SCNG SC Holdings Corporation (CE)

DALLAS, May 4 /PRNewswire-FirstCall/ -- Evolution Fuels, Inc. (Pink Sheets: EVFN) (the "Company") today announced that it expects to initiate the mailings of certificates of Evolution Fuels, Inc. common stock to its shareholders by the end of this week, pursuant to the Company's previously announced stock dividend update on January 26, 2010.

All dividend shares will be "restricted" as defined under 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.   For example, generally Rule 144 permits non-affiliates of an SEC-reporting company to resell restricted securities without regard to Rule 144 volume, reporting or manner of sale limitations after a period of six months.  Further, it generally permits non-affiliates of non-reporting companies to freely resell securities after a one-year holding period.  Evolution Fuels, Inc. is a non-reporting entity.  However, there are additional complexities and variables associated with Rule 144 and shareholders should evaluate the specific circumstances of each proposed sale.

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.

SOURCE Evolution Fuels, Inc.