EzFill Adds 10 Fleet Accounts in February
EzFill Holdings (NASDAQ: EZFL), a leader in the mobile fuel industry, has added 19 fleet accounts in the first two months of 2023, including 10 new accounts in February alone. These accounts represent various industries such as home improvement and food service, totaling approximately 140 vehicles and expected to deliver around 233,000 gallons of fuel annually. CEO Mike McConnell noted a strong retention rate and projected over 100 new fleet accounts by year-end, signaling substantial growth potential.
- Added 19 fleet accounts in the first two months of 2023.
- 10 new fleet accounts added in February, indicating strong market demand.
- Expansion across diverse industries like home improvement and food service.
- Projected delivery of approximately 233,000 gallons of fuel annually.
- High customer retention rate expected to support revenue growth.
- None.
New Fleet Accounts in First Two Months of New Year Reach 19
MIAMI, FL, March 03, 2023 (GLOBE NEWSWIRE) -- 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 Relations
John McNamara
john@tradigitalir.com
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