• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Amerex Energy Services and Armstrong Service Join Forces to Reduce Customers' Energy Costs

Posted on: Monday, 22 December 2008, 09:14 CST

HOUSTON, Dec. 22 /PRNewswire/ -- Amerex Energy Services, the nation's premier energy consulting company has joined forces with Armstrong Service, Inc. (ASI), a global leader in utility system optimization to provide a full-service energy offering designed to reduce all aspects of customer energy costs, in both physical usage and the actual price of the energy commodity itself.

The alliance between the two industry leaders will provide customers the ability to gain control over the financial side of energy via an effective, customer specific energy acquisition program from Amerex, while realizing additional cost savings through the elimination of excessive energy waste through ASI's state-of-the-art energy management program.

"The alliance between Amerex and Armstrong is an obvious and natural fit," stated Rush Bergman, Director of Business Development for Amerex Energy Services. "Amerex's award-winning energy consulting services have saved our customers millions of dollars. Combined with ASI's proven history of demand side management successes, the alliance brings an extremely effective cost-saving energy acquisition and efficiency program to C & I customers. The potential benefit to the consumer is enormous."

"ASI has a proven track record of lowering energy consumption and reducing harmful environmental emissions for a wide-range of customers throughout North America and around the world," said Hazen Kreis, Director of Business Development for Armstrong Service, Inc. "The power of this partnership truly lies in our ability to derive an economic advantage, while simultaneously reducing energy consumption and driving sustainable gains for our customers."

About Amerex Energy Services

Amerex Energy Services is a division of Amerex Brokers LLC. Amerex Energy Services is a national energy consultant that provides industrial, commercial and institutional clients with a wide array of sophisticated energy and energy-related financial tools designed to provide a stable platform to manage risk. Founded in 1978, Amerex is a leading over-the-counter energy brokerage offering services in electricity, natural gas, emission credits and allowances, renewable energy credits, retail energy procurement and energy data services. From its office in Houston, Amerex offers liquidity and timely execution to meet the needs of a global client network of more than 1,000 firms including thousands of traders and risk management professionals. For additional information, please visit www.amerexenergy.com. Amerex Brokers LLC is a wholly-owned subsidiary of GFI Group Inc. (Nasdaq: GFIG), a leading inter-dealer broker specializing in over-the-counter derivatives products and related securities. GFI provides brokerage services, market data and analytics software products for a range of credit, financial, equity and commodity instruments. GFI operates one of the largest OTC energy brokerage businesses in North America both directly and through its Amerex and StarSupply businesses.

About Armstrong Service, Inc.:

Armstrong Service, Inc. (ASI) is a wholly owned subsidiary of Armstrong International, a 108-year-old, family-owned company headquartered in the United States, with manufacturing, sales and seminar centers located throughout North America, Europe and Asia. Armstrong Service expands on its century of steam process expertise by providing energy management services ranging from asset purchase and lease arrangements to engineering analysis and turnkey installations. Additional information about Armstrong Service can be found at: armstrongservice.com, or armstronginternational.com/service-solutions.

For more information, contact: Melissa Mundy Marketing Director Amerex Brokers LLC 281-340-5206 mmundy@amerexenergy.com

Forward-looking statement

Certain matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "might," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: economic, political and market factors affecting trading volumes; securities prices or demand for the Company's brokerage services; competition from current and new competitors; the Company's ability to attract and retain key personnel, including highly-qualified brokerage personnel; the Company's ability to identify and develop new products and markets; changes in laws and regulations governing the Company's business and operations or permissible activities; the Company's ability to manage its international operations; financial difficulties experienced by the Company's customers or key participants in the markets in which the Company focuses its brokerage services; the Company's ability to keep up with technological changes; and uncertainties relating to litigation. Further information about factors that could affect the Company's financial and other results is included in the Company's filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Amerex Brokers LLC

Source: PR Newswire

More News in this Category