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LAZYDAYS AND GENERAL RV COMPLETE MESA, ARIZONA TRANSACTION

LAZYDAYS AND GENERAL RV COMPLETE MESA, ARIZONA TRANSACTION

TAMPA, Fla., May 23, 2025 /PRNewswire/ -- Lazydays Holdings, Inc. (NASDAQCM: GORV) ('Lazydays' or the 'Company') announced today that it has closed on the asset sale of its Mesa, Arizona location to General R.V. Center, Inc. ('General RV'). The companies expect to complete the remaining two divestitures in Longmont, Colorado and Fort Pierce, Florida in the coming weeks.
'Introducing General RV to a new state is always exciting, and we have appreciated the collaboration by the Lazydays team to help us achieve this,' said General RV CEO and third-generation family owner Loren Baidas. 'Having seen great success with our two Utah Supercenters, we are looking forward to leveraging what we've learned there to provide the premier customer service and expansive RV selection to our new and existing customers in Arizona.'
Ron Fleming, Interim CEO of Lazydays, said, 'We have completed our previously announced asset sale of our location in Mesa, Arizona to General RV. This transaction furthers our commitment to rightsizing our dealership footprint and continuing our operational turnaround plan. We are pleased with the expedient and smooth process and look forward to working with General RV to complete the remaining two divestitures.'
In the past three years, General RV has nearly doubled its number of Supercenters nationwide offering sales and service of thousands of RVs ranging from affordable travel trailers to luxury motorhomes. The third-generation family-owned company currently has more than 20 locations in eight states including Florida, Illinois, Ohio, Virginia, Utah, North Carolina, Pennsylvania and Michigan, where its corporate offices are located. This is General RV's first location in the state of Arizona.
About Lazydays
Lazydays has been a prominent player in the RV industry since our inception in 1976, earning a stellar reputation for delivering exceptional RV sales, service, and ownership experiences. Our commitment to excellence has led to enduring relationships with RVers and their families who rely on us for all of their RV needs.
Our wide selection of RV brands from top manufacturers, state-of-the-art service facilities, and an extensive range of accessories and parts ensure that Lazydays is the go-to destination for RV enthusiasts seeking everything they need for their journeys on the road. Whether you're a seasoned RVer or just starting your adventure, our dedicated team is here to provide outstanding support and guidance, making your RV lifestyle truly extraordinary.
Lazydays is a publicly listed company on the Nasdaq stock exchange under the ticker 'GORV.'
About General RV
Founded in Michigan in 1962, General RV Center is the nation's premier RV dealer. The company operates more than 20 full-service dealerships in Michigan, Illinois, Ohio, Virginia, Florida, Utah, North Carolina and Pennsylvania. Each location offers the largest selection of RVs for sale, state-of-the-art RV service facilities and retail RV parts and accessories. Visit GeneralRV.com for more information.
Forward Looking Statements
This press release includes 'forward-looking statements' within the meaning of the 'Safe-Harbor' provisions of the Private Securities Litigation Reform Act of 1995. Forward looking statements include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential future financing transactions and business strategy, and often contain words such as 'project,' 'outlook,' 'expect,' 'anticipate,' 'intend,' 'plan,' 'believe,' 'estimate,' 'may,' 'seek,' 'would,' 'should,' 'likely,' 'goal,' 'strategy,' 'future,' 'maintain,' 'continue,' 'remain,' 'target' or 'will' and similar references to future periods. Examples of forward-looking statements in this press release include, among others, the benefits of the potential transaction described herein and the future financial performance of the Company following such transaction.
By their nature, forward-looking statements involve risks and uncertainties because they relate to events that depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements in this press release. The risks and uncertainties that could cause actual results to differ materially from estimated or projected results include, without limitation, the ability of the parties to successfully close future transactions referenced herein (i.e. the sale of our Longmont, Colorado and Fort Pierce, Florida dealership assets), future economic and financial conditions (both nationally and locally), changes in customer demand, our relationship with, and the financial and operational stability of, vehicle manufacturers and other suppliers, risks associated with our indebtedness (including our ability to obtain further waivers or amendments to credit agreements, the actions or inactions of our lenders, available borrowing capacity, our compliance with financial covenants and our ability to refinance or repay indebtedness on terms acceptable to us), acts of God or other incidents which may adversely impact our operations and financial performance, government regulations, legislation and others set forth throughout under the headers 'Management's Discussion and Analysis of Financial Condition and Results of Operations' and 'Risk Factors' and in the notes to our financial statements, in our most recent Quarterly Report on Form 10-Q, Annual Report on Form 10-K and from time to time in our other filings with the U.S. Securities and Exchange Commission. We urge you to carefully consider this information and not place undue reliance on forward-looking statements. We undertake no duty to update our forward-looking statements, which are made as of the date of this release.
Contact
[email protected]
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Helium One Global Ltd Announces Galactica Project Update
Helium One Global Ltd Announces Galactica Project Update

