SOURCE: Century Capital Markets

January 15, 2013 09:30 ET

Echo Automotive (ECAU) Assembles Tech Advisory Board With Players From FedEx, Tesla and Duke Energy

NOTE TO EDITORS: The Following Is an Investment Opinion Issued by Century Capital Markets

NEW YORK, NY--(Marketwire - Jan 15, 2013) - Echo Automotive, Inc. (OTCQB: ECAU) a developer of technologies and products that allow the cost effective conversion of existing vehicles into highly fuel-efficient hybrids and plug-in hybrids, has announced its world class advisory team from diverse corporate backgrounds of FedEx (NYSE: FDX), Duke Energy (NYSE: DUK), and Tesla Motors (NASDAQ: TSLA) to name a few. The full list can be seen here, www.echoautomotive.com/about-us#our-partners

In the early part of December, the newly assembled Tech Advisory Board met to discuss the company's corporate strategy, execution strategy, and product and technical reviews. The Company's EchoDrive™, a revolutionary solution for aftermarket installation of an electric assist system for existing gasoline-powered small to mid-sized fleet vehicles, such as Ford E250 vans F150 trucks will be the initial product offering. The Ford F150 has been the US best-selling truck for nearly 40 years with over 2 million sold in the US alone since 2009.

Echo Automotive, Inc. develops technologies and products that allow the cost effective conversion of existing vehicles into highly fuel-efficient hybrids and plug-in hybrids. Echo Automotive, Inc.'s EchoDrive™ solution can reduce fuel usage in existing fleet operations by up to 50% while targeting a payback of 24 months or less. EchoDrive™ can be fitted on many vehicle models and can scale to delivering hundreds-of-thousands of kits without manufacturing risk. For more information, please visit www.echoautomotive.com.

Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid Century Capital Markets twelve hundred and ninety five dollars for the publication and circulation of this news release. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation; do no trading of any kind and send no faxes or emails.

Contact Information