DALLAS, May 13, 2009 (GLOBE NEWSWIRE) -- Evolution Fuels, Inc. (Pink Sheets:EBOF) (the "Company") announced today that it has retained Patrick Berry, CPA to assist the Company in becoming current with its financial reporting, as specified by the Pink OTC Markets guidelines. The Company's goal is to file its updated financial reports with the Pink Sheets News Service as soon as possible in order to achieve the highest classification available on the Pink Sheets exchange: "Current Information."
Patrick Berry, CPA is a Dallas, TX-based firm with over 45 years' experience in providing certified public accounting services to its clients.
In addition, Mr. Patrick Berry has been appointed Evolution Fuels' Interim Chief Financial Officer until such time as the financial reporting is made current and a permanent CFO has been appointed.
The Company has also hired Mr. Jim Drelles as the Company's new controller. Mr. Drelles has over 29 years' experience in the accounting field.
Mr. Berry stated, "Based on my knowledge of the Company's existing records and its activities over the past few months, I believe we can complete the necessary accounting entries and finalize the Company's financials for fiscal 2008, as well as Q1 2009 and have the filings made by mid-June of this year."
About Evolution Fuels, Inc.
The Company endeavors to develop retail renewable fuel stations and truck stops modeled after the Willie's Place Truck Stop in Carl's Corner, TX, and to supply biodiesel to these retail locations from its biodiesel production facility located in Durant, Oklahoma. The Company's Web site is currently 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.