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PCAI is up 11% today. Watch for greats news to come!!! Put it on your watch list!!
Another great move here by petroleum consolidators. up 11% today on small volume. This is a great company for anyone wanting a long position!!
MANAGEMENT TEAM
David Cohen
Mr. Cohen is the President, Chief Executive Officer and Director. His expertise includes comprehensive retail gasoline and convenience store operations and management. Mr. Cohen also has extensive experience in the securities markets, corporate finance, and corporate consulting for publicly-traded companies. As an advisor for various investment banking firms and brokerages from 1996 to 2006, Mr. Cohen specialized in the small and micro-cap sector, arranging financings in the public and private equity markets for emerging companies in a variety of industries. As a former principal in the securities industry, Mr. Cohen was responsible for managing more than $65 million of non-discretionary assets. Mr. Cohen holds a Bachelor of Arts degree from Pace University in New York City.
Advisory Board
Ralph DiSalvo
Mr. DiSalvo is the president and founder of RJD Oil, Inc., a retail gasoline operations company operating since 1998. Mr. DiSalvo is the builder, owner and operator of numerous major branded retail gas stations and convenience stores throughout Florida. Additionally, he is the owner and operator of a wholesale gasoline distributorship and various car washes. Mr. DiSalvo currently manages and trains 40+ full time employees throughout his retail operations.
F. Marrell Jerkins
Mr. Jerkins is the president and CEO of Great Dane Petroleum Contractors, Inc. With over 30 years of construction and operational experience within the gasoline retailing industry, Mr. Jerkins is considered a leading expert in various aspects of the retail petroleum business. Mr. Jerkins currently holds contractor’s licenses with the State of Florida, Alabama, Tennessee, and Georgia. He is responsible for all phases of ground-up construction for clients, which include Exxon/Mobil Oil, Chevron/Texaco Oil Co., Shell Oil, Hess, BP/Amoco and Pro-Energy. Moreover, Mr. Jerkins is an owner and operator of a number of major branded retail gasoline stations and convenience store facilities in Florida. Mr. Jerkins earned his Bachelor’s degree in Civil Engineering from Auburn University in Auburn, Alabama.
Bruce Jordan
Mr. Jordan is currently the president of Midtown Partners & Co., LLC. a FINRA Broker/Dealer. Mr. Jordan’s expertise includes more than 25 years in investment banking, investment advisory services, and securities. During the 1990s, Mr. Jordan professionally managed equity investments of more than $100 million of discretionary assets, and nearly $1 billion of non-discretionary assets. Mr. Jordan has been responsible for both public and private financings of emerging companies in various industries. Mr. Jordan earned his Master’s Degree from Georgia State University in Corporate Finance and his Bachelor’s Degree from Emory University in Accounting.
Robert Kennedy
Mr. Kennedy is a builder, owner and operator of several major branded, retail gasoline stations on the east and west coast of Florida. Mr. Kennedy has 28-years of experience in all aspects of management, cost controls and entrepreneurship.
Diane San Pedro
Mrs. San Pedro is currently the Chief Financial Officer of GE Capital Markets and has extensive experience as a CPA/Examiner with the U.S. Securities and Exchange Commission, BDO Seidman, LLP., GE Real Estate, BlackRock, Inc., and IBM’s Global Financing Division. Throughout her tenure, Ms. San Pedro’s functions have ranged from auditing to external reporting for a public company, to taxes and transaction structure, to regulatory compliance. Ms. San Pedro earned
PCAI keeps going up 12% a day. The volume has been increasing, watch for an uptick at the bell tomorrow!!! Great things are happening here!!
Petroleum Consolidators will have $420,000 in revenues for instore sales alone, thats not even including gasoline!!!
PCAI has projected sales of 92 million in 3 years!!!!!
VOLUME IS PICKING UP
I wish i could have been on that conference call when he was talking about GRDO. Maybe he will take a stake in the company!!
Its because of how low the float is, shares are real tight right now imo.
Estimated Market Cap
$5,643,961 as of Feb 3, 2009
Outstanding Shares
35,580,340 as of Feb 1, 2009
Authorized Shares
500,000,000 as of Feb 1, 2009
Float
3,471,562 as of Feb 1, 2009
I was reading the board earlier today, what went on with sgls and grdo?
