Market Overview

Green Car Stocks; EVCARCO, Inc. Provides Corporate Update


FT. WORTH, TX – June 16, 2011 ( renewable energy/green newswire) - EVCARCO, Inc. (OTCBB:EVCA) (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 (OTC.BB:EVCA) 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: Shareholder inquiries should be directed to (972) 571-1624.

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. EVCARCO -- Future Driven®

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

Visit the EVCA showcase profile at Request News and Info on EVCA Disclosure, Disclaimer/ EVCA is a paid advertising client on and our renewable energy portals (500,000 144 shares).

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: car Electric energy green investments stocksMarkets Trading Ideas


Related Articles (OTCBB: EVCA)

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial
Book A Demo
Learn How You Can Succeed In The Market With Benzinga Pro

Fastest Market News

Real-Time News Alerts

Customizable News Filters

Book A Demo

Sean Kelly, Chairman, CFO of City Windmills, Shares His Global Vision of "Seeing a Walmart Generating Green Energy with a "Walmart is Going Green" Ad on the Wind Turbine

Mining Stocks; TurkPower Corporation Appoints Former Chairman of NYMEX Holdings, Inc., Mr. Richard Schaeffer, to Its Board of Director