Evolution Fuels Announces New Board Members

Evolution Fuels, Inc. (EVFN.PK) today announced effective April 10, 2012, Mr. Chun Ka Tsun and Mr. Bok Wong were elected to the Board of Directors of Evolution Fuels, Inc.

Mr. Bok Wong is currently Chief Executive Officer and Chairman of Board, of Aspire International Inc. Prior to that, he co-founded Perfisans Networks in February 2001, and has acted as its Vice President of Operations since its inception. Starting from November 2006, he is promoted by the Board of Director to be the President and CEO of the company. Previously he co-founded Intervis Corporation, a system on a chip design consulting company. Mr. Wong was the principal consultant of Intervis from 1998 to 2000 and Director of ASIC Technology at Trebia from 2000 to February 2001. Mr. Wong has also worked with ATI Technologies, Genesis Microchip, and Philips in Hong Kong.

Mr. Chun Ka Tsun brings nearly fifteen years of international finance expertise to the table. Specializing in corporate restructuring, corporate finance, and mergers and acquisitions, he has worked with and represent companies of all sizes and configurations. He also brings listing experience in Korea, Toronto, Hong Kong, Frankfurt, and in the United States, as well as experience in the private equity arena.

CONTACT: Chun K T
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