****Trademark of Ambit Energy
Ambit Energy
Copyright Jeffrey Babener www.mlmlegal.com
Editor's Note:
Welcome to MLMLegal.Com Company Profiles at www.mlmlegal.com. Here you will find brief summaries of pertinent information about hundreds of MLM, Direct Selling, Direct Sales, Network Marketing and Party Plan Companies. As a general matter, the summary information is derived from Company published information, generally posted at Company websites, public information releases or posts at industry trade sites .*
Founding Story
Ambit Energy was founded in 2006. The CEO and Co-Founder, Jere Thompson, located the Ambit Energy offices in a renovated warehouse in downtown Dallas, Texas. In the beginning, the staff set up $19 fold-up tables as desks.
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Mr. Thompson was involved in the telecommunications industry as it went through deregulation. He founded CapRock Fiber Networks, a company involved in building fiber and broadband networks across Texas. Mr. Thompson also has previous experience at Trammell Crow Company and Goldman Sachs & Co.
Impact on the Industry
Ambit Energy is a member of the Direct Selling Association and the Better Business Bureau. Ambit Energy has been featured as “#1 Fastest-Growing Private Company in America” by Inc. 500 magazine.
Discussion of Products
Ambit Energy is a retail energy provider. The company maintains a Rewards Program that allows customers to earn free energy, receive welcome gifts, and benefit from monthly rewards.
The company’s website states the following regarding earning free energy:
When a minimum of 15 customers you refer pay their bills, you will receive a credit* on your Ambit Energy bill equal to the average amount of their payments. This credit applies every month as long as you maintain a minimum of 15 customers who pay their bills. If the average of your referred customers' monthly payments is equal to or more than your bill for the month, you pay nothing.Discussion of Opportunity
Ambit Energy offers distributor opportunities in California, Connecticut, District of Columbia, Illinois, Massachusetts, Maryland, New Jersey, New York, Pennsylvania, and Texas.
The company offers the following compensation plan:
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For additional information, one must contact the company.
Discussion of Distributor Base and Sales Volume in U.S.
Ambit Energy states that it is one of the fastest growing retail energy providers in the markets in which it operates. In 2008, Ambit Energy recorded revenues of almost $200 million and expects to double that in the future. The executives of the company (www.mlmlegal.com) still maintain use of the $19 tables.
Ambit Energy is a privately-held company and in 2009 increased more than 890 percent in three years with 22 employees in 2006 to more than 200 today.
Ambit Energy recently reported that it has topped 850,000 customers. .
Company website: http://www.ambitenergy.com**Trademark of Ambit Energy
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Jeffrey A. Babener, principal attorney in the Portland, Oregon, law firm Babener & Associates, represents many of the leading direct selling companies in the United States and abroad.
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