SOURCE: GT Legend Automotive

GT Legend Automotive

April 13, 2009 08:00 ET

GT Legend Automotive Announces Performance Electric Driveshaft Set to Be Introduced by September 2009

FULLERTON, CA--(Marketwire - April 13, 2009) - Electric cars will play a big role in reducing the world's greenhouse gas emissions. Electric vehicles could virtually become mainstream prices will come down as designs change to meet the needs and desires of the buying public. About 11 million hybrid and 3 million electric vehicles will be sold globally in 2020. They will make up 28% of those sold in the world's biggest markets. The government alone will need to spend about $70 billion in industry support says the Boston Consulting Group, a management consulting firm. Most of that money would go to help the auto industry engineer and manufacture the vehicles and to provide cash incentives to offset their high costs to consumers. These investments will require a firm commitment to reducing greenhouse gases, according to the report, regardless of cost.

Using technologies like the patented GT Legend Automotive (PINKSHEETS: GTLA) (www.gtlegendautomotive.com) performance "Electric Driveshaft" hybrid conversion, the consumer could see up to an additional 150 HP and over 400 ft lbs of torque while still embracing his performance or economy gas engine and potentially receiving over 100 MPG as a commuter driving up to 60 miles per day when in economy mode, all while decreasing their green house gas footprint by 90%. GT Legend Automotive is projecting sales of 1,000 units per month for the first year of their patent pending "Electric Driveshaft" which will enable the company to show strong earnings in 2010. "With the overwhelming response from potential distributors currently we could exceed our expectations and enhance our bottom line substantially," Joe Flores, President of GT Legend Automotive, was quoted as saying.

Hybrid cars today cost more to produce than similar non-hybrid models. While some consumers will pay more for electric cars even if they don't make it up in fuel savings, most won't, due to the lack of appearance and appeal. The average red blooded American, though conscious of the environment, wants and demands a performance car. GT Legend Automotive's patented "Electric Driveshaft" is ideal for almost all rear wheel drive cars and light trucks. Initially focusing on the Mustang, the New Camaro, and the exciting New Dodge Challenger, small SUVs and truck versions will be available as well.

This affordable patented device is an electric driven drive shaft that replaces the OEM drive shaft. It is made of a sequence of brushless motors that can deliver a range anywhere from 10 HP to 150 HP. When more Voltage is applied to the electric drive shaft you will see increased performance gains.

With GT Legend Automotive's patented "Electric Driveshaft" you will be able to "drive the car of your choice" without giving in to the small aesthetically challenged vehicles being marketed now.

SAFE HARBOR: Statements in this press release other than statements of historical fact, including statements regarding the company's plans, beliefs and estimates as to projections are "forward-looking statements." Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the company's SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the Company's judgment as of the date of this release. The Company does not undertake to update, revise or correct any forward-looking statements.

Contact Information

  • Contact:
    Parilla Investment Group
    Tom Parilla
    814-824-4326