EzFill Adds 10 Fleet Accounts in February
New Fleet Accounts in First Two Months of New Year Reach 19
MIAMI, FL, March 03, 2023 (GLOBE NEWSWIRE) -- EzFill Holdings, Inc. (“EzFill” or the “Company”) (NASDAQ: EZFL), a pioneer and emerging leader in the mobile fuel industry, announced that it added 10 new fleet accounts during the month of February, bringing the year-to-date new fleet account number to 19.
The new fleet accounts include companies in the following industries: home improvement, auto rental, pet grooming, care providers, food service and distribution, pool supplies and moving and storage. EzFill will provide regularly scheduled fuel deliveries for an aggregate of approximately 140 vehicles that are expected to add up to approximately 233,000 additional gallons of fuel delivered annually.
Mike McConnell, EzFill Chief Executive Officer, commented, “We had another strong month in February, even with the shortened month. Our new fleet accounts cover a wide range of businesses across Miami and Tampa, again illustrating that the trend to mobile fueling is growing across all commercial segments and locations. While it is still early in the year, if this trend continues, we believe that we may be able to obtain more than 100 new fleet accounts in 2023. We also have a very high customer retention rate, which we believe should help us deliver another strong year of revenue growth taking into account a full year of revenue for customers added during 2022.”
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. As the only company to provide fuel delivery in three vertical segments - consumer, commercial, and specialty including marine, we believe EzFill is well positioned to capitalize on the growing demand for convenient and cost-efficient mobile fueling options.
Forward Looking Statements
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Released March 3, 2023