Blue Asset Management LLC Enters Into Agreement with Energy Plus

Paterson, NJ, December 07, 2010 --(PR.com)-- According to Charles BLumenkehl, CEO and managing partner, Blue Asset Management LLC has entered into an agreement with Energy Plus, an independent utility company licensed by the State of New Jersey, to supply electric on a test basis to one of their properties in New Jersey. According to Blumenkehl, the property, a garden apartment complex located in Paterson, New Jersey, hopes to save between 10-15% on its electric cost, which will translate to several thousands of dollars saved in electric costs a year.

According to Charles Blumenkehl, "With the deregulation of utilities in New Jersey, we have chosen Energy Plus as a potential partner to service our utility needs. We are hopeful to reap the benefits of the anticipated savings made available though deregulation of utility providers, and hope to add more buildings once we are satisfied Energy Plus has implemented meaningful savings and service to our company."

Blue Asset Management LLC is a buyer and seller of performing and non performing notes and distressed real estate. The company also maintains a portfolio of properties in Bergen, Passaic, Hudson and Morris Counties in New Jersey. For more information about Charles Blumenkehl or Blue Asset Management LLC lo onto the company website at www.assetmanagementllc.com

Energy Plus® is an independent energy company that has been licensed by the Connecticut Department of Public Utility Control (DPUC), the Maryland Public Service Commission (PSC), the New Jersey Board of Public Utilities (BPU), the New York Public Service Commission (PSC), the Pennsylvania Public Utility Commission (PUC) and the Public Utility Commission of Texas (PUCT license # 10172) and works with local utility companies. Energy Plus provides electricity services through Energy Plus Holdings LLC and natural gas services through Energy Plus Natural Gas LP. and maintains its mission to supply energy to home or small business at the lowest possible cost.

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