Ambit Energy, a leading national retail energy provider based in Dallas, announced today it has been named as the largest direct seller of retail energy in the world by the 2013 Direct Selling News Global 100 list, based upon 2012 annual revenues of $930 million. The corporation, which provides electricity and natural gas to residential and commercial clients across the country's deregulated markets, reached this landmark in only seven years.
"While that is quite a distinction of success and growth for Ambit Energy, this accomplishment is definitely recognition of our entire team -- both our corporate staff and our independent sales Consultants nationwide," said Jere Thompson Jr., Ambit Energy co-founder and chief executive officer. "We are proud to have reached this benchmark, but our ultimate goal remains becoming the finest and most-respected retail energy provider in America."
On the same list, Direct Selling News also named Ambit the 14(th) largest overall direct selling company in the world and the 8(th) fastest growing company on the list(1) . Other recent accomplishments of Ambit Energy include passing 1 million residential customers(2) last December and being included on the Inc. 500/5000 list for the third consecutive year.
"Our methodical approach to the opportunity presented by energy deregulation continues to succeed because of our investment in great technology and great people," said Chris Chambless, Ambit Energy co-founder and chief marketing officer. "With an energized sales force nationwide, and a commitment to never sacrifice integrity for growth, we believe Ambit Energy is positioned for continued expansion into new markets. We have achieved notoriety nationwide because of rates we can offer and the business opportunity we present."
For more information about Ambit Energy's rates and services, or about the opportunity to join the Ambit Energy team, visit www.ambitenergy.com or call (877) 28-AMBIT.
(1) Ranking based on total revenue growth.
(2) 94% of Ambit Energy's customers are residential. For purposes of counting total customers, the company converts small business customers to a residential customer equivalent (RCE) based upon their actual usage compared to an average Ambit residential customer from the same geographic area.
2014 DSN Global 100 List
The DSN Global 100 list offers a unique perspective on the global impact of the industry on economic and social realms. It provides a range of mutual learning not only for industry members but also for researchers, investors and—most important—those seeking opportunities within the industry.
In an effort to support transparency and verify authenticity, DSN implemented a new standard for the 2011 ranking, which we have continued each year since: the Revenue Certification Form (RCF). In addition to an updated profile, each company is asked to submit an RCF signed by the CEO and CFO or designated agent. Some privately-held companies choose not to participate in the Global 100 process, and therefore do not appear on this list. We encourage all companies to submit the required forms.
We thank all the companies that willingly participated in our survey as well as our dedicated team of researchers who helped us present to you the remarkable achievements of direct sellers around the globe.
The following contains the ranking for the 2014 DSN Global 100 (based on 2013 revenues), our annual list of the top revenue-generating direct selling companies in the world. The list is published in the June issue of Direct Selling News.
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