DALLAS, Nov. 16, 2009 (GLOBE NEWSWIRE) -- Evolution Fuels, Inc. (Pink Sheets:EVFL) (the "Company") announced today that it has placed an order to purchase four Dresser Wayne / Ovation Series blending dispensers for the first of its "Evolution Fuels" stations location in Dallas, TX.
The specialized blending dispensers will blend two streams of fuel -- 100% unleaded gasoline and 100% ethanol stored in separate underground storage tanks -- into four distinct product blends selectable at the pump: E10, E20, E30, E85. This allows the customer to select whichever blend he or she prefers and it allows the Company to claim the ethanol blending tax credit ($0.45/gallon ethanol) at the time of sale to the customer.
The dispensers, designed and manufactured by Dresser Wayne, are specially engineered for blending two fuels into single fuel products, and will feature video monitors above the pumps that will play educational messaging regarding the renewable fuels industry, as well as current news, weather, and sports clips. Dresser Wayne is a leading supplier of integrated retail fueling dispensers and pumps. Management expects delivery and installation of the dispensers to be completed by next February.
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.