DALLAS, TX--(Marketwire - Jan 8, 2013) - Evolution Fuels, Inc. (PINKSHEETS: EVFN) (the "Company") previously announced on August 29, 2012 that it has signed a definitive Agreement of Merger and Plan of Reorganization with Strong Captain Co. Ltd. The Company is pleased to announce that due-diligence continues and it is believed that the merger will be executed within reasonable timeframe. The Company also notes that, since the initial announcement, Strong Captain has also invested into a nano high performance energy saving heat dissipation coatings business as well as its original GPS businesses.
Additionally, on November 3, 2012, the company announced it had filed paper work with the Financial Industry Regulatory Authority to implement a twenty thousand to one reverse split of its common stock. The Company continues to pursue the reverse stock split and expects it to be effective within two weeks.
About Evolution Fuels, Inc.
Evolution Fuels, Inc. is a U.S. corporation and has no operation.
About Strong Captain Co. Ltd.
Strong Captain Company Limited focus in providing GPS tracking and monitoring services for automobiles. For more information, please refer to http://www.strongcaptain.com
Cautionary Note About Our Forward-Looking Statements
All of our statements that contain other than purely historical information, including estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are "forward-looking statements" within the meaning of applicable federal securities law. Forward-looking statements may generally be identified by words such as "believe," "project," "expect," "may," "estimate," "intend," "plan," "will," "could," and similar expressions. The Private Securities Litigation Reform Act of 1995 contains safe-harbor provisions for forward-looking statements, and we intend that our forward-looking statements be covered by those provisions.
Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, both known and unknown, that may cause actual future results to differ materially from those indicated in the forward-looking statements. Our ability to predict future results of current plans or strategies is inherently uncertain. Factors that could have a material adverse effect on our future operations and prospects include, but are not limited to: competition, interest rates, changes in economic conditions, litigation, political and regulatory changes, the cyclical nature of the mining industry, technical issues inherent in the mining process, our ability to attract and retain qualified personnel, the availability of capital and a change in demand for minerals produced. These risks and uncertainties should be considered when evaluating forward-looking statements, and undue reliance should not be placed on such statements.
We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. More information concerning our business, including additional factors that could materially affect our financial results, may be obtained from the company.