5-year agreement to provide BP Amoco branded fuel and merchant services to retailers seeking national brands
Knoxville, TN, May 25, 2022 (GLOBE NEWSWIRE) — via NewMediaWire —Blue Earth Resources Inc. (OTCMKTS: BERI) “Blue Earth” or the “Company”, a U.S. fuel marketer, has announced that it has entered into a branded wholesaler agreement with BP Products North America Inc. (“BP Amoco” ) to resell its refuel and provide BP Amoco merchant services to branded convenience stores and gas stations in the United States.
Blue Earth will receive revenue from fuel sales, merchant services and fuel transportation.
With over 2.7 million consumer visits per day and 1 billion point-of-sale advertisements viewed per year, BP Amoco has invested millions of dollars in establishing a leading quality brand fuel, reliability and notoriety. BP Gasoline with Invigorate® contains their unique proprietary additive formulated to help clean engines and give drivers more miles per tank.
BP Amoco invested in helping the sites improve their image and maintained a coordinated marketing effort using television, internet, radio, outdoor, on-site and digital advertising to drive consumers to the sites so operators could focus on running their business. .
At the recent BP Amoco Marketers Association (BPAMA) in San Antonio, BP said it “aims to double revenue for global convenience and mobility companies by 2030 – from approximately $5 billion in 2019 … During the same period, BP aims to increase customer touchpoints to 20 million in the same time frame.
“BP Amoco’s unparalleled brand awareness and support features provide compelling reasons for operators to switch their brand and fuel supply to BP or Amoco,” commented Scott M. Boruff, CEO of Blue Earth. “The high-value package offered by BP to retailers signals their aggressive convenience store growth targets and we look forward to selling it in the United States starting in the South.”
Blue Earth already has a number of locations in the sales pipeline that it expects to close quickly and the company plans to announce them as they arise.
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About Blue Earth Resources
Blue Earth Resources, Inc. is a fuel distributor that provides tailored solutions to refined fuel supply issues and logistical challenges faced by fuel customers in the United States.
A personalized set of risk management, calculation of sectoral, financial and geopolitical information helps each client to make real-time market decisions that reduce costs and prevent business interruptions.
Our risk management reports incorporate specific assessments of each customer’s risk tolerance and include review of purchase and sale contracts, and will include bulk inventory management (shipping, terminal and hedging), protection retail margins and other custom reports.
Wholesale products supplied and distributed are various grades of refined fuels including gasoline, diesel, kerosene, biofuels, ethanol and aviation fuel which are traded along several supply points in the regional pipelines.
Customers include retailers, wholesalers, commercial, industrial, power plants, municipalities, governments, farmers and manufacturers.
Statements Regarding Forward-Looking Information
Certain statements contained herein are forward-looking statements, including, but not limited to, statements that predict or indicate future events, trends, plans or goals. Undue reliance should not be placed on these statements because, by their nature, they are subject to known and unknown risks and uncertainties. Forward-looking statements are not guarantees of future business and are subject to numerous risks and uncertainties. Due to these risks and uncertainties, actual events may differ materially from those reflected or contemplated in these forward-looking statements. Forward-looking statements can be identified by the use of the future or other forward-looking words such as “believe”, “expect”, “anticipate”, “intend”, “plan”, “should”. , “may”, “will”, “continue”, “strategy”, “stance”, “opportunity”, statements regarding the “flexibility” of the Company or the negative of any of these terms or other variations of these or by comparable terminology.
Scott M. Boruff, CEO