Evolution Fuels: Recent Dividend and Stock Split
Evolution Fuels, Inc. releases a corporate profile on Evolution Resources pursuant to the recently announced stock split and dividend, whereby two million shares of EVLN stock will be disbursed to current shareholders of Evolution Fuels in the form of a dividend. The profile provides an overview of Evolution Resources and its growth initiatives going forward:
Evolution Resources is a development stage company focused on the advancement of the production of advanced biofuels such as cellulosic ethanol. Evolution Resources' business plan contains certain proposed projects, that if successfully implemented and completed, will leverage existing assets and infrastructure to significantly shorten the time frame required to establish commercial scale cellulosic ethanol production facilities and to "repurpose" certain existing industrial operations that already manage huge quantities of biomass feedstocks.
Historically, ethanol has been produced mostly from sugars or starches, obtained from sources like sugar cane and corn. In contrast, cellulosic ethanol is produced from cellulose, the main component of wood, straw and much of the structure of plants. A significant advantage of cellulosic ethanol is that cellulose does not compete with the production of food stuffs, and many sources of cellulose, such as forestry residues, waste paper and municipal solid waste, are often available at relatively low cost, or are even free, in relatively abundant supply.
Once produced from its biomass components, ethanol contains 35% oxygen by weight in its finished form. When combined with gasoline, it acts as an oxygenate, artificially introducing oxygen into gasoline and raising oxygen concentration in the combustion mixture with air. As a result, the gasoline burns more completely and releases less unburnt hydrocarbons, carbon monoxide and other harmful exhaust emissions into the atmosphere. Evolution Resources considers the use of ethanol as an automotive fuel an effective way to reduce harmful automobile exhaust emissions.
In addition to the advantages of ethanol as a fuel, Evolution Resources believes the renewable energy sector is in a unique position. The American Recovery and Reinvestment Act of 2009 has allotted $787 billion that must be spent according to specific guidelines. One of its main objectives includes the goal to preserve/create jobs while promoting economic recovery, and to invest in transportation, environmental protection, and other infrastructure that will provide long-term economic benefits.
Due to the decline in the general economy, which hit the renewable energy industry particularly hard, Evolution Resources has researched and discovered a number of financially troubled opportunities that could enable the Company to potentially acquire these assets at extremely attractive prices, with the potential of a significant increase in value when the economy returns and the demand for energy increases.
Evolution Resources has researched and discovered a number of key opportunities, primarily in the Northwestern and Southeastern United States. The Company's management believes it can repurpose and upgrade the assets acquired at a significant discount. The team is also in a position to test new technologies and to provide renewable energy at a cost competitive price. New grant and low interest loan programs are available from the Federal and State agencies that were allocated stimulus money to revitalize and expand the renewable energy industry. These programs allow significant leveraging of the equity dollars by matching these dollars with grants on at least a one-for-one basis.
In the areas it has concentrated its search, Evolution Resources has garnered significant governmental support. Economic conditions in several of these regions have deteriorated to the extent that changes in certain industrial sectors are critical for the livelihood of many of the towns and cities. Evolution Resources is actively engaged with state and local governments, as well as regional economic development authorities, who are assisting with the development of the Company's project plans.
Evolution Resources' management team has spent the last four years working in the renewable fuels industry and through this experience has identified these opportunities in biofuels production. Evolution Resources is lead by Dennis G. McLaughlin, its Chief Executive Officer and Chairman of the Board. Known as an entrepreneur and a biofuels energy industry leader, Mr. McLaughlin has guided a number of mergers and acquisitions while teaming with seasoned managers and investors to create value in a rapidly developing business arena.
Mr. McLaughlin and the core members at Evolution Resources are assembling a team of industry experts to advise and assist the Company's management as the project plans are developed. The team already includes members from the scientific, financial, legal, and government policy communities who are all well experienced in the field of renewable fuels.
"We represent a true paradigm shift in the biofuels arena," said Mr. McLaughlin. "We are looking to create a viable renewable energy model based on cellulosic ethanol and biodiesel technology that is highly scalable in nature and can deliver the type of cost savings required for broad adoption by consumers. We look forward to providing the public with more information about Evolution Resources, including investor-facing assets such as investor fact sheets and corporate overview videos, which will be announced as soon as they are available."
For more information on Evolution Resources, please refer to the company's recently filed Form 10-K filed with the SEC, which is available on the SEC.gov website.
About Evolution Resources, Inc.
Evolution Resources, Inc. (OTCBB: EVLN - News) is a renewable energy company focused on the production of cellulosic ethanol and biodiesel transportation fuels. Presently, the company is perusing certain proposed projects that will leverage existing distressed assets and infrastructure in the Southeast and Northwest. The management team shares key members with Evolution Fuels (Pink Sheets: EVFN - News), which recently announced a disbursement of two million shares of EVLN stock that was held on its books to its current shareholders in the form of a dividend. For additional information on Evolution Resources, please visit its corporate website: www.evoresources.com.
About Evolution Fuels, Inc.
Evolution Fuels, Inc. endeavors to market renewable transportation fuels at retail fuel stations that will provide blends of ethanol from 10% to 85% (E10 to E85), and biodiesel blends from 5% to 20% (B5 to B20). The Company’s plan calls for the development of a chain of renewable fuel stations that extend from Texas to Mississippi that will be a combination of “Evolution Fuels”-branded fuel stations/convenience stores and western-motif truck stops modeled after the 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.
Evolution Fuels, Inc.
Randy Hepler, Media & Investor Relations