DALLAS, Mar 06, 2007 (BUSINESS WIRE) -- eCarfly, Inc. (Pink Sheets: ECFL)
announced today that they will release the official name of the Alternative
Fuels Company (AFC) in a press release scheduled for Wednesday, March 7th, 2007.
Technology descriptions and targeted world markets will also be release in
conjunction with tomorrow's press release.
eCarfly has withheld from releasing the name of the Alternative Fuels Company to
prevent any type of competition arising within the technology and automotive
industry to attempt merger with the AFC. Through the receipt of the signed
Letter of Intent (LOI), eCarfly feels they are in a solid negotiating state and
therefore plans to release specific details accordingly to the public.
March 7th's press release will include the following details:
--Official Name of the Alternative Fuels Company
--Detailed Description of the Co-Fuelling Engine Technology Offered
--Benefits to using the Co-Fuelling Engine Technology
--Targeted World Markets
"Through extensive discussions with the Alternative Fuels Company, we feel that
we are now in a position to answer many inquiries made by the public, regarding
the name of the AFC. In the best interest of eCarfly and our shareholders, we
have refrained from doing so to prevent any difficulties arising in the merger
process. We are confident that any possibility of the merger being retracted has
now passed, and see the present time as an outstanding opportunity to reveal the
official name of the AFC. The described press release will be made public
tomorrow morning, Wednesday, March 7th, 2007. We again, would like to thank all
our shareholders for their patience and support in this meticulous process, and
foresee a remarkably positive outcome for eCarfly, the AFC, and all our
shareholders," stated Desmond Milligan, CEO of eCarfly, Inc.
SOURCE: eCarfly, Inc.
CONTACT: eCarfly, Inc.Desmond Milligan, 214-208-ECFL (3235)ecflinvestor@yahoo.com
Copyright Business Wire 2007
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