Yahoo

time29 minutes ago

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Helium One Global Ltd Announces Galactica Project Update

Completion of Successful Drilling Campaign on Galactica-Pegasus Project and State-9 Flow Test Results and Gas Analysis Update LONDON, UNITED KINGDOM / / June 10, 2025 / Helium One Global (AIM:HE1), the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA ("the Galactica Project"), provides an update following the Blue Star Helium (ASX:BNL) ("Blue Star") announcement issued today regarding the Galactica Project. Highlights Successful completion of the 2025 Galactica development drilling programme; significantly advancing the Galactica-Pegasus helium and CO2 project Consistent positive results across all six wells in the programme confirms the production potential and near-term monetization opportunity Well results support finalizing the development plan and fast-tracking to commercial production Next steps include advancing the Galactica wells to initial production in Q4 2025, utilizing the planned processing facility State-9 flowed naturally during drilling and at Total Depth ("TD") Flow rate at State-9 since TD has increased to over 360 thousand cubic feet per day ("Mcfd") Projected Stabilized Flow Rates are 400 Mcfd to 500 Mcfd constrained to optimize production, with a maximum potential rate of 600 Mcfd Early samples return helium concentration of up to 1.52% (air-corrected) and 80.48% CO2 Lorna Blaisse, Chief Executive Officer, commented: "This has been a successful development campaign, with consistently good flow rates and helium concentrations within the expected ranges. We appreciate the efforts of Blue Star in driving this operation, and very much look forward to the next steps in bringing these wells online and targeting first production and cash flow in Q4 this year. We have a clear development plan in place for the construction of the processing facility, the tying in of the wells and the subsequent testing and commissioning to take us through to first production and are excited about the wider field development potential across the Galactica-Pegasus resource." Details of Galactica Drilling Programme The completion of this six well development programme is a key component of the broader Galactica-Pegasus development strategy; aimed at progressing the helium and CO2 discoveries to near-term commercial production. This programme has seen a systematic approach to developing the extensive Lyons Formation reservoir. The programme has delivered encouraging results, in line with expectations, consistently encountering good helium and CO2 concentrations in the target formation and demonstrating promising flow potential. The Galactica wells are summarized below: Next Steps: Finalizing Development Planning and Commercial Production Following the successful conclusion of the 2025 drilling campaign, the focus is now on advancing the Galactica development into initial commercial production from the Pinon Canyon Plant. This plant will be designed and operated by Cimarron Midstream (previously IACX Energy LLC) and will be installed close to the Jackson-31 well. Phase 1: Commercial Production from Pinon Canyon Plant (Target: Q4 2025) The primary target is to commence initial commercial helium production from the Pinon Canyon Plant. This will be achieved by tying in the initial group of producing wells to this helium and CO2 processing plant. Key activities to achieve this include: 1. Finalizing Plant Design: Engineering design studies for the Pinon Canyon Plant are advancing with flow data and gas analysis from the recently completed drilling campaign being integrated. The final design of the helium and CO2processing plant will be determined once all of the gas analysis and flow modelling has been completed. 2. Site Development: Civil works will commence at the approved Pinon Canyon Plant location once the final plant layout is determined. 3. Equipment Mobilization: Following site preparations, mobilization of the plant equipment to the Pinon Canyon site will be undertaken. 4. Well Tie-Ins and Compression: Tie-in of initial production wells, including any necessary well-site gas compression, will proceed alongside plant site civil works. 5. Commissioning: Upon completion of the Pinon Canyon Plant and individual well tie-ins, the plant will be tested and commissioned. This is subject to standard operational permits, environmental compliance, and final readiness assessments. This initial production phase is designed to provide early cash flow and invaluable operational data, which will be instrumental in optimizing full-field development plans for both the Galactica development and the broader Galactica-Pegasus Project. All production forecasts and commissioning timelines remain subject to a number of factors including: final engineering; regulatory approvals; equipment availability; and market conditions. Phase 2: Expanded Throughput and CO2 Monetization Following the successful commissioning and ramp-up of initial helium production from the Pinon Canyon Plant, Phase 2 will focus on increasing helium production and monetizing CO2 through the existing facilities. Increasing Helium Production: Expanding throughput at the Pinon Canyon Plant by drilling and tying-in additional production wells from the Galactica development area. 