PrivateMarkets, Inc.
PrivateMarkets, Inc. (“PrivateMarkets”) is one of Amphion’s new Partner Companies. Originally named Energy Trading International Inc., when it was formed in February 2007, the new company has recently re-launched themselves and their new product as PrivateMarkets. PrivateMarkets has introduced the first and only service for the bilateral, structured trading of energy commodities. The company creates a unique Virtual Private Market™ that is ideal for the special physical hedging and trading needs of non-retail consumers of energy commodities including industrials, wholesalers, municipal utilities, and investor owned utilities.
PrivateMarkets is initially marketing its product to the electricity and gas markets in the US, but plans to expand its operations to other commodity markets in the US, as well as globally. In the US alone, the total addressable market for the company is well in excess of US $1 billion a year.
Amphion’s full-diluted ownership stake in PrivateMarkets was 13.06% as of 31 December 2007, valued at US $1.7 million (2006: n/a).
Management
Christopher Sanders – President and Chief Executive Officer
Thomas Lord – Vice President, Strategy and Planning
Bob Wittmeyer – Vice President, Operations
Board of Directors
Richard C.E. Morgan, Chairman – Chief Executive Officer, Amphion Innovations plc
Kenneth Lord – Chief Executive Officer, FireStar Software Inc.
Raymond McKenzie – Partner, Geninvest
Christopher Sanders – President and Chief Executive Officer, PrivateMarkets, Inc.
