Electric Car Company, Inc. Finalizes Exclusive Manufacturing and Distributor Agreement With Sunbeam Motorsports, Inc. ANS

tings is happenin'
Here's just one of the many news articles about electric cars.  These will be out this year.
Find it here: http://www.marketwatch.com/story/electric-car-company-inc-finalizes-exclusive-manufacturing-and-distributor-agreement-with-sunbeam-motorsports-inc-2010-07-15?reflink=MW_news_stmp
--Kim




press release

July 15, 2010, 8:32 a.m. EDT · Recommend · Post:

Electric Car Company, Inc. Finalizes Exclusive Manufacturing and Distributor Agreement With Sunbeam Motorsports, Inc.

The Company Will Begin Manufacturing Three New Models of "Pure Electric" Vehicles for Availability in 2010

 

SPRINGFIELD, Mo., Jul 15, 2010 (GlobeNewswire via COMTEX) -- Electric Car Company, Inc. /quotes/comstock/11k!elcr (ELCR 0.00, 0.00, 0.00%) , a vehicle conversion Company that specializes in electric conversions and manufacturing for the Livery and Fleet Markets, announced today that it has finalized an exclusive agreement with Sunbeam Motorsports, Inc. to manufacture and distribute six new models of 100% "Pure Electric" and solar hybrid low cost vehicles for the USA territory. Agreement will also give Electric Car Company the exclusive rights to market and sell the new vehicles to the Company's existing customer base and to authorize new dealers in the United States.

The Company will utilize the manufacturing expertise of its wholly owned subsidiary Imperial Coach Works, Inc., and its custom manufacturing division, Imperial Coach Builders, Inc. to manufacture the cars to specifications. The Agreement requires Sunbeam to supply to Imperial the incomplete auto vehicles bodies and chassis as well as electric drive trains and batteries to be assembled and tested at the Company's 60,000 square foot manufacturing facility located in Springfield, MO. The Company expects to reach its goal to manufacture up to 10 vehicles a day within the first 12 months of operation.

Electric Car will begin the manufacturing of three (3) "Pure Electric" models that will include the Sunbeam Bolt(TM) in both 3 wheel and 4 wheel designs, the Sunbeam SX(TM) and the Sunbeam Roadster Convertible. To view pictures of the cars visit http://electriccarstocks.com/2010/07/14/403/. All models will have a base retail price ranging from $14,000.00 to $19,000.00. The Sunbeam National Warranty(TM) network providing over 20,000 service locations within the U.S. and Canada for long-term customer support of Sunbeam vehicles will back all models.

Mr. Michael Hughes, Chief Executive Officer for Sunbeam Motorsports, Inc. states, "I am very excited about this opportunity to work with Electric Car Company to manufacture and market our new line of 100% electric vehicles." Mr. Hughes continues by saying, "I spent a great deal of time touring their manufacturing facility in Springfield and feel very confident that they have all the equipment, personnel and technical knowledge to accomplish our goals to be a leading provider of quality low cost electric vehicles here in North America."

The Company will also launch the Sunbeam FasTrax(TM) and roadside assistance products as add on products to enhance the Sunbeam experience for the consumer. The FasTrax(TM) product will enable the Sunbeam car owner to monitor the vehicle remotely 24/7 through your cell phone or computer. Some unique features include notification to car owner if vehicle is tampered with or unauthorized use. The FasTrax(TM) will also locate your vehicle real-time and will even inform the car owner how fast the vehicle is traveling.

Mr. Gary Spaniak, Chief Executive Officer for Electric Car Company, Inc. states, "We have worked diligently to solidify relationships that will establish our Company as a premier provider of quality specialty vehicles here in the U.S." Mr. Spaniak continues by saying, "This Agreement now gives our Company the ability to provide the consumer a low cost full electric vehicle with a warranty service infrastructure already in place."

About Sunbeam Motorsports, Inc.

Sunbeam Motorsports, with its headquarters located in Jacksonville, Florida, stems from a world-recognized name in performance motorcycles and automobiles that began in England in the late 1800s. Most famous was the debut of the Sunbeam Alpine as the car of choice for James Bond in the first ground breaking 007 Movie "Dr. No."

Sunbeam Motorsports has purchased the right to use the Sunbeam brand name to assemble a line of vehicles and motorcycles within the United States. The Company has closed its foreign manufacturing and design facilities. The assembly of the vehicles will carry the unique Sunbeam USA VIN number as wells as provide a terrific benefit to the U.S. job market and export economy. The Company has completed R&D on its initial "Pure Electric" models for the consumer market in 2009 and will begin the manufacturing initiative in 2010. For more information visit www.sunbeamamerica.com

About Electric Car Company, Inc.

Electric Car Company, Inc., /quotes/comstock/11k!elcr (ELCR 0.00, 0.00, 0.00%) is a vehicle conversion Company that specializes in electric conversion and manufacturing for the livery and fleet markets including corporate VIP, Party Buses, Municipal Buses and Delivery Vehicles. The company brings together businesses specializing in customizing vehicles & power trains. This proven business strategy is building a dominating presence in the aftermarket automotive up-fitter segment, including, but not limited to "Pure Electric" cars, liquid propane conversions, limousines & other livery vehicles, specialty fleet vehicles, classic automobiles and custom restorations.

The Company has positioned itself to deliver full "Pure Electric" Specialty Vehicles in 2010. By accomplishing this goal the Company is poised to fulfill its strategy to offer and expand the company's line of products that will revolutionize the specialty automotive vehicle market.

Electric Car Company's wholly owned subsidiary, Imperial Coach Works, Inc. and its custom manufacturing division Imperial Coach Builders, Inc., is a limousine and specialty vehicle manufacturing entity that operates out of a 60,000-sq/ft facility in Springfield, MO., www.limoland.com.

www.electriccarstocks.com

Forward-Looking Statements

Safe Harbor Statement under the Private securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Electric Car Company

CONTACT:  IR Pro 2.0 Henry Harrison 407-682-2001 hharrison@insidewallstreet.com     

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