Natural Gas Stocks; EVCARCO (OTCBB: EVCA) to Sell Class 3-5 Commercial Compressed Natural Gas Powered Trucks at Its Green Auto Dealerships
FT. WORTH, TX - February 15, 2011 (Investorideas.com renewable energy/green newswire) - EVCARCO (OTCBB: EVCA) announced today that it will sell CNG powered Foton MD 3000 medium-duty class 3-5 trucks at its green auto dealerships. Foton Motor Co. is the largest commercial vehicle manufacturer in China, its existing assets are in excess of 5 Billion Dollars U.S. and they have a staff of 28,000 employees. Foton has the capacity to produce up to 26,000 units of the Foton MD 3000 medium-duty class 3-5 trucks a year.
The MD 3000 and LD1000 are versatile for multi-use applications and are equipped with cargo delivery bodies. The vehicle's chassis and Euro-style cab design allows for easy multi-conversions for uses such as street sweepers and refuse collection. The truck will allow businesses and municipalities to have a high quality, environmentally friendly, domestically produced clean natural gas solution for all of their truck needs.
Mack Sanders, CEO of EVCARCO, stated, "The MD 3000 and LD1000 CNG powered truck will allow our green auto dealerships to enter the commercial sales arena with a high quality versatile environmentally friendly medium duty truck, DOT compliant and with a full warranty. We expect to receive the first CNG powered Foton 3000 next month. Government support and mandates, which have been the key to the adoption of natural-gas vehicles in the U.S. recently, has confirmed our vision. Our team has worked diligently for some time with the manufacturer's distributor on the development of this project and we are pleased with the results."
For more information on EVCARCO, Inc., please view: http://www.evcarco.com/. 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. We live in the communities we work in; our corporate culture reflects the greening aspirations of our customers. Our dealerships are not just a place to buy a vehicle; they are a warm embrace of eco-culture, a place where like minded individuals can interact while getting a quick AltEng refill on their way to work.
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.
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