SOURCE: Echo Automotive

Echo Automotive

March 04, 2013 09:25 ET

Echo Automotive Announces New Scottsdale Facility

Company Undertakes Move to Accommodate EchoDrive™ Installation Capacity

SCOTTSDALE, AZ--(Marketwire - Mar 4, 2013) - Echo Automotive, Inc. (OTCQB: ECAU) ("Echo Automotive," "Echo" or the "Company"), a developer of technologies enabling the cost effective conversion of existing fleet vehicles into fuel efficient hybrids, is pleased to announce the upcoming opening of an all new location in Scottsdale, Arizona in order to accommodate capacity for the installation of EchoDrive™ conversion kits into customer fleet vehicles.

"We have been actively looking to find the right facility as a western region location for our EchoDrive™ deployment," stated Jason Plotke, Echo Chairman/President. "This particular need was identified early on as a key step in order to adequately service our west coast customers." The Company currently operates a state-of-the-art purpose-built research, development and testing facility in Anderson, Indiana and will work closely with the new facility regarding installations.

The new facility will be at 16000 North 80th Street in the Scottsdale Airpark located 7 miles north of Scottsdale's downtown area. The Greater Scottsdale Airpark business area is home to over 3,000 firms, 50,000+ employees and headquarters to national/regional corporations including: DHL, Vanguard, Discount Tire, JDA Software, Mobility Electronics, GE Capital and Scottsdale Healthcare. Echo further reports plans to consolidate their existing Scottsdale headquarters to the new facility. 

"The City of Scottsdale has a long standing commitment to sustainability and as a green community," commented the Mayor of Scottsdale, the honorable Mr. Jim Lane. "Echo Automotive is the type of business that we embrace and encourage in our wonderful city."

The Company anticipates a future announcement regarding an open house and ribbon cutting in the coming months to celebrate the new facility and will be inviting key industry and government representatives including Mayor Lane.

"We are thrilled to see Echo Automotive expand its capabilities at the Scottsdale Airpark," adds Dan Worth, acting City Manager. "Their business in the renewable energy sector is a perfect fit for what we look for in the City of Scottsdale."

Additional details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information, visit our website at: www.echoautomotive.com.

About Echo Automotive, Inc. (OTCQB: ECAU)
Echo Automotive, Inc. develops technologies and products designed for cost effective conversion of existing vehicles into highly fuel-efficient hybrids and plug-in hybrids. The key to Echo's strategy is the bolt-on nature of its solution that introduces little or, in some cases, no additional points of failure, making it very low risk compared to competing solutions. For more information, please visit www.echoautomotive.com.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new technologies and development stage companies. These forward-looking statements are made as of the date of this news release and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our current report on Form 8-K filed October 15, 2012, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

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