January 15, 2010 09:28 ET

EVCARCO Inc. and Verdek-EV Form Partnership for Distribution of Coulomb ChargePoint Networked Charging Stations for Electric Cars

DALLAS, TX and NEW YORK, NY--(Marketwire - January 15, 2010) - EVCARCO (OTCBB: EVCA) announced today that they have entered into a partnership with Verdek-EV the distributor of Coulomb Technologies ChargePoint® Networked Charging Stations. EVCARCO will install the charging stations in all of its EVCARCO dealerships across the country.

Scott O'Neal, COO of EVCARCO, stated, "As one of America's first alternative energy automotive dealerships we are proud to have a strong partnership with Verdek-EV and Coulomb. The ability to provide a complete electric vehicle solution inclusive of charging stations allows EVCARCO to bridge the gap between consumers and technology developers.

"Our dealership network will have the opportunity to show case the latest technologies in electric vehicles and electric charging stations. We believe that partnering with Verdek-EV and Coulomb will help expand the infrastructure needed to support these new vehicles and allow expansion as well gain market share, stronger consumer loyalty and higher volume sales."

Recognizing that two of the biggest concerns with electric vehicles are their range and the infrastructure required to recharge the cars, Coulomb's ChargePoint® Network addresses these concerns by providing consumers a open network that allows them to charge their car at any ChargePoint station nationwide. By installing these charging stations in their retail outlets, EVCARCO is helping Verdek-EV and Coulomb Technologies pave the way for "greener" pastures for the American highway.

"Whether it's to gain energy independency from the Middle East or to provide cost-effective alternative transportation fuels, the growth of alternative fuel vehicles, especially Battery Electric Vehicles (BEV) and Plug-In Hybrids, is finally in full bloom," said Gaetano "Guy" Mannino, president and CEO of Verdek-EV. "The $4 per gallon price of gasoline last year certainly helped 'green' the auto industry like a healthy dose of Miracle-Gro®. But even with lower fuel prices this year, consumers, governments and auto manufacturers realize that the development of these vehicles is critical. That is why consumers have been seeing for the past year vehicles like BMW MINI E in Southern California, New Jersey and New York States; while the Chevy Volt and Nissan Leaf BEV, among many others, will appear later this year. Even entrepreneurial firms offering vehicles such as Tesla®, Fisker Karma, Aptera®, Tazzari ZERO and the 275-mpg eVaro are gaining attention in the marketplace."

EVCARCO is being publicly traded on the OTCBB: EVCA


EVCARCO (OTCBB: EVCA) ( is the first automotive retail group dedicated to deploying a franchised 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.

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

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    Richard Griffiths
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    Scott O'Neal
    Investor relations
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