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eCarfly Announces Letter of Intent to Merge with the Alternative Fuels Company Has Been Signed - Opportunities with Several Fortune 500 Companies Are Scheduled to Be Released
DALLAS--(BUSINESS WIRE)--eCarfly, Inc. (PINK SHEETS: ECFL) announced today that they have received the signed Letter of Intent to Merge (LOI) from the Alternative Fuels Company (AFC). eCarfly is additionally pleased to announce that contractual possibilities with some of America’s most recognized Fortune 500 companies are scheduled to be released publicly in the near future. The stock purchase agreement received by the AFC is currently under review, and will be brought to final negotiations now that the LOI has been signed.
eCarfly and the AFC intend to merge as one unified forefront within the automotive industry to bring Co-Fueling Engine Technology to the world as a cost effective means to decrease America’s fight on public pollution and Global Warming. United efforts between both companies will render a powerful impact with some of America’s most prominent automobile manufactures, as well as government agencies. These efforts have already been recognized by science administrations across the nation, and will be integrated on an international scale once the merger has taken place.
Clean air efforts are being implemented by the government to increase the regulation on pollution requirements for every type of transportation organization across the board. Mandated policies will catastrophically elevate the demand for an alternative means to provide equivalent engine performance while maintaining satisfactory pollution levels. The AFC is considered to hold the only deliverable method to a cost effective solution within this highly observed crisis, further elevating the ability to corner the market on the fight to end pollution.
Additional press releases will be made to update shareholders on the following merger details:
-- Release of company name and officials
-- Release of showcases and contracts with Fortune 500 companies
-- Release of estimated revenues
-- Release of estimated direct gains to eCarfly
-- Release of all patents and technologies
-- Description of existing partners and ventures
-- Promotion & Marketing tactics
-- Major contracts by specific institutions and product line
-- Recent corporate transactions
“We have exhausted many efforts to find the most suitable merger opportunity to take this organization to the next level of business. Through the receipt of a signed LOI, we feel that our negotiating position is now secure and are confident that this merger between the Alternative Fuels Company and eCarfly will be consummated in the very near future. eCarfly stock currently holds an average daily trading volume of over 26 million shares and has increased over 700% in only 6 trading days. With upcoming press, we foresee this positive market reflection as a beginning to many successful trading days in the future. We have released substantially detailed press in the past week to keep our shareholders abreast of the merger situation, and our intent is to maintain the current level of press to ensure that there is steady growth in the value of our stock and heightened creditability within the public marketplace. We foresee no complications in the overall merger process with the Alternative Fuels Company and are eager to reward the long term support of our shareholders,” stated Desmond Milligan, CEO of eCarfly, Inc.
Contacts
eCarfly, Inc.
Desmond Milligan, 214-208-ECFL (3235)
ecflinvestor@yahoo.com
