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ConsumerPowerline, Posting Five-Year Revenue Growth Figures That Top Google's, Wins Deloitte Technology Fast 500 AwardInnovative Energy Firm That Generates Millions In Energy Savings For Its Clients, Nudges Out Web Information Search Giant In Deloitte Ranking Of Fastest Growing Companies In North America
NEW YORK, Oct. 19, 2006 - ConsumerPowerline (www.consumerpowerline.com), the energy asset management firm whose success has been built on the idea of paying rather than charging its clients-with current payments, through generation of new revenues for its clients, of more than $18 million dollars---has won the 2006 Deloitte Technology Fast 500 Award.
The national award, which recognizes the 500 fastest growing technology, media, telecommunications and life sciences companies in North America, based on five years of revenue growth (2001-2005), ranked ConsumerPowerline near the top of the list at 39-a ranking that places the innovative energy firm's revenue growth over the last five years at just above that of a once little known company named Google! Google placed 41 on the Deloitte Fast 500.
"It's exciting to be in such great company, knowing the scale of Google's accomplishments as well as the accomplishments of the other Fast 500 winners," said Vinay Gupta, chief operating officer of ConsumerPowerline. "It's gratifying to see that in providing our clients with tools and strategies for gaining greater control over their energy consumption, we're making the marketplace more responsive to the end user, while fostering a paradigm shift in local and regional energy markets. It affirms our mission to help customers pay they least for what they use, get the most for what they buy and earn the most for what they can reduce," he said.
ConsumerPowerline earns revenues by working with large energy users to strategically manage their energy assets, and then taking a portion of measurable value delivered to those end users. The company is a national leader in demand response programs, where customers receive a financial incentive for curtailing a small portion of their electricity, during a power-grid crisis; the energy that is saved can then be redistributed throughout the electricity grid to help reduce the threat of blackouts or brownouts.
On the heels of these efforts and others, ConsumerPowerline's revenues catapulted from $125,000 in 2001 to nearly $9 million in 2005, as measured by the Deloitte Technology Fast 500 Award.
The Deloitte Fast 500 national ranking follows a string of awards the company has garnered in recent months in recognition of its emergence as one of the country's leading innovators in the energy field.
In September, ConsumerPowerline received the Deloitte Technology Fast 50 Award-- a local ranking that qualified it for the national award-where it placed third in the New York region's top fifty list of fastest growing technology companies. In August, the company glossed the pages of Inc. Magazine, by making Inc's list of top 500 fastest growing companies. And in June, the firm's founder and president, Mike Gordon, won the 2006 Ernst & Young Entrepreneur of the Year Award for the New York Metro region's emerging business category.
ConsumerPowerline works in New York, California, Connecticut and throughout New England, with some of the nation's leading commercial, residential and industrial property owners including Starwood Hotels, Macys, CB Richard Ellis and others, to manage their participation in the local electricity markets, and has helped its clients turn their energy consumption into a recurring revenue source. The energy firm offers its clients a broad array of total energy management services, including generating energy tax savings opportunities; energy curtailment; steam monitoring and management; incentive optimization; and management of facility upgrade projects.
For more information on Deloitte's Technology Fast 500 program, visit www.fast 500.com
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 was recently selected for the Inc 500 list for 2006 as well as being the recipient of the Ernst & Young Entrepreneur of the Year Award for Emerging Business.
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 and dozens of other substantial end-users of energy.
PR Contact:
Nina Velasquez
Kwittken & Company
646.747.7161
nvelasquez@kwitco.com