Evcarco, Inc.(fka EVCA)

[wish4luck]

EVCARCO, Inc. Provides Corporate Update
Jun 16, 2011 09:01:28 (ET)


FORTH WORTH, TX, Jun 16, 2011 (MARKETWIRE via COMTEX) -- EVCARCO, Inc. ( www.evcarco.com ) (EVCA, Trade ) (otcqb:EVCA) provided today a corporate update to its shareholders, investors and the investment community. Under direction of recently named CEO, Mack Sanders, the Company has been actively seeking both acquisitions of existing dealerships and partnerships with viable manufacturers that produce exciting new environmentally friendly products.

The following are highlights from past news releases:

Thursday, December 16, 2010 EVCARCO (EVCA, Trade ) Announces the Appointment of Its New CEO

The Company announced that the appointment of Mr. Sanders as the new Chief Executive Officer (CEO) would assist the Company with its efforts to facilitate acquisitions, franchise development, and its growth potential in the United States.

Thursday, May 5, 2011 EVCARCO, Inc. Signs Contract to Sell SIRIUS New Electric Vehicles

Mr. Sanders, a 28 year veteran of the automobile industry helped the Company identify manufacturers, bringing an agreement to sell SIRIUS electric vehicles. The SIRIUS brand is manufactured by Nanchang Freedom Technology Limited located in Nanchang, China, a subsidiary of Jiangling Motors Group Co. Nanchang Freedom Technology Limited Company was founded in December 2006 and specializes in development and manufacture of New Energy Vehicles, and New Energy Vehicles' Power Train System. It is a subsidiary of Jiangling Motors Group Co. Jiangling Motor, a joint venture with Ford, in the U.S., and Isuzu, in Japan, is one the largest light commercial vehicle manufacturers in China.

Tuesday, May 10, 2011 EVCARCO, Inc. Signs $10 Million Funding Commitment With Auctus Private Equity Fund

The Company entered into an agreement in May 2011 with Auctus Private Equity Fund to help facilitate the acquisitions of existing, full operating dealerships with operational fixed ops, sales, finance, and customer base.

Thursday, October 21, 2010 EVCARCO Aligns With Top Automotive Commercial Brokerage and Consulting Company, THE Search Firm

In October, the Company entered into an agreement with "THE Search Firm," a leading automotive consulting and dealership brokerage firm in the nation. The agreement is to help facilitate future acquisitions for the Company and identify manufacturers with growth potential.

As a further update, the Company has made three (3) separate offers to purchase existing dealerships in the North Texas area through its relationship with THE Search Firm. Currently, no offers have been formally accepted. The Company is seeking available dealerships with gross annual revenues of more than $15 million.

For more information on EVCARCO, Inc., please view: www.evcarco.com . Shareholder inquiries should be directed to [phone].

EVCARCO, Inc. is the first automotive retail group dedicated to deploying a coast-to-coast network of environmentally friendly franchised dealerships and vehicles. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric, alternative fuel, and pre-owned hybrid vehicles from multiple manufacturers. EVCARCO - Future Driven(R)

This Press Release contains certain forward-looking statements that involve substantial risks and uncertainties, including, but not limited to, the results of ongoing clinical studies, economic conditions, product and technology development, production efficiencies, product demand, competitive products, competitive environment, successful testing and government regulatory issues. Additional risks are identified in the Company's filings made with the Securities and Exchange Commission.


Investor Relations Contact:
Jack Eversull
The Eversull Group, Inc.
972-571-1624
214-469-2361 fax
Email Contact




SOURCE: EVCARCO


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