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Sept. 12, 2002, 8:05AM
(BW) Mobius Risk Group Reports Strong Growth in First Six Months;
Energy Risk Management Group Continues to Increase an Average 60 Percent
Monthly in Revenues and Quadruples Staff
Business Editors
(c) 2002 Business Wire.
HOUSTON--(BUSINESS
WIRE)--Sept. 12, 2002--Mobius Risk Group, LLC, a leading provider of energy
risk management outsourcing and advisory services, today announced record
continued growth amid challenging times in today's economic environment.
Privately held, Mobius disclosed that its revenue
growth from end of month April 2002 until September 2002 has increased an
average of 60 percent each month, while adding 15 clients and nine
employees during this time period. Acting in an agency capacity, Mobius
assists their clients in managing annual energy expenditures in excess of
$1 billion. The company expects similar growth to continue over the next
several quarters and anticipates adding several employees to its current
staff.
"Given the ongoing complexities and volatility
of energy markets, Mobius is poised to be the leading provider of
client-side energy risk and outsource services," said Eric Melvin,
President and CEO, Mobius Risk Group. "We're meeting the significant
demand in the corporate environment for energy management by bringing breadth
and depth of experience in trading, structuring, utility services and
project efficiency that are focused solely on the client's interests."
Mobius began with three founding employees and now
includes 12 full-time employees. The company has also expanded its offices
from the headquarters in Houston, Texas, to include offices in Los Angeles
and Phoenix.
Mobius has accumulated a world-class customer base
from the Global 1000, and currently provides service in various markets,
such as:
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Manufacturing
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Telecommunications
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Industrial
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Gaming and hospitality
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Commercial property management
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About Mobius Risk Group
Formed in April 2002 by former Enron employees,
Mobius Risk Group provides enterprise wide energy risk management,
outsourcing and advisory services to the commercial, industrial and
petrochemical industries. Mobius brings its breadth and depth of experience
in risk, energy, utility representation and project efficiency to bear on
its clients' energy needs in an advisory capacity. Mobius' unique services
are in acting as a representative of the client and not as a supplier,
vendor, broker, or "middle man." The company's executive management
team has 85 years of combined energy and risk management experience, having
established and managed major energy and commodity trading, structuring,
and marketing departments. Mobius is headquartered in Houston, Texas with
office locations in Los Angeles and Phoenix.
For more information on Mobius Risk Group, please
visit http://www.mobiusriskgroup.com/.
--30--AWG/na* CONTACT: Mobius Risk Group, LLC Ken Rubeli, 713/877-0404 krubeli@mobiusriskgroup.com or The Padgett Group Kim Padgett, 713/410-5227 Kim@ThePadgettGroup.com KEYWORD: TEXAS CALIFORNIA ARIZONA NEVADA NEW YORK INDUSTRY KEYWORD: ENERGY ENTERTAINMENT GAMING MANUFACTURING TELECOMMUNICATIONS SOURCE: Mobius Risk Group, LLC
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