United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended October 31, 2000
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OF 15(D) OR THE SECURITIES
EXCHANGE ACT OF 1934
Commission File Number 000-21825
STREICHER MOBILE FUELING, INC.
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Florida 65-0707824
------------------------ ----------------------------
(State of Incorporation) (IRS Employer Identification
Number)
2720 NW 55th Court, Fort Lauderdale, Florida, 33309
--------------------------------------------- ---------------------
(Address of principal executive offices) (Zip Code)
(954) 739-3880
------------------------------------------------
(Issuer's telephone number, including area code)
Check whether the issuer filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter period that the registrant was required requirements for the past 90
days. Yes [X] No [ ]
As of December 14, 2000, 2,712,600 shares of the issuer's common stock
were outstanding.
<PAGE>
STREICHER MOBILE FUELING, INC.
FORM 10-Q
INDEX
Form 10-Q Part and Item No.
---------------------------
<TABLE>
<CAPTION>
Part I-Financial Information
<S> <C> <C> <C>
Item 1. Unaudited Financial Statements
Consolidated Balance Sheets as of October 31, 2000 and January 31, 2000................3
Consolidated Statements of Operations for the three and nine months ended
October 31, 2000 and 1999..............................................................4
Consolidated Statements of Cash Flows for the nine months ended October 31,
2000 and 1999..........................................................................5
Notes to Consolidated Financial Statements.............................................6
Item 2. Management's Discussion and Analysis of Financial Condition and Results of
Operations.............................................................................7
Part II - Other Information
Items 1 - 6....................................................................................11
Signature Page.................................................................................13
</TABLE>
2
<PAGE>
STREICHER MOBILE FUELING, INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED BALANCE SHEETS
<TABLE>
<CAPTION>
ASSETS October 31, 2000 January 31, 2000
----------------------------------------------------------------- ---------------- ----------------
<S> <C> <C>
Current Assets:
Cash and cash equivalents .................................... $ 30,534 $ 874,972
Accounts receivable, net of allowance for doubtful accounts of
$77,300 and $111,600 respectively .......................... 9,660,305 9,587,686
Inventories .................................................. 379,429 434,871
Prepaid expenses and other current assets .................... 803,126 476,581
------------ ------------
Total current assets ....................................... 10,873,394 11,374,110
Property and Equipment:
Land ......................................................... 223,579 249,302
Leasehold improvements ....................................... 189,684 189,684
Fuel trucks and automobiles .................................. 14,662,007 12,280,350
Machinery and equipment ...................................... 986,552 956,980
Furniture and fixtures ....................................... 81,000 79,157
Construction in process ...................................... 316,925 1,328,113
------------ ------------
16,459,747 15,083,586
Less accumulated depreciation and amortization ............. (4,090,814) (3,098,177)
------------ ------------
12,368,933 11,985,409
Note receivable from related party .............................. 530,983 500,952
Other assets .................................................... 43,687 70,453
------------ ------------
Total assets ............................................... $ 23,816,997 $ 23,930,924
============ ============
LIABILITIES AND SHAREHOLDERS' EQUITY
-----------------------------------------------------------------
Current Liabilities:
Bank line of credit payable .................................. $ 7,904,476 $ 7,679,219
Current portion of long-term debt ............................ 2,661,750 1,560,893
Accounts payable ............................................. 3,052,163 3,058,460
Accrued expenses ............................................. 468,818 753,114
Customer deposits ............................................ 119,895 119,895
------------ ------------
Total current liabilities .................................. 14,207,102 13,171,581
Long-term Liabilities:
Long-term debt, excluding current portion .................... 6,079,606 6,470,171
------------ ------------
Total liabilities .......................................... 20,286,708 19,641,752
------------ ------------
Shareholders' Equity:
Preferred stock .............................................. -- --
Common stock ................................................. 27,126 27,104
Additional paid-in capital ................................... 5,574,272 5,651,500
Accumulated deficit .......................................... (2,071,109) (1,389,432)
------------ ------------
Total shareholders' equity ................................. 3,530,289 4,289,172
------------ ------------
Total liabilities and shareholders' equity ................. $ 23,816,997 $ 23,930,924
============ ============
</TABLE>
3
<PAGE>
