EzFill to Begin Mobile Fuel Service for American Portable Air in Miami
- None.
- None.
The expansion of EzFill's service with ABC Supply and the signing of a new fuel delivery agreement with American Portable Air represent strategic business developments that can influence the company's market share and revenue streams. The addition of approximately 166,000 gallons per year and an estimated $708,000 in annual revenues is a significant increment for EzFill, considering the competitive nature of the mobile fuel industry. Growth in service areas and client base typically leads to increased investor confidence, which could positively affect the company's stock valuation.
It's important to analyze the scalability of EzFill's business model and the operational efficiency gains from servicing multiple locations for a single client like ABC Supply. The ability to leverage existing infrastructure to meet increased demand without proportionately increasing costs could lead to improved profit margins. Investors should monitor the company's future earnings reports to assess the impact of these expansions on the bottom line.
The projected revenue increase of $708,000 from the new agreements should be contextualized within EzFill's overall financial performance. This figure represents a quantifiable forecast that investors can use to gauge the potential impact on the company's financial health. When evaluating EzFill's stock, it is crucial to consider the company's current revenue, growth rate and the mobile fuel industry's typical profit margins.
Investors should also consider the capital expenditures associated with expanding services to new locations and the potential need for increased working capital to support the growth. The management's ability to execute the expansion efficiently without incurring excessive costs will be critical in determining the actual benefit to the company's net income and earnings per share.
The mobile fuel industry is part of the broader energy sector, which is subject to fluctuations in fuel prices and regulatory changes. EzFill's expansion indicates a proactive approach to capturing market share in a niche segment. The company's focus on fleet customers like ABC Supply and American Portable Air can provide a stable and recurring revenue source, which is beneficial in an industry with variable demand patterns.
Analysts should consider the potential impact of fuel price volatility on EzFill's cost structure and pricing strategy. Long-term contracts with fixed pricing can mitigate some of the risks, but the company must maintain flexibility to adjust to market conditions. The environmental and regulatory landscape is also an important factor, as shifts towards green energy could influence the demand for mobile fuel services in the future.
Expands with Current Customer ABC Supply to Provide Fueling in 4 Cities
MIAMI, FL, March 05, 2024 (GLOBE NEWSWIRE) -- EzFill Holdings, Inc. (“EzFill” or the “Company”) (NASDAQ: EZFL), a pioneer and emerging leader in the mobile fuel industry, announced that it has signed fuel delivery agreement with a new fleet customer and has expanded its service of ABC Supply.
The new fleet account American Portable Air is an air condition/generator service and supply company in Miami. American Portable Air has joined the EzFleet platform. The expansion with ABC Supply includes service to ABC’s locations in Miami Gardens, Pompano, Melbourne, and Rockledge.
Yehuda Levy, EzFill’s Interim Chief Executive Officer, commented, “The new fleet and expansion with ABC Supply are expected to add approximately 166,000 gallons per year and approximately
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.
With the number of gas stations in the U.S. continuing to decline, corporate giants such as Shell, Exxon, GM, Bridgestone, Enterprise, and Mitsubishi have recognized the increasing shift in consumer behavior and are investing in the fast growing on-demand mobile fueling industry, in companies such as Booster and Yoshi. As the only company to provide fuel delivery in three verticals – consumer, commercial, and specialty including marine and construction equipment, we believe EzFill is well positioned to capitalize on the growing demand for convenient and cost-efficient mobile fueling options.
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.
For further information, please contact:
Investor and Media Contact
Telx, Inc.
Paula Luna
Paula@Telxcomputers.com
FAQ
What is the latest announcement from EzFill Holdings, Inc.?
Who is the new fleet customer that EzFill Holdings, Inc. signed a fuel delivery agreement with?
Which cities are included in the expansion with ABC Supply?
How much is the expected increase in gallons per year due to the new fleet account and expansion with ABC Supply?
What is the estimated increase in revenues per year as a result of the expansion with ABC Supply?
