SOURCE: Evolution Fuels, Inc.

Evolution Fuels, Inc.

August 26, 2010 08:00 ET

Evolution Fuels Announces Exxon Branding Agreement

DALLAS, TX--(Marketwire - August 26, 2010) -  Evolution Fuels, Inc. (PINKSHEETS: EVFN) (the "Company") today announced that Willie's Place at Carl's Corner Truck stop has executed a new branding agreement with Exxon, and a fuel supply agreement with CarterEnergy.

The state-of-the-art truck stop, of which the Company owns a membership interest, features 12 diesel/biodiesel fueling lanes for tractor-trailers plus a wide load island. There is a separate fueling island for cars and trucks. In addition to the truck stop fueling facilities, "Willie's Place at Carl's Corner" features two restaurants, a convenience store, a saloon, a gift shop featuring official Willie Nelson merchandise and memorabilia, and the 500 seat "Night Life" theater that features regular live music performances.

Under the terms of the agreements, the truck stop's auto fuel island will carry the "Exxon" brand image, and CarterEnergy will supply Exxon-branded fuel to the auto island. The imaging of the fuel island has already commenced, and work is expected to be completed by the end of this month.

CarterEnergy Corporation, a fuel services company for over 50 years headquartered in Overland Park, Kansas, provides fuel distribution, site development, and fuel transportation services to its customers.

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.

Contact Information

  • Investor Contact:
    Randy Hepler
    214-389-9800