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EVFL expects net income in excess of $12 million
News out today, Aug 21, 2009... NOTE: This stock is currently trading at 0.0001 per share.
Evolution Fuels Expected to Issue Second Quarter Corporate Financials by August 28
http://www.marketwatch.com/story/evolution-fuels-expected-to-issue-...
DALLAS, Aug 21, 2009 (GlobeNewswire via COMTEX) -- Evolution Fuels, Inc. (Pink Sheets:EVFL) (the "Company") today announced that it expects to complete the accounting activity toward finalizing its financial reports for the second quarter of 2009 over the course of next week. Accordingly, the Company's management expects to publish these financial statements by August 28, 2009.
Once published, the Company expects to achieve full compliance to meet the requirements for the Pink Sheets' highest tier, "Current Information."
The Company anticipates that the financial statements will reflect net income in excess of $12 million for the six-month period ending June 30, 2009, primarily as a result of further reductions of debt and the elimination of certain contingent liabilities.
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.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Evolution Fuels, Inc.
CONTACT: Evolution Fuels, Inc.
Media & Investor Relations
Randy Hepler
866-765-4940
investors@evolution-fuels.com
Evolution Fuels Expected to Issue Second Quarter Corporate Financials by August 28
http://www.marketwatch.com/story/evolution-fuels-expected-to-issue-...
DALLAS, Aug 21, 2009 (GlobeNewswire via COMTEX) -- Evolution Fuels, Inc. (Pink Sheets:EVFL) (the "Company") today announced that it expects to complete the accounting activity toward finalizing its financial reports for the second quarter of 2009 over the course of next week. Accordingly, the Company's management expects to publish these financial statements by August 28, 2009.
Once published, the Company expects to achieve full compliance to meet the requirements for the Pink Sheets' highest tier, "Current Information."
The Company anticipates that the financial statements will reflect net income in excess of $12 million for the six-month period ending June 30, 2009, primarily as a result of further reductions of debt and the elimination of certain contingent liabilities.
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.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Evolution Fuels, Inc.
CONTACT: Evolution Fuels, Inc.
Media & Investor Relations
Randy Hepler
866-765-4940
investors@evolution-fuels.com
Views: 0
Replies to This Discussion
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Permalink Reply by Geetha on -
Its fluctuating between 0.0001 and 0.0002 for quite some weeks atleast. Most of the days it ends with 0.0001. Why would you think the quarterly results would boost this stock up? I haven't seen any good move except the huge volume on this. Any good thoughts on this stock?
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Permalink Reply by Mercs999 on
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I have been holding on to this for a while 1,500,000 shares for about 150 bucks or something I cant remember. The volume is always nice and if it does report a net income in excess of 12 million... well ... that might be just what it needs to make it break the .0001-.0002 fluctuation. You can buy a lot of shares pretty cheap right now, and you never know that small investment could turn into big bucks.
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Permalink Reply by memoryinwind on
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i followed 500K shares but can never sell at 0.0002
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Permalink Reply by Ali on
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I set a limit order for .0002 for 2,500,000 shares ,even thou the market closed at .0002 my order was not completed.I'm using scottrade.
can someone tell me why this happend,i'm new to scottrade.
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Permalink Reply by Michael George on -
not enough buyers at .0002, don't bother with stocks like this, they are dumping millions of shares, the only way this will move is once they are done with the dumping, shortlyafter they will do a R/S its a legal scam. the 12 million sounds good, but they probably have a lot of debt. If someone can confirm the outstanding shares and the authorized shares it would confirm my opinion, they probably have about 20 billion shares they can sell, they probably sold half already.
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Permalink Reply by Mercs999 on
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Hey guys Remember the financials are supposed to come out tomorrow.. those of you who are holding.. you might make some money if it shoots up .. you never know.. watch it
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Permalink Reply by Ali on
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As per yahoo finance yearly estimate is .32
http://finance.yahoo.com/q?s=EVFL.PK
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Permalink Reply by Michael George on
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lol i bought 800k yesterday, so far its holding alright...
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Permalink Reply by Mercs999 on
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hahah well its been like this the whole time for a few months.. it just stays there at .0001-.0002. Maybe when the financials come out it will actually explode =) lol
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Permalink Reply by Michael George on
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wops I thought this was another stock that i bought yesterday, sorry I was referring to GBOE
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