Strong Captain Co. Ltd. signed a letter of intent to acquire Evolution Fuels, Inc. (OTC:EVFN) in a reverse merger transaction on June 22, 2012. Strong Captain agreed to a 90-day "no-shop" period.

Strong Captain Co. Ltd. signed a definitive Agreement of merger and plan of reorganization to acquire Evolution Fuels, Inc. (OTC:EVFN) in a reverse merger transaction on August 29, 2012. Evolution Fuels will issue new shares of restricted stock to acquire 100% of Strong Captain Co. Ltd. After completion of the merger, Strong Captain shareholders will own 80% of the outstanding share of Evolution Fuels. As part of the agreement, Strong Captain management team will become Evolution Fuels management and Board of Directors. The completion of the merger is subject to standard covenants and closing conditions.

As of November 2, 2012, Evolution Fuels, Inc. filed applications and paperwork with Financial Industry Regulatory Authority to implement a twenty thousand to one reverse split of common stock. The approval process in expected to take approximately four to eight weeks.

As of February 8, 2013, due-diligence continues for the transaction.

Strong Captain Co. Ltd. cancelled the acquisition of Evolution Fuels, Inc. (OTC:EVFN) in a reverse merger transaction on June 22, 2013.