Energy, Inc. Announces Its Intent to Transfer to the NYSE Amex Stock Exchange
09 December 2009 - 11:06AM
PR Newswire (US)
MENTOR, Ohio, Dec. 8 /PRNewswire-FirstCall/ -- Energy, Inc.
(NASDAQ: EGAS) today announced that it has been authorized to list
its shares of common stock on the NYSE Amex stock exchange. Energy,
Inc. anticipates the shares of its common stock will begin trading
on the NYSE Amex on December 18, 2009, using its current symbol
"EGAS." Until that time, Energy, Inc.'s common stock will continue
to trade on NASDAQ Global Market. "We are excited about our move to
the NYSE Amex stock exchange which we believe will further enhance
our investor outreach as we continue to build shareholder value in
our businesses," said Richard M. Osborne, CEO and Chairman of
Energy, Inc. "Energy, Inc. continues to broaden its utility
platform with the recent addition of an 83% interest in Cut Bank
Gas as well as the pending acquisitions by mergers of the three
natural gas utility companies in Northeastern Ohio and Western
Pennsylvania which would result in Energy, Inc. having more than
60,000 gas customers in six states." "We are pleased to welcome
Energy, Inc. to the NYSE Amex," said Scott R. Cutler, NYSE Euronext
EVP and Head of Listings, Americas. "Energy, Inc. is the first
company to transfer from Nasdaq to NYSE Amex since NYSE Euronext
completed its acquisition of the former American Stock Exchange.
Energy, Inc. is making a significant move, and the company and its
shareholders will benefit from their association with the NYSE's
superior market, services and network of leading energy companies."
About Energy, Inc. Energy, Inc. is the parent company of Energy
West, Incorporated, which distributes and sells natural gas to
end-use residential, commercial, and industrial customers. It
distributes approximately 26 billion cubic feet of natural gas to
approximately 38,500 customers through regulated utilities
operating in Montana, Wyoming, North Carolina and Maine. The
company markets approximately 2.3 billion cubic feet of natural gas
to commercial and industrial customers in Montana and Wyoming on an
unregulated basis. The company also has a majority ownership
interest in 160 natural gas producing wells and gas gathering
assets. In addition, the company owns the Shoshone interstate and
the Glacier gathering pipelines located in Montana and Wyoming. The
company's Montana public utility was originally incorporated in
1909 and is headquartered in Great Falls, Montana. Safe Harbor
Regarding Forward-Looking Statements Energy, Inc. is including the
following cautionary statement in this release to make applicable
and to take advantage of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 for any forward-looking
statements made by, or on behalf of, Energy, Inc. Forward-looking
statements are all statements other than statements of historical
fact, including, without limitation, those that are identified by
the use of the words "anticipates," "estimates," "expects,"
"intends," "plans," "predicts," "believes" and similar expressions.
Such statements are inherently subject to a variety of risks and
uncertainties that could cause actual results to differ materially
from those expressed. Factors that may affect forward-looking
statements and the Company's business generally include but are not
limited to the Company's continued ability to make dividend
payments, the Company's ability to implement its business plan, the
Company's ability to consummate its pending acquisitions and to
successfully integrate the operations of the acquired companies;
the Company's ability to meet all of the requirements necessary to
receive final authorization to list its common stock on the NYSE
Amex or otherwise receive such approval; fluctuating energy
commodity prices, the possibility that regulators may not permit
the Company to pass through all of its increased costs to its
customers, changes in the utility regulatory environment, wholesale
and retail competition, weather conditions, litigation risks, risks
associated with contracts accounted for as derivatives and various
other matters, many of which are beyond the Company's control, the
risk factors and cautionary statements made in the Company's public
filings with the Securities and Exchange Commission, and other
factors that the Company is currently unable to identify or
quantify, but may exist in the future. Energy, Inc. expressly
undertakes no obligation to update or revise any forward-looking
statement contained herein to reflect any change in Energy, Inc.'s
expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is based.
For additional information or clarification regarding Energy, Inc.,
please contact: Kevin Degenstein, President and Chief Operating
Officer. The Company's toll-free number is (800) 570-5688. The
Company's web site is http://www.ewst.com/. The Company's address
is 1 First Avenue South, Great Falls, Montana 59401. DATASOURCE:
Energy, Inc. CONTACT: Kevin Degenstein, President and Chief
Operating Officer of Energy, Inc., 1-800-570-5688 Web Site:
http://www.ewst.com/ http://www.energywest.com/
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