CLARKSDALE, Miss., Jan. 13 /PRNewswire-FirstCall/ -- Evolution Resources, Inc. (OTC Bulletin Board: EVLN) (the "Company") an advanced biofuels production company focused on the production of cellulosic ethanol using the latest in modern processes and technologies, today announced the signing of a Testing Services Agreement (the "Agreement") with North Carolina State University ("NCSU").
Under the terms of the Agreement, NCSU's Department of Wood and Paper Science will work with the Company to test and improve existing laboratory-scale technology within a larger pilot-scale system. The technology involves enzymatic carbohydrate conversion of woody biomass to fermentable sugars.
North Carolina State's Department of Wood and Paper Science has produced engineers, scientists, technologists, and management professionals in the forest products industry for over fifty years, and is considered to be one of the leading educational institutions for this sector in the country.
Evolution Resources is currently focusing its efforts of certain proposed projects that if successfully implemented and completed, will leverage existing assets and infrastructure to significantly shorten the time frame required to establish commercial scale cellulosic ethanol and biodiesel production facilities and "repurpose" certain industrial operations to provide the key biomass components.
About Evolution Resources, Inc.
Evolution Resources, Inc. (OTCBB: EVLN) is a renewable energy company focused on the production of cellulosic ethanol transportation fuels. Presently, the company is pursuing certain proposed projects that will leverage existing distressed assets and infrastructure in the Southeast and Northwest. The Company's management team shares key members with Evolution Fuels (Pink Sheets: EVFN), which recently announced a dividend of EVLN stock to its shareholders as detailed in a press release issued by Evolution Fuels on November 27, 2009. For additional information on Evolution Resources, please visit its corporate website: www.evoresources.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.
SOURCE Evolution Resources, Inc.