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EzFill Adds 10 Fleet Accounts in December

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EzFill Holdings (NASDAQ: EZFL) announced the addition of approximately 100 fleet accounts in 2022, with 10 new accounts added in December alone. These accounts span industries such as transportation, auto dealerships, and professional cleaning services, leading to an expected annual increase of 460,000 gallons of fuel deliveries. CEO Mike McConnell emphasized the growing acceptance of mobile fueling services, highlighting EzFill's competitive position in the rapidly expanding mobile fuel market.

Positive
  • Added approximately 100 fleet accounts in 2022.
  • New contracts expected to yield over 460,000 additional gallons of fuel annually.
  • Diverse new fleet accounts from various industries indicate broad market acceptance.
Negative
  • None.

Approximately 100 Fleet Accounts Added in 2022

MIAMI, FL, Jan. 03, 2023 (GLOBE NEWSWIRE) -- EzFill Holdings, Inc. (“EzFill” or the “Company”) (NASDAQ: EZFL), a pioneer and emerging leader in the mobile fuel industry, announced it added 10 new fleet accounts during the month of December, bringing to approximately 100 the number of fleet accounts added in 2022.

The new fleet accounts include companies ranging from moving and storage to transportation, auto dealerships, building supply, professional cleaning services, furniture delivery and a nationally recognized consumer product manufacturer. The new accounts added in December will have regularly scheduled fuel deliveries for more than 180 customer vehicle assets and are expected to result in over 460,000 additional gallons of fuel delivered annually.

Mike McConnell, EzFill Chief Executive Officer, commented, “We’re happy to close out 2022 with a solid month of new account additions. The new fleet accounts come from a wide variety of businesses and underscore the growing acceptance of mobile fueling services.”

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 Relations
John McNamara
john@tradigitalir.com


FAQ

What new developments did EzFill announce in January 2023?

EzFill announced the addition of 10 new fleet accounts in December 2022, totaling approximately 100 added in 2022.

How much additional fuel delivery is expected from new accounts added by EzFill?

EzFill expects over 460,000 additional gallons of fuel delivered annually from the new fleet accounts.

What industries do the new fleet accounts of EzFill represent?

The new fleet accounts include moving and storage, transportation, auto dealerships, and professional cleaning services.

What is the significance of EzFill's growth in fleet accounts?

The growth in fleet accounts underscores the increasing acceptance of mobile fueling services in various industries.

EzFill Holdings, Inc.

NASDAQ:EZFL

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Software - Application
Retail-auto Dealers & Gasoline Stations
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United States of America
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