For Immediate Release

 

Media Contact:   Jack Wilkie

                           515-457-6306

 

                         Amy Levin

                         847-971-8621

 

West Des Moines, IA, August 3, 2007—Kum & Go, one of the nation’s leading convenience store chains, announced today that it has retained The Energy Exchange of Chicago to coordinate a sealed bid auction of twenty-one Kum & Go stores and twelve surplus sites.

 

Seven of the twenty-one operating locations are in Des Moines; three are in Wichita and eleven in Omaha. Eleven of the surplus sites are in Iowa, including Waterloo and Cedar Rapids, and one is in Omaha.

 

The twenty-one operating locations that will be divested are either outside of Kum & Go’s core markets, or are not large enough to consistently deliver the products that Kum & Go’s newer locations offer.

 

Kum & Go’s business plan calls for an increase in the number of convenience stores in its core markets, while developing more and better efficiencies in its infrastructure as well as creating a stronger asset base.

 

“Our company is committed to carefully-planned, strategic growth,” said Kum & Go, L.C. President and CEO Kyle J. Krause. “The sale of these properties is based on our desire to consolidate and strengthen our asset base and offer a consistent brand to our customers in all of our markets.”

 

Kum & Go, (see www.kumandgo.com) which will be celebrating its 48^th anniversary on September 1^st, is a privately held company with 450 corporately owned and operated stores in 13 states. The West Des Moines, Iowa based company is the seventh largest privately held convenience store chain in the United States.

 

According to Mark Raccuia, Executive Vice President of The Energy Exchange, “This sale offers a unique opportunity for jobbers as well as individual owner operators to walk into these profitable modern convenience stores and run their own business.”

 

Bidders may bid on one, some, or all of the stores. The bid deadline is Tuesday, September 18, 2007. To obtain a list of the stores contact The Energy Exchange in Chicago at 866-906-7499. The Energy Exchange is a commercial real estate firm specializing in the sale of service stations and convenience stores nationwide.