EzFill Adds 10 Fleet Accounts in February
March 03 2023 - 8:15AM
EzFill Holdings, Inc. (“EzFill” or the “Company”) (NASDAQ: EZFL), a
pioneer and emerging leader in the mobile fuel industry, announced
that it added 10 new fleet accounts during the month of February,
bringing the year-to-date new fleet account number to 19.
The new fleet accounts include companies in the
following industries: home improvement, auto rental, pet grooming,
care providers, food service and distribution, pool supplies and
moving and storage. EzFill will provide regularly scheduled fuel
deliveries for an aggregate of approximately 140 vehicles that are
expected to add up to approximately 233,000 additional gallons of
fuel delivered annually.
Mike McConnell, EzFill Chief Executive Officer,
commented, “We had another strong month in February, even with the
shortened month. Our new fleet accounts cover a wide range of
businesses across Miami and Tampa, again illustrating that the
trend to mobile fueling is growing across all commercial segments
and locations. While it is still early in the year, if this trend
continues, we believe that we may be able to obtain more than 100
new fleet accounts in 2023. We also have a very high customer
retention rate, which we believe should help us deliver another
strong year of revenue growth taking into account a full year of
revenue for customers added during 2022.”
About EzFill
EzFill is a leader in the fast-growing mobile
fuel industry, with the largest market share in its home state of
Florida. Its mission is to disrupt the gas station fueling model by
providing consumers and businesses with the convenience, safety,
and touch-free benefits of on-demand fueling services brought
directly to their locations. For commercial and specialty
customers, at-site delivery during downtimes enables operators to
begin their daily operations with fully fueled vehicles. For more
information, visit www.ezfl.com.
With the number of gas stations in the U.S.
continuing to decline, corporate giants such as Shell, Exxon, GM,
Bridgestone, Enterprise, and Mitsubishi have recognized the
increasing shift in consumer behavior and are investing in the fast
growing on-demand mobile fueling industry. As the only company to
provide fuel delivery in three vertical segments - consumer,
commercial, and specialty including marine, we believe EzFill is
well positioned to capitalize on the growing demand for convenient
and cost-efficient mobile fueling options.
Forward Looking Statements
This press release contains “forward-looking
statements” Forward-looking statements reflect our current view
about future events. When used in this press release, the words
“anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,”
“plan,” or the negative of these terms and similar expressions, as
they relate to us or our management, identify forward-looking
statements. Such statements, include, but are not limited to,
statements contained in this press release relating to our business
strategy, our future operating results and liquidity and capital
resources outlook. Forward-looking statements are based on our
current expectations and assumptions regarding our business, the
economy and other future conditions. Because forward–looking
statements relate to the future, they are subject to inherent
uncertainties, risks and changes in circumstances that are
difficult to predict. Our actual results may differ materially from
those contemplated by the forward-looking statements. They are
neither statements of historical fact nor guarantees of assurance
of future performance. We caution you therefore against relying on
any of these forward-looking statements. Important factors that
could cause actual results to differ materially from those in the
forward-looking statements include, without limitation, our ability
to raise capital to fund continuing operations; our ability to
protect our intellectual property rights; the impact of any
infringement actions or other litigation brought against us;
competition from other providers and products; our ability to
develop and commercialize products and services; changes in
government regulation; our ability to complete capital raising
transactions; and other factors relating to our industry, our
operations and results of operations. Actual results may differ
significantly from those anticipated, believed, estimated,
expected, intended or planned.
Factors or events that could cause our actual
results to differ may emerge from time to time, and it is not
possible for us to predict all of them. We cannot guarantee future
results, levels of activity, performance or achievements. The
Company assumes no obligation to update any forward-looking
statements in order to reflect any event or circumstance that may
arise after the date of this release.
Investor and Media Contact:Tradigital Investor RelationsJohn
McNamarajohn@tradigitalir.com
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