Evans Systems, Inc. Acquires A Free Gift.com

Business Wire, June 17, 1999

BAY CITY, Texas--(BUSINESS WIRE)--June 17, 1999--

Evans Systems, Inc. (Nasdaq NMS: EVSI) announced today that it has approved the acquisition of A Free Gift.com of Oak Brook, IL., including all current and future patents, trademarks, web sites and For A Free E-Gift.com, for 200,000 shares of Evans Systems common stock. The agreement will be presented to shareholders for approval in September of this year.

The convenience store segment For A Free E-Gift.com, of which Evans Systems originally received a master distribution agreement, uses the techniques of "reverse marketing," which drives traditional retail customers to an Internet site, creating additional revenue streams through the collection of visitor data.

Under terms of an "earn out" provision, which expires September 1, 2001, the seller can receive additional shares of Evans Systems common stock based upon the cumulative net profits of A Free Gift.com. Scott Sakoff, President and CEO of A Free Gift.com, has contracted to remain in the same capacity with the new, wholly-owned subsidiary of Evans Systems.

Peter Losavio, Vice Chairman of the Board of Directors, Evans Systems, Inc. and Executive Manager of the law firm Losavio and Tomino, stated, "A Free Gift.com provides an opportunity for additional income and establishes a new direction for the Company. The Board's primary focus is to seek a clear and concise path for profitability for the Company. The acquisition of A Free Gift.com is consistent with the Board of Directors goals to increase revenues through diversification."

Scott Sakoff, President of A Free Gift.com, stated, "We are excited about this opportunity because we share an identical vision with the Evans Systems management team. Our convenience store program aggregates traditional and e-commerce retail through a reverse marketing program. We are convinced this will geometrically enhance profitability of this industry. This is only the first of our Internet data capturing concepts."

About Evans Systems, Inc.

Evans Systems, Inc. is currently repositioning itself as a provider of e-commerce marketing and advertising to the Convenience Store industry and others. Currently, business segments include: Convenience Stores, a chain of retail outlets in South Texas; Petroleum Marketing, a distributor of petroleum products; and EDCO Environmental, Inc. which provides environmental soil remediation services.

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created hereby. Investors are cautioned that all forward-looking statements contained herein are reasonable, and assumptions could be inaccurate, and therefore, there can be no assurance that forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.