EzFill Holdings, Inc. Finalizes Letter of Understanding for Purchase of 78 Trucks from Shell
20 December 2024 - 12:40AM
EzFill Holdings, Inc. (NASDAQ: EZFL), a leading mobile fueling
company, is pleased to announce the execution of a term sheet with
Shell Retail and Convenience Operations LLC (“Shell”), a wholly
owned subsidiary of Shell Oil Products US. This agreement
facilitates the acquisition of 78 trucks from Shell’s fleet and
enables EzFill to immediately begin delivering fuel in the markets
of Phoenix, San Antonio, Austin, Dallas, and Houston.
Under the terms of the agreement, EzFill will acquire 78
trucks.
"Today's announcement marks a transformative milestone for
EzFill," said Yehuda Levy, CEO of EzFill. "More than doubling our
fleet immediately enhances our operational capacity and fuel
delivery capabilities, additionally EzFill will now service
customers in five new markets. This agreement positions us to scale
efficiently, reduce costs, and continue delivering exceptional
service to our customers nationwide. We jumped at the opportunity
to purchase these trucks to enable EzFill to service the fleet of a
large retailer and other customers in these markets."
The addition of these trucks will increase EzFill’s fleet to 144
and expand its geographic reach in key markets including Miami,
Orlando, Jacksonville, Tampa, Los Angeles, San Francisco, Detroit,
Nashville, Austin, Dallas, Houston, San Antonio, and Phoenix.
This agreement follows EzFill's recent national expansion
efforts, including the acquisition of Yoshi Mobility’s fuel
division.
About EzFill Holdings, Inc.
EzFill is a Miami-based on-demand mobile fueling service that
provides fuel delivery directly to consumers and businesses,
eliminating the need for traditional gas stations. As one of the
largest mobile fuel delivery platforms in the United States, EzFill
focuses on convenience, safety, and efficiency for its users. Visit
us at 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 except as may be required
under applicable securities law.
Investor Contact
PCG AdvisoryJeff Ramsonjramson@pcgadvisory.com
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