CALGARY, Alberta, Feb. 24, 2020 (GLOBE NEWSWIRE) \u2014 Parkland Fuel Corporation (\u201cParkland\u201d) (TSX: PKI) announced today a multi-year agreement to strengthen its already extensive range of freshly prepared, high quality meal options by expanding its existing, long-standing relationship with Triple O\u2019s restaurants.<\/p>\n
This new and exclusive agreement builds on the success of Parkland\u2019s existing network of convenience stores which feature Triple O\u2019s in British Columbia. Importantly, it paves the way for more restaurants in British Columbia, as well as Triple O\u2019s entry into new and densely populated markets in Alberta and Ontario.<\/p>\n
\u201cWe look forward to working with Triple O\u2019s to expand their presence in BC and launch their high-quality food brand and award-winning menu into Alberta and Ontario,\u201d said Ian White, Parkland\u2019s Senior Vice President of Strategic Marketing and Innovation. \u201cAs part of our organic growth strategy, our goal is to include a high-quality food offering in every new and retrofitted On the Run convenience store.\u201d<\/p>\n
The combination of Parkland\u2019s powerful network of fuel brands, accompanied by Triple O\u2019s freshly prepared, high-quality, breakfast, lunch, dinner and snack options strongly complement Parkland\u2019s already extensive food offering and is a natural, differentiated extension to its On the Run convenience store brand.<\/p>\n
\u201cThis is an exciting day for the Triple O\u2019s family,\u201d said Warren Erhart, President of White Spot Hospitality. \u201cWe have a longstanding and successful partnership with Parkland in British Columbia and look forward to expanding on this success in new markets. With consumers\u2019 evolving needs for convenience and premium quality food, it is with great pride and passion that we are now able to share our delicious and craveable taste of Triple O\u2019s with our signature burgers, fresh-cut Kennebec fries and hand-scooped milkshakes, to so many more Canadians. Simply put, Triple O\u2019s offers a taste like no other!\u201d<\/p>\n
Forward-Looking Statements<\/strong> These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These forward-looking statements speak only as of the date of this news release. Parkland does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities law. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks and uncertainties including, but not limited to, general economic, market and business conditions; industry capacity; competitive action by other companies; the ability of suppliers to meet commitments; actions by governmental authorities and other regulators; changes and developments in regulations; and other factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described in \u201cForward-Looking Information\u201d and \u201cRisk Factors\u201d included in Parkland\u2019s Annual Information Form and in \u201cForward-Looking Information\u201d and \u201cRisk Factors\u201d in Parkland\u2019s quarterly MD&A, each as filed on SEDAR and available on the Parkland website at\u00a0www.parkland.ca<\/a>.<\/p>\n About Parkland<\/strong><\/p>\n Parkland is an independent supplier and marketer of fuel and petroleum products and a leading convenience store operator. Parkland services customers across Canada, the United States, the Caribbean region and the Americas through three channels: Retail, Commercial and Wholesale. Parkland optimizes its fuel supply across these three channels by operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings in the communities it serves.<\/p>\n Parkland creates value for shareholders by focusing on its proven strategy of growing organically, realizing a supply advantage and acquiring prudently and integrating successfully. At the core of our strategy are our people, as well as our values of safety, integrity, community and respect, which are embraced across our organization.<\/p>\n
\nCertain statements contained in this news release constitute forward-looking information and statements (collectively, \u201cforward-looking statements\u201d). In particular, this news release contains forward-looking statements with respect to, among other things, strengthening the range of freshly prepared meal options, expanding Parkland\u2019s relationship with Triple O\u2019s; expansion of Triple O\u2019s presence in British Columbia, Alberta and Ontario; including a good offering in every new and retrofitted On the Run convenience store; statements related to operational efficiency; business objectives and growth strategies.<\/p>\n