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EzFill Announces New Fleet Agreement with Alto in Miami

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EzFill Holdings, Inc. (NASDAQ: EZFL) has signed a fleet agreement with Alto, a ride-hailing company, to provide regular mobile fueling services for its 5-star SUVs in Miami. EzFill, Florida's largest on-demand mobile fuel delivery provider, plans to fuel 28 vehicles initially, with intentions to expand to 100 by Q1 2022. This agreement aims to enhance service efficiency for Alto's drivers, giving them more time to transport clients. EzFill also secured fueling agreements with 1-800-GOT-JUNK? and SERVPRO of North Miami, indicating growth in servicing commercial fleets.

Positive
  • New fleet agreement with Alto to fuel 28 vehicles, expanding to 100 by Q1 2022.
  • Strengthens EzFill's position in the growing mobile fuel market.
  • Additional agreements with 1-800-GOT-JUNK? and SERVPRO indicate a broader client base.
Negative
  • None.

--Leading Florida-Based Mobile Fueling Company to Regularly Service
National Ride-Hailing Company’s 5-Star Vehicles--

MIAMI, FL, Dec. 14, 2021 (GLOBE NEWSWIRE) -- EzFill Holdings, Inc. (“EzFill” or the “Company”) (NASDAQ: EZFL), a pioneer and emerging leader in the on-demand mobile fuel industry, announced today the signing of a new fleet agreement with Alto, a leader in ride-hailing and private transportation.

EzFill, the largest on-demand mobile fuel delivery provider in Florida, will supply regularly scheduled fueling to 28 of the Dallas-based rideshare company’s fleet of 5-star SUVs in Miami, with plans to fuel an additional 100 Alto vehicles by the first quarter of 2022.

The Company also recently announced agreements with 1-800-GOT-JUNK? and SERVPRO of North Miami to provide regularly scheduled fueling for their vehicle fleets in the Miami area.

“There are numerous national companies like Alto with small- to medium-sized commercial fleets operating in the Miami area, and servicing more and more of these businesses will help pave the way for our planned expansion around the country,” said Mike McConnell, CEO of EzFill. “With strong competition among ridesharing services, our on-demand mobile fueling operations will give Alto an edge by freeing up more time for its drivers to transport their clients.”

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, please visit https://getyourezfill.com.

About Alto

Founded in 2018, Alto is the first W-2 employee-based, on-demand ride-hailing company rethinking the business model of a traditionally inconsistent, gig-based industry. By hiring vetted, professional drivers and managing a dedicated, company-owned fleet of 5-star crash rated vehicles, Alto offers the safest, most consistent, and highest quality passenger experience on the market today. For more information, visit www.ridealto.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:
KCSA Strategic Communications
Kathleen Heaney / Joshua Greenwald
EzFill@kcsa.com


FAQ

What is the recent fleet agreement involving EZFL?

EzFill has signed a fleet agreement with Alto to provide mobile fueling services for its vehicles in Miami.

How many vehicles will EzFill service under the Alto agreement?

EzFill will initially service 28 vehicles, with plans to fuel an additional 100 by Q1 2022.

What other agreements has EZFL announced recently?

EzFill has also secured fueling agreements with 1-800-GOT-JUNK? and SERVPRO of North Miami.

How does the agreement with Alto benefit the company?

The agreement enhances service efficiency for Alto's drivers, allowing them more time for client transport.

What market is EZFL operating within?

EzFill operates in the on-demand mobile fuel industry, particularly focused on commercial fleet fueling.

EzFill Holdings, Inc.

NASDAQ:EZFL

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