Source: Press Release 4/12/2010

Ambit Press Release

NEW YORK--(BUSINESS WIRE)--Ambit Energy, one of the fastest growing Energy Services Companies (ESCOs) in the state, launched electricity and natural gas services in the New York State Electric & Gas (NYSEG) territory today.

"When energy markets deregulate, the consumer wins. We are proud to say that we can now offer almost every customer in the state a lower cost option compared to the incumbent provider." ."Expanding our presence in New York allows people looking to save on energy costs another valuable option," said Ambit Energy CEO and co-founder Jere W. Thompson, Jr. "When energy markets deregulate, the consumer wins. We are proud to say that we can now offer almost every customer in the state a lower cost option compared to the incumbent provider."

With this launch, Ambit Energy will now offer its competitive rates to a market of more than 871,000 electric and 256,000 gas customers - more than 40 percent of upstate New York.

As they have done in other New York market areas such as Con Edison and National Grid, Ambit Energy's team and independent Consultants will work with customers interested in switching providers, as well as those interested in the business opportunity offered through Ambit Energy.

"Now that we have expanded our presence in New York, our independent Consultants are able to serve even more people looking to save on energy costs," said Ambit Energy CMO and co-founder Chris Chambless. "As the warmer months approach, we believe this launch is timely and will help New York consumers in the NYSEG territory switch and save."

As in other New York markets, Ambit Energy will offer a competitive monthly rate and annual savings guarantee.

For information on Ambit Energy's rates, services or launch into the NYSEG Territory, visit AmbitEnergy.com or call (877) 28-AMBIT.

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