Green Automotive Company Announces Order by Subsidiary Newport Coach Works, Inc. to Build Buses for
Green Automotive Company Announces Order by Subsidiary Newport Coach Works, Inc. to Build Buses for Don Brown Bus Sales Inc.
Green Automotive subsidiary, Newport Coach Works, Inc. announced the signing of an agreement to manufacture their full line of buses for Don Brown Bus Sales Inc.
NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Green Automotive Company (OTC:GACR) today announced that its subsidiary Newport Coach Works, Inc. signed a definitive distribution agreement for the manufacturing of buses over a two year period with Don Brown Bus Sales, Inc., one of North America's leading bus distributors, beginning November 1, 2012.
Newport Coach Works is to begin delivering units to Don Brown Bus Sales, Inc. in Spring 2013 for distribution by Don Brown Bus Sales. Under the agreement, Newport Coach Works will provide a range of diesel and CNG powered busses in the 12,500lb GVW to 33,000lb GVW to customers of Don Brown Bus Sales Inc.
Confirming the distribution agreement for Don Brown Bus Sales Inc., General Sales Manager AJ Thurber says, "We've worked with Carter Read and his team for a number of years and are delighted to continue our association via his new company Newport Coach Works. Mr Read's attention to detail, high quality product and innovative designs have a strong appeal amongst our customer base. We also like to promote his 'made in America' approach - he manages to keep his US content high and that's good for our country".
Carter Read, President of Newport Coach Works, "It's a real pleasure for me to work with the team from Don Brown Bus Sales, Inc.; their professional approach to sales makes our job much easier and we look forward to growing our business with them. With a number of exciting new developments in the pipeline, both in terms of cleaner drive train technology and bus designs and features, I expect strong sales growth going forward. We have a focus on using American sourced components, and can thus market busses with a very high American content - good for jobs, good for the economy and good for America!"
Fred Luke, President Green Automotive Company, "In announcing the distribution agreement I believe Newport Coach Works underlines its position in the bus building market as a major player. We expect further orders in the near future and are excited about the technology developments that Newport and our UK-based subsidiary Liberty have in the area of zero emission buses."
About Green Automotive Company : Green Automotive Company is a US public company involved in the Conversion, Import and World-wide 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 EV's. 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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