Media Release
JACKGREEN SIGNS 25,000 Customers Ahead of Target
28th February, 2006
Jackgreen announced today that it has recently signed its 25,000th customer and has done so ahead of plan. Almost twelve months ago the company had issued an update, forecasting that it would hit 25,000 customers by the end of March 2006.
According to Managing Director Andrew Randall, “25,000 customers is a great landmark for the company. As the more recent of these customers transfer and become paying customers the company will become cash flow positive.”
The encouraging sales performance has the company well positioned to reach its next milestone target of 100,000 customers within 12 months, as it increases its presence in Victoria and opens in South Australia. This forecast performance targets the company’s net profit after tax expectation in the vicinity of $5 million for the year ending June 2007.
“We are very clearly growing strongly and are one of the fastest growing energy retailer’s in Australia” stated Mr Randall. The Board and Management have set a target to reach a customer base of 300,000 over the next 3 years.
Jackgreen is Australia’s dedicated renewable energy retailer and is licensed to retail electricity in New South Wales, Victoria, South Australia, and is a licensed gas retailer in New South Wales and South Australia. It has recently received Green Power accreditation for its JackGreen Power™ product.