SOURCE: Evolution Fuels, Inc.
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
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