Amerex Helps Five PA Educational Institutions Save on Energy Costs

HOUSTON, July 27 /PRNewswire/ -- Amerex Energy Services, a division of Amerex Brokers LLC, has signed contracts with five educational institutions in Pennsylvania leading up to the power deregulation set to begin in their regions in January 2011.  Northern York School District, Central Bucks School District, Council Rock School District, Pennsbury School District and Rosemont College have all chosen Amerex to help manage their energy needs.  These contracts are a result of an ongoing collaboration between Amerex and ARAMARK Higher Education to provide cost savings in electrical power procurement for ARAMARK clients throughout the United States.

"These educational institutions have taken the time to understand how electricity is priced and the way energy markets affect their budgets. Having this knowledge opens the door for innovative products giving them a large advantage to capture superior pricing in a deregulated market," remarked Vince Martinez, Vice President, Amerex Energy Services.

"Amerex has demonstrated their advanced understanding of the market and has enabled our district to develop a buying strategy that achieves the best balance between price and risk," added Isabel M. Miller, Business Administrator for Pennsbury School District.

About Amerex Energy Services

Amerex Energy Services is a division of Amerex Brokers LLC. Amerex Energy Services is a national energy consultant that provides industrial, commercial and institutional clients with a wide array of sophisticated energy and energy-related financial tools designed to provide a stable platform to manage risk. Founded in 1978, Amerex is a leading over-the-counter energy brokerage offering services in electricity, natural gas, emission credits and allowances, renewable energy credits, retail energy procurement, energy consulting and energy data services. From its office in Houston, Amerex offers liquidity and timely execution to meet the needs of a global client network of more than 1,000 firms including thousands of traders and risk management professionals. For additional information, please visit www.amerexenergy.com. Amerex Brokers LLC is a wholly-owned subsidiary of GFI Group Inc. (Nasdaq: GFIG), a leading provider of wholesale brokerage, electronic execution and trading support products for global financial markets. GFI Group Inc. provides brokerage services, market data, trading platform and analytics software products to institutional clients in markets for a range of fixed income, financial, equity and commodity instruments.  GFI operates one of the largest wholesale energy brokerage businesses in North America both directly and through its Amerex and StarSupply businesses.

Forward-looking statement

Certain matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "might," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of GFI Group Inc. (the "Company") and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: economic, political and market factors affecting trading volumes; securities prices or demand for the Company's brokerage services; competition from current and new competitors; the Company's ability to attract and retain key personnel, including highly-qualified brokerage personnel; the Company's ability to identify and develop new products and markets; changes in laws and regulations governing the Company's business and operations or permissible activities; the Company's ability to manage its international operations; financial difficulties experienced by the Company's customers or key participants in the markets in which the Company focuses its brokerage services; the Company's ability to keep up with technological changes; and uncertainties relating to litigation. Further information about factors that could affect the Company's financial and other results is included in the Company's filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Amerex Brokers LLC

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED