SOURCE: Echo Automotive

Echo Automotive

April 16, 2013 09:25 ET

Echo Automotive Files Form 10-K for 2012 Year End

Detailed Financial Data and Related Information Available in SEC Filing

SCOTTSDALE, AZ--(Marketwired - Apr 16, 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 and plug-in hybrids, today announced that it has filed its Annual Report on Form 10-K for the full year ended December 31, 2012, with the U.S. Securities and Exchange Commission ("SEC").

The 10-K report is inclusive of the Company's audited year end financial statements and Management Discussion and Analysis ("MD&A"), which is an integrated part of the financial statements. The report also provides a business overview and risk disclosures.

Additionally, Echo announced that the Company has amended and restated its previously announced agreement with CleanFutures LLC. The amended agreement grants Echo perpetual licensing rights to CleanFutures Technology patents, including the CleanFutures belt drive technology, with no additional royalty fees.

"Our 2012 accomplishments have given Echo a very strong foundation for continued growth that allows us to accelerate our plans for our technology and market developments in 2013," stated Dan Kennedy, Echo's CEO. "We are very pleased with our ongoing product development and how well the industry has responded to EchoDrive™."

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 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, almost no additional points of failure, making it 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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