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HIALEAH, Fla. -- Following the approval of its board of directors, Capital Oil & Gas Inc., operator of gas stations, c-stores and quick-service restaurants throughout Florida, will acquire and lease an additional 16 retail locations in the state.
"We are extremely pleased that our board of directors has finally realized that in this economy we have to grow or die, we need to expand our operations either internally or externally and they have agreed on our growth plan of acquisitions and we are ready, willing and able to do so," Ariel Rodriguez, president of Capital Oil & Gas, said in a statement. A call to the company for more information was unreturned by press time.
The sites include gas stations with c-stores and fast food operations, the company stated. The locations will add to the company’s balance sheet an estimated $385,826 per location per month in average gross revenues, according to the company.