Breaking News
South Florida Better Business Bureau updated MyGallons' rating after meeting with Founder and CEO of fixed price gas savings program
Additionally, despite prior denials, US Bank's Voyager Fleet Systems Senior Vice President during an on the record interview stated that MyGallons was to use the bank's payment network.Miami, FL—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, 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
GOGAS UNIVERSAL ACKNOWLEDGES MYGALLONS HAD AGREEMENTS IN PLACE TO UTILIZE US BANK'S VOYAGER FLEET SYSTEMS FOR ITS FIXED PRICE GAS SAVINGS PROGRAM
ADMISSION COMES AFTER US BANK REFUSES TO HONOR AGREEMENTS(July 7, 2008) Miami, FL—Phil Dorroll, National Fleet Director of GOGAS Universal, acknowledged today that MyGallons had agreements in place to utilize the Voyager Fleet System for its fixed price gas savings program. Dorroll's acknowledgement comes after US Bank, which owns Voyager, refused to honor the agreements between GOGAS and MyGallons. GOGAS is an authorized reseller of Voyager. When the MyGallons program was tested through Zenacon LLC, the research and development company lead by MyGallons Founder and CEO, Steven Verona, it successfully utilized the Voyager Fleet System. On Friday, June 27, 2008, Verona, on behalf of MyGallons LLC, and Dorroll, on behalf of GOGAS Universal, signed a new agreement in which MyGallons agreed to use GOGAS as its sole provider of fuel card services for a period of 2 years.
"GOGAS had agreements in place with Zenacon LLC and MyGallons, LLC in order to provide support for the MyGallons program through the use of the Voyager payment processing network," said Mr. Dorroll. "We believe Steven Verona to be a man of integrity and honesty based on our dealings with him. We are sorry that MyGallons and their launch have been harmed by the release of incorrect information and confusing statements resulting in negative press. GOGAS apologizes for any actions that may have resulted in any release of this incorrect information. MyGallons should be applauded for their ability to develop a program that is so positive for American drivers."
Although US Bank has gone on the record to deny that agreements had been made, MyGallons has copies of the agreements that show that there was clearly a relationship between the company and GOGAS, an authorized reseller of US Bank's Voyager Fleet Systems and that the bank was aware of the program.
"I want to thank GOGAS for setting the record straight and addressing the false assertion that there were no agreements in place," said Verona. "MyGallons is committed to providing current and prospective members with safe and reliable access to affordable gasoline prices and we look forward to announcing a new partner soon."
The false assertions caused the Better Business Bureau of South Florida to issue a negative report on the gas savings program and MyGallons fully expects them to correct any of the previous statements and reports which were partially based on the incorrect information provided to them.
Since last week's announcement, MyGallons has received intense interest from people who are looking for a reliable and efficient way to protect themselves from the rising price of gas. The MyGallons' staff, led by Verona, has been working to secure a new vendor and an announcement is expected this week. "I'm thrilled by the response we have gotten from people throughout this country who see MyGallons as a credible solution to dealing with the rising cost of gas," said Verona. "The fact that US Bank refuses to honor the agreements made by an authorized reseller will not derail our company and our ability to meet the needs of our members and American consumers." For more information, log on to www.MyGallons.com.
About the Company
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 purchase a quantity of gasoline at today's price and fill-up at the pump at anytime in the future, regardless of how high the price at the pump may have risen. Please visit us at www.MyGallons.com.