OTCPK: PCAI
Share Structure:
Outstanding Shares: 35,580,340 (as of Feb 1, 2009)
Authorized Shares: 500,000,000
Free Trading Float: 3,471,562
About Petroleum Consolidators (OTC: PCAI)
Headquartered in Palm Beach Gardens, Florida, Petroleum Consolidators of America, Inc. (OTC: PCAI) is a gasoline retail consolidator with an established acquisition strategy that includes the ownership and operations of major branded gasoline stations.
The Company has made strategic acquisitions in South Florida and is aggressively pursuing additional acquisition candidates. Our strategy to is to create a portfolio of profitable retail gasoline facilities, producing oil wells and wholesale fuel distributorships that will benefit from substantial operating efficiencies and economies of scale, leveraged by the Company’s highly experienced management team and advisory board.
Ideal acquisition candidates include existing retail gasoline facilities with convenience stores, proven oil wells and profitable fuel distributorships that are cash accretive and will maximize shareholder return. The practical experience of the executive team coupled with their strategic relationships in the fuel industry has proven invaluable as Petroleum Consolidators capitalizes on the opportunities of regional markets.
Recent News:
Petroleum Consolidators Engages a Clearwater, Florida-Based Broker-Dealer for a Fifteen Million Dollar Financing (Tue, Aug 11)
Petroleum Consolidators Unveils Corporate Strategy to Streamline Its Core Focus and Fully Capitalize on Existing Retail and Wholesale Fuel Opportunities (Fri, Jul 24)
Petroleum Consolidators Offers Shareholders a Semi-Annual Update (Mon, Jul 13)
Petroleum Consolidators Completes Second Round of Due Diligence With Indiana-Based Resource Company (Tue, Jun 23)
Petroleum Consolidators Announces Intent to Spinoff a Wholly Owned Subsidiary (Tue, Jun 2)
Knobias Articles
PCAI: Continuing Rollup Strategy
PCAI: Acquires Major Branded Gas Station; Management Comments
PCAI: Acquisitions Could Gas Up Profits
Bio’s
David Cohen, President, Chief Executive Officer and Director.
Mr. Cohen’s expertise includes comprehensive retail gasoline and convenience store operations and management. Mr. Cohen also has extensive experience in the securities markets, corporate finance, and corporate consulting for publicly-traded companies. As an advisor for various investment banking firms and brokerages from 1996 to 2006, Mr. Cohen specialized in the small and micro-cap sector, arranging financings in the public and private equity markets for emerging companies in a variety of industries. As a former principal in the securities industry, Mr. Cohen was responsible for managing more than $65 million of non-discretionary assets. Mr. Cohen holds a Bachelor of Arts degree from Pace University in New York City.
Ralph DiSalvo
Mr. DiSalvo is the president and founder of RJD Oil, Inc., a retail gasoline operations company operating since 1998. Mr. DiSalvo is the builder, owner and operator of numerous major branded retail gas stations and convenience stores throughout Florida. Additionally, he is the owner and operator of a wholesale gasoline distributorship and various car washes. Mr. DiSalvo currently manages and trains 40+ full time employees throughout his retail operations.
F. Marrell Jerkins
Mr. Jerkins is the president and CEO of Great Dane Petroleum Contractors, Inc. With over 30 years of construction and operational experience within the gasoline retailing industry, Mr. Jerkins is considered a leading expert in various aspects of the retail petroleum business. Mr. Jerkins currently holds contractor’s licenses with the State of Florida, Alabama, Tennessee, and Georgia. He is responsible for all phases of ground-up construction for clients, which include Exxon/Mobil Oil, Chevron/Texaco Oil Co., Shell Oil, Hess, BP/Amoco and Pro-Energy. Moreover, Mr. Jerkins is an owner and operator of a number of major branded retail gasoline stations and convenience store facilities in Florida. Mr. Jerkins earned his Bachelor’s degree in Civil Engineering from Auburn University in Auburn, Alabama.
Bruce Jordan
Mr. Jordan is currently the president of Midtown Partners & Co., LLC. a FINRA Broker/Dealer. Mr. Jordan’s expertise includes more than 25 years in investment banking, investment advisory services, and securities. During the 1990s, Mr. Jordan professionally managed equity investments of more than $100 million of discretionary assets, and nearly $1 billion of non-discretionary assets. Mr. Jordan has been responsible for both public and private financings of emerging companies in various industries. Mr. Jordan earned his Master’s Degree from Georgia State University in Corporate Finance and his Bachelor’s Degree from Emory University in Accounting.
Robert Kennedy
Mr. Kennedy is a builder, owner and operator of several major branded, retail gasoline stations on the east and west coast of Florida. Mr. Kennedy has 28-years of experience in all aspects of management, cost controls and entrepreneurship.
Diane San Pedro
Mrs. San Pedro is currently the Chief Financial Officer of GE Capital Markets and has extensive experience as a CPA/Examiner with the U.S. Securities and Exchange Commission, BDO Seidman, LLP., GE Real Estate, BlackRock, Inc., and IBM’s Global Financing Division. Throughout her tenure, Ms. San Pedro’s functions have ranged from auditing to external reporting for a public company, to taxes and transaction structure, to regulatory compliance. Ms. San Pedro earned her Bachelor’s degree in Accounting from Pace University in New York City.
