02/08/2010 // Press Release
Another Topeka Station to Commence
Operations by the End of this Month
DALLAS, TX - February 8, 2010 — Evolution Fuels, Inc. (Pink
Sheets: EVFN) (the “Company”) today
announced that it has executed a third lease agreement with J&J
Developments, Inc. (“J&J”) for a fuel station located in Topeka,
KS.
Last week the Company announced an overall
strategic alliance with J&J; today’s announcement represents the
third station of what the Company anticipates will be a series of locations
leased from J&J. As in the two previously announced stations,
this station is located on a prime intersection of Topeka that experiences
an average traffic count of over 18,000 vehicles per day. This
location is strategically located in close proximity to both Interstate
470 and Interstate 70 and is surrounded by major retailers. The
station has four 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. 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.
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. This
is the third station leased from J&J following Evolution Fuel’s
leases of fuel stations in Topeka and Manhattan, KS, which were announced
last week.
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.
Investor Contact:
CSIR Group, LLC
Stacey Yonkus, Principal
212-386-7081
info@csirgroup.com