Hong Kong (Accesswire - August 26, 2013) - Evolution Fuels, Inc. (PINKSHEETS: EVFN) ("EVFN" or the "Company") today announced that, effective as of August 21, 2013, had acquired an assignment of oil and gas leases from Gemberry Investment Holding Group Limited. The acquisition entitles EVFN to own 100% working interest of gas and oil leases containing 97.2 acres, located in Cowley County, State of Kansas. The Company has not yet determined whether either gas or oil deposits are located on the property.
The Company's CEO, Michael Tan, said, "We are exceedingly pleased to establish this oil and gas venture as part of our company investment portfolio. We are now actively seeking other similar properties to acquire, and are now putting together an oil and gas tactical team to manage and develop these opportunities."
Forward Looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words "believe," "anticipate," "estimate," "expect," "intend," "plan," "project," "prospects," "outlook," and similar words or expressions, or future or conditional verbs such as "will," "should," "would," "may," and "could" are generally forward-looking in nature and not historical facts. These forward looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. We disclaim any intention to, and undertake no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise.
Evolution Fuels, Inc.