SOURCE: EVCARCO INC

EVCARCO INC

March 01, 2010 06:30 ET

EVCARCO (OTCBB: EVCA) Develops Rental Car Market for All Electric Vehicles, National Plan Aimed at Providing AEVs to Rental and Fleet Agencies Following the BUDGET RENT A CAR RENT A RACER PROGRAM

EVCARCO Implements Long-Term Strategy for Rental Market Working With Tazzari, Wheego and Other Manufacturers, Projections for Industry Highlight Need for AEV Option

DALLAS, TX and LOS ANGELES, CA--(Marketwire - March 1, 2010) - EVCARCO (OTCBB: EVCA) announced today that its board has approved the development of a rental car division for EVCARCO brands Tazzari, Wheego and several other highly anticipated electric vehicles.

The concept is to align with key rental car agencies across the United States to provide consumers with an option to rent an all electric vehicles. Both business travelers working for multinational companies that are looking to decrease their carbon footprint or consumers traveling for holidays are natural targets for rental of an AEV.

EVCARCO reports that the average purchase price or lease price of an AEV is slightly higher than a typical combustion engine vehicle; however, the AEV units will also be used to showcase corporate social responsibility, consumer trend forecasting and exposure for the rental firm.

Dale Long, CEO of EVCARCO, stated, "We feel that offering our electric vehicles to the rental market is a strong business move for EVCARCO. By expending to rental markets, EVCARCO promotes an adoption of EVs and provides customers with an opportunity to try and see the benefits of electric vehicles for a few days before committing to buy one."

Industry analysts have shown a significant increase in consumer interest relating to alternative fuel vehicles. The model approved by EVCARCO will lease and sell units to larger rental chains by Q3-4, 2010.

The SHELBY AND BUDGET, as part of the public relations strategy by FORD MOTOR Company and Budget rent a car in the 1960s, RENT A RACER program launched to increase FORD AND BUDGET'S overall image. The program enabled average consumers to rent the Shelby Mustang for weekends; the concept we are introducing by EVCARCO is the 2010 version of the same concept.

"We give consumers a chance to really know the technology that's available today in the electric vehicles. Our program will not only increase our overall profitability, it also exposes to the public our expanding line of alternative fuel vehicles, creating new channels for sales and possible mergers or acquisitions for EVCARCO," stated Scott O'Neal, COO of EVCARCO.

EVCARCO has developed, as part of its board approved business model, several divisions including Retail, Wholesale, Military, Corporate and Commercial Fleet and Rental divisions.

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 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
    pr@evcarco.com
    800-486-3404

    Investor Relations Contact
    Peter Hirsch
    General Counsel/Investor Relations
    Email Contact
    972-898-9663
    800-960-9663