SOURCE: EVCARCO Inc.

evcarco, otc - evca, electric car,  alturnitive fuel vehicle

February 22, 2010 10:25 ET

EVCARCO Inc. (OTCBB: EVCA) Develops Program for LSEV/AEV Units for US Federal Government

EVCARCO Approves Pilot Program for LSEV With US Federal Government, Program Aimed at Development of Advanced LSEV for US Government Support Vehicle

DALLAS, TX and WASHINGTON, DC--(Marketwire - February 22, 2010) - EVCARCO (OTCBB: EVCA) announced today that the board has approved a long term pilot program with the US Federal Government aimed at furthering the development of LSEVs (Low Speed Electric Vehicles).

EVCARCO, working with VENTA Inc., has developed a Long Range, High Powered LSEV for Military applications. The units are being designed to meet the needs of the US Military and other Federal Government agencies under specifications outlined for both Military Spec and GSA.

Following strong demand for high output support vehicles for a range of key applications such as search and rescue, threat assessment and protection of key establishments resulted in the offering of the fully developed lithium ion powered LSEV.

Dale Long, CEO of EVCARCO, stated, "As a former aviator with the US Military, I am proud that we are involved in the development of advanced vehicles that offer the latest lithium ion systems. Our goal is to bridge the gap between innovative manufacturers and consumers in the area of alternative fuel vehicles. We feel that in 2010 our corporation will not only develop stronger relationships with the Federal Government, but also provide vehicles to exceed expectations. The Government and Military sector is a highly important sector for EVCARCO and we look forward to collaboration with Government officials."

About VENTA

VENTA Inc. ( www.ventainc.com ) is dedicated to finding, developing, and distributing environmentally friendly products and technologies in the automotive arena from all over the world to a network of car dealerships and other automotive end users. The company aims to establish its brand presence as the mass distributor of top-selling Electric Vehicles (EVs) in the marketplace available today.

About EVCARCO

EVCARCO ( www.evcarco.com ) is the first automotive retail group dedicated to deploying a coast-to-coast network of eco-friendly dealerships and vehicles. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric, hydrogen fuel injection, and alternative fuel vehicles. EVCARCO has developed a dealer network allowing growth into most US States by 2012.

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

    Investor Relation Contact:

    Peter Hirsch
    General Counsel/Investor relations
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