|
Plan for Growth
SMF is aggressively pursuing growth and diversification through an acquisition strategy in order to increase shareholder value. Future acquisitions and business expansion are likely to include expanded product lines, services and geographical coverage within the lubricant/fuel/chemical/card lock/transportation logistics supply chain including:
- Packaging and distributing petroleum lubricants and related industrial products
- Bulk fuel deliveries
- Unmanned card locks refueling
- Truck to truck refueling
- Generator fuel sales and monitoring services
- Logistics management
- Terminal storage
- Chemicals distribution
Implementation of this diversification and acquisition strategy will require SMF to invest in further development of its infrastructure in order to add senior and line management personnel; undertake new sales and marketing initiatives ;introduce innovative services and new products; achieve greater operational efficiencies; and implement new systems, procedures and controls in its information technology and reporting to reduce costs and to rapidly and effectively integrate the anticipated acquisitions.
|