STREICHER MOBILE FUELING, INC. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE AND NINE MONTH PERIODS ENDED
OCTOBER 31, 2000 AND 1999
<TABLE>
<CAPTION>
Three Month Period Nine Month Period
Ended October 31, Ended October 31,
------------------------------ ------------------------------
2000 1999 2000 1999
------------ ------------ ------------ ------------
<S> <C> <C> <C> <C>
Fuel sales and service revenues ........... $ 17,531,871 $ 14,356,610 $ 49,383,674 $ 36,177,875
Fuel taxes ................................ 5,419,376 6,126,540 16,604,081 17,552,929
------------ ------------ ------------ ------------
Total revenues ....................... 22,951,247 20,483,150 65,987,755 53,730,804
Cost of fuel sales and service ............ 16,609,874 12,686,250 46,832,146 31,610,675
Fuel taxes ................................ 5,419,376 6,126,540 16,604,081 17,552,929
------------ ------------ ------------ ------------
Total cost of sales .................. 22,029,250 18,812,790 63,436,227 49,163,604
Gross profit ......................... 921,997 1,670,360 2,551,528 4,567,200
Operating expenses ........................ 629,317 1,067,814 2,054,711 2,957,149
------------ ------------ ------------ ------------
Operating income ..................... 292,680 602,546 496,817 1,610,051
Loss on disposal of assets ................ (4,564) (12,012) (4,564) (15,397)
Interest expense .......................... (420,611) (302,227) (1,217,727) (804,874)
Interest and other income ................. 14,485 16,097 43,797 45,514
------------ ------------ ------------ ------------
Income (loss) before income taxes..... (118,010) 304,404 (681,677) 835,294
Income tax expense ........................ -- -- -- --
------------ ------------ ------------ ------------
Net income (loss) .................... $ (118,010) $ 304,404 $ (681,677) $ 835,294
============ ============ ============ ============
Basic income (loss) per share ............. $ (0.04) $ 0.11 $ (0.25) $ 0.32
============ ============ ============ ============
Diluted income (loss) per share ........... $ (0.04) $ 0.10 $ (0.25) $ 0.29
============ ============ ============ ============
Basic weighted average common shares
outstanding ............................ 2,712,600 2,655,699 2,712,600 2,606,568
============ ============ ============ ============
Diluted weighted average common shares
outstanding ............................ 2,712,600 3,177,739 2,712,600 2,841,469
============ ============ ============ ============
</TABLE>
4
<PAGE>
STREICHER MOBILE FUELING, INC, AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE NINE MONTH PERIODS ENDED OCTOBER 31, 2000 AND 1999
<TABLE>
<CAPTION>
2000 1999
----------- -----------
<S> <C> <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss) ..................................................... $ (681,677) $ 835,294
Adjustments to reconcile net loss to net cash used in operating
activities:
Loss on disposal of equipment ......................................... 4,564 15,397
Depreciation and amortization ......................................... 992,637 790,255
Provision for doubtful accounts ....................................... 67,500 55,000
Changes in operating assets and liabilities:
Increase in accounts receivable ..................................... (225,443) (3,717,940)
(Increase) Decrease in inventories .................................. 55,442 (138,292)
Increase in prepaid expenses and other current assets................ (326,546) (74,969)
(Increase) Decrease in other assets ................................. 26,766 (26,480)
Increase (Decrease) in accounts payable and accrued expenses ........ (290,592) 827,684
----------- -----------
Net cash used in operating activities ............................... (377,349) (1,434,051)
----------- -----------
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment ................................... (1,380,725) (1,524,569)
Proceeds from disposal of equipment ................................... -- 63,739
Advances on related party note ........................................ (30,031) (25,466)
----------- -----------
Net cash used in investing activities ............................... (1,410,756) (1,486,296)
----------- -----------
CASH FLOWS FROM FINANCING ACTIVITIES:
Net borrowings under line of credit ................................... 225,257 2,486,930
Borrowings under long-term debt ....................................... 2,041,449 4,434,675
Principal payments on long-term debt .................................. (1,331,157) (4,091,172)
Proceeds from issuance of common stock ................................ 8,118 336,690
----------- -----------
Net cash provided by financing activities ........................... 943,667 3,167,123
----------- -----------
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS...................... (844,438) 246,776
CASH AND CASH EQUIVALENTS, beginning of period ........................... 874,972 122,961
----------- -----------
CASH AND CASH EQUIVALENTS, end of period ................................. $ 30,534 $ 369,737
=========== ===========
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for-
Interest ............................................................ $ 1,205,424 $ 774,403
=========== ===========
Income taxes ........................................................ $ -- $ --
=========== ===========
</TABLE>
5
<PAGE>
STREICHER MOBILE FUELING, INC.
