EzFill Closes Acquisition of Mobile Fuel Delivery Business

Positions Company to Expand across Florida, Beginning with Tampa and West Palm Beach

MIAMI, FL, March 14, 2022 (GLOBE NEWSWIRE) -- EzFill Holdings, Inc. (“EzFill” or the “Company”) (NASDAQ: EZFL), a pioneer and emerging leader in the mobile fuel industry, announced today that it closed on the previously announced acquisition of the assets of mobile fuel delivery service, Full Service Fueling Inc. (“FULL”), an affiliate of Palmdale Oil Company (“Palmdale”), located in West Palm Beach, Florida. Acquired assets include FULL’s fueling trucks and customers, which are mostly consumers.

Additionally, in connection with the transaction, EzFill has executed an operating and supply agreement with Palmdale, one of the largest wholesale fuel suppliers in the State of Florida. As part of the agreement, Palmdale will serve as one of the main fuel suppliers for EzFill throughout Florida, with preferred pricing. Palmdale will also provide EzFill with access to vehicle parking at their locations throughout the state.

Commenting on the transaction, Mike McConnell, Chief Executive Officer of EzFill, stated, “The assets that we have acquired, along with the operating and supply agreement with Palmdale, are key to advancing our near-term growth opportunities and further strengthen our leadership position in Florida’s mobile fuel industry. These assets, combined with our growing roster of fleet accounts, will enable us to efficiently scale more rapidly.”

Additional details about the transaction can be found in the Company’s Form 8-K, which the Company will file on or about the date of this press release.

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.

Forward Looking Statements

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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.

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