Ambit Energy Review 2011
Ambit Energy was founded in early 2006 at a Potbelly’s restaurant in Addison, Texas, USA over a couple of turkey sandwiches. Introduced through a mutual friend, Jere Thompson and Chris Chambless met for lunch to discuss energy deregulation. They liked the opportunity, and they liked each other.
During lunch, they made a few important decisions: to build the finest and most respected retail energy company in America, provide affordable electricity and gas, and to never sacrifice their integrity for growth.
In 2008, Ambit recorded revenues of almost $200 million and nearly $325 million in 2009. In 2010 the biggest achievement was being named America’s Fastest-Growing Private Company by Inc. magazine, which placed Ambit on top of the publication’s renowned Inc. 500 list. Ambit delivers energy services in New York, Maryland, Pennsylvania, Illinois and Texas. The company is a member of the Direct Selling Association (DSA). The company has more than 120,000 independent sales consultants. Revenue 2010 $417 million.
Products
Energy Services in 5 states in the USA
If you’re like most energy customers, you’re probably not used to generosity from your energy company. If you’re an Ambit Energy customer, Ambit Energy actually appreciates your business. And the company wants to reward you for becoming, then staying, a loyal customer. That's why Ambit Energy has created one of the most attractive customer rewards programs in the industry. The company wants you to sign up, and then enjoy the benefits of being an Ambit Energy customer.
If you’re like most energy customers, you’re probably not used to generosity from your energy company. So you probably won't believe this next part. If you’re an Ambit Energy customer, we actually appreciate your business. And we want to reward you for becoming, then staying, a loyal customer.
That's why we've created one of the most attractive customer rewards programs in the industry. We want you to sign up, and then enjoy the benefits of being an Ambit Energy customer.
Compensation Plan
Once you’re an Ambit customer and saving money, you can save even more. In fact, you can all but eliminate your Ambit Energy payment every month when you refer enough customers to use Ambit Energy's service. When you refer a minimum of 15 paying customers, you’ll receive a credit on Ambit Energy bill equal to the average amount of their payments. There are two types of Ambit Independent Consultants: Marketing Consultants and Affiliate Partners.
Marketing Consultants (MCs) are Independent Consultants who enroll in the Ambit Support and Services Program. The one-time cost of the Program is $429 with no annual renewal fee. The Ambit Compensation Plan rewards you for building your
organization by gathering new customers and new Consultants and helping those Consultants build their own teams.
Leadership Bonuses are paid to those who reach Leadership Positions. The bonuses increase in size as you are promoted to higher Leadership Positions. And the bonuses are paid on every qualifying new customer and new Marketing Consultant
entering your organization through unlimited levels (not just six levels).
Corporate leadership
Executive team from left to right: Jere W. Thompson Jr. Co-Founder and Chief Executive Officer, Chris Chambless Co-Founder and Chief Marketing Officer, John Burke Co-Founder and Chief Information Officer, Cynthia Williams Young, Chief Service Officer., Laurie Rodriguez –CFO
Alexa Ratings, 3 months growth 32%. Worldwide rank 42,331
Ambit Energy Top Earners – The earnings are as follows:
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Rank Rank Name Company Est. Month Est. Year Website 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37
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Get more information, facts and figures about Ambit Energy, click here for the Ambit Energy overview.
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Great Company!
I am shock to see such allegations brought against a fine company, Ambit Energy, As a former consultant myself, I find this news
of a lawsuit against Ambit Energy as a joke. You joking right? I hope you and Ambit get this solved so you can move on. Personnally myself, my only thing with Ambit Energy is that they were not moving fast enought from State to State offering their energy services. But, this is a fine company with much intrgrety. Something wrong somewhere; Why a lawsuit?
With so much against the MLM industry, we don?t need this kind of action or lawsuit unless it is really cause for. Even though I have moved on to another business opportunity, I hope this lawsuit does?nt hurt the industry.
Thanks for allowing me to comment.
Valdis
I received the news about this lawsuit the other day and I thought it was a joke as well. I mean, if you’re an EC, one of the most coveted positions on the compensation plan, there is no way you would be suing Ambit.
Then, after reading the allegations sent to me via email. My laughter turned to anger. First off, this is one of the most legitimate companies I have come across in the Direct Selling/Network Marketing world. Second, from everything I have not only ready and heard, but also seen, from the owners to the top income earners all operate with integrity and honor. Those that don’t, are asked to leave or thrown out.
What really burns my butt and makes me wish we could take a class action lawsuit against her and her attorneys for suggesting it, is that she is trying to get an injunction that would prevent Ambit Energy from operating in NY State, which would hinder my income making ability.
Lady, if you have a beef with Ambit, then take it up with them privately and leave the rest of us that are building our business legitimately alone and bottom line, don’t mess with my MONEY!!!!
To Randolph Hill,
You heve no idea, how Ambit literally still money from consultants and abuse customers, your customers abused too.
Some documents regards customer abused will be publish soon. Check YouTube during next week, actual evidence will be available.
