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Re: IDontLikeKoolAid post# 18822

Wednesday, 03/07/2007 6:07:11 PM

Wednesday, March 07, 2007 6:07:11 PM

Post# of 76909
The article states what was asked...

On March 2, Milligan released a press release touting the company’s technology, and saying that this time a potential deal with GM was in the offing.

“eCarfly, Inc. is pleased to announce that the Alternative Fuels Company (AFC), will be showcasing the Co-Fueling Engine Technology to GENERAL MOTORS ,” the release said. “The scheduled signing of the Letter of Intent to merge (LOI) remains on course for this afternoon's board meeting. Verbal confirmations have been given to eCarFly's CEO, Desmond Milligan, that the LOI will se signed according to plan without any need for provisions or extensions.”

When asked for comment by GM, a company spokesperson said that any press release regarding GM would come from GM, and would be available on its website. A search of releases on the GM website did not reveal any dealings with eCarfly.

“We are unable to verify the accuracy of the eCarfly press release as the website carrying the release is not maintained nor endorsed by General Motors,” the spokesperson said.

A similar claim was made about dealings with Ford Motor Company, but Ford officials had not finished investigating by press time.
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