Turning Pennies into dollars: (OTC:PCAI) Petroleum Consolidators of America, Inc
Are you a public company looking for exposure?
Contact RealPennies.com - 212-662-2147
For more info: http://www.realpennies.com/otc/pcai
Petroleum Consolidators Secures Ten Million Dollar Equity Line
(OTC:PCAI) Petroleum Consolidators of America, Inc.
Petroleum Consolidators Secures Ten Million Dollar Equity Line
Tuesday February 17, 8:30 am ET
PALM BEACH GARDENS, FL-Feb 17, 2009 - Petroleum Consolidators of America, Inc. , a gasoline station/convenience store operator announced recently that the company has entered into a major financing agreement with Sunderland Capital, LLC. in the form of a $10,000,000 equity line. Complete terms of the financing will be released in our S1 registration when filed.
David Cohen, President and CEO of Petroleum Consolidators, stated, "This financing is a critical milestone in our company's history. It sends a clear and positive message to our industry that we will have the resources to continue moving forward with our business plan to build a regional presence of gasoline stations with convenience stores, wholesale fuel supply contracts and an infrastructure of producing oil wells."
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.
About Sunderland
Sunderland Capital is a West Palm Beach, FL-based private equity firm engaged in supporting growth companies in all facets of their long-term strategy by providing capital through private investments in public equities , Reverse Mergers and assisting with progressive business solutions. With offices in South Florida, Sunderland can assist in facilitating the growth of companies located throughout North America, China and Europe. For more information, visit: www.sunderlandcapital.com.
Safe Harbor
This release contains various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended which represent the company's expectations or beliefs concerning future events of the company's financial performance. These forward-looking statements are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. The words "may," "could," "should," "believe," "anticipate," "estimate," "expect," "intend," "plan" and similar words are intended to identify forward-looking statements. These forward-looking statements are based on the Company's current plans and expectations and involve a number of risks and uncertainties that could cause actual results and events to vary materially from the results and events anticipated or implied by such forward-looking statements. Any number of factors could affect actual results and events, including, without limitation: the ability of the Company to take advantage of expected synergies in connection with acquisitions; the actual operating results of stores acquired; the ability of the Company to integrate acquisitions into its operations; fluctuations in domestic and global petroleum and gasoline markets; changes in the competitive landscape of the convenience store industry, including gasoline stations and other non-traditional retailers located in the Company's markets; the effect of national and regional economic conditions on the convenience store industry and the markets we serve; the effect of regional weather conditions on customer traffic; financial difficulties of suppliers, including our principal suppliers of gas and merchandise, and their ability to continue to supply our stores; environmental risks associated with selling petroleum products; governmental regulations, including those regulating the environment; and acts of war or terrorist activity. Results actually achieved may differ materially from expected results included in these statements. The Company is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise. Furthermore, the Company cautions that the risk factors listed in this paragraph are not exhaustive.
Contact:
Contact: David Cohen President &CEO Petroleum Consolidators of America 483-4440 Email Contact http://www.petroleumconsolidators.com Source: Petroleum Consolidators of America, Inc.
Profile for Petroleum Consolidators of America, Inc.
Petroleum Consolidators of America, Inc. focuses on the acquisition, ownership, and operation of a portfolio of retail gasoline stations. Its businesses include convenience stores that offer merchandise and ancillary products and services, including car care products, tobacco, beer, soft drinks, self-service fast food and beverages, publications, dairy products, groceries, health and beauty aids, and money orders. The company was formerly known as Striker Capital Corp. and changed its name to Petro Plus USA, Inc. in July 2006. Further, it changed its name to Petroleum Consolidators of America, Inc. in September 2006. The company is based in West Palm Beach, Florida.
Find out more about PCAI
Realpennies.com
Investors are advised that this analysis is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy. This report does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. The information contained herein is based on sources that we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. Past performance is no guarantee of future results. Please consult a broker before purchasing or selling any securities mentioned on http://www.realpennies.com/start.html
Any opinions expressed herein are statements of our judgment as of the date of publication and are subject to change without notice. This may contain forward-looking statements and are not guarantees of performance. Reproduction of this without written permission is prohibited.
RealPennies.com
Phone: 212-662-2147
info [at] realpennies.com
No comments:
Post a Comment