SOURCE: EVCARCO INC

evcarco, otcbb evca, electric car,  alturnitive fuel vehicle, ev, green stocks

April 19, 2010 09:21 ET

EVCARCO (OTCBB: EVCA) Releases Anticipated Sales for 2010 Q3-4, Envision and Tazzari Set to Break EV Sales Record

Following Wall Street Journal and FOX Coverage EVCARCO Announces Projections for Envision and Tazzari Sales as Executives "TREND FORCAST" 2010

DALLAS, TX--(Marketwire - April 19, 2010) - EVCARCO (OTCBB: EVCA), a publicly held company in alternative energy vehicles, announced today that the executive sales team along with key EVCARCO executives have announced 2010 EV projections.

The results and forecasting are released post a recent media success following media coverage in New York, which featured EVCARCO in some of the World's most coveted and regarded Publications such as Wall Street Journal (www.wsj.com) and Fox News (www.Foxnews.com).

Currently, Envision has released a forecast of up to 1500 units per month for Q 3-4 of 2010 based on the sales and anticipated sales of the highly anticipated full sized all electric wagon, cargo van, and pickup truck models. Tazzari, a wildly popular exotic Italian Electric Roadster, has projected a sales forecast slightly lower numbers with production of 500 units per year.

Dale Long, CEO of EVCARCO, stated, "We are currently seeing a significant increased interest in our EV car division. The numbers we forecast, which we base on consumer interest, sales indicators, and manufactures supply will place EVCARCO as the #1 EV dealer in North America. At the time of print we can speculate these sales to be in the millions with a 300% sales increase over 2009."

Supply versus Demand -- EVCARCO has created enough volume via direct relationships with manufactures giving guarantees on unit volume for 2010 Q 3-4. Scott O'Neal COO, stated, "The market is prime for fully electric vehicles as we anticipated from our launch of our Federal Government Division, Corporate Fleet Division, and Retail Dealerships, we plan to take full advantage of these opportunities. With our access to high production of electric vehicles and a national network we are confident that we can reach unparallel sales numbers."

The EVCARCO lineup will provide direct competition to the TESLA EV as well as other units costing over 100k. EVCARCO's market price for units such as the all electric Wheego starts at $19,000 USD MSRP with a high of $37,000 USD MSRP for a fully equipped European 7 passenger wagon from EnVison.

EVCARCO's sales forecast projects support from Government agencies and stimulus funding under President Obama's Green technology program. The forecasts are based on current market data, Government tenders and public demand.

HYBRID MARKET and PRE-OWNED HYBRID MARKET

Based on third party research Hybrids accounted for 22,400 units in March, an improvement over 19,000 units a year ago. Big sellers this March included the Toyota Prius, which increased 32 percent over last March, and the Honda Insight, which tripled sales compared to a year ago. The biggest losers include the Honda Civic hybrid which fell off some 80 percent. The Prius now holds 53 percent of the hybrid market, but the Ford Fusion and Mercury Milan hybrids are gaining ground by accounting for 3,000 units in March. Hybrids as a whole accounted for 2.1 percent of the entire car market.

FOR MORE NEWS ON EVCARCO PLEASE VISIT: www.evcarco.com/media.asp

About EVCARCO
EVCARCO (http://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 and alternative fuel vehicles. EVCARCO has developed 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

  • Media Contact:
    Richard Griffiths
    Press and media
    Email Contact
    917-463-4231
    800-486-3404

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