EzFill Announces Expansion of Commercial Fleet Business with Addition of New Delivery Vehicles and Launch of New Marketing Campaign

Rhea-AI Summary

EzFill Holdings, a mobile fuel industry leader, has expanded its fleet to 31 delivery vehicles with another 9 in production, aiming for approximately 40 by the end of July. Despite economic challenges, the company signed around 40 new fleet accounts since January, potentially growing volume by 1.2 million gallons annually. EzFill is also increasing operations in West Palm Beach, Tampa Bay, and Orlando, with a new brand awareness campaign ‘Orange Dawn’. The company is well-positioned in the growing mobile fueling sector, appealing to commercial and specialty markets.

Positive

• Expansion to 31 operational delivery vehicles with 9 more in production.
• Signed approximately 40 new fleet accounts since January, increasing potential volume by 1.2 million gallons annually.
• New operational markets include West Palm Beach, Tampa Bay, and Orlando.
• Launch of the 'Orange Dawn' marketing campaign aimed at increasing brand awareness.

Negative

• None.

–Leading Mobile Fuel Company’s Fleet Expands to 31 Vehicles with an Additional 9 in Production–

MIAMI, FL, July 12, 2022 (GLOBE NEWSWIRE) -- EzFill Holdings, Inc. (“EzFill” or the “Company”) (NASDAQ: EZFL), a pioneer and emerging leader in the mobile fuel industry, today announced the expansion of the company’s fleet to 31 operating delivery vehicles, with 9 additional vehicles in production. “We expect our total fleet of delivery vehicles will be at approximately 40 by the end of July” said EzFill Chief Commercial Officer, Rick Dery. “In spite of the challenging economy, EzFill remains very much in a growth mode, with about 40 new fleet accounts signed since January, representing a potential volume growth of approximately 1.2 million gallons annually.”

The Company has increased its support to commercial fleets by expanding its operations to additional markets beyond Miami now including West Palm Beach, Tampa Bay, and Orlando. The new commercial fleet customers include one of the largest grocers in the United States. Moreover, the company is working diligently for the approvals to support residential consumers and retail marine demand in these markets as well.

EzFill also announced today the launching of its new marketing campaign, named “Orange Dawn”. “The project is primarily a ‘brand awareness’ campaign supported by multiple radio ads, aerial banners and over 60 billboard locations throughout Southeast Florida,” said Dery. “With millions of impressions anticipated, the goal with this campaign is that ‘EzFill’ become as ubiquitous as the ‘warm sun’ in Southern Florida,” continued Dery.

“We are excited to grow in these new markets, and West Palm Beach was the ideal location to begin this expansion due its proximity to our established Miami operations, as well as the market’s existing familiarity with mobile fueling and on-demand delivery in general,” said Mike McConnell, CEO of EzFill.

With the number of gas stations in the U.S. continuing to decline, corporate giants like 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 marinas - EzFill is well positioned to capitalize on the growing demand for convenient and cost-efficient mobile fueling options.

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.

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 is the latest fleet update for EzFill Holdings (EZFL)?

EzFill Holdings has expanded its fleet to 31 delivery vehicles with an additional 9 vehicles in production, aiming for a total of approximately 40 by the end of July 2022.

How many new fleet accounts did EzFill sign since January 2022?

Since January 2022, EzFill has signed around 40 new fleet accounts.

What is the potential volume growth from EzFill's new fleet accounts?

The new fleet accounts represent a potential volume growth of approximately 1.2 million gallons annually.

In which new markets is EzFill expanding its operations?

EzFill is expanding its operations to West Palm Beach, Tampa Bay, and Orlando.

What is the purpose of EzFill's 'Orange Dawn' marketing campaign?

The 'Orange Dawn' campaign aims to increase brand awareness through multiple advertising channels including radio ads and billboards.