SOURCE: EVCARCO INC

evcarco, electric car, cng, alturnitive fuel vehicle, evca, green stocks, otc

March 10, 2010 08:11 ET

EVCARCO (OTCBB: EVCA) Launches Moscow Office as Demand for Alternative Energy Vehicles Increase in the Global Financial Capital

EVCARCO Aligns With Top Investment Firms to Create European Headquarters in Rapidly Expanding Russian European Market; EVCARCO to Present to Global Capital Market Forum in Moscow

DALLAS, TX and MOSCOW--(Marketwire - March 10, 2010) -  EVCARCO (OTCBB: EVCA) announced today that it will be opening its European headquarters in Moscow, Russia. The move according to EVCARCO was initiated due to the significant consumer and investor interest in electric cars and alternative fuel vehicles in the Russian Capital and European markets. EVCARCO executives have recently traveled to Moscow to finalize its plans to open the office in Lublinka Plaza, near the heart of Moscow, the largest city in Europe. 

"Moscow is now a powerhouse of financial firms working in emerging markets and the energy sector, the growth of the market in Russia made opening a Hub in Moscow and simple and highly significant decision for EVCARCO," stated Dale Long, CEO of EVCARCO.

Russia is currently in the tenth year of an economic boom, with GDP growing 8.5 percent in the first quarter of 2008. It was the world's third-biggest IPO market last year. -- Reuters

Following a highly successful road show by EVCARCO executives to Russia, the move highlights the speed and the market awareness of the potential opportunities EVCARCO will have within Russia. The development of the European market is following the business model approved by the EVCARCO board, however, the move is about one year ahead of the plan.

In addition to the announcement of EVCARCO expansion into Russia, the Texas-based corporation will also be honored guest at the Private Equity and Venture Capital Forum on the 23rd of March in Moscow.

"The Russian market has been developed mainly on the energy sector and the need and desire for alternative energy solutions are of keen interest to the appetite of the Russian banking and European investors. As the original investor in EVCARCO, I'm proud to be representing our corporation at the International Investor Forum in Moscow that will feature banking and financial institutions from most G8 countries. We value the importance of building the correct alliances and relationships with these investment communities that truly see our vision for the future," stated Scott O'Neal, COO, EVCARCO.

FOR MORE INFORMATION PLEASE VISIT www.evcarco.com

About EVCARCO
EVCARCO (http://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

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