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Based on the future performance of the Pinon Canyon Plant and ongoing appraisal drilling success, the joint venture will also assess the potential for establishing a second processing facility at a new location to further develop the extensive resources within the Galactica-Pegasus Project area. Further updates will be provided to the market at key milestones during the development phase. State-9 Flow Test Results and Gas Analysis The State-9 well reached TD at 1,225 feet (373m) within the Upper Lyons Formation, encountering the Lyons Sandstone Formation at 1,165 feet (355m). As expected, no water was encountered during drilling of the Lyons Formation with wireline logs confirming the penetrated Lyons Sandstone Formation to be high-quality and gas saturated. Flow testing since TD has revealed increasing natural flow rates, reaching approximately 360 Mcfd to-date. Strong pressure build-up post-testing indicates high permeability and good reservoir communication. Based on the previous engineering study described below, and the observed flow rates, the projected stabilized flow rates constrained for production optimization are expected to be between 400 Mcfd to 500 Mcfd, with a maximum of 600 Mcfd. Initial laboratory analysis of gas samples from State-9 showed a helium concentration up to 1.52% (air-corrected) and 80.48% CO2 (and 17.69% nitrogen). The well has tested the far eastern extent of the Galactica project area. Understanding the flow potential and reservoir gas composition in this part of the field is key to defining the helium-CO2 development going forward. For further information please visit the Company's website: Contact Helium One Global Ltd Lorna Blaisse, CEO Graham Jacobs, Finance and Commercial Director +44 20 7920 3150 Panmure LiberumLimited (Nominated Adviser and Joint Broker) Scott Mathieson Nikhil Varghese +44 20 3100 2000 Zeus Capital Limited (Joint Broker) Simon Johnson Louisa Waddell +44 20 3829 5000 Tavistock(Financial PR) Nick Elwes Tara Vivian-Neal +44 20 7920 3150 Notes to Editors Helium One Global, the AIM-listed Tanzanian explorer, holds prospecting licenses across two distinct project areas, with the potential to become a strategic player in resolving a supply-constrained helium market. The Rukwa and Eyasi projects are located within rift basins on the margin of the Tanzanian Craton in the north and southwest of the country. These assets lie near surface seeps with helium concentrations ranging up to 10.4% helium by volume. All Helium One's licenses are held on a 100% equity basis. The Company's flagship southern Rukwa Project is located within the southern Rukwa Rift Basin in south-west Tanzania. This project is considered to be entering an appraisal stage following the success of the 2023/24 exploration drilling campaign, which proved a helium discovery at Itumbula West-1 and, following an extended well test, successfully flowed 5.5% helium continually to surface in Q3 2024. Following the success of the extended well test, the Company flowed significant quantities of helium to surface and filed a Mining License ("ML") application with the Tanzania Mining Commission in September 2024. The 480km2 ML has now been offered to the Company and was officially accepted in March 2025. The Company also owns a 50% working interest in the Galactica-Pegasus helium development project in Las Animas County, Colorado, USA. This project is operated by Blue Star Helium Ltd (ASX: BNL) and has successfully completed a six well development drilling campaign in H1 2025. The completion of the development programme is a key component of the broader Galactica-Pegasus development strategy; aimed at progressing the helium and CO2 discoveries to near-term commercial production. This programme has seen a systematic approach to developing the extensive Lyons Formation reservoir. The programme has delivered encouraging results, in line with expectations, consistently encountering good helium (up to 3.3% He) and CO2 concentrations in the target formation and demonstrating promising flow potential. The next steps will see the Galactica wells tied into initial production in Q4 2025. Helium One is listed on the AIM market of the London Stock Exchange with the ticker of HE1 and on the OTCQB in the United States with the ticker HLOGF. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. 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This Jaguar E-Type Restomod Hides a V-12 Secret
This Jaguar E-Type Restomod Hides a V-12 Secret

