Evolution Fuels Announces BMGI Common Stock Dividend to its Shareholders
December 23 2009 - 1:05PM
Business Wire
Evolution Fuels, Inc. (Pink Sheets:EVFN) (the “Company”) today
announced that it will execute a dividend of common stock of Big
Star Media Group, Inc. (Pink Sheets:BMGI), a public company of
which Evolution Fuels owns common shares.
Any shareholders of the Company owning more than five (5) shares
of Evolution Fuels common stock as of the record date of December
28, 2009 shall receive one share of BMGI common stock for every
five (5) shares held of Evolution Fuels common stock. For example,
if a shareholder owns 100,000 shares of Evolution common stock at
the close of business on December 23, 2009, that shareholder will
receive 20,000 shares of Big Star Media Group common stock. These
dividend shares will be “restricted” as defined in the Securities
Act of 1933. Rule 144 allows for the public resale of restricted
securities only if certain holding period and other conditions are
satisfied. The Company will announce the actual distribution of the
dividend stock, which is expected to occur within the next three
weeks. The current market price of BMGI common stock is $0.01 per
share.
About Big Star Media Group, Inc.
Big Star Media Group, Inc. is a multi-faceted entertainment and
information distribution company focused on web-based presentations
of live music events, the promotion of new musical talent, film
production, and corporate messaging. Big Star Media Group holds
several subsidiaries that are each focused on specific aspects of
the Company’s strategic plan, including: Big Star Live, Big Star
Records, Big Star Informative Media, Big Star Films, and Big Star
Communications. Its various entities focus on everything from the
webcasting of live music events, to promoting new musical talent,
producing film, and performing corporate messaging. For more
information, please visit: www.bigstarmediagroup.com.
About Evolution Fuels, Inc.
Evolution Fuels, Inc. endeavors to market renewable
transportation fuels at retail fuel stations that will provide
blends of ethanol 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.
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