Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I agree. Shorting this stock would be really stupid. Let's hope that tomorrows earnings report from DDD will take this up with it.
Is Management Involved in the Promotion?
Is the assumption on this board that the management of Soul and Vibe are involved in the pump? I was involved (bought stock) in the Echo Automotive run up and to this day their management claims they were not involved and never sold any stock during the pump or dump.
Perhaps management is not involved and this is just one way to show they are not.
Just my thoughts.
BTW - I still own the Echo Stock.
Looks like today was the exception to the rule. Glad I sold on Friday. I learned a very good lesson - do not hold over the weekend.
Who is BDPS?
Can someone tell me where to find the quarterly and annual reports on this company? I searched Edgar and the last report filed by IENT was in 2003.
Thanks.
WOW New HOD $1.50
I am out at 1.353 on 10K shares. Still holding some just in case.
Wow! I have been following this stock for about 6 months. I was hoping that it would pop based upon performance and not a P & D. I was able to pick up 10K shares at .40 when I saw it making a move. The dilemma now is to hold or not. I have not seen the amount of pumpers on this board that I did when I was riding ECAU - Echo Automotive up.
Can you experienced guys me an idea on where we are on this baby? Are the promoters still building up their shares? Any idea what major promoter is behind this?
I see where some small time promoters jumped on the band wagon once this started to make its move. I have not seen any P & D ads for this one.
All comments appreciated.
SChris
Can someone please direct me to where the history is on this company. I am new to this stock and see where they used to trade at a very high value and then went down. I am long and wanting to get in even deeper. Would like to know the history before I dive in deeper.
Also - why did they do a 10:1 split in 2012?
Thanks.
Schris
It also appears that the stock is not trading.
Echo Automotive Files Form 10-K for 2012 Year End
http://finance.yahoo.com/news/echo-automotive-files-form-10-132500961.html
SCOTTSDALE, AZ--(Marketwired - Apr 16, 2013) - Echo Automotive, Inc. (OTCQB: ECAU) ("Echo Automotive," "Echo" or the "Company") a developer of technologies enabling the cost effective conversion of existing fleet vehicles into fuel efficient hybrids and plug-in hybrids, today announced that it has filed its Annual Report on Form 10-K for the full year ended December 31, 2012, with the U.S. Securities and Exchange Commission ("SEC").
The 10-K report is inclusive of the Company's audited year end financial statements and Management Discussion and Analysis ("MD&A"), which is an integrated part of the financial statements. The report also provides a business overview and risk disclosures.
Additionally, Echo announced that the Company has amended and restated its previously announced agreement with CleanFutures LLC. The amended agreement grants Echo perpetual licensing rights to CleanFutures Technology patents, including the CleanFutures belt drive technology, with no additional royalty fees.
"Our 2012 accomplishments have given Echo a very strong foundation for continued growth that allows us to accelerate our plans for our technology and market developments in 2013," stated Dan Kennedy, Echo's CEO. "We are very pleased with our ongoing product development and how well the industry has responded to EchoDrive™."
Additional details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information, visit our website at: www.echoautomotive.com.
About Echo Automotive, Inc. (OTCQB: ECAU)
Echo Automotive, Inc. develops technologies and products designed for cost effective conversion of existing vehicles into fuel-efficient hybrids and plug-in hybrids. The key to Echo's strategy is the bolt-on nature of its solution that introduces little or, in some cases, almost no additional points of failure, making it low risk compared to competing solutions. For more information, please visit www.echoautomotive.com.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new technologies and development stage companies. These forward-looking statements are made as of the date of this news release and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our current report on Form 8-K filed October 15, 2012, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact:
CONTACT:
David Waldman
Natalya Rudman
Crescendo Communications, LLC
Tel: 212-671-1020 x304
Email: ECAU@crescendo-ir.com
www.EchoAutomotive.com
Echo Automotive Completes Major Acquisition of Bright Automotive Assets
SCOTTSDALE, AZ--(Marketwired - Apr 11, 2013) - Echo Automotive, Inc. (OTCQB: ECAU) ("Echo Automotive," "Echo" or the "Company"), a developer of technologies enabling the cost effective conversion of existing fleet vehicles into fuel efficient hybrids and plug in hybrids, today announced the execution of a voluntary Exchange Agreement with Advanced Technical Asset Holdings ("ATAH") through issuance and filing of a form 8-K with the Securities and Exchange Commission ("SEC") regarding this major event.
