Inc. 500 Recognizes Ambit Energy as America’s Fastest Growing Private Company

Dallas-based energy provider achieves three-year sales growth of more than 20,000 percent

Ambit Energy, a leading national retail energy provider based in Dallas, achieved the No. 1 position on Inc. magazine’s 28th annual Inc. 500, an exclusive ranking of the nation’s fastest-growing private companies, which was released today nationwide. The ranking measures revenue growth between a three-year span – 2006 through 2009. Ambit Energy generated $1.6 million in annual revenue in 2006. By 2009, the company’s annual revenue soared to $325 million – a three-year sales growth of 20,369 percent. “We are thrilled and honored to achieve the number one ranking. When Chris Chambless, John Burke and I began a few years ago, our goal was to be the finest and most respected retail energy company. We never focused on becoming the fastest growing,” said Ambit Energy CEO Jere Thompson, Jr. Chambless, Ambit Energy’s chief marketing officer and Burke, Ambit Energy’s chief information officer, along with Thompson, got together with one vision – to bring exceptional service and value to Ambit Energy customers and to bring innovation to an industry that has not seen it in more than 100 years.

This commitment has been awarded on various levels prior to today’s announcement. In 2009, Southern Methodist University’s Cox School of Business listed Ambit Energy as the fastest growing privately held company in Dallas for the Dallas 100 Awards™. Concerning Ambit Energy’s direct sales channel, Direct Selling News awarded the company as one of its Global 100 best direct selling companies. Those honors have been culminated this year for its focus on proprietary software and database storage as Burke was selected as one of 2010 InfoWorld CTO 25 and was recognized as a Computerworld 2010 Premier100 IT Leader.

“In spite of this rapid climb to success in our industry, we have much more growth opportunity in front of us,” added Chambless. “We are blessed with great people throughout our corporate offices and our sales channel – a dedicated field of independent consultants – has fueled this growth. We believe the best is yet to come.”

“If you want to know which companies are going to change the world, look at the Inc. 500,” said Inc. editor Jane Berentson. “These are the most dynamic, fast-growth companies in the nation, the ones finding innovative solutions to problems, creating smart systems, and inventing products we soon discover we can’t live without. The Inc. 500 list is Inc. magazine’s tribute to American business ingenuity and ambition.”

For more information about Ambit Energy’s rates and services, please visit www.AmbitEnergyTexas.com

Ambit Energy Launching in Maryland

Ambit Energy Maryland is now a reality. For several years Ambit has looked at the Maryland marketplace as a potential expansion state and they recently announced at their annual Ambition sales convention that it will open on November 1st for service to its sales force of independent energy consultants across the country.

Initially the Ambit Energy service will only be available in the Baltimore Gas & Electric service territory which encompasses about 1.2 million business and residential customers across Baltimore City and all or part of 10 central Maryland counties. Baltimore Gas and Electric will continue to provide the delivery, service and maintenance for customers while Ambit will be retailer.

With this new territory, Ambit Energy’s 100,000 plus independent energy consultants will have the opportunity to gather customers throughout the BG&E service territory. Ambit has industry leading value to offer its customers as they are the only energy retailer offering customers the ability to earn free energy by referring friends and family to the service. This program essentially turns Ambit customers into walking billboards for the service as they are being rewarded to do so.

With this new territory Ambit looks to continue its aggressive growth history which has made it the number one fastest growing privately held company on the prestigious annual Inc 500 list. Expansion territories have long been a part of Ambit’s strategy and this year marks a new phase in the strategy because Ambit will follow the Maryland expansion with Pennsylvania in the first quarter of 2011.

Electricity choice in the state of Maryland has been available since July 2000, but residential choice has not fully developed until the past year or so as rate caps expire and competition thus moves into a fully deregulated and free market.