www.usaelectricauto.com
www.usaelectricauto.com
IN A NUTSHELL
According to Plunkett Research, there were over 800 million automobiles on the road in 2007, with over 600 million of those being passenger vehicles. In recent years this number has steadily increased, due in large part to massive growth in China and India. While overall car sales both in the United States and abroad have fallen off in the last few years due to the economic recession, every year the aggregate number of cars on the road increases. The environmental impact is staggering-air pollution, degradation of plant and animal habitat, and even global climate change constitute the potential impact of internal combustion vehicle emissions. Given that along with the turbulent geopolitical climate, the ever rising price of petroleaum, and a growing outcry for energy independence, the demand for green cars grow exponentially. For those seeking a green car, the Green Automotive Company ("GREEN" or "GAC") proudly offers the first all-electric SUV distributed in North America - the 2011 Zotye AE SUV.
More and more consumers elect to purchase hybrid or all-electric vehicles ("EV" vehicles) for an increasingly variety of reasons. For example, the recent economic downturn forced many people in all different walks of life to reassess how they spend their money. The price of oil and petroleam increased significantly, and in turn so has the number of consumers who seek more energy efficient vehicles. The cost of operating an EV vehicle is a tiny fraction of that of a regular automobile. The changing tides of vehicle choices causes investment guru Warren Buffet to proclaim that he believes AE cars will be the only type of cars sold within 30 years from the present.
The United States, like many other developed nations, depends on and consumes a massive amount of oil. In the U.S. effort to become "green," politics have all but eliminated the exploration and utilization of U.S. domestic oil resources (e.g., oil shale, Northern Alaskan oil fields). This naturally causes a heavy dependence on foreign oil, most of which comes from the Middle East. Given the instability of the geopolitical climate, the aversion to exploiting domestic oil resources, as well the previously mentioned environmental hazards, the Obama Administration recently set forth the policy goal that by the year 2015 two million all-electric vehicles will rides the roads and highways of the United States.
GREEN will manufacture and import Zotye all-electric vehicles (including the 2011 Zotye AE SUV - the first all-electric SUV) in North America. Whether you are exploring green cars as an investment opportunity or for your own personal use, Zotye from GREEN is a terrific option. The 2011 Zotye AE SUV offers the U.S. and Candanian consumer a well-priced, rugged, and highly economical vehicle choice that will allow all-electric vehicles to handle conditions on road, off road, in the rain, and in the snow.
The 2011 Zotye AE SUV - taking the electric vehicle to new elevations.
www.usaelectricauto.com
THE BLACK & WHITE ON THE GREEN
DALLAS -- May 18, 2011 -- GREEN (OTC:GACR) (www.usaelectricauto.com) submitted an offer to purchase the assets of StarPoint USA Inc., the successor company to Daewoo Motor America Inc., and former importer of nearly 200,000 passenger vehicles into the U.S. from South Korea.
"Our interest in StarPoint USA has not been a secret," said Fred Luke, president of GREEN, a Dallas-based importer and distributor of eco-friendly vehicles. "We have been working with the company for over six months now in the testing and qualification of the All-Electric Sport Utility Vehicle in preparation for introduction to the U.S. market during the fourth quarter of this year." According to Luke, GREEN personnel discussed a business combination with StarPoint management earlier in their relationship, but elected to get to "get to know the company" better through a contractual relationship before taking the next step.
"With over 300 retail automotive dealerships covering a large number of the major metropolitan markets, StarPoint also has a vehicle distribution system, consisting of proprietary hardware and software, originally developed at a cost of over $100 million, used to manage and track all transactions relative to the importation and distribution of vehicles including post-sales parts, service, warranty and customer relations management," Luke said. "The addition of StarPoint to the Green Automotive organization has the potential to timely leverage StarPoint's existing dealership infrastructure and nationwide dealership network to enable us to enter the market on time, or perhaps sooner than originally expected, with a very potent pre-existing dealer presence."
Luke went on to say, "This proposed 'marriage' is still in its infancy, and I suspect that it may take a week or so for the StarPoint management to evaluate the value of the proposal, but I feel like the combination of our respective businesses as we've proposed will create a significantly stronger and more valuable company."