The voluntary exchange between the two companies transfers to Echo the ATAH assets and intellectual property which were acquired by ATAH from Bright Automotive.
"We are very pleased to complete this transaction," stated Dan Kennedy's, Echo's CEO. "This gives Echo a broad suite of technologies, intellectual property, and patents that significantly expands Echo's capabilities and portfolio. In addition, this acquisition opens up new product opportunities for Echo and will allow Echo to better serve the increasing demand for OEMs in need of real-world experience, technologies and IP."
The Company further stated that the acquisition of the assets, IP and multiple patents significantly strengthens the Company's overall market segment positioning. The Company acquired Bright Automotive R&D which Echo estimates to be tens of thousands of hours at a cost in the tens-of-millions of dollars. Echo additionally disclosed that the IP and assets contained with this transaction are inclusive of several fully developed prototype vehicles, including the revolutionary Bright IDEA vehicle, and other IP and engineering data.
"We are excited to incorporate these technologies into our near and long term strategies," added Jason Plotke, Echo President and Co-Founder. "Our EchoDrive™ technology was validated by winning the Most Innovative Product award at NTEA earlier this year, and our engineers and developers are looking forward to applying our expertise to the technology we acquired as part of the this transaction in order to meet the increasing demand and opportunities in the sector."
The Company has filed an 8K Form disclosing the voluntary exchange between Echo and ATAH and containing the details of the transaction with the SEC. The exchange terms include the issuance by Echo of six million (6,000,000) shares of its common stock to ATAH for the ATAH assets and intellectual property, all of the outstanding ATAH member units, and $500,000 of cash from ATAH.
In related news, Echo filed an extension earlier this week with the SEC regarding its 10-K filing and will be filing the 10-K this coming week which will include business updates as part of the SEC disclosure requirements.
Additional details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information, visit our website at: www.echoautomotive.com.
About Echo Automotive, Inc. (OTCQB: ECAU)
Echo Automotive, Inc. develops technologies and products designed for cost effective conversion of existing vehicles into fuel-efficient hybrids and plug-in hybrids. The key to Echo's strategy is the bolt-on nature of its solution that introduces little or, in some cases, almost no additional points of failure, making it low risk compared to competing solutions. For more information, please visit www.echoautomotive.com.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new technologies and development stage companies. These forward-looking statements are made as of the date of this news release and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our current report on Form 8-K filed October 15, 2012, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact:
CONTACT:
David Waldman/Natalya Rudman
Crescendo Communications, LLC
Tel: 212-671-1020 x304
Email: ECAU@crescendo-ir.com
www.EchoAutomotive.com
Looks like the PP Investors took away $58,500 today. Let's hope they make more tomorrow too.
Interesting to see that real investors (not like those who bash the stock on this board) are willing to put this amount of money into Echo Automotive. Perhaps they know a little more about where this company is going than the rest of us.
I take this as good news.
Looks like the 10-K will be delayed. Here is the report stating the reason from the SEC - EDGAR website.
Please note that their Arizona address is listed below.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check one):
SEC FILE NUMBER
000-53681
CUSIP NUMBER
278750 104
[ x ] Form 10-K [ ] Form 20-F [ ] Form 11-K
[ ] Form 10-Q [ ] Form 10-D [ ] Form N-SAR [ ] Form N-CSR
For Period Ended: December 31, 2012
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
PART I — REGISTRANT INFORMATION
Echo Automotive, Inc.
Full Name of Registrant
N/A
Former Name if Applicable
15029 N. 74th Street
Address of Principal Executive Office (Street and Number)
Scottsdale, AZ 85260
City, State and Zip Code
--------------------------------------------------------------------------------
PART II — RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)
x (a) The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense
(b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
PART III — NARRATIVE
State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q,10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
Information necessary for the filing of a complete and accurate Form 10-K could not be gathered within the prescribed time period without unreasonable effort and expense.
