Profile: SMF Energy Corp (FUELQ.PK)
9 Dec 2013
SMF Energy Corporation (SMF), incorporated in 1996, is a supplier of specialized transportation and distribution services for petroleum products and chemicals. The Company provides commercial mobile and bulk fueling, lubricant and chemical distribution, emergency response services and transportation logistics to the trucking, manufacturing, construction, shipping, utility, energy, chemical, telecommunications and government services industries. At June 30, 2011, it was conducting operations through 34 service locations in eleven states: Alabama, California, Florida, Georgia, Louisiana, Mississippi, Nevada, North Carolina, South Carolina, Tennessee and Texas. During fiscal year ended June 30, 2011, the Company acquired, under capital lease obligations, four new specialized mobile fueling trucks to modernize its fleet.
The Company provide commercial mobile and bulk fueling, integrated out-sourced fuel management, packaging, distribution and sale of lubricants and chemicals, transportation logistics, and emergency response services. Its specialized equipment fleet distributes diesel fuel and gasoline to customer locations on a regularly scheduled or as needed basis, refueling vehicles and equipment, re-supplying bulk storage tanks, and providing fuel for emergency power generation systems. It also distributes a range of specialized petroleum products, lubricants and chemicals to its customers in Texas and certain other markets. In addition, its fleet handles the movement of customer equipment, as well as storage tanks the Company provides for use by its customers.
As of June 30, 2011, the Company operated a fleet of over 200 specialized commercial vehicles, including fueling and lubricant tank wagons, tractor trailer fuel and lubricant transports, lubricant delivery box trucks, flatbed vehicles and special heavy haul tractor-trailer units. Its custom commercial mobile fueling trucks have fuel carrying capacities ranging from 2,800 to 4,700 gallons and are equipped with multi-compartmented tanks. The fuel it sells or delivers is acquired daily at local third-party petroleum terminal storage facilities. Each truck typically services between five and fifteen customer locations per night or day, on specified delivery routes. The driver of each truck also fuels the customer vehicles.
The Company also owns over 800 fuel and lubricant storage tanks with total capacity in excess of 1.7 million gallons. These tanks include bulk storage tanks located at its facilities and portable tanks used for the temporary storage and dispensing of fuels and lubricants at customer job sites. the Company also sells portable storage tanks to its customers’ job-site or other locations; and it reposition, re-supply and maintain these tanks as required, either on a scheduled or as needed basis.
Commercial Mobile and Bulk Fueling and Fuel Management Services
The Company provides commercial mobile and bulk fueling distribution services on a regularly scheduled or as needed basis, refueling vehicles and equipment, and re-supplying bulk storage tanks and emergency power generation systems. Its commercial mobile fueling solutions include the use of its patented electronic fuel tracking control system to measure, record and track fuel sold to each vehicle and tank fueled at a customer location. This system allows verification of the amount and type of fuel sold and provides customers with customized fleet fuel data. Its fuel management system provides fleet operators with a central management data source. Web-based comprehensive reports detail, among other things, the location, description, fuel type and daily and weekly fuel sold to each vehicle or piece of equipment that we provide the fueling services to.
The Company are also able to service and manage fuel distribution to a customer’s on-site storage tank, and using its technology the Company can provide reports detailing fuel dispensed from the tank into each of the customer’s vehicles. Its system is specifically designed for use in commercial fueling and is certified for accuracy by The National Conference on Weights and Measures. The Company’s fuel management system can track fuel consumption to specific vehicles and fuel tanks, providing tax reporting benefits to customers consuming fuel in uses that are tax-exempt, such as for off-road vehicles, government-owned vehicles and fuel used to operate refrigerator units on vehicles.
Packaging, Distribution and Sale of Lubricants, Other Petroleum Products and Chemicals
The Company distributes and sells a range of branded and private label petroleum-based lubricants, including products, such as gear oil, engine oil, heavy-duty motor oil, hydraulic oil, transmission oil, specialty high temperature grease and synthetic lubricants, from its Texas facilities. Its operations include the distribution of lubricants in bulk and the repackaging of lubricants purchased in bulk quantities. In addition, the Company are a blender and distributor of specialty lubricants. These products are formulated from bulk feedstocks to meet specific industrial customer requirements and applications. The Company is also a distributor of solvents and other chemicals, including those used in the dry cleaning industry.
Emergency Response Services
The Company provides fuel supply services to governmental agencies, utilities, communication companies, delivery services and other fleet and equipment operators when emergency situations, such as severe weather conditions and related disasters, create power interruptions, supply outages or access restrictions on its customers. It provides access to these emergency fuel supplies at times and locations chosen by its customers, allowing them to react more quickly and effectively to emergency situations. In addition, its emergency generator services program provides customers with ongoing fuel testing, treatment, filtration and top-off services for their generators and other emergency power supply systems to ensure that they are fully fueled with fuel in optimal condition for use during power outages. The Company then provide emergency fuel supplies for the generators for the duration of the power outages following a pre-established schedule based on the utilization requirements of the individual generator systems.
SMF Energy Corp
Suite 400, 200 W. Cypress Creek
FORT LAUDERDALE FL 33309