SOURCE: EVCARCO

EVCARCO

November 01, 2013 09:00 ET

EVCARCO's New Management to Release Business Strategy in the Coming Weeks; Plans on Moving Corporate Offices to Houston, TX

Management Reviewing Former Management's and Consultants' Convertible Debt Transactions

FT. WORTH, TX--(Marketwired - Nov 1, 2013) - EVCARCO Inc. (PINKSHEETS: EVCA) announced today that the Company's management team have been formulating and planning to release a new business strategy in the coming weeks. 

EVCA's first priority is to complete all past due SEC filings and to complete the company audit. Upon completion of these items, the Company plans to be fully reporting on the OTC markets OTCQB.

The Company's management is also undergoing an extensive review of all former management's and consultants' convertible debt transactions and plans to engage a third party expert and legal counsel to assist in this review.

The Company is also planning to move its headquarters to Houston, TX in November 2013.

Walter Speck, Chairman of EVCA, stated, "We are looking forward to moving our headquarters to Houston and completing the filings and audit to become fully reporting on the OTCQB. An announcement will be made soon regarding our new Business Strategy."

EVCARCO, Inc. is a Future Driven® Automotive Retail Group focused on deploying a coast-to-coast network of eco-friendly dealerships and vehicles. The Company sells or leases new & pre-owned all electric, alternative fuel and hybrid vehicles from most auto makers. For additional information regarding EVCARCO visit: www.evcarco.com.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. Additional information respecting the factors that could materially affect the Company and its operations are contained in its annual report on Form 10K and Form 10-Q as filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statement.

Contact Information

  • Investor Relations Contact:
    Jack Eversull
    The Eversull Group, Inc.
    972-571-1624
    214-469-2361 fax
    Email Contact