Liberty Power :: Hispanic Business Magazine Honors Liberty Power as One of the Fastest-Growing Hispanic-Owned Companies in the United States

Posted on: August 28th, 2008
Filed Under: [ Business ] [ Press Releases ] [ Blogante Business ]
Knowledge is Power!

Liberty Power, one of the fastest-growing, independent retail electric providers in the United States, today announced that it has been named the number four company on the 2008 Hispanic Business 100 Fastest-Growing Companies(R) list, compiled annually by Hispanic Business magazine. While the list ranks companies according to percentage of revenue growth over the last four years, and does not consider the companies’ size, Liberty Power is the largest in terms of gross revenue among the top 40.

As the competitive retail electric industry matures, Liberty Power has remained in hyper-growth mode, increasing revenues more than 2380% when comparing 2007 to 2003. This level of growth has allowed the company to maintain a top five position this year after earning the title of the number one fastest-growing company on last year’s list. This honor marks only the fourth time in the 25-year history of the Hispanic Business 100 Fastest-Growing Companies list that the number one fastest-growing company was ranked within the top five the following year.

The ranking highlights Liberty Power’s rapid growth through 2007, which was driven by an expansion of sales and marketing efforts. The company continues to engage additional sales channel partners, while also broadening its product portfolio, in order to meet the wide-ranging needs of its diversified customer base. Liberty Power was also able to capitalize on newly established markets, taking advantage of the national footprint it created in 2007 when the company received licenses to sell electricity in 11 additional states.

“Liberty Power is honored to be recognized as the fourth fastest-growing company on this distinguished list. We appreciate the trust that more and more customers place in us every day and view our growth as a result of that trust,” said David Hernandez, CEO of Liberty Power. “By actively listening to our customers, we have been able to significantly build both the number and quality of products and services we offer. We are committed to our business plan and our mission to be the leading provider of low-cost, reliable electricity while providing an unparalleled level of customer service.”

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 certified, minority-owned, independent retail electric provider with a national presence. Currently serving tens of thousands of customers in New York, Texas, Maryland, New Jersey, Massachusetts, Connecticut, Illinois, Delaware, Maine, and Washington, D.C., Liberty Power provides large and small businesses, as well as residential customers, with low-cost electricity and outstanding customer service. National customers include JCPenney, Bausch & Lomb, and New York Life.

For more information on Liberty Power, please visit www.libertypowercorp.com/

Liberty Power - encompassing Liberty Power Holdings LLC, Liberty Power Maryland LLC, Liberty Power District of Columbia LLC, Liberty Power New York LLC, and LPT, LLC - is certified and licensed by the Public Utilities/Service Commissions of the following states: California, Connecticut, Delaware, Illinois, Maine, Maryland, Massachusetts, Michigan, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Texas, and Virginia. We are also licensed and certified in the District of Columbia, and by the Federal Energy Regulatory Commission. Additionally the company is GSA, SBA, and SBA-8A certified.”