EzFill Signs Agreement with South Florida Motorsports to Provide Mobile Fuel Services for Formula 1 Crypto.com Miami Grand Prix 2023
February 21 2023 - 9:15AM
EzFill Holdings, Inc. (“EzFill” or the “Company”) (NASDAQ: EZFL), a
pioneer and emerging leader in the mobile fuel industry, announced
that it has entered into an agreement with South Florida
Motorsports (“SFM”), the organizers of the Formula 1 Crypto.com
Miami Grand Prix 2023 to provide mobile fuel services for the
build-out and operations leading up to the Miami Grand Prix,
scheduled for May 5-7, 2023.
The Formula 1 Crypto.com Miami Grand Prix 2023
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 2022 event drew more than 240,000 spectators over
three days. The 2023 event will feature a newly paved, 3.36 mile,
19-turn street track spectacular with new and enhanced hospitality
features.
EzFill expects to service more than 300 Formula
1 assets dedicated to the build-out of the 2023 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 believe 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.
Mike McConnell, EzFill Chief Executive Officer,
commented, “It is a tremendous privilege to be chosen to service an
event with Formula 1’s prestige and global footprint, and we are
thrilled with the opportunity. The 2022 Miami Grand Prix was a huge
undertaking, and the 2023 event is expected to be even grander. It
will require an enormous number of both fixed and mobile assets
that will need to be constantly fueled. The Miami Grand Prix is as
high profile an event as one can get and we believe it will be a
tremendous opportunity for EzFill to showcase its capabilities.
We’re excitedly looking forward to showing the City of Miami what
we can do.”
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. 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.
About Formula 1
Formula 1® racing began in 1950 and is the
world’s most prestigious motor racing competition, as well as the
world’s most popular annual sporting series: The 2019 FIA Formula
One World Championship™ runs from March to December and spans 21
races in 21 countries across four continents. Formula One World
Championship Limited is part of Formula 1® and holds the exclusive
commercial rights to the FIA Formula One World Championship™.
The inaugural Formula 1 Miami Grand Prix –
recognized as Best New Event of 2022 by Sports Business Journal –
made its debut on 6-8 May, 2022. Located in Miami Gardens, Florida,
the 5.41km Miami International Autodrome is located within the
complex of Hard Rock Stadium, the home of the legendary Miami
Dolphins team and features 19 corners, three straights and has top
speed of 320km/h.
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.
Investor and Media Contact:Tradigital Investor RelationsJohn
McNamarajohn@tradigitalir.com
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