Electric Car Company, Inc. Finalizes Exclusive Manufacturing and Distributor Agreement With Sunbeam Motorsports, Inc.
July 15 2010 - 8:30AM
Electric Car Company, Inc. (OTCBB:ELCR), 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™ in both 3
wheel and 4 wheel designs, the Sunbeam SX™ 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™ 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™ and roadside
assistance products as add on products to enhance the Sunbeam
experience for the consumer. The FasTrax™ 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™ 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., (OTCBB:ELCR) 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.
CONTACT: IR Pro 2.0
Henry Harrison
407-682-2001
hharrison@insidewallstreet.com
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