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
(1) NATURE OF OPERATIONS
The Company provides mechanized mobile fleet fueling and electronic
fuel management primarily to customers that operate large fleets of vehicles
(such as governmental agencies, utilities, major trucking lines, hauling and
delivery services, and national courier services). At October 31, 2000, the
Company had operations in Florida, Georgia, Tennessee, California and Texas.
(2) BASIS OF PRESENTATION
The consolidated financial statements include the accounts of Streicher
Mobile Fueling, Inc. and its wholly owned subsidiaries, Streicher West, Inc.,
Streicher Realty, Inc. and Mobile Computer Systems, Inc. All significant
intercompany balances and transactions have been eliminated in consolidation.
The unaudited consolidated financial statements included herein have
been prepared in accordance with the instructions to Form 10-Q and do not
include all the information and footnotes required by generally accepted
accounting principles; however, they do include all adjustments of a normal
recurring nature which, in the opinion of management, are necessary to present
fairly the results of operations of the Company for the interim periods
presented. Certain amounts have been reclassified to conform with current
quarter presentation. These interim financial statements should be read in
conjunction with the Company's audited financial statements and related notes
for the year ended January 31, 2000 included in the Company's Annual Report on
Form 10-K for the year ended January 31, 2000. The results of operations for the
interim periods presented are not necessarily indicative of the results to be
expected for the entire year.
(3) EARNINGS (LOSS) PER SHARE
Basic earnings per share are computed by dividing income available to
common shareholders by the weighted-average number of common shares outstanding
during the period. Diluted earnings per share are computed by dividing income
available to common shareholders by the weighted-average number of common shares
outstanding during the period increased to include the number of additional
common shares that would have been outstanding if the dilutive potential common
shares had been issued. The dilutive effect of outstanding options is reflected
in diluted earnings per share by application of the treasury stock method. For
loss periods, weighted average common share equivalents are excluded from the
calculation, as their effect would be antidilutive.
For the three and nine month periods ended October 31, 1999, options
and warrants to purchase 2,469,552 shares of common stock at prices ranging from
$3.00 to $7.63 were included in the computation of diluted earnings per share
because the option and warrant exercise prices were less than the average
market price of the common stock for the three and nine month periods. For the
three and nine month periods ended October 31, 1999, options and warrants to
purchase 200,000 shares of common stock at prices ranging from $9.30 to $9.49
were not included in the computation of diluted earnings per share because the
option and warrant exercise prices were greater than the average market price of
the common stock for the three and nine month periods. For the three and nine
month periods ended October 31, 2000 2,623,552 options and warrants ranging in
price from $3.00 to $9.49 were not included in the computation of diluted
earnings per share because the average market price of the common stock was less
than the exercise price.
6
<PAGE>
MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS
This Form 10-Q contains "forward-looking statements" which involve
risks and uncertainties. The Company's actual results could differ materially
from those in the forward-looking statements as a result of certain factors,
including those set forth under the caption "Certain Factors Affecting Future
Operating Results" in Item 7 of the Company's Annual Report in Form 10-K for the
fiscal year ended January 31, 2000. The following Management's Discussion and
Analysis of Financial Condition and Results of Operations should be read in
conjunction with the Company's financial statements and notes thereto included
elsewhere in this Form 10-Q and the above described factors set forth in the
Company's Form 10-K.
