SOURCE: Electric Moto Corporation

May 03, 2011 08:30 ET

Electric Moto Corporation Begins Talks With Dominican Republic

NEW YORK, NY--(Marketwire - May 3, 2011) - Electric Moto Corporation (PINKSHEETS: EMOT), a developer of state-of-the-art electric vehicles, announced today that it has begun conversations with government and industry leaders in the Dominican Republic regarding the manufacture and sales of its vehicles.

"The recent spike in the cost of fuel oil and gasoline has had a profoundly negative impact upon the economic development of many countries," noted Robert Lancellotti, Chairman of the Board of Electric Moto. "The progress that has been made in recent years in bringing manufacturing and service jobs to the Dominican Republic, in developing eco-tourism resorts and other industries, is threatened by the skyrocketing costs of fuel."

Electric Moto's likely expansion of its product line -- from dual-sport electric motorcycles, to three-wheel and four-wheel electric vehicles of several types, as well as electric watercraft -- provides a wide range of applications, from personal use, to commercial and industrial, and to governmental and military.

About EMOT
EMOT is a leading technology and lifestyle company dedicated to the development, production and distribution of zero emission vehicles and related products. The 72 Volt Dual Sport electric motorcycle leads the charge of EMOT's "Green" vehicles including an electric bicycle, ATV and personal watercraft.

Statements contained in this communication that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect current views of management with respect to future events and are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected, or described pursuant to similar expressions.

This communication is not and shall not be deemed to be an offer to sell or solicitation of an offer to buy any securities of the above mentioned company.

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