Evolution Fuels Executes Lease for Arkansas Truck Stop
February 09 2010 - 9:06AM
PR Newswire (US)
DALLAS, Feb. 9 /PRNewswire-FirstCall/ -- Evolution Fuels, Inc.
(Pink Sheets: EVFN) (the "Company") today announced that it has
executed a lease agreement with J&J Developments, Inc.
("J&J") for a truck stop located in Mountainburg, AR. The truck
stop, which will be operated under the Company's subsidiary,
Legends Travel Centers, is located at 901 Highway 282 SW in
Mountainburg, which is just off of Interstate 540, approximately 20
miles south of Fayetteville, AR. Under the terms of the lease,
Evolution Fuels will assume operations of the truck stop on
February 15, 2010. The Company plans to re-image the truck stop
over the course of the next 30 days, and to offer a blend of
biodiesel at the truck fuel pumps as soon as possible. This
location adds the state of Arkansas to its region of locations for
the planned rollout of renewable fuel stations over the next few
months. As part of its overall strategic plan, the Company has
formed an alliance with J&J, a premier commercial real estate
developer with a strong focus on fuel stations, convenience stores,
and truck stop travel plazas. This alliance extends Evolution's
planned rollout region to the states of Kansas and Arkansas, and
helps to expedite the plan in other areas of the southwestern
United States. This is the fourth location leased from J&J
following Evolution Fuel's leases of fuel stations in Topeka and
Manhattan, KS, which were announced last week and this week. 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
http://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: CSIR Group, LLC Stacey
Yonkus, Principal 212-386-7081 DATASOURCE: Evolution Fuels, Inc.
CONTACT: Investor Contact: Stacey Yonkus, Principal of CSIR Group,
LLC, +1-212-386-7081, for Evolution Fuels, Inc. Web Site:
http://www.evolution-fuels.com/
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