Another Energy company is entering the marketplace, this one founded by former Excel leader, Steve Smith.  No word on how this will impact Steve Smith’s previous launch, iJango.

Press Release:

Houston – February 24, 2011 – Today Ampegy announces its launch as a network marketing company to sell deregulated energy products across seven states throughout the U.S; California, Illinois, Maryland, New York, Pennsylvania, Connecticut, and Texas.

Ampegy is focused on selling electricity and natural gas products provided by Spark Energy to residential customers. Spark Energy is a leading deregulated retail energy provider currently providing energy products to residential and commercial customers in 16 states.

Ampegy’s Independent Representatives have the potential to earn multiple revenue streams by maximizing opportunities within the deregulated energy industry. The two-pronged approach enrolls customers with Spark Energy and simultaneously builds an organization of other Independent Representatives who do the same. The result enables Ampegy Representatives to earn bonuses and residual commissions, all of which are based on the enrollment of energy customers.

“Ampegy successfully applies the network marketing concept to the deregulated energy market,” said Waters Davis, Executive Vice President of Spark Energy and President of Ampegy. “Ampegy provides its Independent Representatives with a variety of powerful training and support tools both online and offline, so that its Independent Representatives are positioned for immediate success and earning potential.”

The Ampegy compensation plan is simple to understand and revolves around three basic goals: enrolling customers, sponsoring other Independent Representatives, and providing support to those Representatives as they enroll their customers. By successfully achieving this simple three-step plan, Independent Representatives can earn immediate income and work towards creating long-term residual income as they develop a team with the potential to generate high levels of new business.

“There is no better way to penetrate a newly deregulated utility market than by harnessing a network marketing business model,” said Steve Smith, Chief Marketing Officer, Ampegy. “I’ve seen it work for the telecommunications industry and I am looking forward to witnessing growth in the energy market as well.”

About Ampegy

Ampegy, a Network Marketing Company, is leveraging the power of deregulation of America’s Energy Industry through Spark Energy. The deregulated residential energy market is a $60 billion industry and growing. As more and more markets become available, the opportunity exists for Independent Representatives to build their own lucrative business in the direct selling market. Ampegy currently offers service through Spark Energy in seven states. To learn more please visit www.Ampegy.com.

About Spark Energy

Houston-based Spark Energy, L.P. is an independent multi-state certified retail energy and natural gas supplier. With more than a decade of experience, the company works to consistently deliver low-cost energy rates, quality products and superior customer service to its customers. Spark Energy is dedicated to positively impacting the communities it serves by building relationships, inspiring philanthropy and promoting good will both inside the company and throughout the community. For more information visit the company’s web site at www.SparkEnergy.com.