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Streicher Mobile Fueling Becomes SMF Energy Corporation

December 26, 2006

FORT LAUDERDALE, FL - Streicher Mobile Fueling, Inc., a provider of petroleum product distribution services, transportation logistics, and emergency response services, has approved a company name change to SMF Energy Corporation and the former Florida company's reincorporation in Delaware. The name change and reincorporation will be effective upon receipt of requisite approvals from the company's primary lender and holders of its senior secured debt. The company's ticker symbol, “FUEL”, will not change. The company also announced that its board of directors had appointed two new executive officers – Robert W. Beard, sr. vice president, marketing & sales, and investor relations officer, and Timothy E. Shaw, sr. vice president, information services & administration, and CIO. Beard joined the company in July 2005 as vice president of corporate development from Cendian Corp., a chemical logistics subsidiary of Eastman Chemical Company in Atlanta, where he most recently served as director of client development and sales support. He has 30 years of marketing and sales, operational, and financial experience in the transportation and logistics industry for companies including Eastman Chemical, Ryder Systems, Inc., Comdata Corp., American Express/First Data Resources, Truckstops of America, and Mid Continent Systems. Shaw joined the company in March 2006 as vice president of information systems and CIO from Neff Corp./Neff Rental LLC, headquartered in Miami, where he was vice president of information services for the past seven years. He has more than 20 years experience in IT leadership, process engineering, and business operations for companies, including Fruehauf Trailer Services and Southwestern Bell, both headquartered in St. Louis. His background includes implementing enterprise resource solutions, storm disaster recovery planning, public company Sarbanes-Oxley 404 implementation and compliance, and acquisitions integration. The company's shareholders also elected all of management's nominees to the board of directors, including: Richard E. Gathright, Wendell R. Beard, Steven R. Goldberg, Nat Moore, Larry S. Mulkey, C. Rodney O'Connor, and Robert S. Picow. It was also announced that, in light of Beard’s appointment, the company's board of directors had reconstituted its committees to reflect that Beard's father, Wendell, would no longer be classified as an independent director.

The committees announced were:

  • Audit: Steven R. Goldberg (Chairman), Nat Moore, and Larry S. Mulkey.
  • Compensation: Nat Moore (Chairman), Larry S. Mulkey, and Robert S. Picow.
  • Nominating and Corporate Governance: Nat Moore (Chairman), Larry S. Mulkey, and Robert S. Picow.
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