Commerce Energy Announces Resignation of Two Board Members
July 14 2005 - 5:01PM
PR Newswire (US)
Commerce Energy Announces Resignation of Two Board Members Search
Commenced to Add New Directors COSTA MESA, Calif., July 14
/PRNewswire-FirstCall/ -- Commerce Energy Group, Inc. (AMEX:EGR)
the largest non utility-affiliated retail energy marketer in the
U.S. announced that on July 8, 2005, Gregory L. Craig, a member of
the Board of Directors of Commerce Energy Group gave written notice
of his resignation as a director of the company, effective as of
the close of business on August 1, 2005. Mr. Craig did not resign
due to any disagreement with the company or its management but
rather because of the increased demands placed on his time by his
full-time professional commitments. In addition, on July 8, 2005,
Mark C. Pocino, a member of the Board of Directors of Commerce
Energy Group, gave written notice of his resignation as a director
of the company, effective immediately after the meeting of the
Board of Directors held on the afternoon of July 8, 2005. Mr.
Pocino did not resign due to any disagreement with the company or
its management but rather because of the demands placed on his time
by his personal interests. "We are appreciative of both Greg
Craig's and Mark Pocino's time and efforts during their tenure on
the board, and wish them well in their future endeavors," said
Peter Weigand, President of Commerce Energy Group. "We have already
begun our search to add new directors." About Commerce Energy
Group, Inc. Commerce Energy Group, Inc. (AMEX:EGR) is a holding
company with operations under wholly owned subsidiaries Commerce
Energy, Inc., Skipping Stone, Inc. and Utilihost, Inc. Commerce
Energy, Inc. is a FERC licensed unregulated retail marketer of
natural gas and electricity to homeowners, commercial and
industrial consumers, and institutional customers in nine states.
Skipping Stone is an energy consulting firm serving utilities,
pipelines, merchant trading and technology companies. Utilihost
provides outsourced energy transaction and data management services
for municipalities, government facilities, power generators and
energy merchant customers. For more information, visit
http://www.commerceenergygroup.com/. DATASOURCE: Commerce Energy
Group, Inc. CONTACT: Investor Relations, Verna Ray of Commerce
Energy Group, Inc., +1-281-902-5127, Web site:
http://www.commerceenergygroup.com/
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