PALM BEACH GARDENS, FL--(Marketwire - February 6, 2009) - Petroleum Consolidators of America, Inc. (PINKSHEETS: PCAI), a revenue-generating gasoline station/convenience store operator, has made several positive developments regarding its roll-up strategy, continued progress into the wholesale fuel supply segment and potential entrance within the oil and gas industry.

Overall, each development serves as a vertical integration within the PCAI Business Model which demonstrates further progress towards achieving our corporate goals.

The three major revenue streams targeted by the Company include:

(1) Retail gas stations with supported convenience stores (C-Stores).
(2) Wholesale fuel supply contracts from Company owned stores and outside
    operators.
(3) Oil production from existing producing wells.

Petroleum Consolidators announced in 2007 that, as part of its roll-up strategy, the Company expected to acquire at least six retail gasoline facilities. These six acquisitions were expected to generate $22 million in revenue and $2.3 million in income.

Although we did not acquire six retail sites, we successfully integrated two major acquisitions during the first two quarters of 2007, concurrently, seeking additional opportunities within the retail gasoline channel. Furthermore, we chose to reduce our exposure in calendar 2007 and 2008 with additional stores because of Federal Government mandates requiring UST (underground storage tank) replacement. The cost is extremely prohibitive, running into the hundreds of thousands of dollars, thus, creating an unnecessary financial burden on the company.

After taking the time to streamline operations, locate key facilities at bargain prices and clearly define the hurdles that plagued the retail gasoline / C-store business in 2007-2008, the acquisition strategy will now resume. Management believes that the Company could easily see an increase in numbers over the short and long-term periods through the implementation our proven business model.

As stated in 2007, the Company is focused on reaching its objective to acquire 50-60 stations over the next three years starting in 2009. Unlike other industries, the distressed economy has increased the number of targeted revenue-producing locations which, in turn, leads to an opportunistic market.

In reference to falling gas prices which may remain, David Cohen, President and CEO of Petroleum Consolidators, stated, "The falling price in gasoline is actually helping owners of gas stations because of lower credit card fees that operators are obligated to pay with their merchant accounts". The thought may be somewhat counterintuitive, but historical margins on gas are usually consistent.

"When gas comes down, you can make better margins," noted Cohen. "On a credit purchase, you have to pay a percentage, and when the total price is lower, you pay a smaller fee."

Regarding Petroleum Consolidators' migration into the Wholesale Fuel Supply field, PCAI has an advantage since it has already owned stations. We will continue to use a major oil company as a supplier, such as Valero, Exxon-Mobil, BP, etc. Now, we could use our own supply which will enhance our bottom line and provide cost efficiencies by delivering fuel to other related stations and stations within close proximity of ours.

Safe Harbor

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, the Company cautions that the risk factors listed in this paragraph are not exhaustive.