SOURCE: EVCARCO Inc.

EVCARCO Inc.

February 08, 2010 09:40 ET

EVCARCO (OTCBB: EVCA) Signs Agreement With Wheego -- A State of the Art, All Electric Vehicle -- Sales Estimated to Jump Over 1000% Percent in 2010

EVCARCO and Wheego Agreement Creates Unlimited Growth Potential as WHEEGO Launches Both Highway Speed AEV and Commercial NEVs

FORT WORTH, TX and DETROIT, MI--(Marketwire - February 8, 2010) - EVCARCO (OTCBB: EVCA) announced that a formal agreement with Wheego ( www.wheego.net ) has been formalized. The agreement provides EVCARCO with the dealership and certain strategic territory rights to the trendsetting All Electric Vehicle.

"The Wheego, based on the Smart and Mini Cooper formula of small, innovative and entry level price point, was developed using the latest technology as well as a strong ergonomic focus," Scott O'Neal, COO of EVCARCO, stated. "The Wheego is one of the best examples of a highly versatile and efficient all electric vehicle. It is built to be an electric vehicle so the consumer feels that this car really is a car for the future."

The impressive assumed growth in market share of the Wheego reported by the Wheego executives is over 1000% in 2010 with over 3500 units available for the American market. The initial units selling its dealership network have done so at a record rate and projections seem to be in line with Wheego's top management. The model of providing the latest in electric vehicles with a sustainable support network is giving consumers both access to all electric vehicles as well as confidence to purchase the latest in automotive technology.

"The business model of EVCARCO has been further supported through agreements such as this partnership with Wheego," stated Dale Long, CEO of EVCARCO. "We are thrilled to be a hub for the American Electric vehicle industry. The Wheego is one of first core products and we feel that with the unmatched price point and overall quality that we can reach high market penetration in a short period of time."

The Wheego is based on three governing principles: Zero emission, durability and accessible price point with a CARB certified driving range of 55 miles per charge. The 96 Volt AGM System and 110 or 220 charging capabilities set the bar high. The MSRP of the base model is $21,000 without Federal, State and private sector incentives.

About Wheego

Wheego Electric Cars is an innovation-driven and environmentally-conscious manufacturer of Electric Vehicles (EVs). Under the leadership of Mike McQuary, CEO and former MindSpring entrepreneur, Wheego Electric Cars has become a leader in the integration of advanced technology components. Wheego Electric Cars is one of the first EV companies to deliver affordable, fully capable, street legal electric cars for everyday consumer use. For more information about Wheego, visit the company website at wheego.net.

FOR MORE INFORMATION PLEASE VISIT www.evcarco.com

About EVCARCO

EVCARCO (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, hydrogen fuel injection, and alternative fuel vehicles. EVCARCO has developed a dealer network allowing growth into most US States by 2010

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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    Peter Hirsch
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