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Direct Energy Business Partnership Brings Natural Gas to Off-Pipeline Businesses and Municipalities in New York

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We at Direct Energy Business (DEB) are excited about our latest partnership with Xpress Natural Gas (XNG) to deliver compressed natural gas (CNG) to off-pipeline industrial and commercial businesses and institutions in the State of New York.

This partnership brings together the largest marketer of natural gas in the Eastern United States DEB and the largest provider of trucked natural gas for industrial and commercial use in the United States (XNG). Together, HEM, DEB, and XNG will accelerate the availability and benefits of natural gas to their customers, resulting in savings of 20% to 40% or more on their heating fuel costs*.

The companies are currently working together to develop a compressed natural gas production facility and distribution terminal in eastern upstate New York. That facility is currently undergoing a permit process, and is anticipated to have completed construction and be fully operational by September 2014.

When operational, the CNG terminal will employ up to eight full-time employees, and will result in the creation of nearly 100 related jobs in the area.

With our recent acquisition of HEM, we are uniquely positioned to combine our resources with companies such as XNG to create a stand out dual fuel business in the United States. We look forward to collaborating with XNG to provide much-needed natural gas to help New York State businesses and municipalities save money on their heating fuel costs, and, in addition, create jobs in eastern upstate New York.

*Cautionary Statements: This blog post contains projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the company’s current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that these projections will be achieved, and actual results could differ materially from those projected as a result of certain risk factors. A discussion of these risk factors is included in the company’s periodic reports filed with the Securities and Exchange Commission.

Posted: November 26, 2013