South Florida Better Business Bureau Reverses MyGallons' Rating After Meeting with Founder and CEO of Fixed Price Gas Savings Program

MIAMI, July 10 /PRNewswire/ -- Today the South Florida Better Business Bureau (SFBBB) announced that it has revised MyGallons' rating to NR after meeting with Steven Verona, Founder and CEO of the fixed price gas savings program. The SFBBB was presented with satisfactory evidence to prove that the company's "F" rating was unjustified.

"I'm encouraged by the meeting with the South Florida Better Business Bureau and pleased that they have revised the MyGallons rating. I anticipate earning an "A" rating once our new payment network is in place. We look forward to being back on track and giving the American consumer the program that they clearly desire," said Verona.

An excerpt from the "Comments & Analysis" section of the South Florida BBB's Company Report updated on July 10, 2008 reads:

"The Better Business Bureau challenged the company's advertising regarding their offer, and the company met with the Better Business Bureau on July 9, 2008 and has modified it claims. The company's merchant services provider, PowerPay, has assured the Bureau that membership fees processed by them on behalf of MyGallons.com customers have been placed in a non-interest bearing escrow account. As of this date Mygallons.com acknowledges it does not have a contract in place with a vendor who can process transactions with gas stations across the country, and they have suspended accepting membership fees. The Bureau will issue a new report as the company's evaluation continues."

The BBB's initial rating was influenced by false statements by US Bank denying any association with MyGallons. In contrast to US Bank's denial, Regan Hutton, a Senior Vice President for the US Bank Voyager Fleet System, confirmed that MyGallons was to use the Bank's payment network. His statement appears to contradict US Bank's position that there were no such agreements.

In a report titled "UPDATE: MYGALLONS TO HEDGE ALL GASOLINE RETAIL SALES ON NYMEX OTC" that was sent out on July 1, 2008 at 3:17:58 EDT, by Oil Price Information Service (OPIS), US Bank Senior Vice President Regan Hutton is quoted as saying: "MyGallons will have access to our network. We provide the backbone to their system."

Mr. Verona finds these new comments vindicating, "These statements show that US Bank was on board and ready to implement the program. MyGallons has always acted in good faith with the American public and I'm extremely disappointed that US Bank has harmed our efforts and delayed our service."

MyGallons has a signed agreement with GoGas Universal, an authorized reseller of the US Bank Voyager Fleet System, to use the Voyager payment network for the MyGallons program.

Earlier this week GoGas's national fleet director, Phil Dorroll, also confirmed the agreement and MyGallons has signed copies which it shared with the SFBBB.

Despite the admissions by Dorroll and Hutton, as well as the documents MyGallons has in its possession, US Bank refuses to honor the agreements and still insist there were none in place. MyGallons is working to secure a new payment system.

Headquartered in Miami, FL, MyGallons.com offers members the ability to protect themselves from rising gasoline prices by locking in the current price. Members are offered the opportunity to pre-purchase a quantity of gasoline at today's price and fill-up at the pump at a later date, regardless of how high the price at the pump may have risen. Please visit us at www.MyGallons.com

    Media Contact:
    Greg Salsburg
    561-386-8064
    greg@stir-communications.com