SOURCE: EVCARCO Inc.

EVCARCO INC.

March 24, 2010 13:26 ET

EVCARCO Inc. Presents Its Revolutionary Concept During Major Russia and CIS Private Equity and Venture Capital Forum, Organised by C5

First Results Are Promising, Company and the Project Gained Great Deal of Interest From Eastern European Financial Gurus

DALLAS, TX and MOSCOW--(Marketwire - March 24, 2010) -  EVCARCO (OTCBB: EVCA) announced that the company had participated and displayed its ideas to many European investors during the 6th Annual CIS Private and Venture Capital Forum. As the exclusive exhibitor at this leading event the company had an opportunity to access a forum comprising of high level decision-makers from across the landscape of Private Equity. 

Alexey V. Otchertsov, Head of International Business Development of EVCARCO, reported to Edouard Prous, CTO, that the initial direct investment contract in the amount of $200,000 was signed and delivered on the first day of exhibition and several other meetings are scheduled for the upcoming week.

"It was great to have such a forward thinking concept to be presented at our event. Everybody at the forum displayed great interest, we are proud to offer EVCARCO keys-study opportunity on our most prestigious event in the field of Private Equity and Venture capital," stated Anita Artur, Global Private Equity Director, C5.

EVCARCO MEDIA: http://www.evcarco.com/media.asp

About EVCARCO
EVCARCO (OTCBB: EVCA) (www.evcarco.com) is the first automotive retail group dedicated to deploying a coast-to-coast network of eco-friendly dealerships and vehicles. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric, pre-owned hybrids, hydrogen fuel injection, and alternative fuel vehicles. EVCARCO is developing a dealer network allowing growth into most US States by 2012.

About C5
C5 (www.c5-online.com); For over 10 years, events produced by C5 (formerly Euroforum) have provided the business intelligence that corporate decision-makers need to respond to challenges and opportunities around the world. A unique organisation, C5 is staffed by industry and country specialists; lawyers and other professionals. We operate as a think tank, monitoring trends and developments in all major industry sectors, the law, and emerging markets, with a view to providing up to date and comprehensive business information. Based in London, C5 holds conferences across Europe and has grown to produce over 90 events a year, attended by thousands of senior delegates from all over the world.

Forward-Looking Statement
This release contains forward-looking statements that reflect EVCARCO Inc. plans and expectations. In this press release and related comments by Company management, words like "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions are used to identify forward-looking statements, representing management's current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.

Contact Information

  • Media Contact:
    Press and Media
    Richard Griffiths
    Email Contact
    800-486-3404

    General Counsel/Investor Relations:
    Peter Hirsch
    Email Contact
    972-898-9663
    800-960-1452