Uri
The information I have is that the founders of Ambit are hiding their failed business experiences at Janglefish, Radius, Blue Vista and Spruce and now they are hiding the exit of their COO and architect of the Ambit marketing and compensation plan. The only fair thing to do is to let prospective Ambit reps have all the information about Ambit and their founders before they ask for their money. Why the deception?
Our founders bring invaluable experience and share common values and goals. Ambit is committed to improving the lives of our Consultants, customers and employees. And we are guided by core principles established by our founders that emphasize integrity, excellence, commitment and enthusiasm in all that we do.
OUR FOUNDERS
Jere W. Thompson, Jr.
Mr. Thompson is Co-Founder and CEO of Ambit ******. In 1992, Mr. Thompson was at the forefront of the telecommunications industry as it deregulated. He founded CapRock Fiber Networks to build fiber and broadband networks across Texas and neighboring states. As CEO, Mr. Thompson guided CapRock into new markets, took the company public and managed its growth from infancy to 1,300 employees and $300 million in annual revenues. Prior to CapRock, Mr. Thompson?s work experiences included overseeing portfolio companies at The Thompson Company, community development at Trammell Crow Company and investment banking at Goldman, Sachs & Co.
Mr. Thompson received an AB in Economics at Stanford University and a MBA from the University of Texas in Austin. He sits on the boards of two schools, two hospital foundations and several civic organizations. He was Chairman and a member of the Board of the North Texas Tollway Authority for twelve years.
“CapRock Fiber Networks”, well close to the truth. How about CapRock Communications Inc. for the real truth.
February 5, 1999 CAPROCK TEAMS WITH ENRON
CapRock Communications Corp. (Nasdaq: CPRK) today announced it has signed an agreement with Enron Communications, a wholly owned subsidiary of Enron Corp. [NYSE: ENE], to jointly build over 1,000-miles of fiber optic network within the state of Texas. Construction on the more than $100 million project will begin immediately and is anticipated to be completed this fall.
The network will connect Amarillo, Lubbock, Dallas, Fort Worth, Waco, Bryan, Austin, San Marcos, San Antonio and Houston. The project will include an advanced, highly scalable fiber network capable of providing unprecedented capacity for voice, data and video traffic transmission.
“It is tremendously exciting for us to be associated with a company the caliber of Enron Communications. The benefits of this network to the people and businesses in the state of Texas are enormous,” said Jere W. Thompson, Jr., CapRock chairman and CEO. “This relationship enables CapRock and Enron to be the first to connect these Texas markets with an advanced, state-of-the-art fiber network that will greatly reduce communication costs to customers.”
July 26, 2000 CLASS ACTION COMPLAINT FOR VIOLATION OF THE FEDERAL SECURITIES LAWS
Defendants’ false and misleading statements concerning the revenues to be derived from its dark fiber segment, which would result in second quarter 2000 earnings per share (“EPS”) of $(0.08) and revenue of $70 million, artificially inflated the price of CapRock stock to a Class Period high of $36. This upsurge in CapRock’s stock price caused by defendants’ false and misleading statements allowed CapRock to sell 4.5 million shares of CapRock stock for proceeds of $83 million and enabled defendants to infuse CapRock with desperately needed capital to fund its operations. On July 6, 2000, days after CapRock’s Secondary Offering was completed, CapRock revealed that it was in fact suffering a huge drop in revenues, and that its losses would be 800% greater than defendants had stated in the prior weeks, and exposed the problems CapRock had been experiencing during the Class Period with its dark fiber business. This announcement caused its stock price to drop to as low as $12 from its Class Period high of $36 on record volume of over 4 million shares on July 6, 2000, causing tens of millions of dollars in damages to members of the Class.
October 3, 2000 CapRock’s sale to McLeodUSA announced
CapRock announced on October 3, 2000 that it had entered into a definitive merger agreement with McLeodUSA Incorporated (Nasdaq: MCLD). McLeodUSA will acquire CapRock through the issuance of approximately 15.1 million shares of McLeodUSA common stock.
January 31, 2002 Chapter 11 Reorganization.
During 2002 we evaluated our capital structure and on January 31, 2002, McLeodUSA Incorporated, the parent company, filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware
October 19, 2005 after filing bankruptcy for a second time McLeodUSA was reorganized, JOINT PREPACKAGED PLAN OF REORGANIZATION OF McLEODUSA INCORPORATED AND ITS AFFILIATE DEBTORS
As of October 31, 2005, there were 201,946,344 shares of Class A Common Stock, 78,203,135 shares of Class B Common Stock, 35,546,879 shares of Class C Common Stock, 2,285,864 shares of Preferred Series A Stock and 10 shares of Preferred Series B Stock issued and outstanding. Under the Plan, all such shares shall be cancelled and no consideration will be paid or delivered with respect thereto.
Jere less than honest about the name of another company he founded.
Involved with Enron.
Subject of a class action stock holders lawsuit.
Merged the company for common stock to McLeodUSA, a failing company that filed bankruptcy twice. Common stock that very quickly became worthless.
Now an MLM.
You be the judge.
