DALLAS, TX -- (MARKET WIRE) -- 06/30/08 -- The innovator behind one of the nation's fastestgrowing companies, Rob Snyder of Stream Energy, has been named Entrepreneurof the Year for the Southwest Region in the Services category. Snyder wasrecognized at an awards banquet held June 28 in Dallas.The Entrepreneur of the Year program, created in 1986 by Ernst & Young,recognizes the pioneers and innovators who excel at growing and sustainingmarket-leading businesses. The award recognizes Snyder for his dynamicleadership of Stream Energy, and his personal and corporate contributionsto business and society.
His story, and that of Stream Energy, are intertwined tales of vision anddaring. In 2004, Snyder left behind almost two decades of private equityinvolvement and formed Stream Energy, risking his professional reputationto persuade the public that there was a better way to buy electricity. Hisdetermination to succeed transformed Stream Energy into one of thefastest-growing firms in U.S. history, poised during its fourth fiscal yearto break $1 billion in revenues.
Stream Energy began selling electricity during 2005 through a small army ofmore than 100,000+ Independent Associates. By using the direct salesapproach to customer recruitment, Snyder and the firm's other founders haverealized their vision of growth while giving people a means to generateincremental income, even during difficult economic times.
This amazing success -- with roughly 350,000 customers recruited in onlythree years of operation as a retail electricity provider -- has resultedin Stream Energy standing among the largest privately-owned companies inthe Dallas-Fort Worth region and has generated tens of millions of dollarsfor its marketing associates. Stream Energy continues to expand itselectricity customer base in Texas by as much as five percent monthly andhas also recently experienced explosive growth from its April 2008 entryinto the Georgia natural gas retail market.
With this honor, Snyder joins other previous Southwest Regional winnersincluding Michael Dell of Dell Computers, Herb Kelleher of SouthwestAirlines, Mark Cuban and Todd Wagner of Broadcast.com, Norman Brinker ofBrinker International and H. Ross Perot of Perot Systems.
Additional information about Stream Energy is available on the websitewww.streamenergy.net.
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News media, please contact:
Paul Thies
Stream Energy
(214) 800-4409
pault@streamenergy.net
Kelly Lane
For Levenson & Brinker Public Relations
(214) 351-1586
kelly@klanepr.com