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Tuesday, September 01, 2009 2:18:05 PM
"On August 31, 2009, Evolutions Fuels was issued 2,000,000 shares of Evolution Resources, Inc. (ticker EVLN) from PATB,LLC in
exchange for management services to be provided to Evolution Resources and the assumption of a contingent liability from Evolution
Resouces by Evolution Fuels. The Company has estimated the total potential liability of the contingent liability to be less than
$200,000. As of August 31, 2009, the market value of Evolution Resources was $5 per share for a total amount of $10,000,000..
PATB, LLC is owned by Kit Chambers, Executive Vice President of Evolution Fuels and PATB owns stock in Evolution Resources,
Inc. In addition, on the same date, Evolution Fuels issued 400,000 shares of Series B Preferred Stock , par value $5 to PATB, LLC.
The total par value of the preferred shares was $2,000,000."
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