Able Energy Chairman Named to "Top 40 Under 40"
Rockaway, New Jersey (March 13, 2002) - Tim Harrington, Founder, Chairman and CEO of Able Energy [NASDAQ: ABLE] was named this week to New Jersey's "Top 40 Under 40". Each year New Jersey Business News recognizes the top 40 leaders under 40 whose wealth of accomplishments, ambition and diversity are shaping the face of business in New Jersey. New Jersey Business News highlighted Tim's innovation and leadership in improving the way business is done in the petroleum industry. Able Energy's investment in PriceEnergy is an example of Tim's passion for doing things better. PriceEnergy's proprietary technology platform enables the company to sell, distribute and bill heating oil, diesel fuel, propane and energy related products and services at lower costs than competitive companies, permitting PriceEnergy to be the low cost operator.
"We've tried to think out of the box in an industry that's highly fragmented and hasn't embraced much new technology", commented Harrington. "Call it 'bricks and clicks', if you like, but we've combined our existing company with new technology, which lowers our costs and give our consumers convenience they cannot get anywhere else".
The "Top 40 Under 40" award is the most recent acknowledgement of Tim's industry leadership and innovative accomplishments. Ernst and Young has twice honored Tim as an Entrepreneur of the Year finalist in both 2000 and 2001. "Each year the most successful and innovative entrepreneurs are nominated for Entrepreneur of the Year, which honors the courage, imagination and the perseverance it takes to pursue the American dream".
Able is a holding company for five operating subsidiaries that are engaged in the retail sales, distribution, and provision of services to customers using home heating oil, fuel oil, and propane gas. In addition, Able provides complete HVAC sales, installation, maintenance, and repair. Able's common stock is traded on the Nasdaq SmallCap Market under the Symbol "ABLE" and on the Boston Stock Exchange under the Symbol "ABLE".
This press release contains certain forward-looking statements, including those regarding Able Energy, Inc. and its subsidiaries' expectations, intentions, strategies and beliefs pertaining to future performance. All statements contained herein are based upon information available to Able's management as of the date hereof, and actual results may vary based upon future events, both within and without Able management's control.
Contact Information:
Timothy Harrington
timh@ableenergy.com
(973) 625-1012