What set this one off today???
Hey guys I just bought 2.8 million at .0007, i'm hoping for big things to happen here.
We are building a new support level too imo. Once previous resistence is broke then that is suppose to become support. At least thats what charting 101 tells ya :)
PCAI is looking great today. up 25% today up 20% yesterday. Great things happening here with this company. Volume is still coming in!! Put it on your watch list.
Up 25% today from yesterday's gains. Volume has increased today. We received a pr after hours yesterday. What more could someone ask for in a stock?
Did you read the pr from yesterday?? WOW
Petroleum Consolidators Forms Oil Exploration Division
4:02p ET February 9, 2009 (Market Wire)
Petroleum Consolidators of America, Inc. (PINKSHEETS: PCAI), a gasoline station/convenience store operator, has formed an oil and gas exploration division to capitalize on strategic producing oil and gas wells throughout the United States. Further details of the Company's negotiations regarding obtaining interest in producing oil wells are expected to be announced.
David Cohen, President and CEO of Petroleum Consolidators, stated, "We are extremely excited about the creation of this new division, as it will expand our revenue stream and offset the fluctuations in retail gasoline margins in 2009."
"There are lucrative opportunities to acquire producing oil wells that do not require extensive testing, equipment upgrades or other factors which could delay output," continued Mr. Cohen. "And our research suggests that there is another medium-term trend coming where oil is going to reverse course and head higher. We anticipate that oil should advance to the $55-$60 per barrel range. However, in the event oil remains at these low levels we are still projected to be profitable."
This development serves as another step in Petroleum Consolidators' vertical integration within the Company's Business Model which demonstrates further progress towards achieving our corporate goals.
About Petroleum Consolidators of America
Petroleum Consolidators of America, Inc. is a gasoline station/convenience store operator which is implementing a targeted acquisition strategy to create a portfolio of consolidated retail gasoline facilities, producing oil wells and a wholesale fuel distributorship that will benefit from substantial operating efficiencies.
pcai NEWS
Petroleum Consolidators Forms Oil Exploration Division
4:02p ET February 9, 2009 (Market Wire)
Petroleum Consolidators of America, Inc. (PINKSHEETS: PCAI), a gasoline station/convenience store operator, has formed an oil and gas exploration division to capitalize on strategic producing oil and gas wells throughout the United States. Further details of the Company's negotiations regarding obtaining interest in producing oil wells are expected to be announced.
David Cohen, President and CEO of Petroleum Consolidators, stated, "We are extremely excited about the creation of this new division, as it will expand our revenue stream and offset the fluctuations in retail gasoline margins in 2009."
"There are lucrative opportunities to acquire producing oil wells that do not require extensive testing, equipment upgrades or other factors which could delay output," continued Mr. Cohen. "And our research suggests that there is another medium-term trend coming where oil is going to reverse course and head higher. We anticipate that oil should advance to the $55-$60 per barrel range. However, in the event oil remains at these low levels we are still projected to be profitable."
This development serves as another step in Petroleum Consolidators' vertical integration within the Company's Business Model which demonstrates further progress towards achieving our corporate goals.
About Petroleum Consolidators of America
Petroleum Consolidators of America, Inc. is a gasoline station/convenience store operator which is implementing a targeted acquisition strategy to create a portfolio of consolidated retail gasoline facilities, producing oil wells and a wholesale fuel distributorship that will benefit from substantial operating efficiencies.
WOW pcai up 25% again today. This company has a great leadership team to help boost the worth of this company!!
Pcai has alot going for it. The float is low, price is cheap and the company has a real business plan and own real gas stations.
This is starting to become even better than what I thought. Nice strategic after hours Press Releases!!
TODAYS NEWS FROM PCAI
Petroleum Consolidators Forms Oil Exploration Division
Feb 9, 2009 4:02:00 PM PCAI
Email Story Discuss on ZenoBank
View Additional ProfilesPALM BEACH GARDENS, FL -- (MARKET WIRE) -- 02/09/09 -- Petroleum Consolidators of America, Inc. (PINKSHEETS: PCAI), a gasoline station/convenience store operator, has formed an oil and gas exploration division to capitalize on strategic producing oil and gas wells throughout the United States. Further details of the Company's negotiations regarding obtaining interest in producing oil wells are expected to be announced.
