09/08/2009 // Press Release
DALLAS, Sept. 8, 2009 (GLOBE NEWSWIRE) -- Evolution Fuels, Inc. (Pink Sheets:EVFL - News)
(the "Company") today announced that it has filed a "Supplemental
Information" filing which can be found on the Pink Sheets OTC Markets
website (www.pinksheets.com) under "Filings" for Evolution Fuels.
In the filing, the Company describes recent changes regarding the
status of certain litigation, including the award of a judgment in the
amount of $1,097,211.20. The judgment reflects the fact that the
Company now has the resources to pursue claims it has against other
third parties, the fact that the statute of limitations has not expired
for these claims, and the fact that legal counsel has advised that the
Company has the merits to pursue these claims.
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.