ELCR News: Electric Car Company, Inc. Finalizes Agreement with Electric Vehicle Performance Conversions, LLC.
Electric Car Company, Inc. (OTCBB:ELCR), a vehicle conversion Company that specializes in electric conversions and manufacturing for the Livery and Fleet Markets, today announces that it has finalized the Agreement with Electric Vehicle Performance Conversions, LLC. (EVPC) of West Palm Beach, Florida
In a previous news release dated October 29, 2009 Electric Car Company, Inc. (ECC) announced that it had signed a Letter Of Intent with EVPC to provide complete turnkey, electric power conversion consulting and technical services to ECC’s line of Livery and Fleet vehicles to include “Specialty Buses” for the commuter, transit, and limousine and sightseeing transportation industries
EVPC will work closely with the Company to create and develop matched EV (Electric Vehicle) or Hybrid (full electric drive systems with optional gas) systems including Electric Drive Systems for larger than (1) one ton rated livery vehicle trucks, buses and limousine livery vehicles
The Agreement also requires EVPC to assist in setting up the Franchising Division with duties that include new EV and Hybrid systems design consulting for the Company’s client programs. EVPC will also contribute the knowledge and sales assistance for the Company’s current and potential clients in order to grow Conversion Franchises throughout the world. Electric Car Company and EVPC will jointly own and develop a proprietary Franchise Division with exclusive specifications during the period of the engagement
Mr. Gary Spaniak, CEO of Electric Car Company, Inc. stated, “We are very happy to conclude this Agreement. EVPC has a proven successful track record in Electric Vehicle technologies and will be a great partner to help expedite our Electric and Hybrid products for our clients.” www.electriccarstocks.com About Electric Car Company, Inc. Electric Car Company, Inc., (OTCBB:ELCR) is a vehicle conversion Company that specializes in electric conversion and manufacturing for the livery and fleet markets including corporate VIP, Party Buses, Municipal Buses and Delivery Vehicles. The company brings together businesses specializing in customizing vehicles & powertrains. This proven business strategy is building a dominating presence in the aftermarket automotive up-fitter segment, including, but not limited to “PURE ELECTRIC” cars, liquid propane conversions, limousines & other livery vehicles, specialty fleet vehicles, classic automobiles and custom restorations
The Company fully expects to have the first zero emissions, “PURE ELECTRIC” livery vehicle ready to unveil by first quarter, 2010. The long-term strategy is to offer and expand the company’s line of products that will revolutionize the specialty automotive vehicle market
Electric Car Company’s wholly owned subsidiary, Imperial Coach Works, Inc. and its custom manufacturing division Imperial Coach Builders, Inc., is a limousine and specialty vehicle manufacturing entity that operates out of a 60,000-sq/ft facility in Springfield, MO., www.limoland.com
Forward-Looking Statements Safe Harbor Statement under the Private securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission
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