Evolution Fuels: Lease for Kansas Fuel Station
Evolution Fuels, Inc. announced that it has executed a third lease agreement with J&J Developments, Inc. ("J&J") for a fuel station located in Topeka, KS.
Last week the Company announced an overall strategic alliance with J&J; today's announcement represents the third station of what the Company anticipates will be a series of locations leased from J&J. Â As in the two previously announced stations, this station is located on a prime intersection of Topeka that experiences an average traffic count of over 18,000 vehicles per day. Â This location is strategically located in close proximity to both Interstate 470 and Interstate 70 and is surrounded by major retailers. Â The station has four 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. Â 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. Â
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. Â 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. Â This is the third station leased from J&J following Evolution Fuel's leases of fuel stations in Topeka and Manhattan, KS, which were announced last 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. Â 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). Â 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. Â 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. Â 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.Â 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.Â 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.Â 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.Â 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.
CSIR Group, LLC
Stacey Yonkus, Principal