Evolution Resources Announces Technical Consulting Agreement
January 19 2010 - 12:55PM
PR Newswire (US)
DALLAS, Jan. 19 /PRNewswire-FirstCall/ -- Evolution Resources, Inc.
(OTC Bulletin Board: EVLN) (the "Company"), an advanced biofuels
production company focused on the production of cellulosic ethanol
and biodiesel using the latest in modern processes and
technologies, today announced that it has executed a consulting
services agreement with Dr. Hasan Jameel, a professor of Wood and
Paper Science at North Carolina State University ("NCSU"). Dr.
Jameel is a well-respected industry veteran that joins Evolution
Resources with over 30 years of teaching, research and technical
expertise in pulp and paper sciences and the biomass/energy
conversion field, which has earned him numerous accolades and
professional recognitions. Dr. Jameel has pioneered many novel
concepts for pulping and bleaching to decrease production costs and
process environmental impacts. Recently, he has been involved in
developing technologies for the conversion of biomass to
transportation fuels. Dr. Jameel received his B.S. in Chemical
Engineering from Texas A&M University in 1975, and his Ph.D. in
Chemical Engineering from Princeton University in 1980. In 1979 he
joined International Paper, where he stayed until becoming a
professor at NCSU in 1987. He was later honored as a NCSU
Outstanding Teacher (both in 1990 and 2005). He is presently a
member of the Board of Directors for Packaging Corporation of
America. Dr. Jameel is also a Technical Fellow of the Pulp and
Paper Industry, the International Academy of Wood Science and a
member of American Institute of Chemical Engineers. He holds four
patents, and has authored two books and more than 100 papers. He
was also instrumental in development efforts for the Wood Ethanol
Research Consortium ("WERC"), which was formed to provide a
technical and economic analysis of repurposing pulp and paper mills
for the production of ethanol from cellulosic sources. Evolution
Resources is a member of the WERC. Under the terms of the
consulting services agreement, Evolution Resources will pay a
monthly fee to Dr. Jameel in exchange for his technical advice and
assistance as the Company further develops its cellulosic ethanol
projects. About Evolution Resources, Inc. Evolution Resources, Inc.
(OTC:EVLN) (BULLETIN BOARD: EVLN) is a renewable energy company
focused on the production of cellulosic ethanol transportation
fuels. Presently, the Company is pursuing certain proposed projects
that will leverage existing distressed assets and infrastructure in
the Southeast and Northwest. The Company's management team shares
key members with Evolution Fuels (Pink Sheets: EVFN), which
recently announced a dividend of EVLN stock to its shareholders as
detailed in a press release issued by Evolution Fuels on November
27, 2009. For additional information on Evolution Resources, please
visit its corporate website: http://www.evoresources.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. DATASOURCE: Evolution Resources, Inc. CONTACT:
Investors, Stacey Yonkus, Principal of CSIR Group, LLC,
+1-212-386-7081, , for Evolution Resources, Inc. Web Site:
http://www.evoresources.com/
Copyright