02/09/2010 // Press Release
DALLAS, TX - February 9, 2010 — Evolution Fuels, Inc. (Pink
Sheets: EVFN) (the “Company”) today
announced that it has executed a lease agreement with J&J Developments,
Inc. (“J&J”) for a truck stop located in Mountainburg, AR.
The truck stop, which will be operated
under the Company’s subsidiary, Legends Travel Centers, is located
at 901 Highway 282 SW in Mountainburg, which is just off of Interstate
540, approximately 20 miles south of Fayetteville, AR. Under the
terms of the lease, Evolution Fuels will assume operations of the truck
stop on February 15, 2010. The Company plans to re-image the truck
stop over the course of the next 30 days, and to offer a blend of biodiesel
at the truck fuel pumps as soon as possible.
This location adds the state of Arkansas
to its region of locations for the planned rollout of renewable fuel
stations over the next few months.
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 states of Kansas and Arkansas, and helps
to expedite the plan in other areas of the southwestern United States.
This is the fourth location leased from J&J following Evolution
Fuel’s leases of fuel stations in Topeka and Manhattan, KS, which
were announced last week and this 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