PART IV — OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification
Rodney H. McKinley (855) 324-7288
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed ? If answer is no, identify report(s).
[ x ] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof ?
[ ] Yes [ x ] No
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
Echo Automotive, Inc.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date: April 1, 2013 By: /s/ Rodney H. McKinley
Rodney H. McKinley
Title: Chief Financial Officer
--------------------------------------------------------------------------------
Kev2128 - Thanks.
Did you attend the NTEA truck show in Indianapolis in early March where they received the "Best of Show Award" or the investor's meeting last week where they showed their technology and explained their business plan for the way forward?
I am just trying to get a feel of what information you are basing your comments on.
10-K should be out around 1 April. The financing details should be discussed in it.
During the investor's meeting they stated that current operating funds are coming from private placement of debt. They did not elaborate beyond this.
I did talk with one member of the senior management team about this and he confirmed that they have private investor(s) with deep pockets.
If you look closely at the senior management team and dig into their past, you will see that they are here to make money. They are not rookies at this business (making money).
Stock will continue to fall until there is a contract announcement. Once these announcements start coming in, we should see a considerable reward.
The question one must ask is: Should I buy now or wait?
I do agree that this stock will continue to decline until some real news of a contract is released.
Echo Automotive Holds Successful Investor Open House at Indiana Facility
Open House Held March 22nd Deemed a Positive and Constructive Event
INDIANAPOLIS, IN--(Marketwire - Mar 26, 2013) - Echo Automotive, Inc. ( OTCQB : ECAU ) ("Echo Automotive," "Echo" or the "Company"), a developer of technologies enabling the cost effective conversion of existing fleet vehicles into fuel efficient hybrids and plug-in hybrids, is very pleased to advise on the outcome of the investor open house held last week at its Anderson, Indiana R&D facility.
The Company is grateful to each and every attendee for their participation in its first ever investor open house. The theatre-style presentation was held at Echo's research lab and included a full scale chassis containing a complete EchoDrive™ system in order to fully outline the technology as well as the many features and benefits.
"We were very pleased by the response and active interest from the many people who wished to attend," stated Jason Plotke, Echo's President. "Anderson isn't exactly in a metropolitan area, so for those folks that attended our open house, their participation showed a clear desire to actively engage with us, which we viewed as a tremendously positive indication of their interest."
The Company offered a structured agenda that kicked off with an introduction of key executives and senior management. The list included Echo's key technical staff including Dave Crecelius (VP Engineering), Sean Stanley (VP System Integration), John Waters (CTO), and Jeff Ronning (VP System Architecture) in addition to Patrick van den Bossche, Echo COO/Managing Director, Jason Plotke, Echo President, and Amy Dobrikova, VP of Sales and Marketing. Patrick van den Bossche provided a detailed business update followed by a full development plan overview by Jason Plotke and lastly, a technical overview provided by Dave Crecelius.
There was a wide-ranging question and answer session held immediately upon completion of the presentations during which the Company made available its entire key management team. The Echo team fielded questions ranging from highly technical to business oriented questions; including sales, distribution and commercial overview queries. Echo Automotive further wishes to advise it will shortly provide a video of the entire presentation (along with much of the Q&A session) on its corporate website at www.echoautomotive.com.
"There were very good questions which indicated outstanding thoughtfulness and preparation on the part of the many Echo investors in attendance," stated Patrick van den Bossche, Echo COO/Managing Director. "They came prepared and they were very engaged."
The Company went on to provide a tour of its facilities and also gave attendees an opportunity to participate in a ride and drive of the EchoDrive™ demonstration vehicle. Echo reported positive feedback and comments from all participants. Many congratulations were also offered to the Company for its product and business accomplishments to-date. Particular recognition was made regarding the recent 2013 NTEA Work Truck Editor's Choice Award won by Echo.
"Quite a few of the attendees were truly surprised how efficiently and logically designed the EchoDrive™ system is," added Dave Crecelius, Echo VP of Engineering. "They took a close look at the system and were extremely complimentary of its elegant simplicity."
