31st Aug 2007 07:01
Homeserve Plc31 August 2007 Homeserve Signs a Marketing Agreement With FirstEnergy Solutions Providing Access to an Additional 1.1 M Households. Homeserve plc announces a further key development in its US operation, with thesigning of a five year marketing agreement with FirstEnergy Solutions, asubsidiary of FirstEnergy Corp., to market home emergency policies to 1.1Melectricity households in its New Jersey service areas. Homeserve's US business, based in Miami, Florida, currently has 285,000 homeemergency policies and the signing of the marketing agreement with FirstEnergySolutions significantly increases the number of available US households - from4.8M to 5.9M. By way of comparison, Homeserve GB, currently has access to amarket of 21.9M households in the UK. FirstEnergy Corp. is a diversified energy services holding company based inAkron, Ohio. Its seven electric utility operating companies comprise the USA'sfifth largest investor-owned electricity system, based on 3.4M households inOhio and Pennsylvania and 1.1M in New Jersey. In August 2006, Homeserve announced the signing of a five year marketingagreement with FirstEnergy Corp. for the marketing of its home assistancepolicies to FirstEnergy customers in Ohio and Pennsylvania and the simultaneousacquisition of 20,000 existing FirstEnergy policies. Marketing under thatagreement began in October 2006 and FirstEnergy branded policies now exceeds65,000 after only ten months. Brian Whitty, Executive Chairman commented: "This agreement realises furtherprogress for our US business, providing us with an additional millionhouseholds. We continue to target developing new affinity relationships withelectricity and gas companies in the US as well as water utilities and, asmentioned in our recent Interim Management Statement, the pipeline ofopportunities remains encouraging." Enquiries: Homeserve plcBrian Whitty, Executive Chairman 01922 427900Jonathan Simpson-Dent, Chief Financial Officer 01922 427903 TulchanAndrew Honnor 0207 353 4200Stephen Malthouse This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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