SOURCE: EVCARCO, Inc.

EVCA, TSLA,  electric car, alturnitive fuel vehicles, green stocks, OTCBB

November 16, 2010 10:36 ET

EVCARCO (OTCBB: EVCA) Cleared to Franchise in Hawaii Through Hawaii's Department of Commerce and Consumer Affairs

EVCARCO Positioned to Expand Alternative Fuel and Electric Car Dealership Franchise Into Hawaii

DALLAS, TX and FORT WORTH, TX and HONOLULU, HI--(Marketwire - November 16, 2010) - EVCARCO (OTCBB: EVCA) (OTCQB: EVCA) and its Board of Directors are proud to announce that EVCARCO franchise registration has became effective in the State of Hawaii. The Board received notice that the Department of Commerce and Consumer Affairs for the State of Hawaii has cleared the Company's franchise program.

The Department of Commerce and Consumer Affairs for the State requires all franchisors submit filings of their Federal Disclosure Documents (FDD) for review and approval under the Hawaii Franchise Investment Act, Hawaii Revised Statutes, Chapter 482E.

EVCARCO's strategy of expansion through franchising will aid in establishing EVCARCO as pioneers of the automotive industry's newest segment of alternative fuel vehicle sales and distribution.

EVCARCO completed its Federal Disclosure Documents (FDD) and is now currently eligible to franchise in Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Mississippi, Missouri, Montana, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Nebraska, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, and Wyoming. 

In order to complete the Federal Trade Commission's regulatory requirements and individual state requirements, EVCARCO retained one of the most experienced franchise attorneys in the country, Ms. Cheryl Mullin, of Mullin Law PC.

The Federal Trade Commission is an independent Federal Government agency with a principal mission aimed at consumer protection.

Scott O'Neal, COO of EVCARCO, stated, "We are proud to be able to expand our automotive franchise into Hawaii. We look forward to helping facilitate faster implantations of electric cars, hybrids, and alternative fuel vehicles in a state that is focused on a cleaner future."

EVCARCO is being publicly traded on the (OTCBB: EVCA) (OTCQB: EVCA).

About EVCARCO

EVCARCO (OTCBB: EVCA) (OTCQB: EVCA) (www.evcarco.com) is an automotive retail group dedicated to deploying a franchised coast-to-coast network of environmentally friendly dealerships and vehicles.

About Cheryl Mullin and Mullin Law, PC

Cheryl Mullin is locally and nationally recognized in the area of franchise law. Recognized since 2007 as one of the best lawyers in America in the area of franchise law, since 2007 by D MAGAZINE as one of the best franchise lawyers in Dallas, and since 2004 by FRANCHISE TIMES as one of the top "Legal Eagles" in franchising, Cheryl leads a team that represents and counsels both new and experienced franchisors in matters ranging from regulatory compliance to dispute resolution.

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

    Joshua Spivey
    Chief Investment Officer/Investor relations
    Email Contact
    800-960-1452