Evcarco, Inc.(fka EVCA)

[wish4luck]

EVCARCO Update – Money in the Bank

Written by:Rocco PendolaWritten on:June 23, 2011
aka "composed" on iHub

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Yesterday, I received news regarding EVCARCO (EVCA.OB), the penny stock I hold a substantial position in. After confirming the news with the company, I asked them if they had a problem with me blogging about it. I have not received a response, therefore I take the non-response as “do what you want.” Maybe that’s wrong, but, as I have said before, I refuse to stand by when the true value of this company gets lost and other companies use little more than smoke and mirrors to drive up their stock price.
Here’s what I know. Over the last ten days, EVCARCO has generated $150,000 in revenue by selling cars. I am not sure about the mix of cars sold. All I know is that they have taken in $150,000 in the last ten days. Let’s put some perspective around this.

EVCARCO is a development stage company. They have yet to open a dealership. Yet, without a dealership they’re already selling cars. Not that they could necessarily duplicate that $150K in ten days without a dealership, but if they did, that’s roughly $5.4 million in revenue over the course of a year. At $150K a month, you end up with $1.8 million over a year. And, again, even though they are about to open dealerships, they generated this revenue without dealerships to facilitate it. This provides an amazing amount of promise for the company’s future.

To put the $150K in ten days in perspective, EVCARCO only reports $118,401 in revenue for the entire March quarter.

For whatever reason, EVCARCO CEO Mack Sanders told me that he did not deem this “worthy” of a press release. Maybe Mack’s humble. Frankly, I am baffled why he would not want to PR this, particularly when other companies in the space make outrageous revenue projections, but have no sales to report in the here and now. This is hard news. This is concrete. This is revenue in the door before the company actually gets off and running.

Mack Sanders should be applauded for putting his team in the position to be able to generate this type of revenue in such a short time frame. If he does not want to tell the world about this success — opting instead to be patient and wait for bigger and even more encouraging news to unfold — I feel an obligation to tell the world, given the number of investors patiently waiting for EVCARCO’s strategy to play itself out. As I noted in a previous post, too many of these investors are left holding the bag from the pump and dump perpetrated on the company earlier this year.

Link to article
http://www.composedtrade.com/?p=125