Petrogress, expands business by opening company’s first fueling Station in Greece.

Rhea-AI Summary

Petrogress (OTC: PGAS) has inaugurated the EOS Areopolis Gas Station in Greece, strategically located in a tourist area. This innovative gas station features high-performance fuels, a convenience store, and a unique design aimed at becoming a community hub. The CEO, Christos Traios, emphasized the significance of this project, noting a personal investment of over $1 million. The company aims to enhance its retail presence by adding four more stations, reinforcing its commitment to providing quality services and increasing market share.

Positive

• Inauguration of EOS Areopolis Gas Station enhances retail footprint.
• CEO's investment of over $1 million demonstrates commitment.
• Plans for four additional gas stations signify growth potential.

Negative

• None.

NEW YORK, Feb. 08, 2022 (GLOBE NEWSWIRE) -- Petrogress, Inc. (OTC: PGAS) is pleased to announce the Grand Opening of EOS Areopolis Gas Station in Greece. The gas station is located at one of the most touristic areas of Greece and provides fuels supply, convenience store, food, coffee, drinks and rest area. This gas station is an innovate station with unique distinct design which offers high performance fuels and new experience to the customers, with a concept to be established “from a Gas Station to a community Hub”.

Petrogress vision is to deliver a modern and compelling retail experience, having a plan to add 4 additional gas stations of its fueling and retailing business.

“This fueling station is another example of how PGAS is moving forward by expanding our capabilities,” said Christos Traios, Petrogress President and CEO. “It gives us another avenue of getting our high quality, clean fuels to new and existing customers. We are committed to ensuring drivers of our gas station excellent service by providing a distinct designed rest area where they can enjoy convenience store, coffee, drinks, hot and cold food. The gas station constructed from zero and is the culmination of substantial efforts by the management and significant investment in excess of $1m -using out of pocket money- to make this project a reality. Today I am sending a strong clear message to the shareholders that in contrary to all adverse, our first gas station is open for business. The achievement of this project is excellent for the economic development of the company. We plan to create our chain of fueling stations business in the future, and strength our position in the retail market”, added the CEO.

About Petrogress.

Petrogress (PGAS), is an integrate energy company, engaged in the upstream, downstream and midstream segments. The Upstream segment consist of exploration, and production of crude oil in West Africa, associated with processing and storage; The downstream segment comprises refining of crude oil into petroleum products, marketing of crude oil and the refined products. The company operates Internationally through its wholly-owned subsidiaries "Petrogress Int'l llc" and "Petronav Carriers llc". Also provides sea-transportation services -as an independent established Maritime Company- by its tankers fleet and ships either its own oil products or third parties. Since last year, the company entered into the retailing market by operating a number of Gas-filling stations in Greece. The company was founded in 2009 and is a Delaware registered entity, and headquartered in the historical port Piraeus-Greece.

For more information, visit www.PetrogressInc.com

Safe Harbor Statement

This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements, trends, analysis, and other information contained in this press release including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," and other similar expressions of opinion, constitute forward-looking statements. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in Petrogress Inc.'s reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents Petrogress’ estimates as of the date of the press release, and subsequent events and developments may cause Petrogress’ estimates to change. Petrogress specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Petrogress’ estimates of its future financial performance as of any date subsequent to the date of this press release.

Attachment

• EOS Areopolis Gas Station

FAQ

What is PGAS's latest announcement regarding gas stations?

PGAS has opened the EOS Areopolis Gas Station in Greece, marking its entry into the retail sector.

How much did PGAS invest in the new gas station?

Petrogress invested over $1 million out of pocket to establish the EOS Areopolis Gas Station.

Where is the EOS Areopolis Gas Station located?

The EOS Areopolis Gas Station is situated in one of the most touristic areas of Greece.

What are the future plans of PGAS in the retail market?

Petrogress plans to open four additional gas stations to strengthen their retail presence.