General
The Company derives all of its revenue from providing mobile fueling
services. Revenue is comprised principally of sales of gasoline and diesel fuel
and related delivery service charges. Cost of sales is comprised principally of
the cost of fuel and delivery costs (primarily payroll and equipment costs).
Included in both revenue and cost of sales are Federal and state fuel taxes,
which are generally paid by the Company when it pays for its fuel and are billed
by the Company to its customers upon billing for the related fuel and delivery
charges.
Results of Operations
Three Months Ended October 31, 2000 Compared to Three Months Ended
October 31, 1999
Revenues
Revenues for the three months ended October 31, 2000 increased 12.20%
to $23.0 million, compared to $20.5 million for the same quarter a year ago.
This increase was due to increases in the average wholesale price per gallon of
gasoline and diesel fuel, offset by declines in the volume of fuel delivered.
For the three months ended October 31, 2000, the Company delivered 14.6 million
gallons of fuel compared to 15.8 million gallons for the same quarter of the
prior year, a decrease of 7.59%. This decrease was due primarily to the loss of
several high volume customers in two of the Company's operating locations. The
Company's revenue levels will fluctuate based on the cost of fuel in a given
period. The Company's sales price to its customers is adjusted upward or
downward for increases or decreases in fuel costs each week. Significant changes
in revenue levels between periods are possible even if the volume of fuel
delivered remains relatively stable.
Gross Profit
Gross profit for the three months ended October 31, 2000 decreased
44.79%, to $922,000, compared to $1,670,000 for the same quarter a year ago.
This decrease was primarily due to declines in mobile fueling volumes delivered
and related margin declines and increases in depreciation and insurance costs
associated with the Company's expansion of its delivery fleet. The gross profit
per gallon on fuel delivered in the three months ended October 31, 2000 was 6.31
cents compared to a gross profit per gallon of 10.57 cents for the same period a
year ago.
Operating Expenses
Operating expenses for the three months ended October 31, 2000
decreased 41.10%, to $629,000 compared to $1,068,000 for the same quarter a year
ago. This decrease is primarily attributable to decreases in payroll and related
administrative costs and reductions of marketing related costs and
financial/public relations fees.
Interest Expense
Interest expense for the three months ended October 31, 2000 increased
39.40%, to $421,000, compared to $302,000 for the same quarter a year ago. This
increase was a result of increases in interest rates and increases in the
Company's outstanding borrowings for the purchase of additional equipment and to
provide funds necessary to support increases in revenues generated and the
related increases in accounts receivable.
7
<PAGE>
Income Taxes
The Company recognized no income tax benefit or expense for the three
months ended October 31, 2000 or 1999.
Net Income (Loss)
Net loss for the three months ended October 31, 2000 was $118,000 or
$.04 per share, compared to net income of $304,000 or $.11 per share for the
three months ended October 31, 1999. The decrease in net income is due to the
combination of factors discussed above.
Nine Months Ended October 31, 2000 Compared to Nine Months Ended October
31, 1999
Revenues
Revenues for the nine months ended October 31, 2000 increased 22.91% to
$66.0 million, compared to $53.7 million for the same period a year ago. This
increase was due to increases in the average wholesale price per gallon of
gasoline and diesel fuel. For the nine months ended October 31, 2000, the
Company delivered 44.6 million gallons of fuel and 44.6 million gallons for the
same period of the prior year. The Company's revenue levels will fluctuate based
on the cost of fuel in a given period. The Company's sales price to its
customers is adjusted upward or downward for increases or decreases in fuel
costs each week. Significant changes in revenue levels between periods are
possible even if the volume of fuel delivered remains relatively stable.
Gross Profit
Gross profit for the nine months ended October 31, 2000 decreased
43.48%, to $2.6 million, compared to $4.6 million for the same period a year
ago. This decrease was primarily due to declines in mobile fueling service
margins, higher procurement costs for fuel, which were not passed on to
customers, and increased depreciation and insurance costs associated with the
Company's expansion of its delivery fleet. The gross profit per gallon on fuel
delivered in the nine months ended October 31, 2000 was 5.72 cents compared to a
gross profit per gallon of 10.24 cents for the same period a year ago.
