OTC Bulletin Board Re-Listing: EVCarCo
May 25, 2010 (FinancialWire) — EVCarCo, Inc. (OTCBB: EVCA) was officially re-listed to the Over-the-Counter Bulletin Board yesterday, trading in units of 100. EVCarCo is a development stage company that engages in selling environmentally conscious automobiles in the United States. It offers electric vehicles and pre-owned vehicles converted to various green technologies; and financing, warranties, maintenance, and mechanical services. The company was incorporated in 2008 and is based in Fort Worth, Texas.
From EVCarCo’s May 19, 2010, Form 10-Q Filing:
“Over the next twelve months, we will concentrate on the following six areas to grow our operations: Capital and Funding – Seek to obtain capital from all available sources; Advertising and Marketing – Work with TKMG, LLC to develop brand identity, marketing materials, and our web site. Utilize all available marketing venues and public relations opportunities to promote the Company and its products; Sales – Grow sales to 45-50 new cars, and 125-175 pre-owned cars per quarter; Product Development – Continue to work with existing manufacturers and new manufacturers; Franchise Development – Begin marketing the EVCARCO franchise concept and licensing of Company's Trademarks, with the short term objective of securing several territories and establishing five to ten Dealer Development Candidates during 2010. Several candidates in various states have already been identified for dealer development; Product Research and Development – Continue working on identifying and testing products and vehicles from U.S. companies, as well as foreign manufacturers, which can provide cleaner, safer, faster, and more economical forms of transportation, by utilizing the latest developments in the alternative fuel area.”
The 10-Q also notes: “Maintaining an adequate inventory of automobiles requires significant capital. Given the Company's liquidity limitations its inventory levels may be adversely impacted.”
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