NEWPORT BEACH, Calif., April 25, 2017 (GLOBE NEWSWIRE) -- ADOMANI, Inc. (NASDAQ:ADOM) ("ADOM," "the Company," "we" or "us"), a provider of advanced zero-emission electric and hybrid vehicles and replacement drivetrains, today announced it has received a notice of qualification from the Securities and Exchange Commission ("SEC") of its Regulation A+ Tier 2 Offering Statement under Title IV of the JOBS Act to raise up to $22 million through the sale of its common stock. Certain of the Company's stockholders may participate in the offering and raise up to $3 million once the $22 million raise has been achieved.  The SEC qualified the Offering Statement on April 25, 2017, and the Company is offering a minimum of 2,120,000 common shares and a maximum of 4,400,000 common shares at an offering price of $5.00 per share. A key component of the Regulation A rules permits ADOM's underwriters to solicit orders from the general public in addition to traditional accredited investors and institutional investors. ADOM intends to be one of the first companies to list a Regulation A+ offering on NASDAQ, with Boustead Securities, LLC as lead underwriter and Network 1 Financial Securities, Inc. as co-underwriter. In addition to traditional marketing methods used in public offerings, this offering is being exclusively marketed to online investors via FlashFunders, Inc., who operate a FINRA-registered clearing firm and web-based securities platform at www.flashfunders.com. The Company recommends that any interested parties read its Offering Statement on Form 1-A, including the financial statements and risk factors, and other reports the Company may file with the SEC, and after having done so, should contact the Company for more information.

As noted, ADOM is a provider of zero-emission electric and hybrid vehicles and replacement drivetrains that is focused on reducing the total cost of vehicle ownership. ADOM helps fleet operators unlock the benefits of green technology and address the challenges of traditional fuel price instability and local, state and federal environmental regulatory compliance. ADOM designs, manufactures and installs advanced zero-emission electric and hybrid drivetrain systems for use in new school buses and medium to heavy-duty commercial fleet vehicles. ADOM also designs, manufactures and installs unique and patented conversion kits to replace conventional drivetrain systems for diesel and gasoline powered vehicles, including buses, with zero-emission electric or hybrid drivetrain systems. "In addition to benefitting our shareholders, we will also help improve the environment, and more importantly, work towards the improvement of the health of school children and citizens who live and work in and around traditional diesel- and gasoline-fueled vehicles," stated Jim Reynolds, ADOMANI's President and CEO.

Mr. Reynolds went on to say: "We continue to be excited about the launch of our offering and look forward to its successful completion which will allow us to aggressively execute our business plan."

The Company was incorporated in Florida in 2012 and was reincorporated in Delaware in November, 2016. ADOM's address is 620 Newport Center Drive, Suite 1100, Newport Beach, CA 92660, and ADOM's telephone number is (949) 200-4613. The ADOM corporate website address is www.ADOMANIelectric.com.

Media and Investor relations Contact:

Michael K. Menerey, Chief Financial Officer
Telephone: (626)483-3280
Email: [email protected]

Kevin Kanning, VP Investor Relations
Telephone: (650) 533-7629
Email: [email protected]