Operating Expenses
Operating expenses for the nine months ended October 31, 2000 decreased
30.00%, to $2.1 million, compared to $3.0 million for the same period a year
ago. This decrease is primarily attributable to decreases in payroll and related
administrative costs, decreases in marketing expenses and other costs and
decreases in financial/public relations fees.
Interest Expense
Interest expense for the nine months ended October 31, 2000 increased
49.07%, to $1.2 million, compared to $805,000 for the same period a year ago.
This increase is a result of increases in interest rates and increases in the
Company's outstanding borrowings for the purchase of additional equipment and to
provide the funds necessary to support increases in revenues generated and the
related increases in accounts receivable.
Income Taxes
The Company recognized no income tax benefit or expense for the nine
months ended October 31, 2000 or 1999.
Net Income (Loss)
Net loss for the nine months ended October 31, 2000 was $682,000 or
$.25 per share, compared to net income of $835,000 or $.32 per share for the
same period a year ago. The decrease in net income is due to the combination of
factors discussed above.
8
<PAGE>
Liquidity and Capital Resources
The Company's business requires it to expend considerable amounts of
funds for fuel, labor and equipment costs before any payments are received from
the Company's customers. The fuel purchased by the Company for resale to its
customers must generally be paid for within 10 to 15 days of purchase, labor
costs and related taxes are funded bi-weekly and equipment related costs are
generally satisfied within 30 days. The Company bills its customers weekly and
generally collects the majority of its accounts within 35 to 40 days. Days sales
outstanding at October 31, 2000 totaled 37 days as compared to 41 days sales
outstanding at October 31, 1999.
While the Company operated at a profit for fiscal year 2000, the
Company incurred a net operating loss of $363,000 in the fourth quarter of
fiscal 2000 and has continued to incur operating losses in fiscal 2001. Higher
fuel costs, costs associated with the Company's continued expansion of its
vehicle fleet, increases in interest rates, and decreases in mobile fueling
volumes and related margins have continued to affect operating results since
year end.
In response to the losses incurred, the Company has taken a number of
steps to improve its operating results by reducing operating costs. The steps
taken include:
o Evaluations of individual customer profitability, with price and
service frequency adjustments implemented for unprofitable accounts.
o Significant reductions in driver overtime wages as a result of route
restructurings and combinations.
o Significant reduction in the sales and marketing staffs, along with
related expenses and promotion costs.
o Other cost reductions, primarily in the general and administrative
cost area.
To the extent they have not already been completed, the implementation
of these actions is continuing.
The Company had outstanding borrowings of $7.9 million as of October
31, 2000 under its $10.0 million line of credit. This line permits the Company
to borrow up to 85% of the total amount of eligible accounts receivable. Based
on eligible receivables outstanding at October 31, 2000, the line was fully
drawn as of that date. Interest is payable monthly at 1.0% over the prime rate
(9.50% as of October 31, 2000). The line of credit matures on April 30, 2001 and
is secured by substantially all of the Company's assets. In November 2000, the
line of credit was modified to permit the Company to borrow up to 90% of the
total amount of eligible accounts receivable for a sixty day period commencing
December 1, 2000. At the conclusion of that period, the advance rate on eligible
receivables will revert to 85%. The Company and its lender also modified the
financial covenants related to the line of credit agreement to permit the
Company to be in compliance, as of October 31, 2000, with the tangible net worth
and debt to equity covenants.
On July 7, 2000, a director loaned the Company $200,000 pursuant to an
unsecured promissory note due July 7, 2001 or earlier on demand. The loan bears
interest at the prime rate of the Company's principal lender plus 2%.
On November 29, 2000 the Company received an additional $500,000 loan
from the same director. The loan is unsecured, provides for interest to be paid
monthly at the prime rate of the Company's principal lender plus 2% and is due
on January 31, 2001, provided the Company raises a minimum of $500,000 in a
private placement transaction. If the private placement transaction does not
raise the minimum of $500,000 by January 31, 2001, the entire loan balance will
be converted into common stock at the rate of $1.50 per share. If the private
placement is closed by January 31, 2001 and the minimum of $500,000 is raised,
the director has the option of having his loan repaid in cash or converting it
to common stock at $1.50 per share or the lowest per share purchase price of
common stock on the private placement, whichever is less. In connection with
this additional loan, the Company agreed to allow the director to convert his
original $200,000 loan into common stock on the same terms and conditions at any
time prior to July 31, 2001.
