NOHO Announces That StarPoint USA Will Distribute GreenPower's EV 350 All-Electric Long-Range Transit Bus
March 20 2014 - 8:45AM
Marketwired
NOHO Announces That StarPoint USA Will Distribute GreenPower's EV
350 All-Electric Long-Range Transit Bus
BOCA RATON, FL--(Marketwired - Mar 20, 2014) - Novation
Holdings, Inc. (OTCQB: NOHO) announced today that StarPoint USA,
Inc., a wholly owned subsidiary of Crown City Pictures, Inc. (OTC
Pink: CCPI) (PINKSHEETS: CCPI), and an indirect subsidiary of NOHO,
will distribute all-electric buses manufactured and assembled by
GreenPower Motor Company, Inc. ("GreenPower"), based in Vancouver,
British Columbia, Canada (www.greenpowerbus.com). StarPoint
has previously executed a Factory Direct Representative Agreement
with GreenPower which appoints StarPoint USA as GreenPower's
exclusive Authorized Factory Direct Representative for the sale of
the GreenPower EV 350 and EV 350-MC all-electric buses, and all
future models, for Texas, Oklahoma, New Mexico, Louisiana,
Mississippi and Puerto Rico. StarPoint USA also will seek
approval from the US General Services Administration ("GSA") to
sell GreenPower electric buses to a wide range of GSA
accounts.
GreenPower's EV 350 is an all-electric 12-meter (40 ft) transit
bus incorporating lightweight battery packs providing for a range
in excess of 250 kilometers (155 miles) on a single charge. Parts
sourced from world-class suppliers like Siemens, ZF, Thermo King,
Webasto, and Alcoa are used in the production of each GreenPower EV
350 bus. In a press release issued on March 18, 2014, GreenPower
announced that "GreenPower anticipates the arrival of their first
North American all-electric transit bus to land on US soil at the
end of April 2014. In conjunction with their strategic
distribution partner StarPoint USA, they have plans to
demonstrate the all-electric bus to transit authorities nationwide
including parts of Canada during a coast-to-coast tour."
"We are very excited about this news from GreenPower Motor
Company regarding the delivery schedule for their first
all-electric transit bus and we look forward to demonstrating it to
transit authorities across North America in the coast-to-coast tour
that starts shortly after the bus arrives in California next
month," said Ben Rainwater, President & CEO of StarPoint
USA.
Phillip Oldridge, GreenPower's CEO, stated, "It has been a
long road filled with many obstacles and challenges. Until
recently, battery technologies were not advanced enough to support
the long routes and demands required of public transit. Our EV 350
incorporates new advanced technologies with outstanding
results! We look forward to working with StarPoint USA, Inc.
to develop the US market for our all-electric transit bus."
StarPoint USA (www.StarPointUS.com) is a US based vehicle
distribution company that has a proven sales track record having
distributed vehicles and parts to the US market since 1998. As
part of its ongoing business, StarPoint USA has been the ongoing
and exclusive distributor of Daewoo vehicles and Genuine Daewoo
Parts to the US market. Today, StarPoint USA continues to
provide both warranty administration and genuine Daewoo parts to
the remaining Daewoo owners in the US as it also does business in
the alternative fuel vehicles ("AFVs") space. StarPoint USA plans
to maximize sales and market share through the near term use and
further development of an existing and robust independent retail
dealership network. The company will offer unique vehicles of
exceptional value at very competitive prices with sales being
supported by a seasoned, market savvy management team that is
capable of implementing a marketing strategy designed to introduce
new models/brands and establish it as a leader in the alternative
fuel vehicle market niche.
GreenPower Motor Company, Inc. is a British Columbia corporation
focused on the public sector heavy duty transit bus and private
sector motor coach transportation industries and eco-commercial
equipment that maintains its long-term vision of being a global
supplier of long-range electric powered vehicles. With 100+
years of management experience, GreenPower is engaged in the
design, engineering, manufacturing, sales and aftermarket business
of buses, coaches, and select commercial equipment.
FORWARD LOOKING STATEMENT
Certain statements contained herein and subsequent oral
statements made by and on behalf of Novation Holdings, Inc. (the
Company) may contain "forward looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Such forward looking statements are identified by words such as
"intends", "anticipates", "believes", "expects", and "hopes" and
includes, without limitation, statements regarding Novation
Holdings, Inc.'s plan of business operations, product research and
development activities, anticipated revenues and expenses and
potential contractual arrangements and obligations. Also, our
management may make forward-looking statements orally to investors,
analysts, the media and others. Any statements made in this news
release about an action, event or development, are forward-looking
statements. Such statements are based upon assumptions that in the
future may prove not to have been accurate and are subject to
significant risks and uncertainties. Such statements are subject to
a number of assumptions, risks and uncertainties, many of which are
beyond the control of the Company. These risks and others are
included from time to time in documents we file with the Securities
and Exchange Commission, including but not limited to, its Form
10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable
factors also could have material adverse effects on our future
results. Accordingly, you should not place undue reliance on these
forward-looking statements. Although the Company believes that the
expectations reflected in the forward-looking statements are
reasonable, it can give no assurance that its forward-looking
statements will prove to be correct. Investors are cautioned that
any forward-looking statements are not guarantees of future
performance and actual results or developments may differ
materially from those projected. The forward-looking statements in
this press release are made as of the date hereof. The Company
undertakes no obligation to update or correct its own
forward-looking statements, except as required by law or those
prepared by third parties that are not paid by the Company. The
Company's SEC filings are available at http://www.sec.gov.
Contact: Novation Holdings, Inc. Media Department
media@novationholdings.com
Novation (CE) (USOTC:NOHO)
Historical Stock Chart
From Jul 2024 to Aug 2024
Novation (CE) (USOTC:NOHO)
Historical Stock Chart
From Aug 2023 to Aug 2024