EzFill Signs Fleet Fueling Agreement with Cool Air USA

Rhea-AI Summary

EzFill Holdings (NASDAQ: EZFL) has signed a fleet agreement with Cool Air USA to provide regular mobile fuel delivery services across Miami. This partnership enhances EzFill's service capabilities in South Florida, coinciding with their expansion into West Palm Beach. Recently, EzFill acquired Full Service Fueling Inc., enhancing its operational footprint. With decreasing gas station numbers, EzFill aims to capitalize on the growing demand for convenient fueling solutions, positioning itself as a leader in the on-demand mobile fuel industry.

Positive

• New fleet agreement with Cool Air USA enhances service capacity.
• Expansion into West Palm Beach increases market reach.
• Acquisition of Full Service Fueling Inc. strengthens operational presence.
• EzFill is positioned to capitalize on the growing mobile fueling demand.

Negative

• None.

–Mobile Fuel Delivery Provider to Regularly Service Vehicles Throughout Miami–

MIAMI, FL, March 17, 2022 (GLOBE NEWSWIRE) -- EzFill Holdings, Inc. (“EzFill” or the “Company”) (NASDAQ: EZFL), a pioneer and emerging leader in the on-demand mobile fuel industry, today announced a new fleet agreement with Cool Air USA in the Miami area, effective immediately.

EzFill will provide regular mobile fuel delivery service for Cool Air, which specializes in air conditioning repair, air conditioning installation, indoor air quality, and pool heating services for customers in Miami-Dade County, Broward County, and Palm Beach County.

“We are pleased to offer our industry leading mobile fuel delivery service to Cool Air USA, an established brand with a significant number of trucks operating throughout South Florida,” said Mike McConnell, CEO of EzFill. “As we continue to expand to new markets beginning with West Palm Beach this month, EzFill will be ideally positioned to service companies like Cool Air that operate in multiple locations.”

EzFill recently announced it has purchased the assets of mobile fuel delivery service Full Service Fueling Inc. (“FULL”) in West Palm Beach from an affiliate of Palmdale Oil Company. In addition, EzFill selected Palmdale to be one of its main fuel suppliers throughout Florida with preferred pricing on all fuel purchases.

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.

About Cool Air USA

Cool Air USA is dedicated to providing the best air conditioning repair, air conditioning installation, indoor air quality, and pool heating services in South Florida since 2008. The company’s team of experienced professionals work around the clock to ensure that its customers receive timely and satisfactory service. For more information, visit www.coolairusa.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.

For further information, please contact:

Investor and Media Contact
KCSA Strategic Communications
Kathleen Heaney / Joshua Greenwald
EzFill@kcsa.com

FAQ

What is the recent agreement announced by EzFill Holdings?

EzFill Holdings announced a fleet agreement to provide mobile fuel delivery services for Cool Air USA in Miami.

How is EzFill expanding its market presence?

EzFill is expanding its market presence by entering West Palm Beach and acquiring Full Service Fueling Inc.

What does the agreement with Cool Air USA mean for EzFill?

The agreement allows EzFill to increase its service capacity and enhance operational efficiency in South Florida.

What is the significance of EzFill's position in the mobile fueling industry?

EzFill is positioned as a leader in the mobile fueling industry, addressing the growing demand for convenience as gas station numbers decline.