David Cohen, President and CEO of Petroleum Consolidators, stated, "We are extremely excited about the creation of this new division, as it will expand our revenue stream and offset the fluctuations in retail gasoline margins in 2009."
"There are lucrative opportunities to acquire producing oil wells that do not require extensive testing, equipment upgrades or other factors which could delay output," continued Mr. Cohen. "And our research suggests that there is another medium-term trend coming where oil is going to reverse course and head higher. We anticipate that oil should advance to the $55-$60 per barrel range. However, in the event oil remains at these low levels we are still projected to be profitable."
This development serves as another step in Petroleum Consolidators' vertical integration within the Company's Business Model which demonstrates further progress towards achieving our corporate goals.
About Petroleum Consolidators of America
Petroleum Consolidators of America, Inc. is a gasoline station/convenience store operator which is implementing a targeted acquisition strategy to create a portfolio of consolidated retail gasoline facilities, producing oil wells and a wholesale fuel distributorship that will benefit from substantial operating efficiencies.
NEWS FROM PCAI
Petroleum Consolidators Forms Oil Exploration Division
Feb 9, 2009 4:02:00 PM PCAI
Email Story Discuss on ZenoBank
View Additional ProfilesPALM BEACH GARDENS, FL -- (MARKET WIRE) -- 02/09/09 -- Petroleum Consolidators of America, Inc. (PINKSHEETS: PCAI), a gasoline station/convenience store operator, has formed an oil and gas exploration division to capitalize on strategic producing oil and gas wells throughout the United States. Further details of the Company's negotiations regarding obtaining interest in producing oil wells are expected to be announced.
David Cohen, President and CEO of Petroleum Consolidators, stated, "We are extremely excited about the creation of this new division, as it will expand our revenue stream and offset the fluctuations in retail gasoline margins in 2009."
"There are lucrative opportunities to acquire producing oil wells that do not require extensive testing, equipment upgrades or other factors which could delay output," continued Mr. Cohen. "And our research suggests that there is another medium-term trend coming where oil is going to reverse course and head higher. We anticipate that oil should advance to the $55-$60 per barrel range. However, in the event oil remains at these low levels we are still projected to be profitable."
This development serves as another step in Petroleum Consolidators' vertical integration within the Company's Business Model which demonstrates further progress towards achieving our corporate goals.
About Petroleum Consolidators of America
Petroleum Consolidators of America, Inc. is a gasoline station/convenience store operator which is implementing a targeted acquisition strategy to create a portfolio of consolidated retail gasoline facilities, producing oil wells and a wholesale fuel distributorship that will benefit from substantial operating efficiencies.
PCAI-100,000 shares traded today. And up 28% put this baby on your watch list!!!
Petroleum Consolidators of America, Inc.(PCAI)
4400 Northcorp Parkway
Palm Beach Gardens, FL 33410
561-483-4440
info@petroleumconsolidators.com
PCAI has experience check out their advisory board. They are up 28% today
Advisory Board
Ralph DiSalvo
Mr. DiSalvo is the president and founder of RJD Oil, Inc., a retail gasoline operations company operating since 1998. Mr. DiSalvo is the builder, owner and operator of numerous major branded retail gas stations and convenience stores throughout Florida. Additionally, he is the owner and operator of a wholesale gasoline distributorship and various car washes. Mr. DiSalvo currently manages and trains 40+ full time employees throughout his retail operations.
F. Marrell Jerkins
Mr. Jerkins is the president and CEO of Great Dane Petroleum Contractors, Inc. With over 30 years of construction and operational experience within the gasoline retailing industry, Mr. Jerkins is considered a leading expert in various aspects of the retail petroleum business. Mr. Jerkins currently holds contractor’s licenses with the State of Florida, Alabama, Tennessee, and Georgia. He is responsible for all phases of ground-up construction for clients, which include Exxon/Mobil Oil, Chevron/Texaco Oil Co., Shell Oil, Hess, BP/Amoco and Pro-Energy. Moreover, Mr. Jerkins is an owner and operator of a number of major branded retail gasoline stations and convenience store facilities in Florida. Mr. Jerkins earned his Bachelor’s degree in Civil Engineering from Auburn University in Auburn, Alabama.
