SOURCE: Green Automotive Company

July 12, 2010 09:00 ET

Green Auto Signs Ten Dealer Agreement

DALLAS, TX--(Marketwire - July 12, 2010) -  Green Automotive Company Inc. (PINKSHEETS: GACR) announced today that the company signed a Ten Store Contract with the Rohrman Auto Group (www.rohrman.com) ranked as the number 15th largest Auto Dealer Groups in America, with over 36 dealerships in operation. 

Bob Rohrman, Chairman & CEO of the Rohrman Auto Group stated, "I started the Bob Rohrman Auto Group based on the single proposition that the customer is the most important person at the dealership. I realized long before research companies created customer satisfaction surveys that the only way to keep a business thriving was to treat your customers well." 30 years later and 36 dealerships operating featuring the brands; Lexus, Honda, Acura, Ford, Lincoln, Scion, Mercury, Subaru, Hyundai, Mitsubishi, Suzuki, Infiniti, Nissan, Toyota, KIA, Volkswagen and now Zotye.

Green Auto CEO Steven Fly stated, "This is a tremendous group that has a solid foundation and demonstrates the vision of the Automotive Industry and the shifting changes to Electric Vehicles. We look forward to supporting this group as we qualify more high-caliber applicants in our quest to build a solid nation-wide Dealer Group that will be responsible for thousands of new Zotye SUV's across America."

The Company's new dealer program requires a minimum monthly quota of 20 new SUV purchases per month. If all ten locations hit their target, this could lead to gross volume of 2,400 SUV's and gross sales of $66,000,000. The Company will also be producing new innovative marketing and Dealer Traffic Programs to drive new sales to each dealer.

The new consumers plan "Build Your SUV" Program -- is being tested and will be uploaded soon through their new modified website; www.usaelectricauto.com and expanding their distribution and sales model to now allow Consumers Options such as Theme Wraps, Custom Wheels, Interior Combinations and Electronics. Once a Consumer completes their design the new SUV should be available for delivery within 180 days. Partial payments of $995.00 start the process.

The recent success of Green Auto exhibiting the new all-electric SUV at the Barrett-Jackson Auto Show in Orange County, CA during June 25-27 2010 brought out thousands of auto enthusiasts, dealers, members of the media, investment bankers and a very high profile list of celebrities to include Government Officials.

The Zotye Electric SUV Vehicle comes standard with: Leather seating, Navigation, Back up camera, A/C & Heat, Power windows/ locks, DVD Audio System, Integrated electric system monitoring screen, Regular On Board Charging and fast charging port, Automatic transmission (8:1 ratio), Five Door 4 seats, Electric SUV (Lithium Ion Battery) Max Speed: up to 70 mph, with a range of up to 250 miles. The Vehicle comes with a 3 Year /36,000 Mile Warranty and a 185,000 mile warranty on the battery. Info: (www.zotyeglobal.com).

About Green Automotive Company Inc.:

Green Automotive Company is an import/distributor of Electric Cars/SUV's to North America. More info visit; www.usaelectricauto.com

Safe Harbor Statement - This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Green Automotive Company Inc., does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.

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