04/07/2010 // Press Release
DALLAS, TX April 7, 2010 — Evolution Fuels, Inc. (Pink
Sheets: EVFN) (the “Company”) today
announced that it has initiated the mailings of certificates of
Southwest
Resources, Inc. common stock to its shareholders pursuant to the
Company’s
previously announced stock dividend announcement dated February 25,
2010. Additional certificates held in the Depository and Trust
Company will be issued upon final approval from FINRA.
All dividend shares will
be “restricted” as defined under
the Securities Act of 1933. Rule 144 allows for the public resale
of restricted securities only if certain holding period and other
conditions
are satisfied. For example, generally Rule 144 permits non-affiliates
of an SEC-reporting company to resell restricted securities without
regard to Rule 144 volume, reporting or manner of sale limitations after
a period of six months. Further, it generally permits non-affiliates
of non-reporting companies to freely resell securities after a one-year
holding period. Southwest Resources, Inc. is a non-reporting entity.
However, there are additional complexities
and variables associated with Rule 144 and shareholders should evaluate
the specific circumstances of each proposed sale.
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, Pricipal
212-386-70181
info@csirgroup.com