Operations

As the Company continues to search for reliable car manufacturers that produce environmentally friendly vehicles, it continues to operate at its current location in Ft.Worth, Texas, and to generate revenues in the pre-owned market. Operations have generated gross revenues of $887,775 for 2009, $804,772 for 2010, $118,401 for the first quarter of 2011, and $230,695 for second quarter of 2011. The quarterly report for third quarter of 2011 is scheduled to be released next week.

Acquisitions Efforts

The Company over the previous several months has made offers to several dealership owners, to acquire their existing new car operations in the Dallas-Ft.Worth Metroplex, but was unsuccessful in reaching an agreement. EVCARCO will continue with its current operations and in reviewing other strategic acquisition opportunities.

Corporate Structure

After careful consideration, the Board of Directors of EVCARCO has decided that in the best interest of the Company and its shareholders, it is necessary to increase authorized capital in order to facilitate possible acquisitions, raise additional capital, and to refocus the Company for a new phase of growth and increase in shareholder value. On November 9, 2011, EVCA filed a Schedule 14C Information with the SEC, to notify the shareholders about the amendment to its Articles of Incorporation to increase the number of shares of Common Stock as well as Class B Convertible Preferred Stock. The amendment is set to be effective on November 30, 2011.

Mack Sanders, CEO of EVCARCO, stated, “In a tough automotive climate, EVCARCO continues to focus on growth and exploring opportunities. We believe that our motto, Future Driven®, has never been stronger and as a veteran of the automotive industry for more than 25 years, I can certainly tell you that the EVCARCO team will continue to adapt, expand, and adjust to all aspects of these changing times.”

For more information on EVCARCO, Inc., please view: 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 from multiple manufactures. EVCARCO – Future Driven ®

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.

By KSPR News

Imperial Coach Builders began its stretch limousine conversions years ago, but the company is about to lead the way with new technology.

“We plan on converting our limousines to full-electric power, which will provide about 100 high-tech manufacturing jobs to the Springfield area,” said Tom Catterson.

And that’s a big deal considering even this company felt the recent economic downturn.

But company higher-ups say making the move to electric, now, is smart for the business.

“The gasoline engine is going to go by the wayside eventually.  It is our belief that pure electric power is going to be the ultimate way to go,” said Catterson.

The new electric engines are also made just up the road in Kansas City by a company called Plug-In Motors.

The first electric engine was put in a Ford Mustang with impressive results.

“It does zero to 60 in just over 5 seconds.  It has more power and more torque than a conventional Mustang engine,” said Catterson.

That makes it ideal for use in limousine manufacturing.

Obviously for someone operating a limousine service, it’s going to be a little more costly up front, but down the line, there are some big savings.

Here the things you have to think about.  You are taking maintenance out of the equation.

Plus, a gas-powered vehicle costs around 25 cents per mile to operate, versus the only 3 cents per mile operating cost of an electric one.

The engines are also expected to last much longer.

“There’s no moving parts in them.  There’s no brushes.  They are pure alternating current electric motors.  So, there is no end of how far they can go,” said Catterson.

It’s estimated the electric engines can run for more than 200 miles on a single night’s charge, and can travel up to 85 miles per hour.

Imperial Coach Builders says it will begin converting the limousines to electric-power in January.

Again, up to 100 new jobs could come as a result of this initiative.