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Author Topic: PCAI=320,000 float. --News out--This is good
StockRope
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Only 3,260,390 issued shares here.. Float reported at 320,000 This thing will fly with news IMO.

Transfer Agent:
Computershare Trust Company, Inc., Golden, CO 80401
(303) 262-0600

Posts: 124 | Registered: Dec 2006  |  IP: Logged | Report this post to a Moderator
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News for 'PCAI' - (Petroleum Consolidators Announces Letter of Intent to Acquire a Major Branded Gas Station)


WEST PALM BEACH, Fla., Oct 31, 2006 (BUSINESS WIRE) -- Petroleum
Consolidators
of America, Inc. (Pink Sheets:PCAI) today announced that it has formally
entered
into a Letter of Intent with an independent owner to acquire a BP branded
gas
station located in Charlotte County, Florida.

David Cohen, President & CEO of Petroleum Consolidators, stated, "As a
result of
efforts to meet the goals of our business plan, we are moving forward to
acquire
this BP operation as the first in a series of planned acquisitions. Based
on our
market research and due diligence to-date, we are confident that this
first
acquisition will generate $4.5 million in annual revenue and approximately
$275,000 in gross income."

"The underlying real estate will provide us with a tangible asset which
will
lead to an increase in book value. This closing is subject to a land
appraisal,
Phase One environmental study, plus a successful review and verification
of all
required due diligence items," stated Cohen.

About Petroleum Consolidators of America, Inc.:

Petroleum Consolidators of America, Inc. (Pink Sheets:PCAI) is a
development
stage company focusing on land acquisition, ownership and operations of a
portfolio of retail gasoline stations. The businesses being acquired will
include convenience stores that offer a broad selection of merchandise and
ancillary products and services including car care products, tobacco,
beer, soft
drinks, self-service fast food and beverages, publications, dairy
products,
groceries, health and beauty aids, money orders and other services.

Safe Harbor Statement

This release contains various forward-looking statements within the
meaning of
Section 27A of the Securities Act of 1933, as amended and Section 21E of
the
Securities Exchange Act of 1934, as amended which represent the company's
expectations or beliefs concerning future events of the company's
financial
performance. These forward-looking statements are further qualified by
important
factors that could cause actual results to differ materially from those in
the
forward-looking statements. The words "may," "could," "should," "believe,"
"anticipate," "estimate," "expect," "intend," "plan" and similar words are
intended to identify forward-looking statements. These forward-looking
statements are based on the Company's current plans and expectations and
involve
a number of risks and uncertainties that could cause actual results and
events
to vary materially from the results and events anticipated or implied by
such
forward-looking statements. Any number of factors could affect actual
results
and events, including, without limitation: the ability of the Company to
take
advantage of expected synergies in connection with acquisitions; the
actual
operating results of stores acquired; the ability of the Company to
integrate
acquisitions into its operations; fluctuations in domestic and global
petroleum
and gasoline markets; changes in the competitive landscape of the
convenience
store industry, including gasoline stations and other non-traditional
retailers
located in the Company's markets; the effect of national and regional
economic
conditions on the convenience store industry and the markets we serve; the
effect of regional weather conditions on customer traffic; financial
difficulties of suppliers, including our principal suppliers of gas and
merchandise, and their ability to continue to supply our stores;
environmental
risks associated with selling petroleum products; governmental
regulations,
including those regulating the environment; and acts of war or terrorist
activity. Results actually achieved may differ materially from expected
results
included in these statements. The Company is under no obligation to, and
expressly disclaims any such obligation to, update or alter its
forward-looking
statements, whether as a result of new information, future events or
otherwise.
Furthermore, this Company cautions that the risk factors listed in this
paragraph are not exhaustive.

SOURCE: Petroleum Consolidators of America, Inc.


CONTACT: Petroleum Consolidators of America, Inc., West Palm
BeachDavid Cohen,
561-514-0198info*petroleumconsolidators.comwww.petroleumconsolidators.com

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LATEST PRESS RELEASE

Petroleum Consolidators Announces the Expansion of its Advisory Board to Five Members
Tuesday January 16, 5:18 pm ET


WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Petroleum Consolidators of America, Inc. (Pink Sheets:PCAI - News) today announced that it has increased its advisory board to five members with the appointment of a senior executive from the retail gasoline industry.
ADVERTISEMENT


David Cohen, President and CEO of Petroleum Consolidators, stated, "With the addition of this highly qualified and experienced individual to our advisory board, we are able to clearly execute our business strategy and refine our corporate outlook and initiatives."

"Additionally, as previously announced in November and December 2006, we have entered into two Purchase and Sale Agreements with major branded gasoline facilities." Cohen added, "The projected revenue for these two initial purchases totals $7.5 million with approximately $500,000 in gross income. As projected for 2007, we are on target to acquire six retail gasoline facilities. These six acquisitions are expected to generate $22 million in revenue and $2.3 million in income. The advisory board will play a major role in the acquisition and integration process."

About Petroleum Consolidators of America, Inc.:

Petroleum Consolidators of America, Inc. (Pink Sheets:PCAI - News) is a development stage company focusing on land acquisition, ownership and operations of a portfolio of retail gasoline stations. The businesses being acquired will include convenience stores that offer a broad selection of merchandise and ancillary products and services including car care products, tobacco, beer, soft drinks, self-service fast food and beverages, publications, dairy products, groceries, health and beauty aids, money orders and other services.

Safe Harbor Statement

This release contains various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended which represent the company's expectations or beliefs concerning future events of the company's financial performance. These forward-looking statements are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. The words "may," "could," "should," "believe," "anticipate," "estimate," "expect," "intend," "plan" and similar words are intended to identify forward-looking statements. These forward-looking statements are based on the Company's current plans and expectations and involve a number of risks and uncertainties that could cause actual results and events to vary materially from the results and events anticipated or implied by such forward-looking statements. Any number of factors could affect actual results and events, including, without limitation: the ability of the Company to take advantage of expected synergies in connection with acquisitions; the actual operating results of stores acquired; the ability of the Company to integrate acquisitions into its operations; fluctuations in domestic and global petroleum and gasoline markets; changes in the competitive landscape of the convenience store industry, including gasoline stations and other non-traditional retailers located in the Company's markets; the effect of national and regional economic conditions on the convenience store industry and the markets we serve; the effect of regional weather conditions on customer traffic; financial difficulties of suppliers, including our principal suppliers of gas and merchandise, and their ability to continue to supply our stores; environmental risks associated with selling petroleum products; governmental regulations, including those regulating the environment; and acts of war or terrorist activity. Results actually achieved may differ materially from expected results included in these statements. The Company is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise. Furthermore, this Company cautions that the risk factors listed in this paragraph are not exhaustive.


Contact:
Petroleum Consolidators of America, Inc., West Palm Beach
David Cohen, 561-514-0198
info*petroleumconsolidators.com
www.petroleumconsolidators.com

--------------------------------------------------------------------------------
Source: Petroleum Consolidators of America, Inc.

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