As a continuation of the transparent management style the Company exhibited at the Open House, Echo Automotive encourages all interested parties to contact Echo at any time. Questions or comments can be submitted to our Investor Relations team at the following link: http://www.echoautomotive.com/contact/investorinquiry, and we look forward to your interest.
Additional details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information, visit our website at: www.echoautomotive.com.
About Echo Automotive, Inc. ( OTCQB : ECAU )
Echo Automotive, Inc. develops technologies and products designed for cost effective conversion of existing vehicles into fuel-efficient hybrids and plug-in hybrids. The key to Echo's strategy is the bolt-on nature of its solution that introduces little or, in some cases, almost no additional points of failure, making it low risk compared to competing solutions. For more information, please visit www.echoautomotive.com.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new technologies and development stage companies. These forward-looking statements are made as of the date of this news release and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our current report on Form 8-K filed October 15, 2012, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
.
.
Contact:.
.
CONTACT:
David Waldman/Natalya Rudman
Crescendo Communications, LLC
Tel: 212-671-1020 x304
Email: ECAU@crescendo-ir.com
www.EchoAutomotive.com
Orionspath - Wow!
This is a great article. I wish we could more info from HALB on this effort.
Thanks for sharing!
Notes from Investor’s meeting on 22 March 2013 at Anderson, Indiana facility
Below are the notes that I took at the investor’s meeting on 22 March. The briefing took place in their shop area and was followed by a test ride in their Echo equipped van. This was the same van that Mayor Ballard drove in the video on their website.
The bottom-line that I left the meeting with was that they are real, they have a product and they plan to have sales in 2014.
Questions and Answers:
1. When will the 10-K & 10-Q reports be out?
Answer: 10-K will be out on 1 April 2013. It will cover the year ending 31 Dec 2012.
2. When will we see any news of a contract?
Patrick V stated several times that Echo was still in development phase. He then provided the following timeline:
Data gathering stage – now
Pilot stage – Summer 2013
Validation stage – end of 2013
Delivery to customer – Q1 2014
I then asked if they planned to deliver in one year (Q1 2014) when did he expect to see the contracts for these deliveries. He basically would not answer this question.
They admitted that the Echo drive is not for every company. They stated that their value proposition was with companies that do a lot of stop and starts. Their system is not designed to work well with delivery trucks going down the road at 55 MPH for a long time. Their value is in delivery type trucks that do a lot of stopping and starting in a lower speed environment (city).
3. How does the 2nd generation system differ from the 1st?
Answer: They are always looking at ways to improve the system and would not discuss future improvements.
4. What is the current estimate of the conversion cost?
Answer - The total conversion cost depending upon the vehicle will be between $11K - 13K. The kit itself will be between $10k - $12k and the cost of installation will be less than $1K. They mentioned that Meineke and Dickenson Fleet Services are both under contract to do the installs. The time required to install is 4 – 6 hours. They mentioned a shop rate at Meineke between $85 - $110 an hour.
Here are some random notes:
a. They currently have 3 units that are installed in vehicles.
b. Current design is for automatic transmissions only.
c. The battery design life is about the same as the vehicle design life – about 10 years.
d. Most benefits of their system come from stops and starts – not much benefit at 55 MPH on the highway.
e. Total weight of the system is about 500 pounds.
f. All employees are receiving stock options.
g. 70% of the stock is owned by the management and no stock has been sold from this 70%. This was made in reference to the pump and dump. They wanted to be clear that they did not participate in the pump and dump and did not profit from it. Company is currently being funded with private debt placement. This will be explained in the 10-K coming out on 1 April.
h. Warranty issues for the installed vehicles were talked about. There were two points made:
- There is some type of legislation that has been passed that prevents the automakers from voiding the warranty based upon systems of their type being added to vehicles. They did not provide all the details.
