DALLAS, Oct. 27, 2009 (GLOBE NEWSWIRE) -- Evolution Fuels, Inc. (Pink Sheets:EVFL) (the "Company") today announced that in addition to its evaluation of fuel station locations for acquisition and/or leasing for its initial rollout of Evolution Fuels retail stations, it is also considering the concept of offering franchising arrangements to interested parties for certain locations in its targeted geographical regions of Texas and Oklahoma, and eastward through Louisiana, Arkansas, Mississippi, Alabama, and Florida.
Under the potential franchise arrangement, franchisees would gain the potential benefit of the Company's ongoing efforts to effectively brand the "Evolution Fuels" concept of fuel stations and convenience stores with a distinctive, high visibility motif, availability and promotion of the use of renewable fuels, onsite blending dispensers, and potential income tax credits of up to $50,000 through the U.S. Alternative Fuel Infrastructure Tax Credit Additional benefits would include increased petroleum fuel purchasing power through economies of scale, and the supply of the biofuel portion of the fuels from Evolution Fuels.
Per the Company's plan, the stations will offer renewable fuel blends at the pump. The fuel dispensers are uniquely designed to blend petroleum fuels with renewable fuels within the dispenser as the fuel is delivered into the vehicle. The planned product offering includes E10 (10% ethanol blended with 90% petroleum gasoline), E20, E30, and E85, as well as B20 (20% biodiesel blended with 80% petroleum diesel).
The Company will begin accepting franchise applications by the end of the year from those parties interested in participating in the vision of this brand of fuel stations/convenience stores. Interested parties may contact the Company by email to contact@evolution-fuels.com.
About Evolution Fuels, Inc.
The Company endeavors to market renewable transportation fuels at retail fuel stations that will provide blends of ethanol ranging 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.