SOURCE: EVCARCO Inc.

evcarco, evca, electric car, hybrid, green stocks, alternative energy

March 04, 2010 07:30 ET

EVCARCO (OTCBB: EVCA) Initiates Rapid Expansion Program as It Opens "ELECTRIC VEHICLE" Flagship Location in Dallas, Texas

EVCARCO Sets Into Motion Growth Strategy by Opening Flagship Store, Year One Growth Dictates Move, States CEO

DALLAS, TX and NEW YORK, NY--(Marketwire - March 4, 2010) -  EVCARCO (OTCBB: EVCA) announced today that its board has approved an executive committee decision to expand and move forward with a rapid action growth strategy. The strategy aimed at coordinating the strategic growth of EVCARCO includes the acquisition of a FLAGSHIP location in the Dallas, Texas area.

EVCARCO has most recently been in the eye of the media and public with its launching of the Tazzari, an all electric Italian Roadster (http://www.marketwire.com/press-release/EVCARCO-OTCBB-EVCA-Appointed-as-Premier-Dealership-North-America-Tazzari-Zero-Worlds-OTCBB-EVCA-1117385.htm), as well as its development of CNG commercial products gaining praise from Natural Gas advocates.

The flagship location was a move anticipated to take place in 2011, so the move one year ahead of schedule is set to please both the early advocates and investors in EVCARCO, as well as provide a strong statement to the industry about the strength, capabilities, and growth potential of EVCARCO.

Dale Long, CEO of EVCARCO, stated, "As a native Texan, we felt that although our growth is national and in some cases global, we should develop our flagship location right here in Texas, our state has a large demographic, aimed at adoption of all our Alternative Energy Vehicles. We are proud to be a Texan success story."

The EVCARCO FLAGSHIP location will be developed as a concept store with elements directly aimed at carbon footprint reduction, consumer experience and environmental trend forecasting. The store will aim as a hub for State and national franchise development, consumer acquisitions and new vehicle launches for press and media.

Scott O'Neal, COO of EVCARCO, stated, "The advanced timing of our growth is in direct response to our success within the marketplace. The development of new products, licensing of vehicles such as the Wheego, the Tazzari, and other manufacturers launching new and innovative products has given EVCARCO a tremendous competitive advantage. As we move forward with our business plans, we see huge opportunity for growth for both our company and our investors." 

EVCARCO is anticipated to announce the opening of the Flagship store with local and national press as well as State and local Government officials.

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:
    Press and media
    Richard Griffiths
    Email Contact
    800-486-3404
    917-463-4231

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