- Potential for 25% increase in current volumes, largely due to vast
Texas market potential
Customarily, the state regulatory agencies provide approval of the applications within 30 days with the surety bond requirements, after which the company obtains the bond, sends it on to state regulators, who then send back the licenses, allowing fuel to be obtained and sold in the regions.
“We anticipate revenue to be produced in the regions within our 4th quarter ending February 2022,” commented Gary “Billy”
Supply agreements are already approved and high volume clients are ready to commence once licensing is approved.
About
A customized composite of risk management, computation of industry, financial, and geo-political information assists each customer to make real-time market decisions that reduce cost and prevent business interruption.
Our risk management reporting incorporates specific risk tolerance assessments of each customer and includes purchase and sales contract review, and will include bulk inventory management (shipping, terminaling, and hedging), retail margin protection, and other custom reporting.
Wholesale products supplied and distributed are various grades of refined fuels including gasoline, diesel, kerosene, biofuels, ethanol, and aviation fuel that are marketed along multiple supply points within regional pipelines.
Customers include retailers, jobbers, commercial, industrial, power plants, municipalities, government, agricultural, and manufacturers. http://www.berifuels.com/
Statements Regarding Forward-Looking Information
Certain statements contained herein are forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans, or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties. Forward-looking statements are not a guarantee of future activities and are subject to many risks and uncertainties. Due to such risks and uncertainties, actual events may differ materially from those reflected or contemplated in such forward-looking statements. Forward-looking statements can be identified by the use of the future tense or other forward-looking words such as "believe," "expect," "anticipate," "intend," "plan," "should," "may," "will," "continue," "strategy," "position," "opportunity," statements regarding the "flexibility" of the Company or the negative of any of those terms or other variations of them or by comparable terminology.
Contact
investorrelations@berifuels.com
(865) 237-4448
Source:
2022 GlobeNewswire, Inc., source