1st Propane And Liberty Tank Reach Agreement

Liberty Tank and Vessel, of California and Ohio, and 1st Propane Franchising, Inc., of Rancho Murieta, California, announced today the signing of a domestic tank purchase agreement. The agreement provides for 1st Propane franchises to purchase up to 100,000 new domestic sized propane tanks over the next 5 years.

"Liberty has demonstrated excellent quality control and aggressive pricing, so when we undertook the search for a supplier to provide dependable, high quality production of domestic sized propane tanks for our expansion program, Liberty was the logical choice, " says Bill Thacher, CEO of 1st Propane Franchising. "We are excited the quality of the operations and active marketing programs supported by the 1st Propane franchise network. We look forward to working with their franchises, and participating in the expansion of their program," say Liberty Tank and Vessel partners Greg Perasso and Gary James. Liberty Tank and Vessel, with corporate offices in Lakehead, California, and Marysville, Ohio, serves the LP-Gas industry with a diversified range of products, including domestic propane tanks, cylinders, bulk storage tanks, valves, fittings, pumps, meters and maintenance supplies and equipment. 1st Propane Franchising operates the only franchise program available for bulk propane marketing. Founded in 1997, 1st Propane has developed proprietary training, marketing and software systems to service its franchises. The company recently completed a round of private equity financing and is undertaking an aggressive national expansion of their franchise program

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