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ConsumerPowerline named to inc. 500 list of fastestgrowing companies for 2006ConsumerPowerline's three-year sales growth of 1,100% earns a nod from Inc. Magazine as one of the fastest-growing private companies in the United States.
New York City, NY August 23, 2006 -Inc. Magazine has named ConsumerPowerline (www.consumerpowerline.com), a leading strategic energy asset management firm, to its prestigious Inc. 500 list recognizing the company's 1,100% growth rate over the last three years. The list is determined using stringent accounting criteria and interviews with company management. ConsumerPowerline's official ranking on the list is No. 60.
When ConsumerPowerline was started in 2000 it initially operated out of the founder, Mike Gordon's one-bedroom apartment in Philadelphia. As its basic service, demand response, quickly gained acceptance in the New York City region the company took offices in one of its first client's buildings. Today the company's offices overlook New York Harbor and it has clients around the country including CB Richard Ellis, Starwood Hotels, Macys, NYU Medical Center, Morgan Stanley, New York Presbyterian Hospital, Hines Property Management, RFR Realty, Co-op City, Helmsley-Spear, Inc., The Empire State Building, Grenadier Realty, Praxair, Inc., United States General Services Administration and the State of Massachusetts.
ConsumerPowerline earns revenue by taking a portion of measurable value delivered to the end-users. In fact, when clients sign with the firm, the company does not charge these clients-it pays them. The company's mission is to help its customers-large scale energy consumers-- pay the least for what they use, get the most for what they buy, and earn the most for what they can reduce. The company empowers its clients with the flexibility to respond to future risks and market changes. Underpinning this all is the 'aligned incentive structure' whereby ConsumerPowerline continues to pay clients by identifying cash flows the client has overlooked, then retaining a portion of this cash before forwarding it to the client. During the last six years the company has grown to more than 30 employees and has paid its clients more than $18 million. Due to its phenomenal growth rate, most of these payments were over the last two years.
Over the years, the Inc. 500 index has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, The Princeton Review, Morningstar, Jamba Juice, Gateway, E*Trade, Intuit, and Domino's Pizza all appearing on the list before they became industry powerhouses.
To be eligible for this year's Inc. 500 index, companies had to be U.S.-based, independent and privately held through their fiscal year 2005, and have had at least $500,000 in net sales beginning the year 2002. In addition, their 2005 sales had to exceed 2004 sales. Companies are ranked on cumulative three-year sales growth from 2002 to 2005. Inc. verifies all information using tax forms and audited financial statements from certified Press Release public accountants and by conducting interviews with company officials. The Inc. 500 index can be found in the September 2006 issue of Inc. Magazine.
About ConsumerPowerline
ConsumerPowerline (www.consumerpowerline.com) is full service strategic energy asset management firm with a proven track record of helping its clients, large energy users, uncover hidden market revenues and cost savings opportunities available with their real estate assets. Currently, CPLN is the largest non-utility provider of demand response services in the U.S.
ConsumerPowerline enables its clients to make intelligent choices about the selection, sequencing and timing of capturing revenue and cost saving opportunities through a comprehensive energy management strategy that balances financial opportunities with operational requirements and tenant needs CPLN offers its clients a broad array of services, including tax credit optimization, energy curtailment, engineering demand response, and steam monitoring and management.
ConsumerPowerline's client list features notable public and private firms including: CB Richard Ellis, Morgan Stanley, Macy's, Starwood Hotels, Hines Property Management, Forest City Ratner Corporation, Co-op City, Macklowe Properties, RFR Realty, New York Presbyterian Hospital, NYU Medical Center, Newmark Properties, Douglas Elliman Property Management, Cooper Square Realty, Wentworth Management, Praxair, Inc., United States General Services Administration and dozens of other substantial end-users of energy.