FOR IMMEDIATE RELEASE Contact: Pamela
Fink 203.356.1318 x 7454 pfink@mxenergy.com MXenergy Enters Texas Market Following Agreement with Vantage Power Services Stamford,
Conn., May 17, 2007 -MXenergy and Vantage Power Services, L.P. have completed
a transaction that transfers Vantage's power customers in Texas to MXenergy. MXenergy
will begin supplying power to Vantage's nearly 2,500 former residential and commercial
service locations on May 17, 2007. No action is required from customers
in order to transition their electricity service from Vantage to MXenergy, and
all contracts will be honored in full. Vantage customers will continue to receive
reliable and uninterrupted service with superior customer service standards during
the transition. "MXenergy is very excited to enter the Texas deregulated
power market, where we believe we can offer a truly differentiated product to
customers," said Jeffrey Mayer, president and CEO of MXenergy. Nearly
all of the Vantage employees will join the MXenergy team and relocate to its Houston
office following a brief transition period. Together, the newly formed team will
put considerable marketing resources into growing MXenergy's residential and commercial
customer base in the state. "As one of North America's largest natural
gas and electricity suppliers, MXenergy is well-equipped to serve our customers
with the same high standards they have come to expect," said T. Pat Harrison,
president of Vantage Power Services. "We look forward to working together
to provide Texas residents and businesses with solutions to serve their energy
needs for years to come." About MXenergy MXenergy is one of the
fastest growing retail natural gas and electricity suppliers in the country, serving
approximately 500,000 customers in 36 utility territories in the United States
and Canada. Founded in 1999 to provide natural gas and electricity to consumers
in deregulated energy markets, MXenergy helps residential customers and small-
and mid-market business owners control their energy bills by providing both fixed
and variable rate plans. For more information, contact MXenergy customer care
at 800.456.0565 or online at www.mxenergy.com. Forward Looking Statements The
statements in this press release that are not historical facts are forward-looking
statements that are subject to material risks and uncertainties. Investors are
cautioned that any such forward-looking statements are not guarantees of future
performance or results and involve risks and uncertainties, and that actual results
or developments may differ materially from those in the forward-looking statements
as a result of various factors. These risks and uncertainties include, but are
not limited to, our future performance generally; our business goals, strategy,
plans, objectives and intentions; our integration of the assets we acquired from
Shell Energy Services Company, L.L.C. in August 2006; expectations concerning
future operations, margins, profitability, attrition, bad debt, interest rates,
liquidity and capital resources; and expectations regarding the effectiveness
of our hedging practices and the performance of suppliers, pipelines and transmission
companies, storage operators, independent system operators, and other counterparties
supplying, transporting, and storing physical commodity. MXenergy does not undertake
to update any forward-looking statements in this press release or with respect
to matters described herein. ###
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