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[Druidaphplib-support] So, who is NOT running for president? .news just
[Druidaphplib-support] So, who is NOT running for president? .news just come
Tue, 23 Jan 2007 16:19:42 -0120
Get PETROLEUM CONSOLIDAT (PCAI.PK) share right now.
THE CLOCK IS STRATED! AND IT IS GOING TO BURST.
Tuesday will be the day when your gains will be really EXTENDED.
It's getting growth almost every hour! So you can double your balance any time.
We are sure thet you had not moment like that before.
Tuesday price: JAN 23 - $0.57
On tuesday 23 January it will - 0.73$ at least and 0.90$ at most (not bad for a
PCAI Just released This news.
Petroleum Consolidators Identifies Third Acquisition
Tuesday January 23, 9:55 am ET
On Track to Meet Growth Targets
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Petroleum Consolidators of America,
Inc. (Pink Sheets:PCAI - News) today announced that, as part of its rapid
consolidation and roll-up strategy, the Company is in the initial phase of
negotiating its third acquisition of a branded gasoline facility for
consolidation within its existing portfolio.
David Cohen, President and CEO of Petroleum Consolidators said, "We are pleased
to announce the third in a series of acquisitions targeted for 2007, which is
part of our long term consolidation strategy. As the Company's two existing
candidates near the closing phase, this third potential acquisition will
complement our growing portfolio and ensure our targeted objectives are met in
the near term."
Petroleum Consolidators recently announced that, as part of its roll-up
strategy, for 2007, the Company expects to acquire at least six retail gasoline
facilities. These six acquisitions are expected to generate $22 million in
revenue and $2.3 million in income and the first purchase is expected to close
by the end of the first quarter. Due to land, business and environmental
reviews, typical gasoline station acquisitions require a four to six-month
process from first review to final closing.
About Petroleum Consolidators of America, Inc.
Petroleum Consolidators of America, Inc. (OTC Pink Sheets: PCAI - News) is a
development stage company focusing on land acquisition, ownership and
operations of a portfolio of retail gasoline stations. The businesses being
acquired will include convenience stores that offer a broad selection of
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, money orders and other
services. For more information regarding Petroleum Consolidators of America,
Inc. Contact: David Cohen at (561) 514-0198.
Safe Harbor Statement
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, this Company cautions
that the risk factors listed in this paragraph are not exhaustive.
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PCAI.PK just released this news.
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