Li-ion Motors Corp. (OTCBB: LMCO) (FRANKFURT: LL9L) Signs Acquisition Letter of Intent With Red Roadster Corporation, a Nevada Corporation
(firmenpresse) - BEND, OR -- (Marketwire) -- 09/26/11 -- Li-ion Motors Corp. (OTCBB: LMCO) (FRANKFURT: LL9L) , and Corporation Corp. have announced the signing of a non-binding Letter of Intent ["LOI"] to explore the acquisition by of Corporation. Corporation is a privately-held Nevada corporation which created and sells the unique three-wheel, natural gas-powered vehicle which gives the company its name. is a Nevada corporation seeking to acquire privately-held companies with strong engineering and technology portfolios which would thrive as part of a public entity.
"We are very excited about this first acquisition by in the area of green, energy-efficient transportation technology," said Ms. Stacey Fling, Pres. of Corp. "We plan to continue effecting acquisitions in the transportation industry that are complementary to, and synergistic with, the manufacturing of alternative energy vehicles."
The unique design of the encompasses both form and substance. It features new, patented engine technology powered by natural gas and natural gas products, as well as the new, patented products and services necessary to fuel the vehicle at home or at the office. Providing the connectivity for at-home re-fueling is included in the comprehensive pricing structure, though an owner may also obtain the service from their own natural gas supplier. In terms of styling, the is the ultimate personal vehicle, giving its one or two passengers an exciting automotive experience that is both aerodynamic and green. Each running on natural gas goes the equivalent of 70 miles per gallon of traditional gas, leading to maximum range per fill-up in excess of 400 miles. presently has over 1,200 vehicles orders (MSRP=$19,900), totaling more than $30,000,000 of back orders.
As part of the LOI Corporation is retaining an independent auditor to provide audited financial statements for its fiscal year, the financials will be in accordance with U.S. GAAP standards.
" Corporation looks forward to successfully consummating the LOI with Li-ion Motors, and are pleased to retain a P.C.A.O.B certified accounting firm to perform the audit on our financials," commented Edward Steinbeck, CPA, the New CFO of Corporation. "The audit is a necessary component to the due diligence process, as well as to accommodate high net worth investors and other alternative energy companies. We are confident that we will be able to execute definitive agreements once the audit is completed." Also assisting the process will be our proposed chief executive officer and in-house legal counsel, Mr. Alexander Kuhne, and our proposed chief technical officer, Dr. Ahmad Moradi, PhD.
For further information, please contact:
Mr. Michael Hurley
Securities and Exchange Commission-licensed representative
310-276-7335
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Datum: 26.09.2011 - 07:00 Uhr
Sprache: Deutsch
News-ID 1040608
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Motorcycles
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