SOURCE: EVCARCO Inc.

EVCARCO Inc.

February 16, 2010 09:28 ET

EVCARCO (OTCBB: EVCA) Appointed as the Premier Dealership in North America for the Tazzari Zero, the World's First Italian All Electric Vehicle

EVCARCO Inc. Signs Agreement With Venta Inc. to Sell the Italian Made Lithium Powered Electric Car

DALLAS, TX and IMOLA, ITALY and NEW YORK, NY--(Marketwire - February 16, 2010) - EVCARCO (OTCBB: EVCA) announced that it signed a formal agreement with Venta Inc. to be the first Tazzari Dealership in North America. The agreement secures EVCARCO with certain strategic corporate dealership locations and territories in the United States with Tazzari, the Italian Made All Electric Vehicle.

Dale Long, CEO of EVCARCO, stated, "The Tazzari Zero has been one of the most impressive advancements integrating technology and design in the electric car industry to date. As we look to enhance our profile throughout the United States as the premier dealership for alternative fuel vehicles, we could not have found a better showcase for advanced electric vehicle technology than the Tazzari, a true Italian masterpiece. This is the car the world has been waiting for and now the wait is over." EVCARCO plans on presenting the Tazzari for sale to the general public in Q2, 2010.

"We are proud to appoint EVCARCO as the first retail outlet for the Tazzari Zero as their company is developing an impressive sustainable dealership program throughout the United States," stated Dmitri Tisnoi, CEO of Venta Inc. "We anticipate Tazzari to become one of the 'Hottest' Electric Vehicles for 2010. The partnership between the two companies will allow rapid market penetration with strong consumer awareness programs providing access to this elegant zero emission transportation solution for many environmentally friendly drivers."

About the Tazzari Zero

Tazzari Zero ( www.tazzari-zero.com ) is the first Italian all electric vehicle and comes with a cast-aluminum frame, central motor, RWD, low center of gravity, powered by Li-Ion Fe batteries. A two-seater, weighing just 545 kg (1202 lb), this stylish vehicle has a 150 Nm of torque and 15 kW engine. The Tazzari Zero is a lifestyle vehicle, and will clearly demonstrate unique owner identity.

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 Statements

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
    Email Contact
    972-898-9663
    800-960-1452

    Venta Inc. Contact:

    Dmitri Tisnoi
    CEO
    Email Contact
    1-800-553-0809


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