DSN $100 Million Club 2009

The $100 Million Club list was published in the September 2009 issue of the Direct Selling News. Only 68 companies worldwide earned a spot on the list. Ambit Energy was ranked #46 based on $197 Million in revenues in 2008. This was only their second full year of revenues!

Wholesale Corporate Revenue: $197 million

Marketing Style: Person-to-person

Compensation Plan: Multi-level

Products: Electricity and natural gas

Markets: Texas, New York and Illinois (United States)

Distributors: More than 50,000

Employees: 230

Headquarters: Dallas, Texas

Year Founded: 2006

Reliant Energy Bought by NRG

Although they had over 1.8 Million customers, Reliant Energy is now out of the retail electricity business. Due to a large debt load and credit issues, Reliant sold their business to NRG Energy for $287.5 Million. Reliant was the incumbent provider in the Houston area after being split from Houston Light & Power (HL&P) when Texas deregulated electricity. NRG Energy will still use the Reliant Energy brand, so most customers will not even realize they are with a different company. In the same manner, when customers decide to upgrade to Ambit Energy's service, the only change will be the bill which will have the Ambit Energy logo and a lower amount due.

Network Marketing Helps People Survive or Even Thrive in Bad Economy

NBC 13 News in Alabama did a video report on people that use network marketing to create a second income or even a primary income.

"If someone invites you to be part of a network marketing opportunity, take time to research that company. It's also helpful to check to see if they belong to the Direct Selling Association. That's a group that makes sure that these companies are legitimate enterprises and not risky schemes." --Chris Malone

David Biegler Joins Ambit Energy

David Biegler, the former Vice Chairman, President, and COO of TXU has joined Ambit Energy as an investor and adviser to the executive management team.

This is the first time David has invested in a Texas-based Retail Electricity Provider. He expressed how excited he is about the opportunity to play a role in helping our company reach its potential and about joining our group of investors. Among the reasons he has joined us, David cites our experienced management team, our home-grown systems, our expansion into New York and Illinois, and our remarkable business model. He's impressed with our phenomenal growth and how we've demonstrated the ability to manage that growth very well. He also said that our strategic partnership with Shell Energy Trading speaks volumes about the respect we have earned from the giants in the industry in such a short time.

Mr. Biegler brings over 40 years of experience in the energy industry to the table. He joined ENSERCH, the parent of Lone Star Gas Company, in 1966 and served in a variety of management and executive positions including serving as Chairman, President, and CEO. He joined TXU in 1997 as the President and Chief Operating Officer. He became Vice Chairman in 2000 and retired from TXU in 2001. He is currently the Chairman of Estrella Energy, L.P., a transporter and processor of natural gas.

David has been involved in community and charitable activities throughout his career. He has served as President, Circle Ten Council, of the Boy Scouts of America. He has previously chaired the Greater Dallas Chamber of Commerce, the Dallas Citizens Council, United Way of Metropolitan Dallas and Education is Freedom. He holds a B.S. in Physics from St. Mary's University in San Antonio and completed the Advanced Management Program at Harvard University. He also serves as a board member of Southwest Airlines Company, Trinity Industries, Inc. and Dynegy, Incorporated.

Former Chairman of the Direct Selling Association Joins Ambit Energy

Ambit Energy, L.P. announced today that former Chairman and CEO of Home Interiors & Gifts Inc., Donald J. “Joey” Carter, Jr., has joined the company as an investor and advisor to the executive management team.

“Ambit Energy has assembled a very talented management team and is committed to building the finest and most respected competitive retail electric provider in the country. Their technology and internal systems are incredibly advanced. I like their business model and am excited to join the Ambit investor group,” said Mr. Carter.

“Joey is an icon in the direct selling industry. He is a perfect addition to our investor group,” stated Ambit Co-founder and CEO, Jere Thompson, Jr. “His experience and standing in the direct sales community is warmly welcomed, and he shares our vision to be the finest competitive retail electric provider in the country.”

Mr. Carter is the president of Direct Selling Capital, Inc. and has over 20 years of investment experience in the direct selling industry. Prior to forming Direct Selling Capital, Inc., he was Chairman and CEO of Home Interiors & Gifts, where he led the company to sales of $617 million with 98,000 active consultants in the United States, Canada and Mexico. Mr. Carter has also served as the chairman of the Direct Selling Association and as a director of the Direct Selling Education Foundation.

“As a veteran of the industry, Joey understands how powerful a direct sales channel can be and how important it is to develop the right culture for success,” said Ambit Co-Founder and Chief Marketing Officer, Chris Chambless. “Attracting someone with such a distinguished track record to our investor group at such an early stage speaks volumes about the culture we’ve already created.”

Ambit Energy, L.P. is a retail electric provider based in Dallas, Texas. Ambit currently provides electricity service to residential customers in deregulated Texas markets.