DALLAS, June 23, 2009 (GLOBE NEWSWIRE) -- Evolution Fuels, Inc. (Pink Sheets:EVFL) (the "Company") today again affirmed the fact that the Company's stock dividend effective on June 16, 2009 was indeed a stock dividend, not a forward stock split. Accordingly, the shares issued to shareholders pursuant to the dividend are subject to Rule 144 of the Securities Act of 1933 and are therefore "restricted" until the provisions of Rule 144 are satisfied.
Those shareholders who believe their brokerage accounts have been credited with free trading shares of Evolution Fuels common stock as a result of the dividend should immediately contact their broker to rectify the issue.
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 website 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.