SOURCE: Stream Energy

June 30, 2008 10:36 ET

Entrepreneur of the Year Award for Southwest Region Goes to Stream Energy Founder Rob Snyder

DALLAS, TX--(Marketwire - June 30, 2008) - The innovator behind one of the nation's fastest growing companies, Rob Snyder of Stream Energy, has been named Entrepreneur of the Year for the Southwest Region in the Services category. Snyder was recognized 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 sustaining market-leading businesses. The award recognizes Snyder for his dynamic leadership of Stream Energy, and his personal and corporate contributions to business and society.

His story, and that of Stream Energy, are intertwined tales of vision and daring. In 2004, Snyder left behind almost two decades of private equity involvement and formed Stream Energy, risking his professional reputation to persuade the public that there was a better way to buy electricity. His determination to succeed transformed Stream Energy into one of the fastest-growing firms in U.S. history, poised during its fourth fiscal year to break $1 billion in revenues.

Stream Energy began selling electricity during 2005 through a small army of more than 100,000+ Independent Associates. By using the direct sales approach to customer recruitment, Snyder and the firm's other founders have realized their vision of growth while giving people a means to generate incremental income, even during difficult economic times.

This amazing success -- with roughly 350,000 customers recruited in only three years of operation as a retail electricity provider -- has resulted in Stream Energy standing among the largest privately-owned companies in the Dallas-Fort Worth region and has generated tens of millions of dollars for its marketing associates. Stream Energy continues to expand its electricity customer base in Texas by as much as five percent monthly and has also recently experienced explosive growth from its April 2008 entry into the Georgia natural gas retail market.

With this honor, Snyder joins other previous Southwest Regional winners including Michael Dell of Dell Computers, Herb Kelleher of Southwest Airlines, Mark Cuban and Todd Wagner of Broadcast.com, Norman Brinker of Brinker International and H. Ross Perot of Perot Systems.

Additional information about Stream Energy is available on the website www.streamenergy.net.

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