EVFL - Keeping Things As Vague As Possible

Less is more in the penny stock world.  EVFL seems to know this, and its press release today was fairly vague.  Less information and more speculation.  Speculation is one of the reasons people buy these $.0001 stocks to begin with.  With EVFL's press release about a letter of intent they left out the most important detail:

How are they going to pay for these gas stations?  


The pennystockguru has one question.  Come November 30th, 2009 will this deal ever come to fruition.  I think not. Let us see what transpires from here on out.

With 100 billion shares authorized to sell, the bid at $.0001 will not last long.






Evolution Fuels Executes Letter of Intent to Acquire Fuel Stations in Alabama and Mississippi
DALLAS, Oct 22, 2009 (GlobeNewswire via COMTEX) -- Evolution Fuels, Inc. (Pink Sheets:EVFL) (the "Company") today announced that it has executed a letter of intent to acquire two existing and operational fuel stations, one located in southern Alabama and the other in central Mississippi. The Company intends to brand the stations as "Evolution Fuels." One of the stations is located in an affluent area of the town of Fairhope, Alabama, which is approximately eighteen miles southeast of Mobile, Alabama. The station currently offers E10 (10% ethanol/90% gasoline) and E85 (85% ethanol/15% gasoline) and B20 biodiesel. The second station is located in Newton, Mississippi and currently offers E10, E85, and B20 biodiesel.
Both stations feature fuel blending at the dispenser, which conforms to the Company's model of providing renewable fuels at the retail level. The Company plans to apply its "Evolution Fuels" branding to the stations and add sufficient equipment to provide an additional E20 product at the pumps.
The Company expects to sign the definitive purchase agreement pursuant to the letter of intent by November 30, 2009.
About Evolution Fuels, Inc.
The Company endeavors to market renewable transportation fuels at retail fuel stations that will provide blends of ethanol ranging 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.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Evolution Fuels, Inc.

By Staff