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We believe that the information contained in our press releases and videos is accurate at the time such information is first posted on our website.  We have not undertaken any responsibility to update this information, however, and you should not assume that it is accurate at any time subsequent to the time it is first posted on our website. 


Any statements in our press releases or videos that are not statements of historical fact are forward-looking statements.  Forward-looking statements reflect our current expectations regarding future events, results or outcomes.  These expectations may or may not be realized.  Some of these expectations may be based upon assumptions or judgments that prove to be incorrect.  In addition, our business and operations involve numerous risks and uncertainties, many of which are beyond our control, which could result in our expectations not being realized or otherwise materially affect our financial condition, results of operation and cash flows.  Additional information regarding these and other risks is contained in our filings with the Securities and Exchange Commission.


 
ALON USA CLOSES ACQUISITION OF 102 CONVENIENCE STORES
Jun 29, 2007
 

 

Alon USA Closes Acquisition of 102 Convenience Stores

DALLAS, June 29 /PRNewswire-FirstCall/ -- Alon USA Energy, Inc. (NYSE: ALJ) ("Alon") today announced that it has closed its acquisition of Skinny's, Inc., a privately held Abilene, Texas-based company that owned and operated 102 FINA branded stores in Central and West Texas. The purchase price was approximately $70 million, subject to post-closing adjustments.

Jeff Morris, President and CEO of Alon, said, "At Alon, everything we do revolves around achieving our strategic objectives. By adding these 102 retail stores we continue to build on our objective to expand the physical integration of our Big Spring refinery. Over the next few months, we will be converting these stores to the 7-Eleven brand, thereby solidifying our leadership position as the largest 7-Eleven licensee in the United States. We look forward to welcoming the Skinny's family, knowing that with their help we will make a successful transition."

Alon USA Energy, Inc., headquartered in Dallas, Texas, is an independent refiner and marketer of petroleum products, operating primarily in the South Central, Southwestern and Western regions of the United States. The Company owns and operates four sour and heavy crude oil refineries in Texas, California and Oregon, with an aggregate crude oil throughput capacity of approximately 170,000 barrels per day. Alon markets gasoline and diesel products under the FINA brand name and is a leading producer of asphalt. Alon also operates more than 300 convenience stores in West Texas and New Mexico under the 7-Eleven and FINA brand names and supplies motor fuels to these stores from its Big Spring refinery. In addition, Alon supplies approximately 900 additional FINA branded locations.

 Any statements in this press release that are not statements of historical
fact are forward-looking statements. Forward-looking statements reflect Alon's
current expectations regarding future events, results or outcomes, including
Alon's expectations regarding the anticipated benefits of the Skinny's, Inc.
transaction. Such statements are based upon current beliefs and expectations
of Alon's management and are subject to risks and uncertainties, some of which
are beyond Alon's control, which could result in Alon's expectations not being
realized. Actual results could differ materially from those expressed in the
forward-looking statements contained in this press release because of a
variety of factors. Additional factors that may affect the future results of
Alon are set forth in Alon's filings with the Securities and Exchange
Commission.

    Contacts:  Claire A. Hart, Senior Vice President
               Alon USA Energy, Inc.
               972-367-3649

               Investors:  Jack Lascar/Sheila Stuewe
               DRG&E / 713-529-6600

               Media:  Blake Lewis
               Lewis Public Relations
               214-269-2093
               Ruth Sheetrit
               SMG Public Relations
               011-972-547-555551


SOURCE  Alon USA Energy, Inc.
    -0-                             06/29/2007
    /CONTACT:  Claire A. Hart, Senior Vice President of Alon USA Energy, Inc.,
+1-972-367-3649; or investors, Jack Lascar or Sheila Stuewe, both of DRG&E,
+1-713-529-6600, for Alon USA Energy, Inc.; or media, Blake Lewis of Lewis
Public Relations, +1-214-269-2093, for Alon USA Energy, Inc.; or Ruth Sheetrit
of SMG Public Relations, 011-972-547-555551, for Alon USA Energy, Inc./
    CO:  Alon USA Energy, Inc.; Skinny's, Inc.
ST:  Texas
IN:  OIL REA
SU:  TNM

DA-AM
-- LAF049 --
8515 06/29/2007 16:15 EDT http://www.prnewswire.com

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