Press Releases
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.
Able Energy Announces Stockholder Approval of Acquisition
Rockaway, New Jersey (September 6, 2006) – Able Energy (the “Company”) announced the results of a special meeting of its shareholders held on August 29, 2006. The meeting was convened to approve (1) the acquisition of substantially all of the operating assets of All American Plazas, Inc. (“AAP”) in exchange for the issuance of approximately 11.67 million shares of the Company’s common stock; (2) the ratification and approval of the July 2005 debenture financing and (3) to increase the Company’s authorized capital stock from 10,000,000 shares to 75,000,000 shares. Since All American is currently the largest shareholder of the Company and is a “related party”, Delaware law requires approval of at least 2/3 of the unrelated votes at the meeting for item (1) while items (2) and (3) requires a majority vote of those present at the special meeting. All three items were approved as follows: item (1), 96% of those unrelated shareholders present at the meeting voted in favor; item (2), 97% voted for approval; and item (3), 96% of the stockholders voted in favor of this item.
Able Energy Enters Into Joint Venture To Produce, Distribute and Sell Biodiesel Fuel
Rockaway, New Jersey (August 14, 2006) -- Able Energy (the "Company") announced today that it has executed a Joint Venture Agreement with BioEnergy of America, Inc. ("BEA"), a privately held Delaware corporation, for the purpose of producing and distributing Biodiesel at plants (the "Plants") to be constructed at truck stop plazas, home heating depots and terminals used to house petroleum products for distribution or resale. This joint venture will operate through USA Biodiesel LLC ("USA"), a New Jersey limited liability company in which the Company and BEA will each have a 50% membership interest.