Bruce Jordan
Mr. Jordan is currently the president of Midtown Partners & Co., LLC. a FINRA Broker/Dealer. Mr. Jordan’s expertise includes more than 25 years in investment banking, investment advisory services, and securities. During the 1990s, Mr. Jordan professionally managed equity investments of more than $100 million of discretionary assets, and nearly $1 billion of non-discretionary assets. Mr. Jordan has been responsible for both public and private financings of emerging companies in various industries. Mr. Jordan earned his Master’s Degree from Georgia State University in Corporate Finance and his Bachelor’s Degree from Emory University in Accounting.
Robert Kennedy
Mr. Kennedy is a builder, owner and operator of several major branded, retail gasoline stations on the east and west coast of Florida. Mr. Kennedy has 28-years of experience in all aspects of management, cost controls and entrepreneurship.
Diane San Pedro
Mrs. San Pedro is currently the Chief Financial Officer of GE Capital Markets and has extensive experience as a CPA/Examiner with the U.S. Securities and Exchange Commission, BDO Seidman, LLP., GE Real Estate, BlackRock, Inc., and IBM’s Global Financing Division. Throughout her tenure, Ms. San Pedro’s functions have ranged from auditing to external reporting for a public company, to taxes and transaction structure, to regulatory compliance. Ms. San Pedro earned her Bachelor’s degree in Accounting from Pace University in New York City.
What do you think of PCAI today. UP 28% already. The float is 3.5 million. The company has a great green future ahead of it.
Its going to be exciting to say the least. I wonder where this is going to end up!!
PCAI has 3,471,562 as of Feb 1, 2009 in float. expected sales this year alone is 20 million dollars. watch for some movement today. have a great day all.
Good Morning ALL. PCAI is where you wanna keep your eye on today, low floater that could explode after what happend friday after hours.
Put PCAI on your watch list. A big 23k trade went off after the bell on friday, maybe something is lurking that we don't know of. Just watch it unfold!!
We should see increased volume today as well as increased pps!! Watch for us to create new support levels today!!
I mean with there is always a possiblity as with any company that dilution could occur if thats what your referring to.
How to Buy a Gas Station
Even with the rising cost of gasoline, gas stations are still money makers. Society is accustomed to driving where they want and need to go, and to do that, they need gasoline - no matter how much it costs. Buying a gas station is a little different than buying any other type of business, but learning how to buy a gas station isn't hard.
The first step is to find gas stations for sale in the area you wish to operate in. You can use a business broker to find gas stations for sale, and you can also check with local realtors. Click here to view our gas station for sale listings. There are several places online where you can look for gas stations for sale in your area. As with any business, you will want to tour the property, view financial statements, find out why the gas station is for sale, and ask other pertinent questions.
You should look for a gas station that offers additional services, such as a convenience store or car wash, and evaluate these additional services to be certain that the revenues and profit margins are in line with the industry standards.
Once you have settled on the gas station that you wish to buy, you will need to check into the franchising aspect of the business. You will be selling and advertising certain brands of gasoline. These are not your brands, and thus, are subject to a franchise agreement with the oil company, as well as related franchising fees. This is also known as "brand name affiliation." Note that you are not required to sell the brand of gasoline that is currently being sold at the gas station you wish to buy. You can change over to another brand. The current owner and/or the business broker should be able to provide you with assistance in this area.
Do not just assume that the oil company that you choose will approve you. Set up a meeting with the oil company representative to make sure that you meet their qualifications - and that they meet yours. If you plan to stick with the current oil company, make sure that the contract is transferable to you. Make a successful transfer of the contract a condition of the sale.
Check other licenses and permits. If the gas station sells alcohol, cigarettes, or lottery tickets, you will need permits to continue selling these items. Contact the controlling agencies in your state to make sure that you will qualify for the permits, and find out how much they cost.
