October 07, 2009 09:47 ET

EV Innovations Inc. (OTCBB: EVII) Confidently Anticipates the List of the Finalists for the 2010 Progressive Insurance Automotive X-Prize Event Being Announced in New York on October 19, 2009

MOORESVILLE, NC--(Marketwire - October 7, 2009) - EV Innovations Inc. (OTCBB: EVII) www.evinnovations.com, 21st Century Design & Engineering of emission-free automotive propulsion systems using the latest lithium battery technology, is honored to be included in the 2010 Progressive Insurance Automotive X-Prize (PIAXP) competition and eagerly awaits the announcement of the finalists being made at 11:00am at The Classic Car Club of Manhattan on October 19, 2009.

EV Innovations is looking forward to the opportunity to show the world the groundbreaking developments the company has been developing. They significantly feel their breakthroughs will help change the way the world looks at the automobile and its construction today. From overall electrical engineering to space age materials, futuristic aerodynamics and a new standard for safety, the company is prominently positioned and its engineering staff is ready for the competition.

The X PRIZE competition is intended to inspire a new generation of viable, super fuel-efficient vehicles that offer more consumer choices. Ten million dollars in prizes will be awarded to the teams that win a stage competition for clean, production-capable vehicles that exceed 100 miles per gallon or energy equivalent (MPGe).

FORWARD-LOOKING STATEMENT:

This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ.

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