Category: Investment, Fuel Cell Cars, Green, Renewable Energy
Green Car News; EVCARCO (OTCBB: EVCA) Expands Global Operations With the Opening of Latin American Alternative Vehicle Advisory to South American Countries
EVCARCO Board Approved Expansion to South America as Market for Alternative Energy Vehicles Receives Massive Government Support
DALLAS, TX and LIMA, PERU and BOGOTA, COLOMBIA - July 15, 2010 (Investorideas.com Newswire) - EVCARCO (OTCBB: EVCA), a publicly held company in alternative energy vehicles, announced today the board of directors has approved the expansion of EVCARCO operations into South America. The company has appointed Bogota, Colombia as its base of operations for the Texas Corporation.
The company, which is focused on alternative energy vehicles, has seen a dramatic increase in inquires from South America as well as specific government requests to supply all electric units for fleet use.
Scott ONEAL, COO, stated, "After visiting South America, and meeting in Colombia with government officials I was impressed at the willingness and Desire to create alternative energy fleets in several branches of government. It is the perfect time for EVCARCO to expand into these countries, noting that in some countries gas prices are nearly double U.S. regulated prices, making alternative fuel options financially viable even in developing nations.
EVCARCO plans to introduce the following elements to South America:
Dale Long, CEO, stated, "The environment is a global problem which is why we are looking at areas that need our products the most, when we look at Mexico City, Mexico with a 28 million population or Lima, Peru, we see huge requirement for real World Solutions, which is why we are now poised to enter the market."
At the time of print EVCARCO has key executives creating alliances with South American governments for long range programs aimed at fossil fuel reduction and adoption of electric vehicles.
EVCARCO (www.evcarco.com) is the first automotive retail group dedicated to deploying a coast-to-coast network of eco-friendly dealerships and vehicles. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric and alternative fuel vehicles. EVCARCO has developed a dealer network allowing growth into most US States by 2012.
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
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Investor Relations Contact Peter Hirsch General Counsel/Investor Relations 800-960-9663
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