SOLANA BEACH, Calif., March 29, 2007 (PRIME NEWSWIRE) -- Armor Electric, Inc. (OTCBB:ARME) announced today that the company has completed a new agreement with their Electric Propulsion Systems (EPS) Partner for the development, manufacture and sale of several electric powered vehicles.
Included in the agreement is the three wheel taxi cab which has been earmarked for distribution in Mexico and other countries. The agreement outlines several key strategies regarding the development, production and sale of several electric vehicles.
Merrill Moses, President of Armor Electric Inc., said, "I have conducted business with this dynamic organization for a number of years and have always been impressed with their innovative approach to EPS applications. Armor is committed to continuing our partnership in the development, production and sales of electric powered vehicles with this organization. I believe that the products we jointly bring to market will meet the demands of the rapidly changing need for alternative transportation."
About Armor Electric, Inc.
Armor Electric, Inc. is a leader in the design, manufacture, and distribution of electric battery power drive systems for land and water vehicles.
This information may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed on the website might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.