Green Automotive Company Appoints Nick Hewson to the Board of Directors
NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Green Automotive Company (OTC:GACR) is reinforcing its Board of Directors by appointing Nick Hewson to its Board, effective September 26, 2012. Nick Hewson joins the Board in anticipation of a number of important deals currently in the pipeline. This appointment follows the recent appointment to the Board of Ian Hobday, CEO Liberty Electric Cars, and Darren West, Finance Director for the business.
Nick Hewson, age 54, is a graduate of Cambridge University and has spent over twenty-five years as a director of various public companies, having qualified as a Chartered Accountant in 1984. In 1990, he co-founded a property company in the UK which listed on the London Stock Exchange in 1996 and was bought out by a competitor in 2002. Mr. Hewson served as Finance Director, CEO and later Executive Chairman of that company.
Since 2002, Mr. Hewson has concentrated on developing businesses, both in property and non-property sectors, and has a strong interest in low carbon and carbon reduction business initiatives. He was a co-founder, major shareholder and a director of Going Green Limited, the company that pioneered electric vehicles (EV) in the UK with the hugely successful G-Wiz - an electric vehicle designed in California and manufactured in India. With over 1,000 vehicles sold in the UK, Going Green can lay claim to the highest number of EV sales from a single retail point in any European country! For more information on Going Green Limited visit www.goingreen.co.uk.
During Mr. Hewson's time with GoinGreen, the company won several awards, which, among others, included the t-mobile "Start up Business of the Year" award in 2004 and winner of the "Automotive Industries National Gold award" at the Green Apple Environment Presentation in 2010.
Commenting on the appointment of Mr. Hewson , Ian Hobday, a Director of Green Automotive and CEO of Liberty Electric Cars, said, "Nick's pioneering experience in retailing electric vehicles is of incredible value to Green Automotive. As our company continues to grow [we recently acquired Liberty Electric Cars in the UK] and we are close to closing a number of significant target acquisitions and joint ventures in the US, the UK and Europe, it is essential that Green Automotive has a strong Board including members with both entrepreneurial and EV experience who can jointly oversee the company's organization and activities." Mr. Hobday continued, "We are delighted Nick has joined the Board. He must be one of the most experienced individuals in the world of EVs - no one has been there longer or achieved more! His valuable hands-on experience and innovative ideas in the emerging electric vehicle retail sector, a market that is forecasted to grow strongly over the next few years, should help Green Automotive to emerge as the leading player."
About Green Automotive Company : Green Automotive Company is a US public company involved in the Conversion, Import and Distribution of Eco-friendly vehicles. The Company is presently planning to bring All-Electric and other Eco-friendly vehicles into the United States market through a combination of converting piston engine vehicles and importing existing EVs. The Company is currently involved in assessing a number of All-Electric and alternate fuel vehicles including an All-Electric Intra-City and Municipal Mass Transit Bus and School Bus, for introduction to the US market. GAC recently acquired Liberty Electric Cars Limited, a UK-based company that designs, develops, manufacturers and markets electric vehicle technologies for use in its own converted vehicles and for sale to OEM's for incorporation into their production. It provides a full aftermarket program to electric vehicle users to ensure the longevity of their vehicles and has partnership arrangements in other European countries. The Liberty team can count on over 200 man years of experience in the Automotive industry and specifically 70 plus man years in the EV sector covering some 2,500,000 miles. Green Automotive Company maintains its Corporate Office in Newport Beach, California. Green Automotive Company shares are traded on the OTC Market Tier--OTC Pink Current under the symbol "GACR." For more information visit www.usaelectricauto.com or write to firstname.lastname@example.org.
Safe Harbor Statement - This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Green Automotive Company incorporates by reference its disclosure and financial statements posted on www.otcmarkets.com, and does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
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