SOURCE: EVCARCO Inc.

evcarco, otcbb evca, electric car,  alturnitive fuel vehicle, ev, green stocks

July 06, 2010 21:47 ET

EVCARCO Initiates Coverage on (OTCBB: EVCA) From BUYINS.NET

SqueezeTrigger Report Shows Approximately 9 Million Shares Shorted Since December 2009

DALLAS, TX and NEWPORT BEACH, CA--(Marketwire - July 6, 2010) -  EVCARCO (OTCBB: EVCA), a publicly held company in alternative energy vehicles, announced today that BUYINS.NET, http://www.buyins.net, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has initiated coverage on EVCARCO (OTCBB: EVCA) after releasing the latest short sale data through June 30, 2010. The total aggregate number of shares shorted since December 2009 is approximately 8.97 million shares. The SqueezeTrigger price for all (OTCBB: EVCA) shares shorted is $0.23. The first of several short squeezes is expected to begin when shares of EVCA close above $0.06, where 593,554 shares have been shorted between $0.0375 and $0.0593.

Dale Long, CEO, stated, "In this rapid marketplace, EVCARCO has enlisted the support of some of the top research and reporting firms; this ensures we are able to provide our shareholders with accurate and highly important information. Our BUYINS relationship is one of many we intend to create throughout the next quarter."

Click here to view Report: http://www.buyins.com/reports/evca6-30-10.pdf

Click here for SqueezeTrigger: http://www.buyins.com/images/evcastr6-30-10.jpg

Click here for Friction Factor: http://www.buyins.com/images/evcaff6-30-10.jpg

Friction Factor calculates if a fair market is being made in the shares of (OTCBB: EVCA). 55% of the previous 27 trading days have been positive or bullish-biased and 45% have been negative or bearish-biased.

Regulation SHO requires bona-fide market-making activities to include making purchases and sales in roughly comparable amounts. The Commission has stated that bona-fide market-making DOES NOT include activity that is related to speculative selling strategies or investment purposes of the broker-dealer and is disproportionate to the usual market making patterns or practices of the broker-dealer in that security. Likewise, where a market-maker posts continually at or near the best offer, but does not also post at or near the best bid, the market-maker's activities would not generally qualify as bona-fide market-making. Moreover, a market-maker that continually executes short sales away from its posted quotes would generally not be considered to be engaging in bona-fide market-making.

BUYINS.NET monitors EVCA market-makers daily for compliance with Fair Market-Making Requirements.

About BUYINS.NET

BUYINS.NET, http://www.buyins.net, monitors trading in all US stocks in real time and maintains massive databases of short sale and naked short sale time and sales data, short squeeze SqueezeTrigger prices, market-maker price movements, shareholder data, statistical data on earnings, sector correlation, seasonality, hedge fund trading strategies, comparable valuations. Reports include:

REGULATORY & COMPLIANCE NEWS

Friction Factor -- market-maker surveillance system tracking market makers in all stocks to determine Price Friction and compliance with new "Fair Market-Making Requirements."

RegSHO Naked Shorts -- tracks EVERY failure to deliver in all US stocks and all Threshold Security Lists daily for which stocks have naked short positions.

INVESTMENTS & TRADING

SqueezeTrigger -- 27 billion cell database tracks EVERY short sale (not just total short interest) in all US stocks and calculates volume weighted price that a short squeeze will begin in each stock.

Earnings Edge -- predicts probability, price move and length of move before and after all US stock earnings reports.

Seasonality -- predicts probability, price move and length of move based on exact time of year for all US stocks.

Group Trader -- tracks sector rotation and stock correlation to its sector and predicts future moves in ALL sectors and industry groups.

Pattern Scan -- automates tracking of every technical pattern and predicts next move in stocks.

GATS -- tracks known trading strategies.

About EVCARCO

EVCARCO (OTCBB: EVCA) (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 and alternative fuel vehicles. EVCARCO has developed a dealer network allowing growth into most US States by 2012.

EVCARCO will be responsible for sales, service, parts, and dealers in the regions.
EVCARCO is currently establishing dealer locations in the following states: Alabama, Arizona, California, Florida, Louisiana, Mississippi, New Mexico, New York, Oklahoma, Oregon, Pennsylvania, Texas, and Washington.

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

  • EVCARCO Contacts:
    Press and media
    Richard Griffiths
    Email Contact
    800-486-3404

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

    BUYINS.NET Contact:
    Thomas Ronk
    800-715-9999
    Email Contact