07/22/2009 // Press Release
DALLAS, July 22, 2009 (GLOBE NEWSWIRE) -- Evolution Fuels, Inc. (Pink Sheets:EVFL - News;
the "Company") today announced that it is applying for a listing on the
premier tier of the U.S. over-the-counter market -- the OTCQX
marketplace.
The Company's management believes that it is in the
best interest of the Company and its shareholders to have and maintain
the OTCQX listing in order to attract those investors who demand the
quality control process and superior information transparency required
at this tier.
In order for the Company to be considered for admission to the
OTCQX tier it must meet several requirements, which include having
audited financials as of the end of each of the two most recent fiscal
years. Over the next few weeks the Company plans to take the steps
necessary to meet such requirements.
About Evolution Fuels, Inc.
The Company endeavors to market renewable transportation fuels
at retail fuel stations that will provide blends of ethanol from 10% to
85% (E10 to E85), and biodiesel blends from 5% to 20% (B5 to B20). The
Company's plan calls for the development of a chain of renewable fuel
stations that extend from Texas to Mississippi that will be a
combination of "Evolution Fuels"-branded fuel stations/convenience
stores and western-motif truck stops modeled after the Willie's Place
Truck Stop in Carl's Corner, TX. The Company's Web site is www.evolution-fuels.com.
Forward-Looking Statements Disclosure
This press release may contain "forward-looking statements" within the
meaning of the federal securities laws. In this context,
forward-looking statements may address the Company's expected future
business and financial performance, and often contain words such as
"anticipates," "believes," "estimates," "expects," "intends," "plans,"
"seeks," "will," and other terms with similar meaning. These
forward-looking statements by their nature address matters that are, to
different degrees, uncertain. Although the Company believes that the
assumptions upon which its forward-looking statements are based are
reasonable, it can provide no assurances that these assumptions will
prove to be correct. In connection with the "safe harbor" provisions of
the federal securities laws, including the Private Securities
Litigation Reform Act of 1995, important factors that, among others,
could cause or result in actual results and experience to differ
materially from the Company's anticipated results, projections, or
other expectations are disclosed in the Company's filings with the
Securities and Exchange Commission. All forward-looking statements in
this press release are expressly qualified by such cautionary
statements, risks, and uncertainties, and by reference to the
underlying assumptions.