The Company's capital requirements have been and will continue to be
significant. At October 31, 2000, the Company's long-term debt to total
capitalization was 63.3%. The net loss of $682,000 for the nine month period
ended October 31, 2000 included $1.2 million of interest expense.
The Company is undercapitalized and to effectively operate in the
future will require additional equity capital financing. The Company is
presently undertaking a private placement of common stock in order to
strengthen its financial position. This equity infusion is necessary to allow
the Company to restore profitability to existing operations and to support
expansion into new markets in the future. While the Company believes that it can
raise additional capital on terms acceptable to the Company, it currently has no
definitive arrangements with any
9
<PAGE>
parties regarding such a transaction and there can be no assurance that any
additional equity financing will be available to the Company on acceptable
terms, or at all. If the Company is not able to raise additional equity capital,
the Company will be forced to limit its potential growth and may be required to
reduce its current level of operations.
A significant portion of the Company's outstanding debt bears interest
at variable interest rates. The Company's financial results will be impacted by
significant increases or decreases in interest rates.
10
<PAGE>
PART II. OTHER INFORMATION
ITEM 1
LEGAL PROCEEDINGS
None.
ITEM 2
CHANGES IN SECURITIES
None.
ITEM 3
DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4
SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
The Company held its Annual Shareholders Meeting on August 29, 2000.
The issues submitted to a vote of the security holders and the results of the
voting are as follows:
1) Proposal to elect five nominees to the Board of Directors
For Withheld
----------- -----------
Stanley H. Streicher 2,340,946 14,625
E. Scott Golden 2,345,946 9,625
Joseph M. Murphy 2,345,946 9,625
John H. O'Neil, Jr. 2,345,946 9,625
C. Rodney O'Connor 2,345,946 9,625
The Board consists of five directors. All nominees were
elected to serve for a one year period.
2) Proposal to ratify the appointment of KPMG, LLP as the
Company's independent certified public accountants
For Against Abstain
----------- --------- ---------
2,548,561 25 6,985
The proposal was approved.
11
<PAGE>
ITEM 5
OTHER INFORMATION
On November 9, 2000, Stanley H. Streicher, the Company's Founder and
Chairman agreed to forfeit stock options which entitled him to purchase 980,000
shares of common stock at a price of $6.00 per share.
On November 21, 2000 the Company announced the appointment of Richard
E. Gathright, as Chief Executive Officer and President. Gathright, who will also
be joining the Board of Directors, succeeds Stanley H. Streicher, the company
founder, who will remain Chairman of the Board of Directors but will not be
involved in the day to day operational management of the Company. Gathright, a
veteran of over 28 years in energy and energy related logistics businesses, will
be responsible for all Company management, operations and the design and
implementation of a corporate growth strategy to enhance shareholder equity
value. Most recently, Gathright was retained by senior management of domestic
and international energy companies as an advisor regarding operational and
financial matters. Previously, he was the President and Chief Operating Officer
of TransMontaigne Inc., a publicly owned company with over $5 billion in
revenues and $330 million in shareholder equity primarily providing logistical
services to major energy companies and Fortune 500 industrial customers. Prior
to that position, Gathright was the President and Managing Director - North
American Operations of Aberdeen Petroleum PLC, a British public company engaged
in international petroleum operations.
ITEM 6
EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits: Financial Data Schedule: Ex. 27
(b) Reports on Form 8-K: None
12
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
STREICHER MOBILE FUELING, INC.
December 14, 2000 By: /s/ Walter B. Barrett
--------------------------------------
Walter B. Barrett
Vice President, Finance and Chief
Financial Officer
13
<PAGE>
EXHIBIT INDEX
EXHIBIT NO. EXHIBIT DESCRIPTION
----------- -------------------
27 Financial Data Schedule
14
