EvCarCo, Inc. Announces Departure of Directors or Certain Officers
December 20 2013 - 4:30PM
Marketwired
EvCarCo, Inc. Announces Departure of Directors or Certain Officers
FT. WORTH, TX--(Marketwired - Dec 20, 2013) - EvCarCo, Inc.
(PINKSHEETS: EVCA) announced today the resignation of the following
Officers and Directors:
Effective December 1, 2013, Bryan Miller and Gerardo Hubard
resigned as directors of the Company, and that Bryan Miller,
Gerardo Hubard, Edwin McKnight and Alexander Backman had resigned
as officers of the Company. The remaining officers and
directors are Walter Speck and Mack Sanders. Each of the
resigning directors and officers was provided a copy of this
disclosure and provided an opportunity to comment, and jointly make
the following statement:
"The Company has been undertaking due diligence into various
previous transactions and has discovered some potentially damaging
issues. These issues could be serious, including possible
securities law violations. The transactions in question involve
convertible debt issuances, consulting agreements, breaches of
fiduciary duties and self-dealing, and serious dilution matters
beginning as early as 2009. The resigning officers and
directors were not aware of these affairs when they agreed to
accept management of EvCarCo, but after the engagement of both
securities counsel and litigation counsel to review all matters as
it relates to these issues, we have determined that continued
representation of EvCarCo is not in our best interest."
EvCarCo, Inc. is a Future DrivenĀ® Automotive Retail Group
focused on deploying a coast-to-coast network of eco-friendly
dealerships and vehicles. The Company sells or leases new &
pre-owned all electric, alternative fuel and hybrid vehicles from
most auto makers. For additional information regarding EVCARCO
visit: www.evcarco.com.
This press release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Act of 1934. These forward-looking
statements are based largely on the expectations or forecasts of
future events, can be affected by inaccurate assumptions, and are
subject to various business risks and known and unknown
uncertainties, a number of which are beyond the control of
management. Therefore, actual results could differ materially from
the forward-looking statements contained in this press release.
Additional information respecting the factors that could materially
affect the Company and its operations are contained in its annual
report on Form 10K and Form 10-Q as filed with the Securities and
Exchange Commission. The Company undertakes no obligation to
publicly update or revise any forward-looking statement.
Investor Relations Contact: Jack Eversull The Eversull Group,
Inc. 972-571-1624 214-469-2361 fax Email Contact