SMF Names O'Connor Chairman; Larry Mulkey Stepped Down

SMF ENERGY CORPORATION

today announced that its Board of Directors has appointed Soneet Kapila of Kapila & Company, Ft. Lauderdale, Florida, as its Chief Restructuring Officer.  Mr. Kapila will direct the Company's previously announced determination to implement strategies to increase revenues and reduce expenses required by the recent decision to change the Company's pricing structure.  In light of Mr. Kapila's appointment as CRO, which includes, on an interim basis, the authority of the Chief Executive Officer, Steven R. Goldberg has stepped down as the Company's President and CEO but will remain on the board of directors.  Mr. Goldberg has also been engaged to assist the Company in its pursuit of strategic alternatives, including potential business combinations and the development of new business partnerships.