Mobil and Quick Fuel to Co-brand Chain of Fleet Fueling Locations

21 January 1999

Mobil and Quick Fuel to Co-brand Chain of Commercial Fleet Fueling Locations

    FAIRFAX, Va.--Jan. 20, 1999--Mobil Corporation and Quick Fuel, a subsidiary of Jacobus Energy, announced Wednesday their intent to co-brand Quick Fuel's chain of commercial fleet fueling locations.
    Under the letter of intent, Quick Fuel would increase its supply contract with Mobil and re-image existing sites, new locations under development and its mobile fueling trucks.
    The letter of intent also would create a new joint-venture company to expand operations through shared investment opportunities and possible franchise offerings. Quick Fuel would have a majority investment share in the new sites; Mobil would have a minority share. The joint venture would take effect the first quarter of 1999.
    Quick Fuel's 38 commercial fleet fueling sites are located in the U.S. throughout the Midwest and South. Seven additional facilities are currently in development or under construction. In addition to the unmanned, cardlock facilities, Quick Fuel also provides on-site truck-to-truck refueling.
    "Quick Fuel is an industry pacesetter who has demonstrated a solid commitment to developing the commercial fueling business," said Kevin Weir, Mobil's Distillate Business Manager. "We believe that together, Mobil and Quick Fuel can open up exciting new opportunities for growth."
    "We believe the proposed joint venture with Mobil would create tremendous expansion and marketing possibilities," said Chuck Jacobus, Quick Fuel's CEO. "Our alliance with Mobil will help Quick Fuel maintain its leadership role in the commercial fueling industry."
    Mobil Corporation is a leading global oil, natural gas, and petrochemicals company whose subsidiaries have operations in more than 140 countries.
    In the U.S., the company markets gasoline in 28 states and the District of Columbia through 7,500 branded service stations. Recognized as the industry leader in lubricants and fuels technology, Mobil markets Mobil Diesel PowerPlus, a premium diesel fuel, throughout the U.S through its distributor network and participating truckstop locations.
    Mobil and its predecessor companies have manufactured high-quality lubricants and special products for more than 130 years.
    Quick Fuel, a pioneer in the automated fueling industry, was founded in the mid-1980s. In the past decade, the demand for Quick Fuel's services has grown rapidly. Based in Milwaukee, Quick Fuel is a division of Jacobus Energy, which has fueled Midwestern homes and businesses for nearly 80 years.
    Jacobus Energy currently provides wholesale and retail fuel for tens of thousands of customers. The company also collects and recycles used oil and other petroleum-based products.

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