FT. WORTH, TX--(Marketwire - Mar 19, 2013) - EvCarCo, Inc. (OTCQB: EVCA) announced today that on Friday, March 1st, the Company filed SCHEDULE 14C INFORMATION STATEMENT to amend EvCarCo, Inc.'s Articles of Incorporation in order to change its name to Third Stone Ventures, Inc., which will also result in a corporate stock symbol change.
Management believes that it is in the best interest of the Corporation for the name to better reflect the current business plan and operations of the Corporation. Management also feels that the name change will be favorable to the Corporation's interests. The Corporation is currently acting, and intends to continue to act, as a conglomerate holding company. Its subsidiaries and acquisitions, such as Third Stone Corporation, American Rodsmiths and all future acquisitions, will be more accurately described under one name that is aligned with current and future business plans.
The voting and other rights that accompany the Company's securities will not be affected by the change in the Company's corporate name. The stock symbol, which is currently "EVCA" and its CUSIP number, will both change as a result. Shareholders' existing certificates will continue to represent shares of the Company's common stock as if the name had not changed. The Company's transfer agent will issue stock certificates with the new name as stock certificates are sent in upon transfers of shares by existing stockholders. The name and symbol change process will proceed and be effective on or before April 8, 2013.
Gary Easterwood, President and CEO, commented, "Many shareholders have been waiting for a statement from management explaining the direction and future of EvCarCo. This name and symbol change is the beginning of that direction and future. Our intent and focus will be bringing each of the companies in the Third Stone Ventures portfolio to a profitable state."
Walter Speck, Executive Vice President, stated, "We consider this as an action to reduce risk, allowing shareholders to participate in various companies and not be tethered to one line of business. By investing in Third Stone Ventures, Inc., we share the investment risk over different types of businesses and multiple revenue streams."
For more information on The Third Stone Corporation, Inc., please view: www.thirdstonecorp.com. Shareholder inquiries should be directed to (972) 571-1624.
For more information on EVCARCO, Inc., please view: www.evcarco.com. Shareholder inquiries should be directed to (972) 571-1624.
EVCARCO, Inc. is a Future Driven® Automotive Retail Group focused on deploying a coast-to-coast network of environmentally friendly franchised dealerships, vehicles, technologies and sustainable solutions. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric, alternative fuel, and pre-owned hybrid vehicles from multiple manufacturers. EVCARCO also owns The Third Stone Corporation, a forward-thinking software provider dedicated to improving and enhancing lives through innovations of software development and data services for sport, financial, home automation and social networking.
American Rodsmiths Inc. is one of the most respected rod brands in the US with over 160 dealers in 47 states plus Mexico and Spain. For the last 15 years, ARS has provided the most technological advanced equipment available to anglers in all areas of sport fishing.
Safe Harbor Statement
This press release may contain forward-looking statements which are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues as well as any payment of dividends on our common and preferred stock, statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC) including but not limited to information as contained within the Company's most current quarterly reports, annual reports, and or other filings. Furthermore, the Company disclaims any intention or obligation to update or revise any such forward-looking statements, whether as a result of new information, future events, or otherwise. We have incurred and will continue to incur significant expenses in our expansion into new related services and there is no assurance that we will generate revenues sufficient to offset those costs. Expansion may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the various geopolitical locations we will be providing services in; the impact of which cannot be predicted at this time.