EzFill Announces Geographic Expansion into West Coast Florida Market
EzFill Holdings, Inc. (NASDAQ: EZFL) has expanded its operations in Tampa Bay, targeting growth in the mobile fuel market. This region, home to nearly 3.2 million people, presents significant opportunity for EzFill’s services across commercial fleets, marine, and direct consumer sales. The company reports securing over 11 fleet customers, with an estimated fuel consumption of 600,000 gallons annually from 160 commercial vehicles. EzFill plans further expansion within Florida and beyond, aiming to capture the increasing demand for mobile fueling services.
- Secured over 11 new fleet customers in Tampa Bay.
- Projected fuel usage of around 600,000 gallons per year from 160 vehicles.
- Expansion plans include further growth within Florida and new markets.
- None.
- EzFill Embracing the Famous Tampa Tag Line of “Come to Tampa Bay where Treasure Awaits” –
MIAMI, FL, Aug. 30, 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 in the West coast of Florida, specifically the Gulf of Mexico region of Tampa Bay.
Tampa Bay is Florida’s largest open water estuary, extending over 400 square miles and forming coastlines of Hillsborough, Manatee and Pinellas counties. The area includes a population of almost 3.2 million people - over two times the population of Miami. To that end, Tampa Bay represents a premier opportunity for EzFill to maximize growth in all three main verticals: commercial fleet, marine and sales direct to consumers.
“In a very short amount of time, we have been able to secure over 11 brand new fleet customers to our service offering. This includes one of the largest grocers within the country where our service commitment to them includes hundreds of thousands of gallons of fuel per year covered by two fills per day, seven days per week,” says EzFill Chief Commercial Officer, Rick Dery. Another new customer in this market, Pexco, a major produce distributor in the region promotes the service benefits. “This is a first for our fleet and I cannot express how enthusiastic we are at Pexco to utilize it. It’s all about freedom to do our work!” says Victor Hinson, Transportation Manager at Plant City based Pexco.
“After only several weeks, the EzFill portfolio of business in the Tampa Bay area includes servicing over 160 commercial vehicles that will utilize approximately 600,000 gallons of fuel per year … and we’re continuing to grow.” continued Dery.
“Smart, consistent and strategic growth are the paramount guidelines for expansion for the EzFill team.” asserted Michael McConnell, CEO of EzFill Holdings. “Tampa is a perfect example and is proving to be an excellent market for us. Jacksonville is projected to open by end of September. Further growth within Florida … and more importantly, outside the boundaries of the state, are front burner objectives for EzFill in the coming months.”
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
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