DALLAS, July 8 /PRNewswire-FirstCall/ -- Evolution Fuels,
Inc. (Pink Sheets: EVFN) (the "Company") today announced it has
retained Bloomfield Advisors to assist the Company in structuring
and financing certain of its current projects, and in identifying
strategic partners as the Company proceeds toward its corporate
objectives.
The Company believes that Bloomfield Advisors will play a key
role in arranging, organizing, and structuring the financing
opportunities needed to execute the Company's strategic plan.
As the initial phase of its plan, management plans to build
out one to three prototype fueling stations that completely
exemplify the company's long term vision for the 'fueling station
of the future'. The existence of these prototype locations
will provide management the ability to effectively deliver its
marketing message and implement its business strategy of expansion
into additional markets.
Over the past several months the Company has worked to further
define its brand strategy and refine the concepts for its roll out
of "next generation" fuel stations. The Company envisions
Evolution Fuels as a lifestyle brand, a brand that incorporates a
broad selection of alternative fuels such as ethanol blends,
biodiesel, and compressed natural gas, a store that incorporates
recycled building materials and solar power, and sales that
incorporate health foods and beverages.
Bloomfield Advisors is a financial advisory firm focused
exclusively on the financing needs of small and micro-cap
companies, with offices in New
York and the San Francisco Bay
Area. Bloomfield Advisors provides strategic planning,
operational recommendations and financial engineering to ensure
that its clients have the necessary capital to focus on their
business.
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.
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Investor
Contact:
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Randy Hepler
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214-389-9800
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SOURCE Evolution Fuels, Inc.