JNS Holdings Corporation Announces Formation of New Majority Owned Subsidiary Evolve USA Charging Corporation
May 13 2013 - 8:00AM
Business Wire
JNS Holdings Corporation (OTC Markets Group: JNSH) announced
today that it has formed a new majority owned
subsidiary Evolve USA Charging Corporation an Illinois
domiciled and based Company. Evolve USA Charging Corporation will
be solely responsible for new sales, service and the development of
Electric Vehicle Charging Systems for both residential and
commercial applications. Evolve will also be responsible for
administration of the recently agreed upon Asset Purchase Agreement
of the Chicago Grant Agreement.
Initially upon court approval Evolve will begin operations with
a network of owned and operated units that consist of 142 Level II
chargers and 26 Level III DC fast chargers within the Chicago
market. Evolve will also focus on expanding its number of units
with additional acquisitions and the development of new
locations.
Evolve’s business model will allow Evolve USA Charging
Corporation to own, operate and maintain a network of EV Charging
Stations throughout the Chicagoland area by entering into
shared revenue agreements with the owners of desired properties.
Evolve is proceeding with securing exclusive locations
strategically placed within Chicago and the surrounding suburbs and
in conjunction with targeted areas for our initial launch of our
Electric Vehicle Charging Station infrastructure.
Whether you are interested in hosting an Evolve USA Charging
Station or just interested in seeing an EV public charging station
near you, please contact us at info@evolveusacharging.com.
“The company believes that EV Charging Stations offer an
excellent opportunity for revenue growth as more and more consumers
seek alternatives to oil dependency and environmentally friendly
options," stated Brian Howe, Chief Executive Officer.
Mr. Howe also stated, “With more and more automobile
manufacturers developing electric vehicles and the cost of such
vehicles coming down the need for charging stations will only
increase. JNS based upon its years of experience in the electrical
industry is poised and ready to seize this opportunity."
About JNS Holdings Corporation:
JNS Holdings focuses on building solid growth for our
investors and shareholders through expansion of our core businesses
while seeking additional strategic opportunities. Evolve USA
Charging Corporation is the Chicago (IL) – based subsidiary of JNS
Holdings specializing in EV infrastructure solutions. JNS is
committed in creating a useful and well maintained network for EV
charging. The corporate headquarters is located in Arlington
Heights, Illinois, USA.
This press release does not constitute an offer of any
securities for sale. This press release contains certain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. These forward-looking statements involve certain risks
and uncertainties that could cause actual results to differ. All
forward-looking statements in this press release are based on
information available to the company as of the date hereof, and the
company undertakes no obligation to update forward-looking
statements to reflect events or circumstances occurring after the
date of this press release.
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