EZFILL APPOINTS MICHAEL DEVOE AS CHIEF OPERATING OFFICER

Rhea-AI Summary

EzFill Holdings has appointed Michael DeVoe as the new Chief Operating Officer, following the resignation of Cheryl Hanrehan. DeVoe brings over 25 years of experience in operations and logistics from his prior roles at Atlas Oil and Paraco Gas. The company aims to capitalize on the mobile fuel delivery market, valued at approximately $500 billion, and enhance its service offerings in Florida. EzFill emphasizes its mission to disrupt traditional fueling models by providing safe, convenient, and on-demand fueling services to consumers and businesses.

Positive

• Appointment of Michael DeVoe as COO expected to bring valuable expertise in operations and logistics.
• EzFill positioned to capitalize on a $500 billion market segment for mobile fueling services.

Negative

• Cheryl Hanrehan's resignation may raise concerns about continuity in leadership.

--Former Executive at Atlas Oil and Paraco Brings His Expertise in
Operations, Logistics and Retail Energy to EzFill—

MIAMI, FL, Jan. 19, 2022 (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 appointment of Michael DeVoe as Chief Operating Officer. The former COO of Atlas Oil Company and EVP of Paraco Gas Corporation brings more than 25 years of expertise in operations, logistics, and retail energy to the Company.

DeVoe was previously COO of Atlas Oil in Michigan, where he was responsible for sales, operations, logistics, and business intelligence for the fuel distribution and logistics company. Before that, he was President of First Coast Propane in Florida and EVP of Paraco, the largest privately held propane marketer in the Northeast. Earlier in his career, DeVoe worked at TOMRA North America as VP of Operations.

Cheryl Hanrehan officially announced her resignation as COO of EzFill on January 17th. Ms. Hanrehan will continue to serve as a member of the Company’s board of directors, as well as a strategic advisor for the Company’s management as it continues to execute its ongoing expansion plans.

“Michael’s more than 25 years in the gas and oil industry, along with his innovative thinking and strong expertise in sales, operations and logistics, will be invaluable as we continue to execute our expansion plans to meet the growing demand for mobile fuel delivery in Florida and elsewhere,” said Mike McConnell, CEO of EzFill. “Cheryl’s hard work as COO of EzFill was instrumental to a successful IPO in September 2021 and helped bring the Company to where it is today. We look forward to her continued contributions as a board member and strategic advisor for the Company.”

EzFill is one of the largest on-demand mobile fueling companies in South Florida, and the only company that provides on-demand or subscription fuel delivery to customers in three high-volume verticals – consumer, commercial and specialty. EzFill is capitalizing on the ever-increasing trend of ‘at home’ or ‘at work’ delivery of products to enable this convenience in the estimated $500 billion market segment of fueling services. Its app-based interface provides customers the ability to select the time and location of their fueling needs.

EzFill’s mission is to disrupt the gas station fueling model by providing consumers and businesses with the convenience of gas fueling services brought directly to their locations. The Company provides a safe, convenient and touch-free way for consumers to fuel their cars, which has become increasingly important because of the ongoing COVID-19 pandemic.

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.

For further information, please contact:

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

FAQ

Who has been appointed as the new COO of EZFL?

Michael DeVoe has been appointed as the new Chief Operating Officer of EzFill Holdings.

What experience does Michael DeVoe bring to EZFL?

Michael DeVoe brings over 25 years of experience in operations and logistics from his previous roles at Atlas Oil and Paraco Gas.

What is EzFill's market strategy following the COO change?

EzFill aims to enhance its service offerings in the mobile fuel delivery sector, targeting growth in Florida and beyond.

What impact might Cheryl Hanrehan's resignation have on EZFL?

Hanrehan's resignation could raise concerns about leadership continuity but she will remain a strategic advisor and board member.