Evolution Fuels Signs Lease for Second Kansas Fuel Station
February 04 2010 - 9:00AM
PR Newswire (US)
Topeka Station to Commence Operations Within the Month DALLAS, Feb.
4 /PRNewswire-FirstCall/ -- Evolution Fuels, Inc. (Pink Sheets:
EVFN) (the "Company") today announced, as part of its strategic
alliance, it has executed a second lease agreement with J&J
Developments, Inc. ("J&J") for a fuel station located in
Topeka, KS. This is the second station of what the Company
anticipates will be a series of locations leased from J&J. The
station is located on a prime intersection of Topeka that
experiences an average traffic count of over 25,000 vehicles per
day. This newly constructed fuel station/convenience store is
strategically located at the northeast corner of the intersection
of S.E. Adams St and S.E. 15th St, which serves as a major corridor
within eastern Topeka. The station has five Dresser Wayne
multi-product blending dispensers that will each provide E20 (20%
ethanol/80% gasoline), E30, and E85 blended products, as well as
regular and premium gasoline. There is also a diesel dispenser that
will offer a blended biodiesel product. The Company is in the
process of re-imaging the station to the "Evolution Fuels" brand in
preparation of operations commencing before the end of this month.
This is the second station leased from J&J following Evolution
Fuels' lease of a fuel station in Manhattan, KS, which was
announced on February 2, 2010. The Company will summarize the terms
of its leasing activities in its next quarterly financial filing.
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 state of Kansas, and helps to expedite the
plan in other areas of the southwestern United States. 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: 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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