SOURCE: EV Innovations, Inc.

March 05, 2009 11:08 ET

EV Innovations (OTCBB: EVII) Hires Washington DC Firm Fenner, Gray & Associates to Lead Application Process for Multi-Million Dollar Stimulus Package

MOORESVILLE, NC--(Marketwire - March 5, 2009) - EV Innovations, Inc. (OTCBB: EVII) is happy to announce that it has acquired the services of Washington DC firm Fenner, Gray and Associates. Fenner Gray is assisting EV Innovations with the preparation and submission of a multi-million dollar loan guarantee application being issued through the Department of Energy. EV Innovations plans to use the loan award to create 500 jobs many of which will be "Green Tech" and purchase a 400,000 square foot manufacturing and production facility. The facility will produce EV Innovations original concept all-electric powered cars -- the Inizio EVS, The Wave and retrofit select combustion engine automobiles into all-electric.

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According to Plant Manager Tom Zgoda: "We are excited by the addition of Fenner Gray to the operations team and are very confident that we will be in a very strong position to receive funding from the Department of Energy. Our company is driving hard to be part of the solution in bringing advanced technology vehicle manufacturing to North Carolina."

EV Innovations, Inc. (OTCBB: EVII) is the leader in manufacturing Plug In Battery powered vehicles, in the United States. Current production includes the world famous Inizio™ EVS and the Wave.


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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