EVCARCO's Corporate Development Update Regarding Its Future Driven(R) Brand
(firmenpresse) - FORT WORTH, TX -- (Marketwire) -- 03/22/12 -- (OTCBB: EVCA) (OTCQB: EVCA)® today announced updates to the shareholders and investment community on recent corporate developments, future plans, growth strategies, capital needs and changes to its share structure.
The Company has been working diligently to cultivate several, potentially valuable joint partnerships, identify new markets with products that provide carbon reduction technologies, sales channels, and sources of revenue.
As the Company moves forward, it continues to operate from its Micro-New Car Dealership in Ft. Worth, Texas, that has generated cumulative gross revenues of $2,208,948.00, as of the last reported period of September 30, 2011. These revenues represent sales of new electric cars, EV charging stations, and pre-owned vehicles. The Company also continues to expose and market its Master Franchise and Single Locations Franchises opportunities of the Future Driven® Dealership Franchise.
On February 22, 2012, the Company announced that it signed a Memorandum of Understanding (MOU) with HFX Laboratories, Inc. regarding the market development, testing and licensing of the HFX4 Hydrogen Hybrid Combustion/Fuel Enhancement Systems. The Company is currently conducting tests of the HFX4 Hybrid System. The system produces hydrogen for use as a catalyst in the vehicle's combustion system. The hydrogen catalyst is introduced into the vehicle's air intake to completely utilize the fuel in the combustion process. The goal is to find in EVCA's Due Diligence, results of 20% to 35% improvement in MPG and a reduction in emissions in the range of 60%, depending on engine efficiency.
Mack Sanders, CEO of EVCARCO, stated, "We have continued to work on expanding and growing acceptance of environmentally friendly vehicles. With recent increases in gasoline and diesel, we expect more consumers will feel the pain at the pump and embrace our products."
Effective November 30, 2011, the Company amended its Articles of Incorporation to increase authorized capital. The increase was necessary in order to accommodate conversion of debt taken on over the same year. As of the date of this release, significant portion of the convertible notes payable has been paid off.
For more information on EVCARCO Inc., please view: . Shareholder inquiries should be directed to (972) 571-1624.
® focused on deploying a coast-to-coast network of environmentally friendly franchised dealerships, vehicles, technologies and sustainable solutions. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric, alternative fuel, and pre-owned hybrid vehicles from multiple manufacturers.
This release contains forward-looking statements that reflect EVCARCO Inc. plans and expectations. In this press release and related comments by Company management, words like "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions are used to identify forward-looking statements, representing management's current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.
Investor Relations Contact:
Jack Eversull
The Eversull Group, Inc.
972-571-1624
214-469-2361 fax
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Datum: 22.03.2012 - 08:00 Uhr
Sprache: Deutsch
News-ID 1095522
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