SOURCE: EVCARCO INC

evcarco, otcbb evca, electric car,  alturnitive fuel vehicle, ev, green stocks

May 24, 2010 06:00 ET

EVCARCO (OTCBB: EVCA) Relisted on the Over the Counter Bulletin Board for Active Trading as "EVCA.OB"

DALLAS, TX and NEW YORK, NY and MOSCOW--(Marketwire - May 24, 2010) -  EVCARCO (OTCBB: EVCA), a publicly held company in alternative energy vehicles, announced today that its Common Stock has been relisted for trading on the Over the Counter Bulletin Board (OTCBB) under the symbol EVCA.OB. The Company expects to return its full focus and energies to growing and diversifying its customer base, revenue stream and distribution of the latest in alternative energy vehicles.

EVCA was delisted from the (OTCBB) earlier this year due to a typographical error relating to the market maker.

The reinstatement process required that a market maker sponsor the Company by agreeing to submit a Form 211 to the FINRA OTC Compliance Unit for consideration to return to active trading. Additionally and in response, the company has filed amended quarterly and annual SEC financial filings for 2009.

Dale Long, CEO of EVCARCO, stated, "We would like to thank the shareholders for their patience and understanding during this period. We are pleased to see things back on track and are highly optimistic to see significant and sustainable growth over the next quarter. Like all new issuing companies we must adapt, expand, and adjust if we are to keep moving forward in respect to the public markets. We are re-energized to be back on the OTC Exchange."

TO FIND OUT MORE ABOUT EVCARCO IN THE MEDIA CLICK HERE:
http://www.evcarco.com/media.asp

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, pre-owned hybrids, 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
    800-960-1452