Evolution Fuels Announces Exxon Branding Agreement
26 August 2010 - 10:00PM
Marketwired
Evolution Fuels, Inc. (PINKSHEETS: EVFN) (the "Company") today
announced that Willie's Place at Carl's Corner Truck stop has
executed a new branding agreement with Exxon, and a fuel supply
agreement with CarterEnergy.
The state-of-the-art truck stop, of which the Company owns a
membership interest, features 12 diesel/biodiesel fueling lanes for
tractor-trailers plus a wide load island. There is a separate
fueling island for cars and trucks. In addition to the truck stop
fueling facilities, "Willie's Place at Carl's Corner" features two
restaurants, a convenience store, a saloon, a gift shop featuring
official Willie Nelson merchandise and memorabilia, and the 500
seat "Night Life" theater that features regular live music
performances.
Under the terms of the agreements, the truck stop's auto fuel
island will carry the "Exxon" brand image, and CarterEnergy will
supply Exxon-branded fuel to the auto island. The imaging of the
fuel island has already commenced, and work is expected to be
completed by the end of this month.
CarterEnergy Corporation, a fuel services company for over 50
years headquartered in Overland Park, Kansas, provides fuel
distribution, site development, and fuel transportation services to
its customers.
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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