-They are planning on offering a 3rd party warranty to ensure there are no issues on the warranty.
i. They have multiple suppliers for all components and not dependent upon any one supplier for any specific component.
j. They use the E-250 in a lot of their literature because it is one of the most widely used chassis in their target market. Their system will also work on other models and makes.
k. During the briefing the media company representatives were introduced and Patrick Van Den Bossch stated that if we had questions about the company after the briefing that we should contact the media company. Their contact info is:
David Waldman/Natalya Rudman
Crescendo Communications, LLC
Tel: 212-671-1020 x304
Email: ECAU@crescendo-ir.com
www.EchoAutomotive.com
zyx1 - Here is the contact info for you to ask your questions:
CONTACT:
David Waldman/Natalya Rudman
Crescendo Communications, LLC
Tel: 212-671-1020 x304
Email: ECAU@crescendo-ir.com
www.EchoAutomotive.com
During the briefing the media company representatives were introduced and Patrick Van Den Bossch stated that if we had questions about the company after the briefing that we should contact the media company.
wadew - just returned from the meeting and here are your answers:
1. Could you please ask about a question on the conversion cost please? They claim that the cost is about $10000. However, the Remy HVH250 motor they used costs a little more than $10000, and the Lithium-ion battery pack would cost more than $5000. The controller, inverter, charger, and labor together may also cost a few thousands.
Answer - The total conversion cost depending upon the vehicle will be between $11K - 13K. The kit itself will be between $10k - $12k and the cost of installation will be less than $1K. They mentioned that Meineke and Dickenson Fleet Services are both under contract to do the installs. The time required to install is 4 – 6 hours. They mentioned a shop rate at Meineke between $85 - $110 an hour. They disagreed on the costs that you posted for the components. I was told that you are way too high.
2. Another question would be on fuel efficiency before and after the kit installed on the Ford E250.
Answer - The vehicle will see a 50% increase in fuel efficiency and a 33% savings in fuel costs.
3. Could you please try to see or ask if they have another demo car with the BEV mode, and if so, which configuration they used for it (i.e. where the motor is attached, pre or post the transmission (gear box))?
Answer - The BEV configuration is a future configuration and they have no vehicle set up as a BEV only vehicle. During the test drive they did stop and turn off the engine and used the electric motor only to take off from a halt. The electric motor was able to propel the van on its own. They have a see through plate in the van and I was able to see the electric motor in the test van. It was mounted directly to the transmission. They mentioned that you have to remove the “snow cone”. The drive shaft is OEM and did not have to be cut or lengthened. Note: I do see your point on where the electric motor will be mounted in a BEV only vehicle. This was not discussed and I did not visualize this until I got home.
I will send a separate message with the answer to my questions.
Wadew - Thanks for the input.
I will add your questions to the list.
zyx1 - It mounts very close to the transmission within the drive train.
I saw this on their display model at the NTEA Show in Indy a couple of weeks ago.
I am not sure why they are not showing this in the pictures on the website. I will ask them why they are not showing this on drawings.
The motor is also a generator and generates power (that is stored in the batteries) when not needed for forward acceleration.
Investor's Conference is on Friday March 22 @ 2 PM.
Here are some questions that I plan to ask:
1. When will the 10-K & 10-Q reports be out?
2. When will we see any news of a contract?
3. How does the 2nd generation system differ from the 1st?
My guess is that they will have some type of announcment to make at this conference.
I will send a report after the conference.
Has anyone on this board visited HALB? I would be curious to know what their operations look like?? Number of employees??
I do agree with one poster that their images are not of the quality that I would like to see from a company that I am invested in. I am in business development and I have a pretty good idea of what is needed to market a product to a new customer.
I was a little surprised when they signed a manufacturing contract with Gevers Aircraft. The Gevers aircraft is not a UAV. It is a full sized manned aircraft that is still being developed.
I have sent the president of the company (Reuben Lowing) several messages and he has not replied. I am wondering what is going on at HALB.
I am not negative on the company, but I am a little skeptical on where they are heading and what the plan is to get there.
kezzek,
Thanks for posting this. It was very informative and helps me understand what appears to be going on with this stock.
This would be my last choice of raising capital.
I 100% agree. They need contracts to get this stock moving. I look forward to hearing what is said on Friday at the investor's conference.
