/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE
TORONTO, July 8, 2014 /CNW/ - Crius Energy Trust (TSX: KWH.UN) ("Crius"
or "the Trust") today announced that Crius Energy LLC ("Crius Energy")
and Frontier Communications Corporation ("Frontier") (NASDAQ: FTR) have
further expanded their strategic marketing partnership to offer natural
gas to Frontier residential and commercial customers in California.
The natural gas offering, through FTR Energy Services, one of Crius
Energy's best-in-class energy brands, extends its current energy
offerings in California of solar energy products.
"The addition of natural gas in California through FTR Energy Services -
the first Crius Energy brand to offer natural gas in the state -
further demonstrates the significant potential of our strategic
marketing partnership channel," said Michael Fallquist, Chief Executive
Officer, Crius Energy. "Importantly, our new gas offering, like all of
our FTR Energy Services offerings, is expected to benefit from the
efforts of hundreds of Frontier call centre agents who are actively
selling FTR Energy Services products."
The new offering will contribute to the increased diversification of
Crius Energy's business by both product and geography. Recently, Crius
Energy began offering Frontier customers in California solar energy
products through its Citra Solar™ brand.
"In addition to our recently announced acquisitions, we continue to
execute on our multi-channel strategy to grow organically," added Mr.
Fallquist. "Unique to Crius, our strategic marketing partnership
channel, which also includes relationships with Cincinnati Bell and
FairPoint Communications, provide us with access to large customer
bases that have established, trusted relationships with their telecom
providers. These are customers that tend to use more energy and stay
with us longer, providing more value to Crius Energy over their
FTR Energy Services will provide natural gas at affordable rates plus
five percent cash back on customers' energy use. Frontier
Communications customers can make their choice using either an easy
online tool or by speaking to a trained FTR Energy Services customer
representative who will help guide them through the enrollment process.
About FTR Energy Services
FTR Energy Services is a provider of affordable, green retail energy.
The company currently provides 100 percent green electricity to customers in Illinois, New York and
Ohio and clean-burning natural gas to customers in California, Indiana,
Illinois, New York and Ohio, with plans to continue to expand its
service locations. FTR Energy Services LLC is a wholly owned subsidiary
of Crius Energy LLC and was created through a strategic marketing
relationship with Frontier Communications. FTR Energy Services uses the
FTR name under a license agreement with Frontier Communications.
Through this landmark launch, Frontier Communications demonstrates a
commitment to sustainability and innovation as one of the first
telecommunications providers to offer green energy options to customers
along with Internet, entertainment and phone services. More information
is available at www.ftrenergyservices.com.
About Frontier Communications
Frontier Communications Corporation (NASDAQ: FTR) offers broadband,
voice, satellite video, wireless Internet data access, data security
solutions, bundled offerings, specialized bundles for residential
customers, small businesses and home offices and advanced
communications for medium and large businesses in 27 states. Frontier's
approximately 13,700 employees are based entirely in the United States.
More information is available at www.frontier.com.
About Crius Energy
The Trust was established to provide investors with a
distribution-producing investment through the acquisition of a 26.8%
ownership interest in Crius Energy, LLC ("Crius Energy"). With more
than 600,000 residential customer equivalents, Crius Energy is a
comprehensive energy solutions partner that provides electricity,
natural gas and solar products to residential and commercial customers.
Crius Energy connects with energy customers through an innovative
family-of-brands strategy and multi-channel marketing approach. This
unique combination creates multiple access points to a broad suite of
energy products and services that make it easier for consumers to make
informed decisions about their energy needs. Crius Energy currently
sells energy products in 19 states and the District of Columbia with
plans to continue expanding its geographic reach.
The Trust intends to qualify as a "mutual fund trust" under the Income Tax Act (Canada) (the "Tax Act"). The Trust will not be a "SIFT trust" (as
defined in the Tax Act), provided that the Trust complies at all times
with its investment restriction which precludes the Trust from holding
any "non-portfolio property" (as defined in the Tax Act). Material
information pertaining to the Trust may be found on www.sedar.com or www.criusenergytrust.ca.
Caution Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the
meaning of applicable Canadian securities laws, including (but not
limited to) statements about the Board's belief that the Bid may
represent a responsible investment of funds on hand. A statement is
forward-looking when it uses what Crius knows and expects today to make
a statement about the future. Forward-looking statements may include
words such as anticipate, assumption, believe, could, expect, goal,
guidance, intend, may, objective, outlook, plan, seek, should, strive,
target and will. These statements relate to future events or future
performance and reflect current assumptions, expectations and estimates
of management regarding growth, results of operations, performance,
business prospects and opportunities, Canadian economic environment and
liability to attract and retain customers. Such forward-looking
statements reflect current assumptions, expectations and estimates of
management and are based on information currently available to Crius as
at the date of this press release. Forward-looking statements are
subject to certain risks and uncertainties, and should not be read as
guarantees of future performance or results and actual results may
differ materially from the conclusion, forecast or projection stated in
such forward-looking statements. These risks, uncertainties and other
factors include but are not limited to, Crius Energy's objectives and
status as a mutual fund trust and not a SIFT trust, results of
operations, financial position or cash flows, customer revenues and
margins, customer additions and renewals, customer attrition, customer
consumption levels, general and administrative expenses, treatment
under governmental regulatory regimes, distributable cash and Crius
Energy's expectations and estimates regarding the payment of
distributions to unitholders. Such assumptions, expectations,
estimates, risks and uncertainties are discussed under "Risk Factors"
and "Forward-Looking Statements" in Crius Energy's Annual Information
Form dated March 28, 2013. Consequently, we cannot guarantee that any
forward-looking statements will materialize. Readers should not place
any undue reliance on such forward-looking statements.
SOURCE: Crius Energy Trust
For further information:
Chief Executive Officer
Chief Financial Officer
(416) 815-0700 ext. 290