EVFL issued a press release today touting their new Current Information Status with Pink Sheets. On behalf of pennystockguru’s we congratulate you. Was it that difficult finding and paying a lawyer to vouch for the validity of your company? If the issuance of today’s press release can garner close to a billion shares worth of volume then it was well worth the money and the effort. Of course the stock, after another huge volume day, did not budge as there appears to be an unlimited supply of shares in the market. With 17 billion+ floating around your going to need more than 904 million shares to get rid of the market makers at $.0001.
I’m sure current EVFL investors, who currently have no one willing to bid for their stock can rest easy this long holiday weekend knowing that the shares they own are backed by a company that has now “achieved current information designation” with pinksheets. They might not be able to sell their stock, but they have that warm loving feeling inside.
Evolution Fuels Achieves ‘Current Information’ Designation On Pink Sheets OTC Market
DALLAS, Sep 4, 2009 (GlobeNewswire via COMTEX) — Evolution Fuels, Inc. (Pink Sheets:EVFL) (the “Company”) today announced that it has met the requirements for, and has been moved to the Pink Sheets’ highest tier, “Current Information.”
“We have worked diligently to bring our status to the Current Information tier so that we may maximize the value of our shares as we move forward with our business plan over the next several months,” stated Dennis McLaughlin, CEO of Evolution Fuels.
A Pink Sheets status of “Current Information” indicates that Evolution Fuels makes its current information publicly available through the OTC Disclosure and News Service pursuant to the Pink OTC Markets Manual: Guidelines for Providing Adequate Current Information.
About Evolution Fuels, Inc.
The Company 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.