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This Jaguar E-Type Restomod Hides a V-12 Secret

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ZRS Management hits 100,000 apartment units
ZRS Management hits 100,000 apartment units

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ZRS Management hits 100,000 apartment units

This story was originally published on Multifamily Dive. To receive daily news and insights, subscribe to our free daily Multifamily Dive newsletter. In early May, ZRS Management, the No. 13-ranked operator on the most recent National Multifamily Housing Council Top 50 list, surpassed 100,000 units under management. The Orlando, Florida-based company becomes the 13th firm to pass the 100,000 threshold, according to this year's NMHC annual rankings. ZRS had one of the largest jumps on this year's list, jumping six spots and gaining almost 15,000 apartments from the previous year. ZRS operates almost 350 properties in eight states and the District of Columbia. Over the past decade, its portfolio has grown by approximately 70,000 units — a more than 200% increase. Over the last few years, the multifamily industry has seen several third-party operators, including Atlanta-based RangeWater Real Estate, cross the 100,000-unit threshold, as historically high levels of apartments are delivered and consolidation has hit the management business. In 2020, seven operators claimed more than 100,000 units on the NMHC Top 50. In 2015, only four firms had passed that threshold. For many companies, growth has come through acquisitions or absorbing portfolios of operators who want to exit the management business. For example, in February 2024, Atlanta-based Wood Partners transferred property management operations to Charleston, South Carolina-based Greystar. However, ZRS has avoided making acquisitions and expanded as its clients grew. 'That's really been the most unique part,' President and CEO Darren Pierce, who stepped into the top role at ZRS in January, told Multifamily Dive. 'With the consolidation that's happened in our industry on the third-party side and a lot of groups doing it through acquisition, our growth as an entire organization from day one has always been organic.' Hitting the 100,000 threshold elevates ZRS to being more of a national property management brand. Pierce credits strong retention among its 2,100 employees with fueling the firm's growth. '[Getting to 100,000 units] solely was just a compounding of good behaviors, a compounding of good client relationships and investing in our employees,' Pierce said. 'It's deal after deal coming in and being rewarded by the confidence from all of our owners. It's definitely been a nice milestone.' Though the transaction market has been slower over the last few years, ZRS has picked up management contracts from new clients, some of whom are developers that are keeping projects longer than they anticipated. 'Our growth has been on transactions, and when transactions are happening in our business, we are rewarded by our clients buying new deals,' Pierce said. 'And so a lot of the growth has also come through management changes — companies that have retained their asset, refinanced their asset, and are looking for a new management partner.' ZRS could see its numbers increase or decrease as its clients buy and sell. 'As the market starts to loosen up and our clients start to sell, we could easily drop below 100,000 or pick up some more and exceed 100,000,' Pierce said. 'We've never measured our success by how many units we've managed.' Click here to sign up to receive multifamily and apartment news like this article in your inbox every weekday. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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