Echo Automotive Receives NTEA's Work Truck Show 2013 Editors' Choice Award
Echo Automotive Awarded Editors' Choice Award for Most Innovative New Product at The Work Truck Show(R) 2013
Press Release: Echo Automotive – 16 minutes
View PhotoEcho Automotive's Amy Dobrikova, VP Sales & Business Development(L), receives prestigious NTEA (National Truck Equipment Association) Editors' Choice Award on Behalf of Echo at The Work Truck Show(R) 2013 from Steve Carey, NTEA executive director
INDIANAPOLIS, IN--(Marketwire - Mar 19, 2013) - Echo Automotive, Inc. ( OTCQB : ECAU ) ("Echo Automotive," "Echo" or the "Company"), a developer of technologies enabling the cost effective conversion of existing fleet vehicles into fuel efficient hybrids and plug in hybrids, announced today that it received the prestigious NTEA (National Truck Equipment Association) Editors' Choice Award at The Work Truck Show® 2013, NTEA's annual trade event held March 5-7 at the Indiana Convention Center in Indianapolis, Indiana.
Echo Automotive was the recipient of the award in recognition of its flagship product, the EchoDrive™ bolt-on hybrid electric kit for fleet vehicles that was showcased at the Company's booth throughout the well-attended trade show. Echo Automotive views this award as commercial validation on how well the EchoDrive™ technology resonated with the marketplace.
"The Work Truck Show is the launching pad for dozens of new products every year," said Steve Carey, NTEA executive director. "That our panel of trade media editors and fleet managers chose the EchoDrive bolt-on hybrid electric kit as the most innovative product introduced at the show is a testament to the product's uniqueness and potential value to the industry."
Echo reported positive feedback and reviews by all participants who visited their booth or enjoyed the opportunity to drive the EchoDrive™ demonstration vehicle. The Company also noted a number of sales inquiries for its EchoDrive™ product at the show, as well as strong and steady crowds in its booth. It also experienced favorable feedback from participants who drove the EchoDrive™ demonstration vehicle as part of the "Green Truck Ride-and-Drive" program at the Work Truck Show.
"Receiving the Work Truck Show 2013 Editors' Choice Award accentuates the tremendous efforts and results from a fantastic show we had at the NTEA event," stated Jason Plotke, Echo President. "We were advised that over 120 products were eligible for this award at the show. Consequently, we view the receipt of this award as a significant third-party market validation that EchoDrive™ is being well received by the marketplace."
In related news, the Company wishes to remind of its Open House and Investor Day scheduled March 22nd at 2pm EDT at the Company's Anderson, Indiana facility. Space is becoming limited, so please visit the Company website (www.echoautomotive.com) to register (see link on the home page) or if you prefer to register in person (or have questions), please contact Investor Relations representatives David Waldman or Natalya Rudman by phone (212-671-1020 x304) or email: investors@echoautomotive.com.
"After the success at the trade show, our upcoming Investor Day announced for March 22nd is a perfect follow up to the strong showing we had at the NTEA event," added Dan Kennedy, Echo Automotive CEO. "We are excited about continuing to showcase our product and abilities to the marketplace."
Additional details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information, visit our website at: www.echoautomotive.com.
About Echo Automotive, Inc. ( OTCQB : ECAU )
Echo Automotive, Inc. develops technologies and products designed for cost effective conversion of existing vehicles into fuel-efficient hybrids and plug-in hybrids. The key to Echo's strategy is the bolt-on nature of its solution that introduces little or, in some cases, almost no additional points of failure, making it low risk compared to competing solutions. For more information, please visit www.echoautomotive.com.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new technologies and development stage companies. These forward-looking statements are made as of the date of this news release and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our current report on Form 8-K filed October 15, 2012, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact:
CONTACT:
David Waldman/Natalya Rudman
Crescendo Communications, LLC
Tel: 212-671-1020 x304
Email: ECAU@crescendo-ir.com
www.EchoAutomotive.com
Thanks. It must just be Yahoo, but things do not look right today for HALB on the Yahoo website.
