(Source: PRNewswire)
FT. LAUDERDALE, Fla., Sept. 1 /PRNewswire-FirstCall/ -- SMF ENERGY CORPORATION (Nasdaq: FUEL), a leading provider of specialized transportation and distribution services for petroleum products and chemicals, today announced an expansion of the Company's business relationship with the United States Postal Service (the "USPS") into 10 new markets in South Louisiana, including Slidell, Covington and Houma. This addition extends the services of the Company to the USPS beyond the New Orleans, Baton Rouge and Shreveport core market areas and the 37 locations awarded last year. The Company also confirmed a number of other expansions and/or new business signings with large customers in the industrial equipment rental, office supply, document management, refining/petrochemical, and oil field product industries.
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Richard E. Gathright, President and CEO, stated, "We are extremely pleased with the pace of expansion of existing customer relationships into new markets and of new customer signings. In particular, we continue to add USPS business in new markets as the USPS increasingly recognizes the value our services and the positive financial impact that they can have on the operating efficiencies and costs of their distribution network. We are further realizing significant expansions and new business opportunities with a number of large, national providers in the equipment rental, business and consumer office supply and mobile document management service industries."
Gathright continued, "We are also making significant customer additions to our Chevron and private label lubricant product lines in the Company's Texas market area, including recent new customer additions in the refining and petrochemical and in the oil field and power transmission equipment manufacturing sectors. We are also continuing to expand our Chevron Associate 'Subjobber' Program with the addition of 3 new distributors to whom we will be selling the Chevron lubricant product lines in markets not previously served by the Company, thus increasing our market share and presence."
Gathright concluded, "While our customers continue to be impacted by the current recession and difficult economic time, we are currently experiencing generally stable demand from our historical customers.
