SMF Energy Expands Support to the United States Postal Service in Louisiana
01 9월 2009 - 10:00PM
PR Newswire (US)
CONTINUES TO ADD NEW BUSINESS ACROSS ALL MARKETS FT. LAUDERDALE,
Fla., Sept. 1 /PRNewswire-FirstCall/ -- SMF ENERGY CORPORATION
(NASDAQ:FUEL), a leading provider of specialized transportation and
distribution services for petroleum products and chemicals, today
announced an expansion of the Company's business relationship with
the United States Postal Service (the "USPS") into 10 new markets
in South Louisiana, including Slidell, Covington and Houma. This
addition extends the services of the Company to the USPS beyond the
New Orleans, Baton Rouge and Shreveport core market areas and the
37 locations awarded last year. The Company also confirmed a number
of other expansions and/or new business signings with large
customers in the industrial equipment rental, office supply,
document management, refining/petrochemical, and oil field product
industries. (Logo:
http://www.newscom.com/cgi-bin/prnh/20090513/SMFENERGYCORPLOGO)
Richard E. Gathright, President and CEO, stated, "We are extremely
pleased with the pace of expansion of existing customer
relationships into new markets and of new customer signings. In
particular, we continue to add USPS business in new markets as the
USPS increasingly recognizes the value our services and the
positive financial impact that they can have on the operating
efficiencies and costs of their distribution network. We are
further realizing significant expansions and new business
opportunities with a number of large, national providers in the
equipment rental, business and consumer office supply and mobile
document management service industries." Gathright continued, "We
are also making significant customer additions to our Chevron and
private label lubricant product lines in the Company's Texas market
area, including recent new customer additions in the refining and
petrochemical and in the oil field and power transmission equipment
manufacturing sectors. We are also continuing to expand our Chevron
Associate 'Subjobber' Program with the addition of 3 new
distributors to whom we will be selling the Chevron lubricant
product lines in markets not previously served by the Company, thus
increasing our market share and presence." Gathright concluded,
"While our customers continue to be impacted by the current
recession and difficult economic time, we are currently
experiencing generally stable demand from our historical customers.
Accordingly, we expect that any future improvement in the economy
should result in a positive impact on our financial performance
beyond the value added by the existing customer expansions and new
customer additions we have achieved even in the current
environment." ABOUT SMF ENERGY CORPORATION (NASDAQ:FUEL) The
Company is a leading provider of petroleum product distribution
services, transportation logistics and emergency response services
to the trucking, manufacturing, construction, shipping, utility,
energy, chemical, telecommunication and government services
industries. The Company provides its services and products through
31 locations in the 11 states of Alabama, California, Florida,
Georgia, Louisiana, Nevada, Mississippi, North Carolina, South
Carolina, Tennessee and Texas. The broad range of services the
Company offers its customers includes commercial mobile and bulk
fueling; the packaging, distribution and sale of lubricants and
chemicals; integrated out-sourced fuel management; transportation
logistics and emergency response services. The Company's fleet of
custom specialized tank wagons, tractor-trailer transports, box
trucks and customized flatbed vehicles delivers diesel fuel and
gasoline to customers' locations on a regularly scheduled or as
needed basis, refueling vehicles and equipment, re-supplying
fixed-site and temporary bulk storage tanks, and emergency power
generation systems; and distributes a wide variety of specialized
petroleum products, lubricants and chemicals to our customers. More
information on the Company is available at www.mobilefueling.com.
FORWARD LOOKING STATEMENTS This press release includes
"forward-looking statements" within the meaning of the safe harbor
provision of the Private Securities Litigation Reform Act of 1995.
For example, predictions or statements of belief or expectation
concerning the future performance of the Company, including the
impact of current customer expansions and new customer additions,
are all "forward looking statements" which should not be relied
upon. Such forward-looking statements are based on the current
beliefs of the Company and its management based on information
known to them at this time. Because these statements depend on
various assumptions as to future events, including but not limited
to those assumptions noted in the "Management's Discussion and
Analysis of Financial Condition and Results of Operation" section
in the Company's Form 10-Q for the quarter ended March 31, 2009,
they should not be relied on by shareholders or other persons in
evaluating the Company. Although management believes that the
assumptions reflected in such forward-looking statements are
reasonable, actual results could differ materially from those
projected. In addition, there are numerous risks and uncertainties
that could cause actual results to differ from those anticipated by
the Company, including but not limited to those cited in the "Risk
Factors" section of the Company's Form 10-K for the year ended June
30, 2008. Contact: Robert W. Beard Senior Vice President and
Investor Relations Officer 954-308-4200
http://www.newscom.com/cgi-bin/prnh/20090513/SMFENERGYCORPLOGODATASOURCE:
SMF Energy Corporation CONTACT: Robert W. Beard, Senior Vice
President and Investor Relations Officer, +1-954-308-4200 Web Site:
http://www.mobilefueling.com/
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