The big Ambit lie is that you can earn any real residual income in Ambit. Why is it a lie? Because Ambit has hidden qualification requirements that are set so high that the vast majority of people will never get paid no matter how big there dowline is. Ambit will get it but the field won’t. Yes, the big money is all illustrated in the Ambit presentation but the qualifications are not disclosed. It is blatently deceptive.
For anyone that knows anything about MLM this is an old dirty trick that some companies use to make their presentation look good on the surface but they never have to pay out much to the field. The ugly truth is you can put anything in a presentation if you set the qualifications so outrageously high that hardly anyone will ever qualify to get paid. The result is that a few will always get qualified to be paid (or have qualifications waived by Ambit like the ex-Excel hired guns) but since the bar is set so high the vast majority will never get qualified to get paid and the foundation will begin to crumble soon for all. The unbelieveable truth is that the qualification requirements are still way to high even though they have already been lowerd once.
For example, the Ambit presentation illustrates $151,090 residual income/month (sure) but they never mention that you must have 20 personal customers to be qualified to get paid. Look at all the qualifications to get paid and you will see that the average person will never qualify to earn more than a few hundred dollars in residual income. Even worse, the same presentation that illustrates $151,090/month shows everyone with only 10 customers which means nobody in the example is qualified to get paid that amount. This is beyond simple deception.
Now I know some of you out there are simply Ambit shills, but if you are truely serious about getting paid for your efforts at Ambit then this information has to make you sit back and wonder about the future.
As for the hired guns, the last meeting I went to did not give me the ****** to sell anything. Mr. Chambless and his so called team of experts needs to get with the program. I remember Mr. Lawrence in a meeting a while back as being the life of the party. He should lead the channel. Mr. Chambless needs to go! A big bore!
Imagine, another failed business by Mr. Thompson and Mr. Janglefish.
Hey Yuri…not sure what your deal is with Ambit, but no where in any Ambit presentation has there ever been a figure of $151,090 or anything close to it. The accurate slide you tried to reference is just over $30,000 for enrolling 3 consultants with 10 customers duplicated down through 6 levels. You also failed to mention the slide where it shows the same scenario with 2 customers per consultant versus 10 which gives you a monthly residual just over $6,000. The whole point is to be the opposite of misleading…yes you will only EVER need 20 customers, but we show you what your pay would look like if you only got 10 customers, and much worse 2 customers. Anybody with half a brain can do that…except you it seems. You’re a joke and probably lack the drive and work ethic to be successful at anything worth having. You’ve personally offended me and all the people I’ve helped save lots of money on their bill. I get direct deposits from Ambit every Friday and on the 15th of every month without fail.
If you can’t find 20 people that wants to save money vs. incumbent rates like TXU and Reliant here in Texas then yes, you indeed are a failure. Not only that we have FREE electricity for recommending Ambit to just 15 people…I’d be glad to email you my bill. If you somehow carried your “employee” mindset over into Ambit then no you won’t make any money…this is not a “job”…it’s a business. If you don’t perform…you don’t get paid. There are many life-changing testimonies in Ambit…I’m one of them.
Ambit energy is a SCAM. I signed up in November of 2010 and didnt actually receive anything from them until January 2011. At first I saved roughly $20 a month. It was too good to be true. July hit and all of a sudden I got billed for $175.25 (my bill was $65 each month prior). I called Ambit and they said “sorry we supply the gas but you have to talk to National Grid about this. So I called National Grid and noticed that they have not read our meter in a year. Mind you about a month before we got a letter from Ambit saying that they noticed that we are using more gas then they thought. My gas meter is in the house so there is no way anyone can read my meter without me letting them in the basement. So I gave my new reading to National Grid and they advised me to not pay and that they would mail me a revised bill because we used LESS gas than they estimated. We waited and 11 days later we got the new one. In 11 days Ambit energy charged us another $175.25 on top of the $175.25 they bill 11 days before. Mind you the first bill said balance due to company $364.68 and the revised bill says balance due in your favor $86.85. I called Ambit and no one can help or even explain why they are doing this (not even the supervisors). No one in Ambit gets back to you when they say they will and no one can help in my situation. All they tell me is to pay the $350.00 and they will compensate us when/if they find reason to refund any payment. I do not trust Ambit in the least they are a SCAM!!
@Kami, there are several holes in your story that does not make sense. 1. Utility companes can read your meters without being in your house, think really hard about it( do you honestly think That a utility company have to be in your house to read a meter, ppl would intentionally avoid letting them in,….2. Ambit is just the supplier, meaning in laments term, all they do is supply your utility company with the energy you used at whatever rate you signed up at…ex: if you used 667kmh of energy and your rate was 8.7cents per kmh then that portion of your bill would be &58 dollars..,ambit does not read meters, they got your info from national grid. What seems to be happening here is national grid is giving you the run around. try to get in contact with a manger from there. But please stop the ignorant rumors about ambit being a scam because that’s. One hundredth percent false.
Interesting review. The comments are actually amusing since there is no validation by either one of the commentators 🙂