Jersey (October 4, 2005) –Able Energy, Inc. ("Able") announced today that it has provided formal notice to the Nasdaq Stock Market of its intention to voluntarily delist the Company’s securities from Nasdaq Capital Market. The Board of Directors of the Company believes this action is in the best interests of the stockholders since it should allow the Company to complete the transactions which were previously approved by its stockholders, including the Company’s purchase of certain of the assets of All American Plazas, Inc. The Company had previously filed an initial listing application with Nasdaq to reflect its transaction with All American, and the Company does not believe that approval of such application is imminent.