Business & Finance
Business and Finance
Business and Finance
Wed, July 28, 2010
Tue, July 27, 2010 Green Automotive Company Retains Financial Advisory Firm
DALLAS--([ BUSINESS WIRE ])--Green Automotive Company Corporation (OTC: GACR), the North American exclusive importer/distributor of the all-new all-electric Zotye Sport Utility Vehicle (SUV) today announced that it has retained Global Market Advisors Inc., a California-based organizational, marketing and financial advisory firm, as the Company prepares to begin delivery of its Zotye SUV in the United States.
"to help us with our research of the Electric Vehicle market, and Green Automotivea™s current market position, so we can assist them with their financial needs and strategic planning."
aWe have our Title 49 tests completed,a said Steve Fly, CEO of Green Automotive Company, aand already have several Dealerships on-board to begin putting our Zotye vehicles on the road. With the announcement by the federal government that its goal is to have 50% of the vehicles on the road in 2030 powered by electricity, ita™s clear that the Electric Vehicle has come of age and we intend to be one of the major players in this effort along with Nissan, Tesla and General Motors.a
Commenting on the Company retaining Global Market Advisors Inc., Mr. Fly said, aWe are ready to take the next step, and we want to be sure that we have our infrastructure and financing in place to meet what I see as a rapid growth of U.S. sales of Electric Vehicles. Having experienced and knowledgeable people involved with us as we grow is critical to our success.a
aI believe Green Automotive is in the right place at the right time, with the right Electric Vehicle at the right price,a said Fred G. Luke, President of Global Market Advisors Inc. According to Mr. Luke, the research firm of Market Advisors, Inc. has been engaged ato help us with our research of the Electric Vehicle market, and Green Automotivea™s current market position, so we can assist them with their financial needs and strategic planning.a
About Green Automotive Company Corporation
Green Automotive Company Corporation, a public company (OTC:GACR), is a US-based importer/distributor of Electric Vehicles. The Companya™s goal is to become the leading seller of Electric Vehicles in the United States. The Companya™s first Electric Vehicle is the Zotye all-new all-electric Sport Utility Vehicle (SUV) of which the Company has the exclusive import/distribution rights for North America. The Zotye Electric SUV has all of the options and performance of most gas-powered cars in its class, and as an Electric Vehicle, it comes with On-Board charging and Fast-Charging ports. The SUV, the companya™s first model to be introduced, is powered by a Lithium Ion Battery which can be recharged at home or at charging stations using 110 volt or 220 volt power, comes with an 185,000 mile warranty on the battery plus a three year/36,000 mile bumper-to-bumper warranty, and is currently priced at an MSRP of $29,995, before applicable federal and state tax incentives and rebates. For More Information go to [ www.usaelectricauto.com ].
About Zotye:
ZOTYE HOLDING GROUP is a large-size enterprise that is engaged in the research, development and manufacture of automotive vehicles, and automotive Drive-train components. The company has two complete vehicle production bases in Zhejiang and Hunan, and two vehicle brands of ZOTYE AUTO and JIANGNAN ALTO. In 2006, the first ZOTYE 2008 vehicle was officially launched in the market, and the annual sales that year reached 10,000 cars. In 2007, the Company restructured JIANGNAN ALTO, which resulted in the Company achieving annual sales of about 40,000 cars. ZOTYE HOLDING GROUP exports its vehicles to more than 50 countries and regions covering the Middle East, Western Asia, Russia, Latin America and, recently, North America. For More Information go to: [ www.zotyeglobal.com ]
About Market Advisors, Inc.
Market Advisors, Inc. was founded in 1985 and since that time has enjoyed numerous ratings success by independent market raters. Market Advisors provides research and independent analysis on individual stocks as well as a mutual fund management service which is based upon their top-rated timing advice, and previously was a member of the Winners Circlea", an elite group of market analysts providing daily market comments and advice. Market Advisors has also been ranked the #1 market timing service for the period (1985-1990) according to the Hulbert Financial Digest. Throughout the history of the firm the principals have served as advisors to brokerage firms and investment bankers. For more information on Market Advisors Inc., or to read a copy of their report on Green Automotive, go to [ www.marketadvisorsinc.com ]
Safe Harbor Statement
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Green Automotive Company Corporation, does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
