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Amerex Energy Services Expands Northeast Presence, Adds Three Team Members

HOUSTON, Oct. 29, 2013 /PRNewswire/ -- In order to support and build upon its growth, Amerex Energy Services, a division of Amerex Brokers LLC, a wholly-owned subsidiary of GFI Group Inc. (NYSE: GFIG), has hired three new team members. Stuart King has been appointed Vice President of Northeast Energy Consulting, Will Matthews has been appointed Director of Portfolio Management, and Brett Zeitz is Amerex's newest Energy Consultant.  All will report to Jeff Shoaf, SVP of Amerex Energy Services.  Mr. King will be based in Connecticut, while Mr. Matthews and Mr. Zeitz will be based in Houston.

Mr. King joins Amerex Energy Services with over 30 years of energy industry experience, most recently serving as Director of Northeast Sales for NextEra Energy Services.  He has extensive retail and wholesale energy experience, and has performed sales and sales management functions for Integrys Energy Services and Select Energy, and customer management activities for Northeast Utilities Services Company. Mr. King earned a BS in Mechanical Engineering from Western New England University in Springfield, MA and a MBA from the University of Connecticut.  Mr. King is a past president of the Connecticut Power and Energy Society (CPES) and has served on the Board of Directors of CPES and the Tri-State Energy Association. He will focus on further developing Amerex's presence in the Northeast markets.

Mr. Matthews joins Amerex following an entrepreneurial venture and four plus years as Pricing Manager for another energy brokerage firm. He has structured natural gas, electricity and propane deals for clients across nearly every deregulated territory in the US.  Mr. Matthews will be responsible for managing Amerex's large book of power and natural gas contracts for clients choosing a more sophisticated risk management strategy, including heat rates, block and index, and LMP index. He graduated from Rice University in Houston, Texas with a BA in Economics and Managerial Studies.

Mr. Zeitz joins Amerex from another energy consulting firm in the Houston area, and has worked extensively in the manufacturing, engineering, construction and power industries over the past two decades. His diverse and successful background includes Technical Sales, Product Line Manager, Regional Sales Manager and Energy Consulting roles. Mr. Zeitz earned a BS in financial mathematics from the University of Houston.

"We are excited to further grow our team with the great expertise and talent in Stuart, Brett and Will. They will help Amerex continue to provide knowledge, service and value to current and new clients, and we continue to seek similar highly qualified and experienced energy veterans," said Jeff Shoaf.

About Amerex Energy ServicesAmerex Energy Services is an energy consulting firm that advises commercial, industrial, governmental and institutional entities in developing and implementing long term energy strategies. With over 30 years of wholesale and 9 years of retail energy experience, Amerex offers exceptional market intelligence and depth of experience in providing comprehensive energy price risk management services. Amerex Energy Services is the retail consulting division of Amerex Brokers LLC, which is a wholly-owned subsidiary of GFI Group Inc. (NYSE: GFIG).

For more information, contact: Melissa MundyVice President, Marketing & Data ServicesAmerex Brokers LLC 281-340-5206

Forward-looking statementCertain matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "might," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of GFI Group Inc. (the "Company") and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: economic, political and market factors affecting trading volumes; securities prices or demand for the Company's brokerage services; competition from current and new competitors; the Company's ability to attract and retain key personnel, including highly-qualified brokerage personnel; the Company's ability to identify and develop new products and markets; changes in laws and regulations governing the Company's business and operations or permissible activities; the Company's ability to manage its international operations; financial difficulties experienced by the Company's customers or key participants in the markets in which the Company focuses its brokerage services; the Company's ability to keep up with technological changes; uncertainties relating to litigation and the Company's ability to assess and integrate acquisition prospects. Further information about factors that could affect the Company's financial and other results is included in the Company's filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Amerex Energy Services

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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