DALLAS, June 22, 2010 (GLOBE NEWSWIRE) -- The Green Automotive Company Inc., (Pink Sheets:GACR) announced today that the company will be showcasing the all-new, all-electric Sport Utility Vehicle (SUV) at the Barrett-Jackson Collector Car Auction on June 25-27 at The Orange County Fair & Events Center 88 Fair Drive Costa Mesa, CA 92626. http://www.barrett-jackson.com/events/orangecounty/.
Barrett-Jackson's Collector Car Auction, established in 1971 in Scottsdale, Arizona, provides products and services to classic and collector car owners, and automotive enthusiasts. The company produces the "World's Greatest Collector Car Events" in Scottsdale, Palm Beach, Florida, Orange County, California and Las Vegas, Nevada. http://en.wikipedia.org/wiki/Barrett-Jackson
Green Auto CEO Steven Fly said, "This is a great venue for us to showcase the all-new, all-electric SUV to the Auto enthusiasts, collectors, dealers, media and we are even inviting special celebrities and government officials to come test drive this vehicle. We feel that we are ready to expand our dealer network and give everyone that has showed huge interest in this vehicle a chance to be first." Fly also added, "I also welcome our Green Auto shareholders and institutional investors to attend."
The Company announced on June 14th a national Dealer Agreement with EvCarco Inc (OTCBB:EVCA) www.evcarco.com who will also be an Exhibitor at the Barrett-Jackson Show. According to EvCarco, the initial distribution cities include Dallas, Austin, San Antonio, and Houston Texas; Oklahoma City, Oklahoma; San Diego, Sacramento, Palm Springs, California; Las Vegas, Nevada; Phoenix/Scottsdale area in Arizona; Atlanta, Georgia; Naples, West Palm Beach and Miami, Florida. EvCarco anticipates the marketing program to be in full effect by this summer, and will include the marketing of Green Automotive Company's Zotye SUV as well as other alternative fuel vehicles, such as Hybrids and Natural Gas powered vehicles.
With SPEED cameras rolling and the media center filled, Barrett-Jackson is looking forward to the upcoming event at the OC Fair & Event Center in Costa Mesa, CA. This is their fourth event to Barrett-Jackson's annual auction lineup. The Barrett-Jackson Orange County Auction will be held June 25-27, 2010, and include the famous collector car auction, sponsor promotions and displays, vendors, exhibitors, interactive demonstrations, parties and other festivities.
The Zotye Electric SUV Vehicle has: A/C & Heat, Power windows/Power locks, DVD Audio System, Integrated electric system monitoring screen (Monitor battery status, vehicle speed, charging status, Regular On Board Charging and fast charging port, Automatic transmission (8:1 ratio), Five Doors, 4 seats, Electric SUV (Lithium Ion Battery) Max Speed: up to 75 mph, with a range of up to 250 miles. The Vehicle comes with an 185,000 Mile Warranty. Info: (www.zotyeglobal.com).
About Green Automotive Company Inc:
Green Automotive Company is an import/distributor of Electric Cars/SUV's to North America. More info visit; www.usaelectricauto.com
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Safe Harbor Statement - This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. 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 Inc., 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.