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[QUOTE]Originally posted by IMAKEMONEY: [QB] CMMI to Acquire Troutman Oil and US Fuel International HOUSTON, Oct 29, 2007 /PRNewswire-FirstCall via COMTEX/ -- Consolidated Medical Management, Inc. (OTC Bulletin Board: CMMI) today announced execution of a purchase agreement to acquire Troutman Oil Company, Inc., and US Fuel International, Inc., both privately companies, headquartered in Austin, Arkansas. "This is an important acquisition for CMMI and its shareholders," commented Timothy G. Byrd, Sr., Consolidated Medical Management's chief executive officer. "The addition of Troutman's distribution infrastructure, retail network, and the US Fuel(R) brand to our current terminalling operation moves us closer to establishing CMMI as a fully integrated fuel supplier, distributor, and retailer, and positions us to capture profits throughout the downstream chain. Terms of the agreement have CMMI purchasing the stock of Troutman Oil Company Inc., US Fuel International Inc., and certain assets held individually by its shareholders for $5 million in cash, $900,000 in debt, and 666,680 shares of CMMI convertible preferred stock valued at $1,000,000. The final purchase price is subject to adjustment based upon the audit results of the companies' assets and liabilities. "We are presently continuing to develop and expand this business model through both organic growth and by acquisitions of greater terminal capacity and increased geographical reach of branded retail fuel outlets within the consumer and commercial fuel distribution chains," Byrd continued. Troutman Oil distributes fuel to retail outlets throughout Arkansas and owns and operates 12 branded US Fuel stations in the mid-South. US Fuel is a fuel marketing company that sells fuel under the US Fuel(R) trademark. US Fuel currently has a private label US Fuel brand credit card program with over 3000 active cards establishing brand loyalty with its customer base. "With storage at our Intercontinental Fuel terminal in Houston fully occupied, we look forward to continued corporate growth through this acquisition," commented G. C. 'Sonny' Wooley, Consolidated Medical Management's board chairman. "We have also taken a giant step in securing other avenues for revenues and profit by expanding the infrastructure, management, and licenses to resell fuel, and maximizes utilization of our terminal operations." "Once completed, this acquisition is expected add over $23,500,000 to the Company's revenue," Byrd concluded. Closing of the purchase is to occur on December 10, 2007, but can be extended up to 90 days. About Troutman Oil Company and US Fuel International, Inc. Troutman Oil Company is a fuel distribution company servicing retails outlets throughout Arkansas. US Fuel International offers fleet fueling franchise and branding programs to aggressive petroleum entrepreneurs. In addition, the Company offers a variety of innovative programs in protected territories such as fleet fueling, fuel purchase cash cards, on-site fueling, unattended express marts, national referrals, regional and national co-op advertising, with co-branding with comprehensive training and marketing support. US Fuel offers programs and support to generate increased business in today's competitive marketplace. About Consolidated Medical Management, Inc. CMMI is a wholesale fuel distributor and fuel terminal operator based in Houston, Texas. CMMI not only offers storage, delivery, and blending of petroleum products such as gasoline and diesel fuel, but also offers biodiesel to the growing "green" fuels market. Biodiesel is a clean burning, nontoxic, sulphur-free, and biodegradable alternative fuel for compression-ignition (diesel) engines made from animal fat or vegetable oil. One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. Consolidated Medical Management, Inc., urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission. SOURCE Consolidated Medical Management, Inc. [/QB][/QUOTE]
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