09/04/2009 // Press Release
DALLAS, Sept. 4, 2009 (GLOBE NEWSWIRE) -- Evolution Fuels, Inc. (Pink Sheets:EVFL - News)
(the "Company") today announced that it has met the requirements for,
and has been moved to the Pink Sheets' highest tier, "Current
Information."
"We have worked diligently to bring our status
to the Current Information tier so that we may maximize the value of
our shares as we move forward with our business plan over the next
several months," stated Dennis McLaughlin, CEO of Evolution Fuels.
A Pink Sheets status of "Current Information" indicates
that Evolution Fuels makes its current information publicly available
through the OTC Disclosure and News Service pursuant to the Pink OTC
Markets Manual: Guidelines for Providing Adequate Current Information.
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.