SOURCE: Green Automotive Company

Green Automotive Company

December 01, 2010 09:00 ET

Green Automotive Completes Third Quarter Financial Disclosure

DALLAS, TX--(Marketwire - December 1, 2010) - Green Automotive Company Corporation (PINKSHEETS: GACR) announced today that the Company has submitted its third quarter financial report and necessary disclosure requirements with Pink Sheets for its ongoing compliance and reporting.

Green Auto Chairman & CEO Dan Elliott stated, "We are pleased to report the third quarter financials as well as other pertinent information to Pink Sheets as part of our compliance. Our goals are to become a fully reporting company in 2011 after we complete our FYE ending 2010 on 12/31/10. The Company has aggressive growth and financing plans and upon completion and available for public disclosure -- this info will be made available to all shareholders."

About Green Automotive Company Corporation:
Green Automotive Company is U.S. public company and the exclusive importer/distributor of Zotye Electric Cars/SUVs to North America. The company's shares are traded on the Pink Sheets under the symbol (GACR).

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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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