Evolution Fuels To Extend Its Branding Efforts Through Franchising Strategy
Evolution Fuels, Inc. today announced that in addition to its evaluation of fuel station locations for acquisition and/or leasing for its initial rollout of Evolution Fuels retail stations, it is also considering the concept of offering franchising arrangements to interested parties for certain locations in its targeted geographical regions of Texas and Oklahoma, and eastward through Louisiana, Arkansas, Mississippi, Alabama, and Florida.
Under the potential franchise arrangement, franchisees would gain the potential benefit of the Company’s ongoing efforts to effectively brand the “Evolution Fuels” concept of fuel stations and convenience stores with a distinctive, high visibility motif, availability and promotion of the use of renewable fuels, onsite blending dispensers, and potential income tax credits of up to $50,000 through the U.S. Alternative Fuel Infrastructure Tax Credit Additional benefits would include increased petroleum fuel purchasing power through economies of scale, and the supply of the biofuel portion of the fuels from Evolution Fuels.
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