BRIDGEWATER, N.J., May 9, 2012 /PRNewswire/ -- Energy Edge Technologies Corporation (OTCBB: EEDG) has entered into a Strategic Alliance as a Business Partner with 5LINX, one of the fastest growing privately held companies in America as recognized by Inc. 500 Magazine. The agreement gives Energy Edge the opportunity to provide residential consumers with savings on their electric and gas bills in all deregulated states, as well as adding a significant new cost savings component to EEDG's commercial and government energy projects.
5LINX achieved revenues of $50 Million in 2010, over $100 Million in 2011, and is projecting sales to more than double again in 2012. The company currently has 260 corporate employees and over 75,000 independent marketing representatives worldwide. 5LINX was recently named the 76th largest direct sales company in the world by Direct Selling News, placing them on an exclusive list with the likes of Avon, Tupperware, and Mary Kay.
"Adding the ability to help residential consumers switch to more competitive rates for electricity and gas through 5LINX is a natural extension of our success in the commercial, industrial and government sectors," stated Robert Holdsworth, President of EEDG. "The 5LINX program represents an enormous opportunity for EEDG to add immediate revenues and income for our shareholders as well as the perfect vehicle for us to deliver on our ongoing commitment to build a national sales force of highly skilled Military Veterans."
Energy deregulation represents a $500 Billion market of which approximately 90% of consumers have not yet switched to a lower cost energy supplier. 5LINX is successfully competing with traditional utilities by buying energy in the wholesale market and delivering it to consumers at a lower cost, using that same utility's own infrastructure. With deregulation scheduled to take effect in all 50 states by 2015, 5LINX is positioned to provide customers and business partners across America with outstanding value and revenue potential.
"Warren Buffet stated in Forbes Magazine that the deregulation of energy will create The Largest Transfer of Wealth in History, and 5LINX has been moving very aggressively to take full advantage of this unique opportunity," said Terrence Porter, Senior Vice President of 5LINX. "We are in the business of building lucrative long-term residual income streams for our business partners and independent representatives and believe that Energy Edge could be one of the most successful and gratifying alliances we have formed. 5LINX has long been committed to supporting our nation's Military heroes and by partnering with Energy Edge and VetPower.org, the 'Investing in Veterans' charity that EEDG has so generously funded from the start, we will now be able to positively impact the lives of literally thousands of Veterans and their families," concluded Porter.
Energy Edge (EEDG.OB) provides comprehensive "whole facility" energy efficiency projects to reduce operating costs and CO2 emissions for new and existing buildings. www.energyet.com
Emerson Gerard Associates
SOURCE Energy Edge Technologies Corporation