SPRINGFIELD, Mo., Jan. 24, 2011 /PRNewswire/ -- Electric Car
Company, Inc. (OTC Bulletin Board: ELCR), a vehicle conversion
Company that specializes in electric conversions and manufacturing
for the Livery, Fleet and Private Specialty Markets, today
announces that it has executed an Exclusive Distributor Agreement
with Manufacturing Connection International, LLC. Agreement gives
distributor exclusive rights to inventory, market and sell the
Company's limousines, custom vehicles, electric conversion vehicles
and limo buses in the territory of The
Peoples Republic of China.
Imperial Coach Builders, a wholly owned subsidiary of Electric
Car Company (ICC), will manufacture all the vehicles out of its
manufacturing facility located in Springfield, MO. According to the
Agreement, the initial order will consist of 7 vehicles of any
model selected by Manufacturing Connection International (MCLLC).
Initial order will be placed within one week after obtaining
certification and dealer license from the Chinese government.
MCLLC has agreed to order a minimum of 5 additional vehicles
per month in order to maintain exclusivity on the territory.
Payment for all vehicles will be made in full before shipment
from factory to China.
MCLLC has informed the Company that they are in the final stages
of certification with the Chinese government and anticipates
approval within 30 to 60 days. It is important to note that
in order to obtain certification from China, manufacturers have to meet very
stringent quality standards. The Chinese certification
process is going smooth due in part to Imperial Coach Builders'
long standing Qualified Vehicle Modifier (QVM) certification given
to Imperial from Ford Motors. The QVM certification, respected
worldwide, is awarded only to manufacturers adhering to the highest
of quality and safety standards.
About Manufacturing Connection International, LLC
Manufacturing Connection International's primary business has
been marketing and business development for various production
equipment manufacturers and engineering services. MCLLC
currently represents companies like IPTE (an International factory
automation Company headquartered in Genk, Belgium with production facilities in 13
countries). MCLLC developed and currently manages client
accounts with such companies as General Motors, Valeo and Delphi to
name a few.
In 2010 MCLLC noticed that the market for luxury vehicles in
China was growing significantly.
With management having over 25 years of experience in the
automotive industry, the Company in conjunction with a private
Chinese investor decided to explore the opportunity in establishing
a luxury and specialty automobile dealership network in
China.
After significant due-diligence with various manufacturers,
Imperial Coach Builders stood out and was chosen to compete in the
Chinese market because of their quality, innovative designs and
manufacturing capabilities. It is the Company's strategy to
open the first dealership in Beijing,
China and expand to other provinces based on the market
demand. In addition to China MCLLC is in discussions with
Imperial for other countries as well.
Mr. Gary Spaniak, CEO of Electric
Car Company, Inc., states, "This is a very exciting opportunity for
our Company to expand internationally." Mr. Spaniak continues by
saying, "China has shown a great
deal of demand for the limousine and custom luxury vehicle products
and we look forward to significant growth for our
shareholders."
About Electric Car Company, Inc.
Electric Car Company, Inc., (OTCBB: ELCR) is a vehicle
conversion Company that specializes in manufacturing for the livery
and fleet markets including corporate VIP, Party Buses, Municipal
Buses, custom wheelchair accessible sedans 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.
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., For more information visit:
www.electric-elcr.com and 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.
SOURCE Electric Car Company, Inc.