NetworkNewsBreaks – Zenergy Brands, Inc. (ZNGY)
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Zenergy Brands (OTC: ZNGY) offers its residential and commercial customers access to a suite of conservation-based products and services through its Zero Cost Program. A recent article discussing the company reads, “Zenergy has the ideal platform to promote its Zero Cost Program. In April 2018, the company completed its acquisition of Enertrade Electric LLC, a Texas-based retail electric provider (“REP”) (http://nnw.fm/5uiKE). Now, Zenergy is in position to market its “smart energy” services to both residential and commercial customers. Bundling energy provision with energy efficiency services gives Zenergy a competitive advantage in the Texas market, which has over six million residential meters and nearly two million commercial meters. Zenergy’s strategy is to use its REP division to build scale in Texas and then expand to other deregulated markets across the nation. To date, 16 states – California, Connecticut, Delaware, Illinois, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Texas, Virginia and Washington DC – have deregulated markets for electricity (http://nnw.fm/L8Kgi).”
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