SOURCE: EVCARCO

evcarco, evca, electric car, hybrid, green stocks, alternative energy, tsla

September 07, 2010 09:45 ET

EVCARCO, Inc. Corporate Update

FORT WORTH, TX--(Marketwire - September 7, 2010) -

To Our Fellow Shareholders:

We appreciate your support of EVCARCO, Inc. (OTCBB: EVCA) and would like to update you on some recent events and developments affecting the Company.

I will make every effort to continue our relationship and assist you and the company as an unaffiliated consultant.

1.  On August 25, 2010, for personal reasons, Mr. Dale Long resigned from the Board of Directors and his position of President/CEO. As part of the separation, the Company has retired 13,625,900 shares of common stock, or 17.62% of outstanding shares; and reduced current liabilities by approximately $70,000. Mr. Long will make every effort to continue the relationship and assist EVCARCO as an unaffiliated consultant.
(SEC Filing: http://www.sec.gov/Archives/edgar/data/1459003/000119983510000574/0001199835-10-000574-index.htm)

2.  EVCA board approves the creation of its Ambassador Sustainability Living Program aimed at creating significant links with Hollywood's most eco-friendliest celebrities as well as major global influencers. The concept has been approved by the board and EVCARCO will proudly be announcing the first of the Hollywood celebrities to participate in the program soon. This initiative is poised to be a gain significant attention for EVCARCO's green vehicles.

3.  Along with the current program for putting environmentally friendly vehicles in governmental fleets, we are focusing more attention on building strategic alliances in order to develop technologies for military applications, to participate in contracts for Defense Vehicle Engineering Design, Development, Integration and Testing.

4.  As part of continued expansion efforts, EVCARCO has initiated development of the following programs with the Governments of Columbia and Peru: Alternative Energy and fleet replacement, Federal Government support and Electric Vehicle Sales, Mass Transit Vehicle programs for large cities.

5.  EVCARCO has approved a program to initiate market research in order to stimulate public market awareness regarding the corporation and its growth potential. The program will create stronger ties between the Company and the public markets by educating and providing key information to the investors.

6.  EVCARCO is working to create additional networks of alternative energy vehicles. The enhancement of EVCARCO's product line is anticipated to create stronger revenues in the fourth quarter of the current year.

Shareholders with specific questions are encouraged to contact the IR department at: ir@evcarco.com or telephone 800-960-1452.

About EVCARCO

EVCARCO (www.evcarco.com) is the first automotive retail group dedicated to deploying a coast-to-coast network of environmentally friendly franchised dealerships and vehicles. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric, alternative fuel, and pre-owned hybrid vehicles.

Forward-Looking Statement

This release contains forward-looking statements that reflect EVCARCO, Inc. plans and expectations. In this press release and related comments by Company management, words like "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions are used to identify forward-looking statements, representing management's current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.

Contact Information

  • Media Contact:

    Richard Griffiths
    Press and media
    Email Contact
    800-486-3404

    Peter Hirsch
    General Counsel/Investor relations
    Email Contact
    800-960-1452