Streicher Mobile Fueling, Inc. Announces 15,000,000 Gallon Increase in Annualized New Business.

Business Editors

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--July 2, 2001

Streicher Mobile Fueling, Inc. (NASDAQ: FUEL and FUELW), a value added outsourcing refueling services provider to operators of vehicle fleets and fuel tankage and storage facilities, today summarized progress to date under new management.

-- Since the beginning of its current fiscal year on February 1, 2001 SMF's new
business development program has added an annualized net increase of 4,800,000
gallons of petroleum products sold and delivered in its mobile fueling "wet
hosing" operations. This core activity taking place primarily at night is now
being complemented by new bulk fuel deliveries during daytime hours of
10,600,000 gallons. During its last fiscal year ended January 31, 2001 SMF
delivered 57,600,000 gallons of fuel most of which were by wet hosing. The
initial ramp up of bulk fuel deliveries is in California where SMF services
provided to a major refiner are anticipated to grow the annualized bulk volume
to approximately 30,000,000 gallons. The incremental wet hosing and bulk
delivery volumes is expected to significantly increase the overall utilization
of the SMF truck fleet and reduce both variable and fixed costs per gallon of
fuel delivered.

-- SMF is the industry leader in mobile fueling of environmentally friendly
alternative fuels such as ultra-low sulfur diesel, bio-diesel and ethanol. As
the most experienced and knowledgeable provider of these fuels to both the
public and business sectors, SMF has gained recognition for its capabilities in
this rapidly growing market segment. On June 28, 2001 Tim Koshollek, SMF Vice
President of Marketing and Sales, was a guest speaker at the Southeastern
Electric Exchange Conference of utility companies on the use and operating
advantages of bio-diesel, oxy-diesel and E-85 ethanol-gasoline blend as
alternative fuel solutions to EPACT compliance requirements. Well received by
the attendees, the presentation provided a clear indication of the depth of
SMF's understanding of contemporary fueling programs which are major
opportunities being targeted by SMF.

About Streicher Mobile Fueling, Inc.

SMF provides cost effective mobile fueling and fuel management services, primarily to customers operating large fleets of vehicles and equipment. SMF's specialized truck fleet delivers fuel to customers' locations, refueling vehicles and equipment and/or resupplying storage facilities at competitive fuel prices and service fees. A proprietary electronic fuel system is used to measure, record, and track fuel dispensed to each vehicle and tank fueled at a customer location allowing verification of the amount of fuel delivered and providing customers with customized fleet fuel data for management analysis and tax reporting. SMF currently has 109 mobile fueling trucks in operation from 16 locations in 5 states.

Forward Looking Statements

This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. This information may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Although management believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.