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Press Release Source: Clickable Enterprises, Inc.
Revenue Continues to Rise for Clickable Enterprises with 94% Increase in April
Wednesday June 20, 8:43 am ET
Gross Profit Inflates to 175% for the Month Compared with Same Period Last Year
LARCHMONT, N.Y.--(BUSINESS WIRE)--Clickable Enterprises, Inc. (CKEI.PK), the first Internet-based home heating oil company, announced today that it generated $680,099 in revenue for April, compared with $350,677 in April 2006, representing a 94% increase. 276,027 gallons of oil were sold, compared with 147,629 gallons sold in April 2006, representing an 87% increase. Gross profit was $141,351, compared with $51,454 in April 2006, representing a considerable 175% increase.
"This is an encouraging beginning to what we expect will be a very strong fiscal 2008," said Nicholas Cirillo, Jr., president of Clickable Enterprises. Adding, "Contribution to Overhead increased from $14,009 in April 2006 to $67,790 in April 2007, and we realized a slight decrease in Employee Expense from ($48,287) to ($47,829) for the same comparative period."
The company recently reported approximately $7.5 million in revenue for the fiscal year ended March 31, 2007, a 39% increase from its prior fiscal year.
About Clickable Enterprises
Clickable Enterprises, through its wholly owned subsidiary, ClickableOil.com, is the first Internet-based heating oil company to offer customers affordable heating oil services. Based in Larchmont, New York, the company specializes in price control, risk management and product positioning, leaving the oil delivery and services to specially chosen vendors. The company continues to grow through acquisitions and marketing, including its sponsorship agreement with Google, Inc. (NASDAQ:GOOG - News), the world's largest Internet search engine. Clickable Enterprises currently operates in New York, New Jersey, Pennsylvania and Connecticut, and has a license to operate in Maryland. For more information 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," 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 SEC, 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.
For Clickable Enterprises, Inc.
Larry Fortune, 949-916-2942
Source: Clickable Enterprises, Inc.