SOURCE: EVCARCO

EVCARCO

October 15, 2013 09:00 ET

EvCarCo, Inc. Announces New Management and Directors

New Management Negotiates the Return of Class B Preferred and Common Shares

FT. WORTH, TX--(Marketwired - Oct 15, 2013) -  EvCarCo, Inc. (PINKSHEETS: EVCA) announced today the appointment of a new management team along with new Board Members. These appointments and elections will usher a seasoned team of resources into the organization, allowing for improved oversight as EVCARCO expands. 

New Officers and Directors

Edwin McKnight - CEO - Mr. McKnight has been a global entrepreneur for over 35 years. His recent focus has been the renewable energy and environmental technologies sectors. Previous endeavors include the construction of a bio-fuel plant in England, wind and solar project evaluations, and serving as contract negotiator for a $2.5 billion hydro-electric project in Southeast Asia.

Gerardo Hubard - President/Director - Mr. Hubard has over 25 years of experience in the construction and renewable energy industry. He has served as CEO of Hubard Engineering Services and headed more than 110 construction projects.

Bryan Miller - Vice President/Director - Mr. Miller has over 25 years of experience in the renewable energy and natural resource industries. He has been involved in all financing and strategic aspects of a number of projects in the US and Africa, focusing on corporate development, deal structure and project management.

Alexander Beckman - CTO - Mr. Beckman holds approximately 80 patents and/or pending patent applications. He has had project involvement in Africa, Asia, Australia, Europe, South America, Mongolia and has been a consultant for major mining and smelting companies in Asia and South America. He holds degrees in General, applied and specific Mineralogy, Metallurgy, Geology, Inorganic chemistry, Crystallography, Material science and Physical chemistry.

Mack Sanders - COO - Mr. Sanders is a 30-year veteran of the automobile industry, working in various management and sales capacities for several dealerships in the State of Texas. For the last decade, Mr. Sanders owned and operated a successful automobile wholesale business.

Walter Speck will serve as Chairman and Director.

EvCarCo Inc. also announced today that new management has successfully negotiated with Third Stone Corporation, a wholly owned subsidiary, for the return of 500,000 Class B Preferred shares (convertible to 5M common) and 43,961,040 shares of Class A common in consideration for the resignation of President and CEO, Gary Easterwood. In addition to the equity return, the Intellectual Property remains with EVCARCO. 

Walter Speck, Chairman, stated, "I am very excited about this pivot. I am most impressed with the quality of personnel we were able to assemble to move the company forward. New management has already been reviewing additional opportunities within the global electric/hybrid transportation industry and expects to report on these opportunities in the very near future."

EVCARCO, Inc. is a Future Driven® Automotive Retail Group focused on deploying a coast-to-coast network of eco-friendly dealerships and vehicles. The Company sells or leases new & pre-owned all electric, alternative fuel and hybrid vehicles from most auto makers. For additional information regarding EVCARCO visit: www.evcarco.com.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. Additional information respecting the factors that could materially affect the Company and its operations are contained in its annual report on Form 10K and Form 10-Q as filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statement.

Contact Information

  • Investor Relations Contact:
    Jack Eversull
    The Eversull Group, Inc.
    972-571-1624
    214-469-2361 fax
    Email Contact