Liberty Power: Liberty Power Ranks Among Top 25 Hispanic–Owned Businesses in the United States

Liberty Power Also Named #3 Largest Hispanic–Owned Company in Energy Sector

FORT LAUDERDALE, FL – August 20, 2009 – Liberty Power, one of the fastest–growing retail electric providers in the United States, today announced that it now ranks 21st overall on the 2009 Hispanic Business 500 list (HB 500). Celebrating its 27th year, the list is compiled annually by Hispanic Business magazine and ranks, by revenue, the 500 largest Hispanic-owned companies in the United States. The rankings were officially released in the June 2009 issue of Hispanic Business.

Liberty Power, which was named the fastest–growing, Hispanic–owned business in 2007 by Hispanic Business, continues to make solid financial strides, helping it to gain 11 spots from last year’s overall ranking of 32. Liberty Power revenues increased by more than 55% from the previous reporting year, a substantial increase compared to the overall revenues for this year´s HB 500, which grew by only 0.1% to $36.15 billion. Liberty Power has grown consistently every year it has been in operation, with year–over–year revenue growth averaging over 250% for the past six completed fiscal years.

Additionally, Liberty Power now ranks as the third largest Hispanic–owned company in the energy sector. This year marks the first year where the Energy Industry was highlighted as a sector on the HB500, joining the previous eight categories: Automotive, Finance, Manufacturing, Retail, Service, Transportation, Construction, and Wholesale. The Energy sector was the only one of the directory’s nine categories in which each of the top 10 companies posted a gain in 2008. Prior to the establishment of an Energy sector category, Liberty Power was ranked as the third largest Hispanic–owned retailer across the United States.

“Liberty Power is honored to be recognized as the 21st largest Hispanic–owned company among all industries and the 3rd largest Hispanic–owned energy company on this distinguished list. Liberty Power will continue to make significant and steady progress towards our stated goal of becoming a top 10 energy retailer by providing our customers low–cost electricity and outstanding customer service,” said David Hernandez, CEO of Liberty Power.

Headquartered in Fort Lauderdale, Florida, Liberty Power is one of only four national retail electric providers licensed in 16 or more states and is the only minority–owned, retail electric provider with a national presence. Currently serving tens of thousands of customers in New York, Texas, Maryland, New Jersey, Pennsylvania, Maine, Massachusetts, Connecticut, Illinois, Delaware, Rhode Island, and the District of Columbia., Liberty Power provides businesses, government entities, and residential customers with low–cost, reliable electricity and outstanding customer service. National customers include JCPenney, Bausch & Lomb, and New York Life, among others.

Liberty Power is a registered trademark of Liberty Power Corp. LLC. Liberty Power Corp. – encompassing Liberty Power Holdings LLC, Liberty Power Maryland LLC, Liberty Power District of Columbia LLC, and LPT LLC dba LPT SP LLC – is certified and licensed by the Public Utilities/Service Commissions of: CA, CT, DC, DE, IL, ME, MD (IR793), MA (CS-057) MI, NJ (ESL-0001), NY, OH, PA, RI, TX (10118) and VA; and is licensed and certified by the Federal Energy Regulatory Commission.

Liberty Power® is a registered trademark of Liberty Power Corp. LLC


Liberty Power
Tim LoCascio

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