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Matrix’s Energy & Multi-Site Retail Team to Manage Sale of Convenience Store Chain in the Southeast

RICHMOND, VA – February 21, 2007 – A leading petroleum marketing, distribution, and convenience store company in the Southeastern U.S. is offering to sell forty-six (46) convenience stores through a structured sale process to be managed by Matrix Capital Markets Group, Inc. The stores are located at prime traffic locations in Florida (18 stores), the greater Atlanta area (14), eastern Tennessee (9), western Virginia (4), and West Virginia (1). Currently, six (6) of the stores are company-operated, twenty-one (21) are operated by commissioned dealers, fourteen (14) are operated by full dealers, two (2) are operated by non-commissioned dealers, one (1) is leased without a supply contract, and two (2) are vacant. However, thirty-five (35) of the currently dealer-operated stores can be converted to company-operated (buyer-operated) stores by the purchaser, if the buyer chooses to do so. In most cases, the sale of the property is subject to the dealer’s right of first refusal.

All of the stores offer motor fuels, primarily Citgo, Valero, Exxon, and Sunoco branded fuels, and all of the stores offer traditional convenience merchandise items. Forty-three (43) of the stores are being sold with the real estate and three (3) are subject to leases.

In 2006, the stores sold a total of approximately 29,000,000 gallons of motor fuels. The stores in Florida sold approximately 1,120,000 motor fuels gallons per store. The stores in the Atlanta market and eastern Tennessee sold approximately 500,000 gallons of motor fuels per store. The average store size and lot size is 1,800 square feet and 1.00 acre, respectively. Ten (10) of the stores include car wash facilities, and thirteen (13) stores have either full service delis or quick-serve restaurants. Also, five (5) of the stores have additional retail tenant leases. The stores present an excellent business opportunity for an individual or strategic buyer looking to maximize convenience retail opportunities in the Southeast.

The sale of these stores is governed by formal sale procedures, which are available upon request from Matrix. Offers can be submitted on individual stores, groups of stores, or for all of the stores. A live auction for the sale of the stores has been set for April 24, 2007; however, the Company will consider and accept preemptive sealed bids made prior to the auction and bidders are encouraged to consider making preemptive sealed bids. The deadline for preemptive bids is April 13, 2007.

To receive offering materials and for mo re information on the stores and the sale process, please visit Matrix’s website – www.matrixcapitalonline.com – and click on the “Sale of Stores in the Southeast” link or contact:

Cedric Fortemps – 804.591.2039 – cfortemps@matrixcmg.com
Vance Saunders – 804.591.2037 – vsaunders@matrixcmg.com

Matrix’s Energy and Multi-Site Retail Group is recognized as the national leader in providing transactional advisory services to companies in the energy and multi-site retail sectors. Team members are dedicated to these sectors and draw upon complementary experiences to provide advisory services to complete sophisticated merger and acquisition transactions, private debt and equity raises, corporate restructurings, and corporate valuation and long term planning engagements.

About Matrix Capital Markets Group
Matrix Capital Markets Group is a leading middle market investment bank headquartered in Richmond, Virginia. Since 1988, Matrix has focused on providing merger & acquisition and financial advisory services for corporate and privately-held companies, including sales and divestitures, Staged Liquidity Transactions®, management buyouts, and debt & equity placements.