Yesterday's Press Release and previous PRs:
and a SEC Press Release that debunks for now all the Reverse Stock Split speculation here that scares off new investors in EVFL:
Evolution Fuels Expected to Issue Second Quarter Corporate Financials by August 28
DALLAS, Aug. 21, 2009 (GLOBE NEWSWIRE) -- Evolution Fuels, Inc. (Pink Sheets:EVFL - News; 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." (Crusader:This is the next step to Tier OTCQX)
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Evolution Fuels to Pursue Listing On OTCQX Tier
DALLAS, July 22, 2009 (GLOBE NEWSWIRE) -- Evolution Fuels, Inc. (Pink Sheets:EVFL - News; the "Company") today announced that it is applying for a listing on the premier tier of the U.S. over-the-counter market -- the OTCQX marketplace.
The Company's management believes that it is in the best interest of the Company and its shareholders to have and maintain the OTCQX listing in order to attract those investors who demand the quality control process and superior information transparency required at this tier.
In order for the Company to be considered for admission to the OTCQX tier it must meet several requirements, which include having audited financials as of the end of each of the two most recent fiscal years. Over the next few weeks the Company plans to take the steps necessary to meet such requirements. (Crusader: See next PR above)
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.
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Evolution Fuels Clarifies Stock Dividend
DALLAS, June 23, 2009 (GLOBE NEWSWIRE) -- Evolution Fuels, Inc. (Pink Sheets:EVFL - News; the "Company") today again affirmed the fact that the Company's stock dividend effective on June 16, 2009 was indeed a stock dividend, not a forward stock split. Accordingly, the shares issued to shareholders pursuant to the dividend are subject to Rule 144 of the Securities Act of 1933 and are therefore "restricted" until the provisions of Rule 144 are satisfied.
Those shareholders who believe their brokerage accounts have been credited with free trading shares of Evolution Fuels common stock as a result of the dividend should immediately contact their broker to rectify the issue.