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America’s Fastest Growing Private Company by Inc. 500

Dallas-based energy provider achieves three-year sales growth of more than 20,000 percent

(DALLAS) – Ambit Energy, a leading national retail energy provider based in Dallas, achieved the No. 1 position on Inc. magazine’s 28th annual Inc. 500, an exclusive ranking of the nation’s fastest-growing private companies, which was released today nationwide.
The ranking measures revenue growth between a three-year span – 2006 through 2009. Ambit Energy generated $1.6 million in annual revenue in 2006. By 2009, the company’s annual revenue soared to $325 million – a three-year sales growth of 20,369 percent.
“We are thrilled and honored to achieve the number one ranking. When Chris Chambless, John Burke and I began a few years ago, our goal was to be the finest and most respected retail energy company. We never focused on becoming the fastest growing,” said Ambit Energy CEO Jere Thompson Jr.

Chambless, Ambit Energy’s chief marketing officer and Burke, Ambit Energy’s chief information officer, along with Thompson, united in one vision – to bring exceptional, people-focused service and unrivaled value to customers, creating innovation in an industry that has remained unchanged for more than a decade. Ambit Energy’s commitment to quality, customers, innovation and providing affordable energy has been awarded on various levels prior to today’s announcement.
In 2009, Southern Methodist University’s Cox School of Business listed Ambit Energy as the fastest growing privately held company in Dallas for the Dallas 100 Awards™. Concerning Ambit Energy’s network of Independent Consultants, Direct Selling News listed the company as one of its Global 100 best direct selling companies. Those honors have been culminated this year for its focus on proprietary software and database storage as Burke was selected as one of 2010 InfoWorld CTO 25 and was recognized as a Computerworld 2010 Premier100 IT Leader.

“In spite of this rapid climb to success in our industry, we have much more growth opportunity in front of us,‖ added Chambless. “We are blessed with great people throughout our corporate offices and our sales channel – a dedicated field of independent consultants ” has fueled this growth. We believe the best is yet to come.”
“If you want to know which companies are going to change the world, look at the Inc. 500,‖ said Inc. editor Jane Berentson. “These are the most dynamic, fast-growth companies in the nation, the ones finding innovative solutions to problems, creating smart systems, and inventing products we soon discover we can’t live without. The Inc. 500 list is Inc. magazine’s tribute to American business ingenuity and ambition.”
For more information about Ambit Energy’s rates and services, please visit www.AmbitEnergy.com or call (877) 28-AMBIT.

Download the press release: America’s Fastest Growing Private Company by Inc. 500