02/04/2010 // Press Release
Topeka Station to Commence Operations Within the Month
DALLAS, February 4, 2010 -- Evolution Fuels, Inc. (Pink Sheets: EVFN)
(the "Company") today announced, as part of its strategic alliance, it
has executed a second lease agreement with J&J Developments, Inc.
("J&J") for a fuel station located in Topeka, KS.
This
is the second station of what the Company anticipates will be a series
of locations leased from J&J. The station is located on a prime
intersection of Topeka that
experiences an average traffic count of over 25,000 vehicles per day.
This newly constructed fuel station/convenience store is strategically
located at the northeast corner of the intersection of S.E. Adams St
and S.E. 15th St, which serves as a major corridor within eastern Topeka.
The station has five Dresser Wayne multi-product blending dispensers
that will each provide E20 (20% ethanol/80% gasoline), E30, and E85
blended products, as well as regular and premium gasoline. There is
also a diesel dispenser that will offer a blended biodiesel product.
The
Company is in the process of re-imaging the station to the "Evolution
Fuels" brand in preparation of operations commencing before the end of
this month. This is the second station leased from J&J following
Evolution Fuels' lease of a fuel station in Manhattan, KS, which was announced on February 2, 2010.
The Company will summarize the terms of its leasing activities in its next quarterly financial filing.
As
part of its overall strategic plan, the Company has formed an alliance
with J&J, a premier commercial real estate developer with a strong
focus on fuel stations, convenience stores, and truck stop travel
plazas. This alliance extends Evolution's planned rollout region to
the state of Kansas, and helps to expedite the plan in other areas of the southwestern United States.
About Evolution Fuels, Inc.
Evolution
Fuels, Inc. endeavors to market renewable transportation fuels at
retail fuel stations that will provide superior quality fuels to
competing fuel stations by virtue of the blending capability within the
fuel dispensers at its stations and offering the blends at competitive
prices. The stations will offer ethanol/gasoline blends of fuel
including 10% ethanol/90% gasoline (E10), 20% ethanol/80% gasoline
(E20), 30% ethanol/70% gasoline (E30), and 85% ethanol/15% gasoline
(E85). The latter three blends are intended for flex-fuel vehicles,
although recent studies have shown that many legacy vehicles on the
road today may use E20 and E30 blends without incurring damage to the
engines or fuel systems. The Company's plan calls for the development
of a chain of renewable fuel stations in the southwestern and
southeastern United States that will
be a combination of "Evolution Fuels"-branded fuel stations/convenience
stores and western-motif truck stops modeled after 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.