Evolution Fuels Announces Filing for a Reverse Stock Split
HONG KONG, Nov. 2, 2012 (GLOBE NEWSWIRE) -- Evolution Fuels, Inc. (OTC: EVFN) ("Evolution Fuels") today announced that it has filed applications and paperwork with Financial Industry Regulatory Authority to implement a twenty thousand to one reverse split of its common stock. The approval process in expected to take approximately four to eight weeks. Evolution Fuels will provide additional updates as they become available.
About Evolution Fuels Corp.
Evolution Fuels currently has no operations. On August 29, 2012, Evolution Fuels entered into an Agreement of Merger and Plan of Reorganization with Strong Captain Co. Ltd. (the "Merger"). One of the conditions to closing the merger is the completion of the reverse stock split.
The company is currently located at 712 Lippo Sun Plaze, Canton Road, TST, Hong Kong.
Cautionary Note About Our Forward-Looking Statements
All of our statements that contain other than purely historical information, including estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are "forward-looking statements" within the meaning of applicable federal securities law. Forward-looking statements may generally be identified by words such as "believe," "project," "expect," "may," "estimate," "intend," "plan," "will," "could," and similar expressions. The Private Securities Litigation Reform Act of 1995 contains safe-harbor provisions for forward-looking statements, and we intend that our forward-looking statements be covered by those provisions.
Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, both known and unknown, that may cause actual future results to differ materially from those indicated in the forward-looking statements. Our ability to predict future results of current plans or strategies is inherently uncertain. Factors that could have a material adverse affect on our future operations and prospects include, but are not limited to: competition, interest rates, changes in economic conditions, litigation, political and regulatory changes, the cyclical nature of the mining industry, technical issues inherent in the mining process, our ability to attract and retain qualified personnel, the availability of capital and a change in demand for minerals produced. These risks and uncertainties should be considered when evaluating forward-looking statements, and undue reliance should not be placed on such statements.
We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. More information concerning our business, including additional factors that could materially affect our financial results, may be found in our periodic filings with the SEC (http://www.sec.gov).
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