Econnergy Energy Company, Inc. Introduces New Brand Identity

    MONTEBELLO, N.Y., March 14 /CNW/ -- Econnergy Energy Company, Inc., one
of the nation's largest independent retail energy suppliers, announced this
week that the Company's Board of Directors and shareholders approved a change
of the Company's name to Gateway Energy Services Corporation.

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    "Econnergy is a strong brand in New York, where we have grown to be a
dominant retail energy marketer," said Steven J. Maslak, Chief Executive
Officer of Gateway Energy.  "As we began to expand our business across North
America, it became evident that we needed to develop a brand that reflects our
broadened goals and strategic direction.  Gateway Energy Services will be that
    The Board's decision to adopt the Gateway Energy Services Corporation
name is not a result of a change in ownership and does not impact the
Company's legal structure.  Gateway Energy Services remains a privately held
entity and will sell its line of energy products under the brands "Gateway
Energy Services" and "Econnergy, a division of Gateway Energy Services."
    Gateway Energy Services offers residential and business consumers the
tools to manage their electricity and natural gas costs through various
pricing plans. Gateway Energy Services' fixed-rate option provides price
protection from market volatility. The Company's variable-rate option is a
flexible plan that tracks the wholesale energy markets.  Gateway Energy
Services also offers a price-protection option that combines the flexibility
of a variable-rate plan with the security of a fixed-rate plan, limiting how
high the price can rise.
    "As we begin our second decade, adopting the Gateway Energy Services
brand is a natural next step in the evolution of our Company," said Maslak.
"Gateway Energy Services will provide a contemporary brand that is more
relevant to today's consumer.  We will continue to offer quality energy
products and services as we build one of the strongest energy providers in the


    Gateway Energy Services Corporation, based in Rockland County, N.Y., is a
leading energy supplier providing electricity and natural gas to residential
and business customers in New York, New Jersey, Texas, Ohio, Maryland,
Virginia and Washington, D.C. A privately held company supplying energy since
1997, Gateway Energy Services is majority owned by Sempra Energy Trading
L.L.C., Credit Suisse and its two founding partners. Gateway Energy Services
provides competitive energy products to consumers giving them more control
over their energy costs. (

For further information:

For further information: Darlene Hyde, Director of Corporate
Communications, Gateway Energy Services Corporation, +1-845-503-5555, or Fax,
+1-845-503-5588, Web Site:

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