Taylor & Martin Grp., Inc.Common Stock (NYSE:TMG)
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TransMontaigne Inc. (TMG) (NYSE:TMG) today announced
that it has entered into a new seven-year Terminaling Services
Agreement with Valero Supply and Marketing Company, a subsidiary of
Valero Energy Corporation (NYSE:VLO), regarding approximately 1
million barrels of gasoline and distillate storage capacity throughout
its River Facilities. TMG will provide services to Valero and its
customers, including the receipt, storage, throughput, additive and
other injection services, blending and delivery of gasoline and
distillates. The Valero agreement will become effective April 1, 2006,
at the Cape Girardeau, Missouri; Evansville, Indiana; Greenville,
Mississippi; and Henderson, Owensboro and Paducah, Kentucky
facilities. Simultaneous with the effective date of the agreement, TMG
will transfer its gasoline and distillate inventories at these
locations to Valero. TMG's current gasoline and distillate customers
at these locations will continue to be supplied by TMG.
At its River Facilities, TMG will continue to provide terminaling
services for products other than gasoline and distillates, such as
Av-Gas, biodiesel, fertilizer, asphalt, various chemicals and
solvents, to 20 other customers.
TransMontaigne Inc. is a refined petroleum products marketing and
distribution company based in Denver, Colorado with operations in the
United States, primarily in the Gulf Coast, Midwest and East Coast
regions. The Company's principal activities consist of (i) terminal,
pipeline, and tug and barge operations, (ii) marketing and
distribution, (iii) supply chain management services and (iv) managing
the activities of TransMontaigne Partners L.P. (NYSE:TLP). The
Company's customers include refiners, wholesalers, distributors,
marketers, and industrial and commercial end-users of refined
petroleum products. Corporate news and additional information about
TransMontaigne Inc. is available on the Company's web site:
www.transmontaigne.com.
Valero Energy Corporation is a Fortune 500 company based in San
Antonio, with approximately 22,000 employees and annual revenues of
more than $80 billion. The company owns and operates 18 refineries
throughout the United States, Canada and the Caribbean with a combined
throughput capacity of approximately 3.3 million barrels per day,
making it the largest refiner in North America. Valero is also one of
the nation's largest retail operators with more than 5,000 retail and
branded wholesale outlets in the United States, Canada and the
Caribbean under various brand names including Valero, Diamond
Shamrock, Shamrock, Ultramar, and Beacon. Please visit www.valero.com
for more information.
FORWARD-LOOKING STATEMENTS
This press release includes statements that may constitute
forward-looking statements made pursuant to the safe harbor provision
of the Private Securities Litigation Reform Act of 1995. This
information may involve risks and uncertainties that could cause
actual results to differ materially from the forward-looking
statements. Although the Company believes that the expectations
reflected in such forward-looking statements are based on reasonable
assumptions, such statements are subject to risks and uncertainties
that could cause actual results to differ materially from those
projected.