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eCarfly, Inc. Announces Prospective Merging Company Reveals Contracts with the State of California - Estimated Revenues at Over 20 MILLION DOLLARS, Final Merger Details are Under Review
DALLAS--(BUSINESS WIRE)--
eCarfly, Inc. (Pink Sheets: ECFL) is pleased to announce that the Prospective Alternative Fuels Company currently under negotiations with eCarfly, has divulged contracts with the State of California valued at over 20 MILLION DOLLARS. The Alternative Fuels Company has developed an Ethanol Co-Fuel engine technology that sits within the renewable energy market, for use in all applications relating to diesel engines. This technology will be utilized with the State of California for purposes of lowering emissions and enhancing octane output in state vehicles. This technology if utilized by the correct governmental agencies and major transportation companies worldwide will also make a drastic difference in America's continued fight to eliminate Global Warming.
The Alternative Fuels Company has also completed successful studies with the University of Michigan for the implementation of the Ethanol Co-Fuel engine technology. This confirmation received by the University of Michigan will be taken and offered to major delivery companies such as: FedEx, UPS, and the United States Postal Service. In addition to the aforementioned delivery companies, the Alternative Fuels Company intends to target the United States Army as a high priority client due to the overwhelming number of diesel engines being used by the government for the United States Military.
Estimated revenues for the overall sales campaign of the Alternative Fuels Company and the legal name are being withheld by eCarfly for competitive purposes. The release of any legal names would result in market exposure of such described technologies and could jeopardize the merger possibilities with eCarfly.
"We have refrained from releasing any type of press for eCarfly to ensure that when the time came that a suitable merger possibility arose, the public marketplace would extend the proper creditability to its presence. The merger with the Prospective Alternative Fuels Company will result in an immediate shift forward with increased revenues and positive bottom line figures. We are extremely pleased with the market reflection that has been shown directly from the discussions of a possible merger with the described company. Our intent in withholding any specific legal names or exact revenue figures is purely for the safety of the merger and in the best interest of our shareholders. As we greatly appreciate the continued support by our many shareholders, we are confident that this merger will start an uptrend in healthy profits to insure the future of our company and the longevity of all our shareholders. Additional press regarding this merger and any of its detailed information will be released immediately upon its consummation," stated Desmond Milligan, CEO of eCarfly, Inc.
Source: eCarfly, Inc.
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