Good Morning to all @ CMMI!
Todays Press Release another solid indicator of investing to a bright future!
1) Solid Management Focus!
2) Sector is Hot!
3) Recent Acquisition Perfect!
4) Steady Growth!
5) Great DD from Brikk & Company!
CMMI Upgrading Houston Fuel Terminal
HOUSTON, Nov. 6 /PRNewswire-FirstCall/ -- Consolidated Medical Management, Inc. (OTC Bulletin Board: CMMI) today announced its wholly owned subsidiary, Intercontinental Fuels LLC (IFL), is currently adding infrastructure allowing delivery of ultra-low sulfur diesel (ULSD) fuel at its fuel terminal located next to Houston's Intercontinental Airport.
'Intercontinental Fuels is committed to providing the most up-to-date infrastructure to our customers,' commented Timothy G. Byrd, Sr., Consolidated Medical Management's chief executive officer. 'The ULSD terminal upgrade is expected to be online by month's end, securing the long-term viability of the facility while building shareholder value.
'With long-term terminalling agreements to store and terminal fuel and a variety of customers such as ADA Resources, O'Rourke Petroleum, and the Metropolitan Transit Authority of Harris County (Houston area), Texas (METRO), among others, IFL remains committed to meeting the area's demand for cleaner burning ULSD fuel, both now and into the future,' Byrd concluded.
ULSD was proposed by the EPA last year as the new standard for sulfur content in on-road diesel fuel sold in the United States. This new regulation applies to all diesel fuel, diesel fuel additives, and distillate fuels. The EPA already has mandated the use of ULSD fuel in model year 2007 and later diesel-powered highway vehicles, and by 2014, all highway, off-road, locomotive, and marine diesel engines produced and imported will use ULSD.
In addition, CMMI last week announced execution of a purchase agreement to acquire Troutman Oil Company and US Fuel International, Inc., both privately held companies. Closing of the purchase is to occur on December 10, 2007; however, closing can be extended up to 90 days.
Troutman Oil Company distributes fuel to retail outlets throughout Arkansas and owns and operates 12 branded US Fuel(R) stations in the mid- South. US Fuel International, Inc. is a fuel marketing company that sells fuel under the US Fuel(R) trademark. US Fuel International currently has a private label US Fuel(R) brand credit card program with over 3000 active accounts.
About Troutman Oil Company and US Fuel International, Inc.
Troutman Oil Company is a fuel distribution company servicing retail outlets throughout Arkansas. US Fuel International, Inc. offers fleet fueling, franchise, and branding programs to aggressive petroleum entrepreneurs. In addition, the Company offers a variety of innovative programs in protected territories including fleet fueling, fuel purchase cash cards, on-site fueling, unattended express marts, national referrals, regional and national co-op advertising, and co-branding with comprehensive training and marketing support. US Fuel International offers programs and support to generate greater visibility and increased business in today's competitive marketplace.
About Consolidated Medical Management, Inc.
Consolidated Medical Management, Inc. (CMMI) is a wholesale fuel distributor and fuel terminal operator based in Houston, Texas. CMMI not only offers storage, delivery, and blending of petroleum products such as gasoline and diesel fuel, but also offers biodiesel to the growing 'green' fuels market. Biodiesel is a clean burning, nontoxic, sulfur-free, and biodegradable alternative fuel for compression-ignition (diesel) engines made from animal fat or vegetable oil.
One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered 'forward-looking statements,' generally preceded by words such as 'plans,' 'expects,' 'believes,' 'anticipates,' or 'intends.' We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. Consolidated Medical Management, Inc., urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
SOURCE Consolidated Medical Management, Inc.
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