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Green Automotive Company Retains Law Firm and Independent Auditors

^{Published on 2011-08-22 09:12:08 - Market Wire}
 

NEWPORT BEACH, Calif.--([ BUSINESS WIRE ])--Green Automotive Company Corporation (OTC:GACR) announced today that it recently retained the law firm of Guzov Ofsink LLP as Securities Counsel and the accounting firm of Anton & Chia, LLP as its independent auditor as the Company moves forward to register its shares under the Securities Exchange Act of 1934 and become fully reporting with the Securities and Exchange Commission.

"Work has already commenced and I anticipate the entire process, including our required audit, to take approximately 60 to 90 days. Once we become reporting, we anticipate that our shares will be authorized for quotation on the OTC Bulletin Board."

"We have planned to become fully reporting for some time now as part of our commitment to provide greater transparency to our shareholders as well as reach new investors," said Fred Luke, Green Automotive President. "Work has already commenced and I anticipate the entire process, including our required audit, to take approximately 60 to 90 days. Once we become reporting, we anticipate that our shares will be authorized for quotation on the OTC Bulletin Board.a

About Green Automotive Company: Green Automotive Company Corporation is a U.S. public company involved in the import and distribution of Eco-friendly vehicles. The Company is presently planning to bring to the United States market late this year an All-Electric SUV and, in 2012, an all-electric MPV. The Company maintains its Corporate Office in Newport Beach, California and its Dealership Services Office in Lewisville, Texas. Green Automotive Company shares are traded on the OTC Market Tier--OTC Pink Current under the symbol "GACR". For more information, visit [ www.usaelectricauto.com ] or write to [ info@usaelectricauto.com ].

About Guzov Ofsink LLP

Guzov Ofsink LLP is a recognized leader in providing advice and legal representation to companies operating in a wide range of industries through all stages of their development and capital raising activities. Guzov Ofsink has extensive experience representing public and privately-held companies: the firm offers Cross-border corporate and securities transactions, Litigation, Arbitration, Mediation, Wills, Trusts,Estate Administrationand Litigation, and Real Estate in the U.S., in Europe, Asia, Africa and South America. For more information, visit [ http://www.golawintl.com/ ].

About Anton & Chia LLC

Anton & Chia are experts in assisting privately held businesses with their operations, accounting, and financial needs. They are licensed CPAs in the State of California, Colorado, Florida, and New York. Their firm is registered with the PCAOB and the AICPA and they focus on providing assurance, tax, and consulting services to companies that are planning to go public or are already publicly traded in the United States of America. For more information, visit [ http://ancsecservices.com ].

Safe Harbor Statement - This release includes forward-looking statements. 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 incorporates by reference its disclosure and financial statements posted on [ www.otcmarkets.com ], and 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.