Does anyone have any idea what is going on today? Yahoo shows no price activity so far today. I would like to think that something big is going on and that trading was halted / delayed opening. Probably just my wishful thinking.
Upward movement since yesterday is good. Does anyone have any idea why? I have seen no news on why this might be moving.
Pump and Dump?
Would someone please send a note to Meineke and let them know that this is a pump and dump.
Echo Automotive and Meineke Sign Installation and Service Center Agreement
Meineke Car Care Centers to Provide Installation, Service, Inspection and Repairs of Echo Automotive Products
INDIANAPOLIS, IN--(Marketwire - Mar 12, 2013) - Echo Automotive, Inc. ( OTCQB : ECAU ) ("Echo Automotive" or the "Company"), a developer of technologies enabling the cost effective conversion of existing fleet vehicles into fuel efficient hybrids, today announced the signing of an agreement with Meineke Car Care Centers, Inc. (www.meineke.com) to serve as a national service center and installer for Echo Automotive™ systems.
"We are extremely pleased to have Meineke onboard as a strategic partner," commented Jason Plotke, Echo Automotive Chairman and President. "Our relationship with Meineke greatly assists us in scaling our business through the support of this highly recognized and respected national service provider and is a tangible advantage we are delighted to offer our customers."
There are approximately 900 Meineke franchises throughout the United States, Canada, Mexico, Brazil, China, Saudi Arabia and the Caribbean. Meineke franchisees have serviced more than 50,000,000 vehicles since 1972. The American Association of Franchisees & Dealers recognized Meineke in 2001 as its first automotive industry franchisor to earn the coveted Fair Franchising Seal. Meineke regularly appears in Entrepreneur Magazine's Annual Franchise 500 (55th overall and #1 in class for 2011), a list of the 500 best franchise opportunities in America.
Echo Automotive is focused on the importance of having key vendor relationships as part of its business plan. "We view collaboration and strategic partnering as a smarter way to go to market," adds Dan Kennedy, Echo CEO. "We are an integrator and believe that having dedicated upstream and downstream partners is crucial to providing the very best solutions for our customers."
In related news, the Company wishes to remind readers of its upcoming Open House and Investor Day March 22nd scheduled for 2pm ET at the Company's Anderson, Indiana facility. Space is becoming limited, so please visit the Company website (www.echoautomotive.com) to register (see link on the home page) or if you prefer to register in person (or have questions), please contact Investor Relations representatives David Waldman or Natalya Rudman by phone (212-671-1020 x304) or email: investors@echoautomotive.com.
Additional details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information, visit our website at: www.echoautomotive.com.
About Echo Automotive, Inc. ( OTCQB : ECAU )
Echo Automotive, Inc. develops technologies and products designed for cost effective conversion of existing vehicles into highly fuel-efficient hybrids and plug-in hybrids. The key to Echo's strategy is the bolt-on nature of its solution that introduces little or, in some cases, no additional points of failure, making it very low risk compared to competing solutions. For more information, please visit www.echoautomotive.com.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new technologies and development stage companies. These forward-looking statements are made as of the date of this news release and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our current report on Form 8-K filed October 15, 2012, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact:
CONTACT:
David Waldman/Natalya Rudman
Crescendo Communications, LLC
Tel: 212-671-1020 x304
Email: investors@echoautomotive.com
www.EchoAutomotive.com
Echo Automotive Enjoys Positive Response With Strong Turnout at National Truck Show
Press Event at NTEA Featured Significant Vote of Confidence From Past FedEx Global Vehicles VP
INDIANAPOLIS, IN--(Marketwire - Mar 11, 2013) - Echo Automotive, Inc. ( OTCQB : ECAU ) ("Echo Automotive", "Echo" or the "Company") a developer of technologies enabling the cost effective conversion of existing fleet vehicles into fuel efficient hybrids and plug in hybrids, reported today on a very successful show at its debut event at last week's NTEA (National Truck Equipment Association) Show in Indianapolis, Indiana.
The Company enjoyed a very positive review by all the participants who visited the exhibit booth or enjoyed the opportunity to drive the EchoDrive™ demonstration vehicle. The Echo team received a number of sales inquiries and management is pleased to report that the response at the show exceeded their expectations.
