November 14, 2008

Capital Oil & Gas Enters into Negotiations to Acquire 20 Mel’s Pizza Locations

Capital Oil & Gas, which operates retail filling stations, convenience stores and fast food operations, has entered into intense negations with Mel's Pizza to acquire and develop 20 new locations.

Capital Oil & Gas has retained Alpiza Construction to evaluate and design the first two locations in Kendal Lakes and Miami Gardens in Florida.

Ariel Rodriguez, president of Capital Oil & Gas, said: "The company expects and believes that these additional locations will add significant revenue towards its bottom line, as they are a well-recognized brand in the Florida market and the demand for pizza has increased with the economic downturn."