American Leisure Holdings Completes Acquisition of Profitable Petroleum Distribution Center
(firmenpresse) - SILVER SPRINGS, NV -- (Marketwired) -- 01/20/15 -- American Leisure Holdings, Inc. (OTC PINK: AMLH) announced today that its wholly owned subsidiary, Wroblewski Oil and Gas Company ("WOGC"), has completed the acquisition of a petroleum distribution center and convenience store located in the highly traveled area of Butler County, Pennsylvania. The acquisition is expected to increase gross sales for WOGC by $2.5 - $3.0 million dollars to approximately $10.5 million dollars annually.
The petroleum center distributes the nationally recognized Sunoco brand devoted to providing its distributors with top-notch product and marketing resources. The purchase agreement includes all inventories of petroleum and consumable products including food, cigarettes and convenience store products.
"We are currently on an accelerated path to maximize expansion opportunities, increase revenue generation and realize an enhanced return on our investments. We have successfully completed our first acquisition which is expected to provide WOGC with an additional $2.5 - $3.0 million dollars in gross revenue and continued profitability. In addition, we are in final stages of arranging additional potential acquisitions and strategic partnerships in other aspects of the energy sector including the exploration, development and production of oil and natural gas. I look forward to making further announcements regarding our progress in the near future," stated Eric Wroblewski, CEO of American Leisure Holdings, Inc.
About American Leisure Holdings, Inc.
American Leisure Holdings, Inc. is focused on investments in the North American oil and gas sector. The Company''s wholly owned subsidiary, Wroblewski Oil and Gas (WOGC), is a distributor of a leading international manufacturer of transportation fuels and petrochemical products. WOGC''s brick and mortar businesses include a retail and wholesale gasoline station, a convenience store, car wash, doggie wash, and coffee drive-thru located in Zelienople and Coraopolis, Pennsylvania. The Company''s growth strategy includes several projects in oil and gas exploration focused on acquiring drilling prospects, participating in permitted frac sand operations, and utilizing existing relationships to broker the sale of refinery byproducts.
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Forward-Looking Statements - This press release contains "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 and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward-looking statements. You should consider these factors in evaluating the statements herein, and not rely on such statements. The forward-looking statements in this release are made as of the date hereof and American Leisure Holdings, Inc. undertakes no obligation to update such statements.
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American Leisure Holdings, Inc.
(229) 200-5527
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Datum: 20.01.2015 - 05:00 Uhr
Sprache: Deutsch
News-ID 1331140
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