Echo Automotive maximized its visibility at the show with a press conference in its booth on March 6th that delivered a packed, standing room only audience. During the media event, Company management provided a technical overview of EchoDrive™ and answered a number of topical questions. In addition, the Company welcomed John Formisano, a former VP of FedEx Express, as a guest speaker at the press conference.
"I wish I had EchoDrive™ as a choice when I was with FedEx," stated Mr. Formisano during the press conference. "I would have absolutely selected them as a solution." Mr. Formisano was formerly Vice President of Global Vehicles of FedEx Express and was responsible for managing over 96,000 vehicles and ground support equipment units. Under his leadership, he led the integration of fuel-efficient vehicle models.
"Independent observers at the show reported to us that we had the busiest booth," said Echo Automotive's President, Jason Plotke. "It was very rewarding to see our booth so busy with such an interested and knowledgeable crowd. I believe it to be reflective of our simple and understandable technology. The response is clearly an indicator of how well our technology resonates within the marketplace."
In addition to a sizeable booth presence which prominently featured a full-sized cut away static display model of the EchoDrive™ system, Echo also provided a number of "ride and drives" in the full featured EchoDrive™ demonstration vehicle during the show.
"People who went on the ride and drive of our demonstration vehicle responded with very positive comments," explained Amy Dobrikova, VP of Sales & Marketing at Echo Automotive. "We collected surveys immediately after their test drives along with capturing many verbal comments and I am extremely pleased to report we did not receive any negative feedback whatsoever."
Additional details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information, visit our website at: www.echoautomotive.com.
About Echo Automotive, Inc. ( OTCQB : ECAU )
Echo Automotive, Inc. develops technologies and products designed for cost effective conversion of existing vehicles into fuel-efficient hybrids and plug-in hybrids. The key to Echo's strategy is the bolt-on nature of its solution that introduces little or, in some cases, almost no additional points of failure, making it low risk compared to competing solutions. For more information, please visit www.echoautomotive.com.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new technologies and development stage companies. These forward-looking statements are made as of the date of this news release and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our current report on Form 8-K filed October 15, 2012, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
.
.
Contact:.
.
CONTACT:
David Waldman/Natalya Rudman
Crescendo Communications, LLC
Tel: 212-671-1020 x304
Email: ECAU@crescendo-ir.com
www.EchoAutomotive.com
.
.
News from the NTEA Show in Indianapolis on 8 March 2013
Echo Automotive received the Editor's Choice Award for the Echo Drive!
There is a picture of Echo Automotive receiving the award.
Actual picture can be seen on Echo Automotive's website
L-R: Amy Dobrikova, VP sales & business development, Echo Automotive; Steve Carey, executive director, NTEA
NTEA Truck Show in Indianapolis
I just returned from the truck show in Indianapolis. I visited the Echo booth and the outdoor area where they were conducting test drives. I spoke with both their head of marketing and several engineers. They had 14 employees that were registered for the show. I saw at least eight of them at the booth and outdoor area. They had a chassis displayed that had one of their systems mounted to it. It was impressive. There appeared to be a lot of people checking out the booth. The two engineers manning the outdoor facility told me that they had around 11 people take the van for a test drive.
The head of marketing told me that they were working on the quarterly required earnings statements and was not sure when they would be released. We discussed the 22 March investor’s meeting that will be at the Anderson, IN facility in a few weeks. It sounds like this will be a big event. We also talked about future press releases that covered partnerships for both installation and maintenance of the kits. The marketing approach they are taking is to sell kits to fleet operators and then fleet operators will install them. From their company info on their website they are talking with several well-known car care companies about maintaining their systems.
Overall I am confident that this company is real and they have a product that appears to be gaining traction within the Green Community. I plan to attend the investor’s conference on the 22nd.
Good Day so Far for Echo Automotive
It will be very interesting to see what the rest of the week brings. I will report back after my visit to the NTEA Truck Show on Wednesday.
Let's see what next week brings with the show in Indianapolis and the test drives at the show.
If they have any announcements to make, the show is the perfect place to make them.