Commerce Energy Group, Inc. Appoints Lawrence Clayton, Jr. as Chief Financial Officer
December 06 2005 - 5:52PM
PR Newswire (US)
COSTA MESA, Calif., Dec. 6 /PRNewswire-FirstCall/ -- Commerce
Energy Group, Inc. (AMEX:EGR), the largest non-utility retail
energy marketer in the U.S., announced today that effective
December 1, 2005, its Board of Directors appointed Lawrence
Clayton, Jr. as the Company's Chief Financial Officer and
Secretary. As previously reported on August 4, 2005, the Board of
Directors of the Company appointed Lawrence Clayton, Jr. as the
Interim Chief Financial Officer and Secretary of the Company and
designated him as the "principal financial officer" of the Company
for purposes of all filings with the SEC under the Securities Act
of 1933, as amended, and the Securities Exchange Act of 1934, as
amended. Effective December 1, 2005, the Board of Directors acted
to remove the "interim" designation and appointed Mr. Clayton as
the Chief Financial Officer and Secretary of the Company. The
designation of Mr. Clayton as the "principal financial officer" of
the Company remained unchanged. Steven S. Boss, Chief Executive
Officer of Commerce Energy Group said, "We are pleased that
Lawrence has decided to continue with the company as chief
financial officer making the transition from a consultant to a
full-time employee. Lawrence has a wealth of experience in the
business and financial aspects of the energy industry. He has
served, and will continue to serve, an important management role as
we continue to grow as a principal retailer of electricity and
gas." About Commerce Energy Group, Inc. Commerce Energy Group, Inc.
(AMEX:EGR) is a leading U.S. electricity and natural gas marketing
company, operating through its wholly-owned subsidiaries, Commerce
Energy, Inc. and Skipping Stone 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 ten states. Skipping Stone is an energy
consulting firm serving utilities, pipelines, merchant trading and
technology companies. For more information, visit
http://www.commerceenergygroup.com/. Forward-Looking Statements:
Certain statements contained within this press release including,
without limitation, statements containing the words "believe,"
"anticipate," "expect," "estimate," "await," "continue," "intend,"
"plan" and similar expressions are forward-looking statements that
involve risks and uncertainties. These forward-looking statements
are not guarantees of future performance and involve certain risks,
uncertainties and assumptions that are difficult to predict. Actual
outcomes and results may differ materially from what is expressed
in, or implied by, such forward-looking statements. The risks and
uncertainties that could cause actual results to differ materially
from those expressed in, or implied by, the forward-looking
statements include, but are not limited to, the volatility of the
energy market, competition, Commerce Energy's ability to
successfully integrate newly-acquired businesses, operating
hazards, uninsured risks, changes in energy-related state
legislation, failure of performance by suppliers and transmitters,
uncertainties relating to litigation, changes in general economic
conditions, increased or unexpected competition, and other matters
disclosed in Commerce Energy's filings with the Securities and
Exchange Commission. Further, Commerce Energy undertakes no
obligation to release publicly any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events. DATASOURCE: Commerce Energy Group, Inc.
CONTACT: Steven S. Boss, Chief Executive Officer of Commerce Energy
Group, Inc., +1-714-481-6602; or Cecilia Wilkinson, , or Wade
Huckabee, , both of PondelWilkinson Inc., +1-310-279-5980, for
Commerce Energy Group, Inc. Web site:
http://www.commerceenergygroup.com/
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