SaveOnEnergy.com secures $2.4 Million in funding
SaveOnEnergy.com SECURES $2.4 MILLION IN FUNDING Growth Capital Expected to Accelerate Expansion to New York and Illinois DALLAS — March 17, 2008 – Dallas-based SaveOnEnergy.com ( www.SaveOnEnergy.com ) announced today it has secured $2.4 million in funding led by a group of oil and gas executives based in San Antonio, Texas and El Paso, Texas. The new investors will acquire a minority stake in the parent company Save On Energy, LTD. The company plans to use the additional capital for an increased marketing and advertising campaign in Texas, as well as expansion into New York and Illinois. SaveOnEnergy.com expects to close on the transaction by the end of this month. More details will follow in a separate press release said a company spokesman. “There have been a variety of opportunities in the past for us to secure funding, but we felt the timing was finally right to take the company