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DALLAS -- May 12, 2011 -- GREEN (OTC:GACR) (www.usaelectricauto.com) announced today that it plans to showcase its Company's All-Electric Sport Utility Vehicle (SUV) at the Orange County Technology Influencer Mixer and Summit on May 16, 2011 at the Atrium Hotel in Irvine, California. Green Automotive management and Company Spokesperson, Smokey Robinson, are expected to attend the event, and attendees will have the opportunity to test drive the GREEN's 2011 Zotye AE SUV prior to the launch of retail sales expected later this year.
Tech Coast Venture Network is hosting the OC Technology Influencer Mixer & Summit 2011, an historic two-day event with partners CompTIA, the world's largest technology association, the Technology Leadership Political Action Committee and Ingram Micro. Representatives from a wide spectrum of companies that conduct business in the area, including accounting, legal, marketing, investment banking, and technology are expected to attend the summit.
"The events will commence Monday, May 16th," said TCVN Chairman Ciaran Foley, "with an exciting evening networking mixer open to the public at the Atrium Hotel in Irvine, California. We've invited guest luminaries from the start-up, entrepreneurial, funding, technology and political worlds who are expected to discuss the current state of small business innovation and advancement in Southern California with local entrepreneurs and business leaders. The event will feature light hors d'oeuvres and drinks will be served poolside to the beats of a local DJ. OC Cigars of Laguna Niguel will be serving ARSEN Connoisseur Selection 2010 Dominican cigars exclusively for participants of the event."
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DALLAS -- April 4, 2011 -- GREEN (OTC:GACR) (www.usaelectricauto.com) announced signing a 10-year extension to their Exclusive Sole Agency Agreement with China-based Zotye. The detailed agreement includes a joint venture target in 2012 whereas Zotye and Green Auto anticipate opening a plant in the States for final assembly of the all-electric SUV. Mr. Wu Aibing from Zotye will work directly with Green Auto on this project in the U.S.
Green Auto signed the Agreement in Shanghai after a week of talks in China with Zotye, auto industry, and battery industry executives. Dan Elliott, CEO Green Auto, states, "A whirlwind visit to four cities in five days with numerous meetings was quite successful for Green Auto. We have obviously proven our ability to capture market share in the U.S. by landing this huge 10-year extension. We are going to be their sole agent in the States for the next decade. This partnership is significant to Green Auto and Zotye; they are as excited about this as we are. More importantly, it will have a broad effect on job creation both here and in China as the first high quality Chinese vehicles enter the premier U.S. market."
"Green Auto together with Zotye will work to open an assembly plant in the States under the Joint Venture. Zotye agrees with us: once the assembly line starts producing all-electric SUVs, once they hit the road, we can begin to realize our plan for high-end GREEN vehicles becoming the norm in the U.S." GREEN expects its attractive, rugged, AE SUV - priced around $30,000 USD - to capture a large share of the EV market in the United States and Canada because of the AE's versatile on and off-road performance, build quality, fit & fininsh, mileage radius, and dealer-customer focus.
About Green Automotive Company Corporation
Green Automotive Company is a U.S. public company that is launching all electric and CNG powered passenger vehicles in the North American market in 2011. The Company's shares are traded on the Pink Sheets under the symbol GACR. For more info visit www.usaelectricauto.com or write info@usaelectricauto.com.
About Zotye
Zotye International Holding Company is Chinese Corporation and a subsidiary of Zotye Holding Group. Zotye International is a foreign trade company and manufactures the all new electric ZOTYE AE SUV. See www.zotye.com/en
NATURE OF THIS SECURITY
Potential investors should take notice. GACR is a moderate to high risk, long-term (e.g., one to three years) stock with potentially significant growth/returns and equally potential business failur/loss of investment. If potential investors seek potentially signficant long-term returns and are willing to assume the inherent high risk of loss involved with green, OTC start-ups like GACR, then this stock seems good place for such investors. See www.usaelectricauto.com.
DISCLAIMERS
Safe Harbor Statement - The above press releases include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in these releases that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Ganas Corporation does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law. For further information email GREEN at info@usaelectricauto.com.
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