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Technology Stocks : EVSY - Evans Systems Inc. (Bulls Board)
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From: Tadsamillionaire7/12/2007 12:58:54 PM
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Evans Systems, Inc. Announces Plan for Name and Symbol Change
Evans Systems, Inc. (PINKSHEETS: EVSY) will apply to change its name to Watch IT Technologies, Inc. The name change is being applied for in order to better reflect the Company's business plan which includes the Child Watch Network (CWN) and potential acquisitions the Company is pursuing. The Company is expected to receive approval from NASDAQ to change its symbol and CUSIP number within the next several weeks.

Watch IT Technologies' immediate focus will primarily be on implementing the Child Watch Network. The Company has acquired 40 initial agreements from Crescent Oil, Pete's Corporation, Barry's Corner LLC, and White Plains Operations LLC to install the network. The convenience stores that will carry the CWN are located in Kansas and will feature BP, Phillips 66, Conoco, as well as Diamond Shamrock stations and Jump Start Convenience Stores. The network is anticipated to be installed and operational in the near future.

"We feel the new name will better represent the new ventures the Company is currently involved in with the recent development of the Child Watch Network," stated Frank Moody, CEO of Evans Systems, Inc.

Recently, the Company announced that the Board of Directors has approved a share buyback program. The program will allow the Company to buyback up to 5 million shares of common stock from the open market.
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