Company News

Evolution Fuels Appoints New CFO

Farmer joins renewable fuel station developer
DALLAS -- Evolution Fuels Inc. has announced the appointment of David Farmer as its new chief financial officer. "We are pleased to have an experienced financial executive as David join our team," said Dennis McLaughlin, CEO of Evolution Fuels. "His strong background will be a tremendous asset to the company."

Farmer has provided consulting services for the past three years, which have involved Security & Exchange Commission (SEC) reporting, acquisitions due diligence and negotiations and capital raises. From 2003 to 2007 he was founder, president, and CEO for Equity [image-nocss] Bank. From 1993 to 2003, Farmer served in several senior level positions for various banking and real-estate companies in such capacities as CEO, CFO and chief operating officer.

The Dallas-based company said that it 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, it said, 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 truckstops modeled after the Willie's Place Truck Stop in Carl's Corner, Texas.

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