Mogul Energy International Announces Strategic Fleet Expansion with Acquisition of 40 Trucks
MIAMI, Oct. 07, 2023 (GLOBE NEWSWIRE) -- Mogul Energy International, Inc., (OTC PINK: MGUY), a leading name in the energy transportation sector, specializing in transportation, logistics, warehouse consolidation, and distribution services for perishable and other time and temperature sensitive types of cargo, is excited to announce a significant milestone in its ongoing commitment to operational excellence and sustainability. The company is now in the process of expanding its fleet through the acquisition of 40 trucks, as a partial addition and replacement of older models by more efficient and environmentally friendly alternatives.
The decision to enhance our fleet is a testament to Mogul Energy International’s dedication to delivering top-tier services to our clients while prioritizing sustainability and operational efficiency. These new additions to our fleet are poised to strengthen our position in the industry, ensuring we continue to meet the growing demand for energy transportation services with utmost reliability and efficiency.
The acquisition of these new trucks marks a critical step in our strategic growth plan. By investing in the latest trucking technology and replacing older vehicles, we aim to optimize our operations, reduce emissions, and enhance the safety of our drivers and the communities in which we operate.
“We are excited about this strategic move to expand and upgrade our fleet,” said Ronen Koubi, CEO of Mogul Energy International. “This investment reaffirms our commitment to providing reliable, environmentally conscious transportation solutions to our customers while maintaining our industry-leading standards of safety and efficiency.”
Mogul Energy International expects to complete the procurement of these 40 new trucks by the end of the current quarter, with each vehicle representing a significant step towards a more sustainable and resilient future for the company.
This strategic fleet expansion aligns with our company’s broader vision of adapting to industry trends, embracing innovation, and contributing to a greener and more efficient future for the energy transportation sector.
About: Mogul Energy International, Inc.
Mogul Energy International, Inc., through its subsidiaries, provides transportation, logistics, and warehouse consolidation and distribution services for perishable and other time and temperature sensitive type of cargo. It offers refrigerated long haul, regional, and dedicated deliveries for industries that include floral, produce, plants, dairy, poultry, and meats, as well as dry high value commodities.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations and assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Some of these uncertainties include, without limitation, the company's ability to perform under existing contracts or to procure future contracts. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, successful implementation of our business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. We undertake no obligation and do not intend to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements.
Contact:
Ronen Koubi
305-503-2553
