Evolution Fuels, Formerly Known as Earth Biofuels, Retains Byrne & Company
5/19/2009 9:30:17 AM - GlobeNewswire
DALLAS, May 19, 2009 (GlobeNewswire via COMTEX News Network) --
Evolution Fuels, Inc. (Pink Sheets:EBOF) (the "Company") today announced that it has retained Byrne & Company, Ltd., a leader in consulting, project management, and financial services in the renewable fuels industry.
Mr. Tom Byrne, the principal of Byrne & Company, has over 28 years experience in providing assistance to individuals and companies in the alternative energy sector. As a CPA, he has an extensive background in developing financial models and statements as part of new project formations. He has worked with the U.S. Department of Energy and leading scientists on various technology research projects related to renewable fuels. He has assisted numerous firms in state and federal grant applications, as well as traditional debt and equity financings for renewable fuels projects.
"We are fortunate to have Tom Byrne and his company as part of our team," said Evolution Fuels' CEO, Dennis McLaughlin. "His assistance will be critical as we further our plan in the build-out of downstream renewable fuels infrastructure and distribution points."
In upcoming weeks, the company will continue to establish relationships with other industry leaders and experts who will be critical to the company's strategy of making higher blends of ethanol and biodiesel available at the pump, thereby increasing the demand of domestically produced renewable fuels and reducing the importation of crude oil.
About Evolution Fuels, Inc.
The Company endeavors to develop retail renewable fuel stations and truck stops modeled after the Willie's Place Truck Stop in Carl's Corner, TX, and to supply biodiesel to these retail locations from its biodiesel production facility located in Durant, Oklahoma. 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.
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SOURCE: Evolution Fuels, Inc.
Evolution Fuels, Inc. Media & Investor Relations Randy Hepler 866-765-4940 investors@evolution-fuels.com
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