Evolution Fuels, Inc. (Pink Sheets: EVFN) today releases a
corporate profile on Evolution Resources (OTCBB:EVLN) pursuant to
the recently announced stock split and dividend, whereby two
million shares of EVLN stock will be disbursed to current
shareholders of Evolution Fuels in the form of a dividend. The
profile provides an overview of Evolution Resources and its growth
initiatives going forward:
Evolution Resources is a development stage company focused on
the advancement of the production of advanced biofuels such as
cellulosic ethanol. Evolution Resources' business plan contains
certain proposed projects, that if successfully implemented and
completed, will leverage existing assets and infrastructure to
significantly shorten the time frame required to establish
commercial scale cellulosic ethanol production facilities and to
"repurpose" certain existing industrial operations that already
manage huge quantities of biomass feedstocks.
Historically, ethanol has been produced mostly from sugars or
starches, obtained from sources like sugar cane and corn. In
contrast, cellulosic ethanol is produced from cellulose, the main
component of wood, straw and much of the structure of plants. A
significant advantage of cellulosic ethanol is that cellulose does
not compete with the production of food stuffs, and many sources of
cellulose, such as forestry residues, waste paper and municipal
solid waste, are often available at relatively low cost, or are
even free, in relatively abundant supply.
Once produced from its biomass components, ethanol contains 35%
oxygen by weight in its finished form. When combined with gasoline,
it acts as an oxygenate, artificially introducing oxygen into
gasoline and raising oxygen concentration in the combustion mixture
with air. As a result, the gasoline burns more completely and
releases less unburnt hydrocarbons, carbon monoxide and other
harmful exhaust emissions into the atmosphere. Evolution Resources
considers the use of ethanol as an automotive fuel an effective way
to reduce harmful automobile exhaust emissions.
In addition to the advantages of ethanol as a fuel, Evolution
Resources believes the renewable energy sector is in a unique
position. The American Recovery and Reinvestment Act of 2009 has
allotted $787 billion that must be spent according to specific
guidelines. One of its main objectives includes the goal to
preserve/create jobs while promoting economic recovery, and to
invest in transportation, environmental protection, and other
infrastructure that will provide long-term economic benefits.
Due to the decline in the general economy, which hit the
renewable energy industry particularly hard, Evolution Resources
has researched and discovered a number of financially troubled
opportunities that could enable the Company to potentially acquire
these assets at extremely attractive prices, with the potential of
a significant increase in value when the economy returns and the
demand for energy increases.
Evolution Resources has researched and discovered a number of
key opportunities, primarily in the Northwestern and Southeastern
United States. The Company's management believes it can repurpose
and upgrade the assets acquired at a significant discount. The team
is also in a position to test new technologies and to provide
renewable energy at a cost competitive price. New grant and low
interest loan programs are available from the Federal and State
agencies that were allocated stimulus money to revitalize and
expand the renewable energy industry. These programs allow
significant leveraging of the equity dollars by matching these
dollars with grants on at least a one-for-one basis.
In the areas it has concentrated its search, Evolution Resources
has garnered significant governmental support. Economic conditions
in several of these regions have deteriorated to the extent that
changes in certain industrial sectors are critical for the
livelihood of many of the towns and cities. Evolution Resources is
actively engaged with state and local governments, as well as
regional economic development authorities, who are assisting with
the development of the Company's project plans.
Evolution Resources' management team has spent the last four
years working in the renewable fuels industry and through this
experience has identified these opportunities in biofuels
production. Evolution Resources is lead by Dennis G. McLaughlin,
its Chief Executive Officer and Chairman of the Board. Known as an
entrepreneur and a biofuels energy industry leader, Mr. McLaughlin
has guided a number of mergers and acquisitions while teaming with
seasoned managers and investors to create value in a rapidly
developing business arena.
Mr. McLaughlin and the core members at Evolution Resources are
assembling a team of industry experts to advise and assist the
Company's management as the project plans are developed. The team
already includes members from the scientific, financial, legal, and
government policy communities who are all well experienced in the
field of renewable fuels.
"We represent a true paradigm shift in the biofuels arena," said
Mr. McLaughlin. "We are looking to create a viable renewable energy
model based on cellulosic ethanol and biodiesel technology that is
highly scalable in nature and can deliver the type of cost savings
required for broad adoption by consumers. We look forward to
providing the public with more information about Evolution
Resources, including investor-facing assets such as investor fact
sheets and corporate overview videos, which will be announced as
soon as they are available."
For more information on Evolution Resources, please refer to the
company's recently filed Form 10-K filed with the SEC, which is
available on the SEC.gov website.
About Evolution Resources, Inc.
Evolution Resources, Inc. (OTCBB: EVLN) is a renewable energy
company focused on the production of cellulosic ethanol and
biodiesel transportation fuels. Presently, the company is perusing
certain proposed projects that will leverage existing distressed
assets and infrastructure in the Southeast and Northwest. The
management team shares key members with Evolution Fuels (Pink
Sheets: EVFN), which recently announced a disbursement of two
million shares of EVLN stock that was held on its books to its
current shareholders in the form of a dividend. For additional
information on Evolution Resources, please visit its corporate
website: www.evoresources.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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