Evolution Fuels Provides Additional Information Regarding Letter Agreement for Potential Financing

DALLAS, Feb. 3 /PRNewswire-FirstCall/ -- Evolution Fuels, Inc. (Pink Sheets: EVFN) (the "Company") today clarified the "Supplemental Information" filing which can be found on the Pink Sheets OTC Markets website (www.pinksheets.com) under "Filings" for Evolution Fuels.

In the filing, the Company describes the execution of a letter agreement with BlackHawk Capital Partners, LLC.  

In the letter agreement between the parties, BlackHawk is to act as a provider of senior debt financing through a series of funds that they control.  Any and all funds related to financing activities through BlackHawk are contemplated to be long-term debt on a project-by-project basis.  The terms set forth do not require Evolution Fuels to provide any type of equity to BlackHawk, therefore, any financings through Blackhawk would not be dilutive to holders of the Company's common stock.

Evolution's management stated that the Company is in the process of exploring additional term financing opportunities for certain of its planned rollouts of fuel stations under the "Evolution Fuels" brand and truck stop travel plazas under its "Legends Travel Plazas" brand.

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.