DALLAS, Oct. 27, 2009 (GLOBE NEWSWIRE) -- Evolution Fuels, Inc. (Pink
Sheets:EVFL) (the "Company") today announced that in addition to its evaluation
of fuel station locations for acquisition and/or leasing for its initial rollout
of Evolution Fuels retail stations, it is also considering the concept of
offering franchising arrangements to interested parties for certain locations in
its targeted geographical regions of Texas and Oklahoma, and eastward through
Louisiana, Arkansas, Mississippi, Alabama, and Florida.
Under the potential franchise arrangement, franchisees would gain the potential
benefit of the Company's ongoing efforts to effectively brand the "Evolution
Fuels" concept of fuel stations and convenience stores with a distinctive, high
visibility motif, availability and promotion of the use of renewable fuels,
onsite blending dispensers, and potential income tax credits of up to $50,000
through the U.S. Alternative Fuel Infrastructure Tax Credit Additional benefits
would include increased petroleum fuel purchasing power through economies of
scale, and the supply of the biofuel portion of the fuels from Evolution Fuels.
Per the Company's plan, the stations will offer renewable fuel blends at the
pump. The fuel dispensers are uniquely designed to blend petroleum fuels with
renewable fuels within the dispenser as the fuel is delivered into the vehicle.
The planned product offering includes E10 (10% ethanol blended with 90%
petroleum gasoline), E20, E30, and E85, as well as B20 (20% biodiesel blended
with 80% petroleum diesel).
The Company will begin accepting franchise applications by the end of the year
from those parties interested in participating in the vision of this brand of
fuel stations/convenience stores. Interested parties may contact the Company by
email to contact@evolution-fuels.com.
About Evolution Fuels, Inc.
The Company endeavors to market renewable transportation fuels at retail fuel
stations that will provide blends of ethanol ranging 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.
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CONTACT: Evolution Fuels, Inc.
Media & Investor Relations
Randy Hepler
866-765-4940
investors@evolution-fuels.com
