Currently in Second Year of Three Year Agreement
MIAMI, FL, March 07, 2024 (GLOBE NEWSWIRE) — EzFill Holdings, Inc. (“EzFill” or the “Company”) (NASDAQ: EZFL), a pioneer and emerging leader in the mobile fuel industry, announced that after a successful 2023 event, it has begun a second year of preparations with South Florida Motorsports (“SFM”), the organizers of the Formula 1 Crypto.com Miami Grand Prix 2024 to provide mobile fuel services for the build-out and operations leading up to the Miami Grand Prix, scheduled for May 3-5, 2024.
The Formula 1 Crypto.com Miami Grand Prix 2024 debuted in May 2022, becoming the second US Grand Prix race on the calendar and the 11th American venue to host a round of the Formula 1 world championship. Set in the Hard Rock Stadium complex in Miami Gardens, the 2023 event drew more than 270,000 spectators over three days.
Yehuda Levy, EzFill Interim Chief Executive Officer, commented “We are thankful to begin another year working with South Florida Motorsports, Formula 1, Mercedes, Crypto.com, and all the other vendors, on the preparations for the Formula 1 Crypto.com Miami Grand Prix 2024.”
EzFill expects to continuously service more than 500 Formula 1 assets dedicated to the build-out of the 2024 event as well as operations related to the track and grounds leading up to the race. Service has already commenced and is expected to run through June. We continue to believe that EzFill brings a more convenient, safer, worry-free way for these assets to be fueled, allowing SFM more time to focus on all the other aspects of this event. Additionally, we expect that this year utilizing the EzFleet platform will further simplify the process.
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
Bay Street News