SOURCE: Kandi Technologies, Corp.
February 14, 2011 14:04 ET
Kandi Technologies Retains Lambert, Edwards & Associates as Investor Relations Advisor
JINHUA, CHINA--(Marketwire - February 14, 2011) - Kandi Technologies, Corp. (NASDAQ: KNDI) a leading Chinese exporter of off-road vehicles and developer of the "COCO" all-electric vehicle, today announced it has retained investor relations agency Lambert, Edwards & Associates (LE&A). LE&A will assist the Company in communicating its corporate strategy to shareholders, the investment community and media.
"We look forward to leveraging Lambert, Edwards & Associates' proven expertise in the automotive and outdoor recreation industries, as well as their strong experience with small-cap growth stories like ours," said Xiaoming Hu, CEO and Chairman of the Board of Kandi Technologies. "Our line of environmentally friendly electric vehicles continues to shape the future of personal transportation in China and globally. As we work to expand our business, we are confident this partnership will enhance Kandi Technologies' global image."
LE&A ranks among the top 20 investor relations firms in the U.S. and serves a diverse client base of small and mid-cap public companies that include automotive suppliers and service providers from all tiers of the supply chain, and from 20 states and five countries.
"We are very pleased to join the Kandi Technologies team as their investor relations counsel," said Jeff Lambert, president and managing partner of LE&A. "We believe Kandi has a compelling story built on a strong core business in ATVs and go-karts, coupled with a more dramatic opportunity in the electric vehicle manufacturing market and their unique battery 'express change' business model. We are looking forward to sharing this message with the financial community to enhance and diversify Kandi's current shareholder base and support the Company's growth over the long term."
About Kandi Technologies, Corp.
Kandi Technologies, Corp. (NASDAQ: KNDI) is a manufacturer and exporter of go-karts and a variety of other specialty vehicles in China, making it a world leader in the production of popular off-road vehicles (ORVs). It also ranks among the leading manufacturers in China of all-terrain vehicles (ATVs), and specialized utility vehicles (UTVs), and the recently introduced second generation high mileage, two-seat three-wheeled motorcycles. A major company focus has been on the manufacture and sales of highly economical, beautifully designed, all-electric super mini cars for neighborhood driving and commuting. The convertible and hardtop models of the COCO electric vehicle (EV) are available in the U.S. and other countries, while the Chinese government has approved the sale of Kandi EVs in China since 2010. The Company's products can be viewed at http://www.kandivehicle.com and its corporate website is http://www.chinakandi.com.
About Lambert, Edwards & Associates
LE&A (www.lambert-edwards.com) is a top-20 investor relations firm nationally and top Midwest-based PR firm with more than 100 clients based in 20 states and five countries. LE&A serves small- and mid-cap companies and national brands in five practice areas: Automotive, Consumer, Financial Communications, Health Care and Public Affairs. LE&A has posted 11 consecutive years of growth and earned four Silver Anvil awards -- the profession's highest honor -- in the past four years, including the 2008 Small-Cap IR Program of the Year.