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Blue Earth Resources (OTCMKTS: BERI) has entered a 5-year Branded Jobber Contract with BP Products North America to supply BP Amoco branded fuel and merchant services to retailers in the U.S. This partnership aims to enhance brand visibility and sales, leveraging BP's significant marketing efforts and established consumer base. Blue Earth will earn revenue from fuel sales, merchant services, and transportation. CEO Scott M. Boruff highlighted the advantages for retailers switching to BP, indicating a strong sales pipeline for the company.
Blue Earth Resources Inc. (OTCMKTS: BERI) announces the launch of BluePetro, a new fuel brand aimed at independent convenience store operators in the southeast U.S. The company plans to initially open 40 stores, generating approximately 19 million gallons in annual volume and an estimated $75 million in gross revenue over the next 18 months. This initiative addresses the lack of branded fuel supply options for small operators and includes a comprehensive branding package, enhancing revenue opportunities and customer choice amidst rising gas prices.
Blue Earth Resources (OTCMKTS: BERI) has announced the initiation of fuel sales license applications in Texas, Louisiana, and Arkansas, which could lead to a 25% increase in current volumes. Texas is the largest U.S. fuel consumer, accounting for 15% of total U.S. energy usage. The company expects to generate revenue by Q4 2022 and has secured supply agreements with high-volume clients ready to start once licensing is approved. The typical approval process for these licenses takes about 30 days.
Blue Earth Resources (BERI) reported a remarkable 129% increase in net sales for Q3, reaching $8.7 million compared to $3.8 million in Q2. The company also saw a 114% increase in net gallons of fuel sold, rising to 3,185,825 from 1,487,165 in the previous quarter. Total customer count reached 37, representing over 500 sites. Furthermore, Blue Earth expanded its supply agreements into several new states, bolstering its market presence. Future plans indicate a focus on aggressive sales growth and capital efficiency.