SCNG SC Holdings Corporation (CE)

Evolution Fuels, Inc. (PINKSHEETS: EVFN) (the "Company"), announced today it has signed two investment banking agreements with a leading New York-based investment banking firm to assist in acquisition financing and public offering.

The investment banking firm, founded in 1925, is one of the oldest in the United States, a member of the New York Stock Exchange and a full-service broker-dealer employing over 500 people. The firm manages two Morningstar-rated funds with over 2.8 billion retail accounts, nearly 100 registered representatives and 20 investment advisors in six branch offices in U.S.A.

Under the first agreement, the Company has retained the investment banking firm as its exclusive placement agent and financial advisor in connection with acquisition financing of up to $15,000,000 in debt. The Company must meet various terms and conditions, which it believes are reasonable and attainable.

The second agreement anticipates a $20,000,000 firm commitment underwritten public offering on NASDAQ represented by the investment banking firm. The planned public offering is subject to the Company's successful auditing and acquisition of its two target business firms.

The Company's director, Michael Tan, said, "We are exceedingly pleased to establish this relationship with such a prestigious New York Stock Exchange member firm, which confirms and validates our business plan. We expect the assistance of this well established investment banker will accelerate our growth. We have launched an aggressive acquisition program, beginning due diligence on several acquisition targets. Our management believes we can satisfy the conditions in both investment banking agreements."

SAFE HARBOR AND INFORMATIONAL STATEMENT This press release may contain forward-looking information within the meaning of Section 21E of the Security Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statement of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial conditions or results of operations; (iii): the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend", and similar expressions and variations thereof are intend to identify forward-looking statements. Investors are cautioned that any such forward-looking statement are not guarantee of future of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's registration statement and reports filed with the SEC. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements.

Contact: Evolution Fuels, Inc. consultant.evfn@gmail.com