Evolution Fuels Considers Compressed Natural Gas as Additional Product Offering

DALLAS, April 1 /PRNewswire-FirstCall/ -- Evolution Fuels, Inc. (Pink Sheets: EVFN) (the "Company") today announced that it is currently evaluating opportunities for the inclusion of the sale of compressed natural gas (CNG) at the Company's fuel station in Dallas, TX, which is currently in the design phase.  The Company envisions the sale of CNG from dispensers co-located with its ethanol blending dispensers.

Evolution Fuels CEO, Dennis McLaughlin, said, "We are seeing local increased activity related to the use of CNG as a transportation fuel from various sectors.  The City of Dallas utilizes numerous fleet vehicles already using CNG, local automobile conversion facilities are converting more and more private fleet vehicles over to CNG, and there are new and existing local, state, and federal incentive programs in place for the implementation of CNG.  We have even been in touch with a large independent natural gas production company to discuss implementing CNG dispensers at future fueling stations in this region of the United States.  I believe it is safe to say that the Dallas-Fort Worth metroplex market for publicly-available CNG is currently underserved."

Company management stated that it has obtained quotes for the implementation of the CNG dispensers and necessary equipment and is currently evaluating the economics for the project.

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.

SOURCE Evolution Fuels, Inc.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED