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Logical Energy Solutions Inc. is the second company to receive $500,000 from the Monroe Fund LLC.
Rochester-based LES is a business-to-business e-commerce company that plans to auction electricity and natural gas from its eBidenergy.com Web site as early as the second quarter. The company also will consult with clients on energy usage.
"LES will ride the wave of energy deregulation and will be a leader of paperless, point-and-click purchasing of energy requirements via the Internet," said Terrence Sick, CEO,
The 4-year-old Monroe Fund, which invested $500,000 in Rochesterbased Web Product Realization Network Inc. at the end of January,...