Evolution Fuels Announces Dallas CNG Victory
September 02 2010 - 7:00AM
Marketwired
Evolution Fuels, Inc. (PINKSHEETS: EVFN) (the "Company") today
announced that on August 31, 2010 the "Dallas Morning News"
reported that a federal court has ruled in favor of allowing Dallas
city taxis that run on compressed natural gas (CNG) to hop in front
of the cab stand line at Dallas' Love Field airport.
The City of Dallas and Evolution Fuels see the ordinance as a
positive step toward cleaner air. As stated last April, the Company
is evaluating CNG as an additional fuel product at its proposed
fueling stations. Evolution Fuels' management believes this ruling
could significantly increase local demand for CNG in the city of
Dallas.
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.
Investor Contact: Randy Hepler 214-389-9800
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