TransMontaigne Inc. (TMG) (NYSE:TMG) today announced that it has entered into a new seven-year Terminaling Services Agreement with Valero Supply and Marketing Company, a subsidiary of Valero Energy Corporation (NYSE:VLO), regarding approximately 1 million barrels of gasoline and distillate storage capacity throughout its River Facilities. TMG will provide services to Valero and its customers, including the receipt, storage, throughput, additive and other injection services, blending and delivery of gasoline and distillates. The Valero agreement will become effective April 1, 2006, at the Cape Girardeau, Missouri; Evansville, Indiana; Greenville, Mississippi; and Henderson, Owensboro and Paducah, Kentucky facilities. Simultaneous with the effective date of the agreement, TMG will transfer its gasoline and distillate inventories at these locations to Valero. TMG's current gasoline and distillate customers at these locations will continue to be supplied by TMG. At its River Facilities, TMG will continue to provide terminaling services for products other than gasoline and distillates, such as Av-Gas, biodiesel, fertilizer, asphalt, various chemicals and solvents, to 20 other customers. TransMontaigne Inc. is a refined petroleum products marketing and distribution company based in Denver, Colorado with operations in the United States, primarily in the Gulf Coast, Midwest and East Coast regions. The Company's principal activities consist of (i) terminal, pipeline, and tug and barge operations, (ii) marketing and distribution, (iii) supply chain management services and (iv) managing the activities of TransMontaigne Partners L.P. (NYSE:TLP). The Company's customers include refiners, wholesalers, distributors, marketers, and industrial and commercial end-users of refined petroleum products. Corporate news and additional information about TransMontaigne Inc. is available on the Company's web site: www.transmontaigne.com. Valero Energy Corporation is a Fortune 500 company based in San Antonio, with approximately 22,000 employees and annual revenues of more than $80 billion. The company owns and operates 18 refineries throughout the United States, Canada and the Caribbean with a combined throughput capacity of approximately 3.3 million barrels per day, making it the largest refiner in North America. Valero is also one of the nation's largest retail operators with more than 5,000 retail and branded wholesale outlets in the United States, Canada and the Caribbean under various brand names including Valero, Diamond Shamrock, Shamrock, Ultramar, and Beacon. Please visit www.valero.com for more information. FORWARD-LOOKING STATEMENTS This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. This information may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
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