Evolution Fuels to Pursue Listing On OTCQX Tier
Jul 22, 2009 11:31:55 (ET)
DALLAS, Jul 22, 2009 (GlobeNewswire via COMTEX) -- Evolution Fuels, Inc. (Pink Sheets:EVFL) (the "Company") today announced that it is applying for a listing on the premier tier of the U.S. over-the-counter market -- the OTCQX marketplace.
The Company's management believes that it is in the best interest of the Company and its shareholders to have and maintain the OTCQX listing in order to attract those investors who demand the quality control process and superior information transparency required at this tier.
In order for the Company to be considered for admission to the OTCQX tier it must meet several requirements, which include having audited financials as of the end of each of the two most recent fiscal years. Over the next few weeks the Company plans to take the steps necessary to meet such requirements.
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.
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SOURCE: Evolution Fuels, Inc.
Evolution Fuels, Inc.
Randy Hepler, Media & Investor Relations
866-765-4940
investors@evolution-fuels.com
