Business & Finance
Business and Finance
Business and Finance
Wed, October 12, 2011
Tue, October 11, 2011 
NEWPORT BEACH, Calif.--([ BUSINESS WIRE ])--Green Automotive Company Corporation (OTC:GACR) announced today that a majority of its shareholders approved a change of domicile from Delaware to Nevada and the purchase of 100% of Matter of Time I Inc. as part of the Companya™s plans to register its shares under the Securities Exchange Act of 1934 and become fully reporting with the Securities and Exchange Commission.
"The purchase of Matter of Time I Inc. closed Monday, October 3rd followed by our Form 8-K and Form 3 filings. Until the Companya™s audit is completed, Matter of Time I Inc. will remain a wholly-owned subsidiary of the Company."
According to Mr. Fred Luke, President of Green Automotive, aThe purchase of Matter of Time I Inc. closed Monday, October 3rd followed by our Form 8-K and Form 3 filings. Until the Companya™s audit is completed, Matter of Time I Inc. will remain a wholly-owned subsidiary of the Company.a
aThe effective date of the change of domicile from Delaware to Nevada, originally set for September 30, 2011,a said Mr. Luke, awill become effective within the next week as we have finally resolved the Cusip and Symbol issues relating to the move from Delaware to Nevada and dropping the word aCorporationa™ from the Companya™s name: FINRA and Cusip have allowed us to retain the same Cusip number and the same symbol. Shareholders are not required to submit the certificates they are currently holding as new certificates reflecting the change of domicile and shortened name will automatically occur when a shareholder submits a certificate for transfer or deposits a certificate with a brokerage firm.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 ].
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.