Check out the competition. As with any other business, the less competition you have, the better off your business will be. Also look around the general area of your location to see if potential competition can be built. If there is competition in the area, determine how you can compete and set your business apart from theirs. Location is extremely important. Make sure that you are in a high traffic area if possible. Also check with your local planning commission to find out if any road construction is planned, and if any building permits have been issued in your area.
Once you have all the pertinent details about the gas station, and the gas station franchise, you are ready to write your business plan. It is advised that you employ a professional business plan writer for this, as this document will be quite important when you start looking for financing. You should look for a professional who has written successful gas station business plans in the past. With the location chosen, and your killer business plan in hand, you are ready to approach lenders for financing.
Gasoline is a commodity that there will always be a great demand for, no matter how bad the economy gets. However, the business does not run itself, and it is advised that the owner participate in the day to day operations of the gas station. This prevents employees, customers, and vendors from stealing from you. If enough of your merchandise walks out the door, you won't be in the gas station business for long. If there are not security systems or protocols in place, you will want to remedy once you complete the purchase of the gas station.
Petroleum Consolidators Unveils Strategic Plan for Calendar 2009
4:28p ET February 6, 2009 (Market Wire)
Petroleum Consolidators of America, Inc. (PINKSHEETS: PCAI), a revenue-generating gasoline station/convenience store operator, has made several positive developments regarding its roll-up strategy, continued progress into the wholesale fuel supply segment and potential entrance within the oil and gas industry.
Overall, each development serves as a vertical integration within the PCAI Business Model which demonstrates further progress towards achieving our corporate goals.
The three major revenue streams targeted by the Company include:
Petroleum Consolidators announced in 2007 that, as part of its roll-up strategy, the Company expected to acquire at least six retail gasoline facilities. These six acquisitions were expected to generate $22 million in revenue and $2.3 million in income.
Although we did not acquire six retail sites, we successfully integrated two major acquisitions during the first two quarters of 2007, concurrently, seeking additional opportunities within the retail gasoline channel. Furthermore, we chose to reduce our exposure in calendar 2007 and 2008 with additional stores because of Federal Government mandates requiring UST (underground storage tank) replacement. The cost is extremely prohibitive, running into the hundreds of thousands of dollars, thus, creating an unnecessary financial burden on the company.
After taking the time to streamline operations, locate key facilities at bargain prices and clearly define the hurdles that plagued the retail gasoline / C-store business in 2007-2008, the acquisition strategy will now resume. Management believes that the Company could easily see an increase in numbers over the short and long-term periods through the implementation our proven business model.
As stated in 2007, the Company is focused on reaching its objective to acquire 50-60 stations over the next three years starting in 2009. Unlike other industries, the distressed economy has increased the number of targeted revenue-producing locations which, in turn, leads to an opportunistic market.
In reference to falling gas prices which may remain, David Cohen, President and CEO of Petroleum Consolidators, stated, "The falling price in gasoline is actually helping owners of gas stations because of lower credit card fees that operators are obligated to pay with their merchant accounts". The thought may be somewhat counterintuitive, but historical margins on gas are usually consistent.
"When gas comes down, you can make better margins," noted Cohen. "On a credit purchase, you have to pay a percentage, and when the total price is lower, you pay a smaller fee."
Regarding Petroleum Consolidators' migration into the Wholesale Fuel Supply field, PCAI has an advantage since it has already owned stations. We will continue to use a major oil company as a supplier, such as Valero, Exxon-Mobil, BP, etc. Now, we could use our own supply which will enhance our bottom line and provide cost efficiencies by delivering fuel to other related stations and stations within close proximity of ours.
IS there a reason why all the years state 2008????????????
PCAI had heavy volume on friday, watch for it to carry into this next week. We have a good leadership in this company so watch for big things to start happening.
those 100,000 share blocks are huge!! Watch for the volume to continue throughout the week!!!
I love seeing the trade at 4:06, 23500 dollars on a pink sheet stock on one trade. Someone is very interested in this company to sink that amount of money in it.
I believe it could very well have to do with the low float. Someone obviously needed some money so they sold. Thats just IMO.
PCAI has a low float and will have huge gains next week. Put it on your watch list!!!