Electrameccanica Engages Leading International Law Firm, K&L Gates, to Address Anonymous Seeking Alpha Author Allegations
November 16 2018 - 08:00AM
Electrameccanica Vehicles Corp. (NASDAQ: SOLO) ("Electrameccanica"
or the "Company"), a designer and manufacturer of electric
vehicles, today responded to an article written by an anonymous
author and published via online blog Seeking Alpha (as dated
November 14, 2018).
While Electrameccanica respects the online
publications right to host a blog, as well as to publish content
with anonymous bylines, the Company reaffirms its commitment to
both transparency and accuracy of information, to a competent and
reliable shareholder communication and outreach program, and to the
adherence of the highest standards of corporate governance.
Electrameccanica would caution investors that the allegations made
by the anonymous author and published by the online blog contained
numerous factual inaccuracies, and that the Company has
concurrently engaged leading international law firm K&L Gates
to address such inaccuracies.
Electrameccanica welcomes an open dialogue with
any and all shareholders. Given the potential that the Company will
seek legal action against those involved in publishing false
claims, Electrameccanica will not be providing additional
commentary on the matter until it has reached resolution.
About Electrameccanica Vehicles
Corp.Electrameccanica is a designer and manufacturer of
electric vehicles. The Company builds the innovative, all-electric
SOLO, a single passenger vehicle developed to revolutionize the way
people commute, as well as the Tofino, an elegant high-performance
two seater electric roadster sports car. Both vehicles are tuned
for the ultimate driving experience while making your commute more
efficient, cost-effective and environmentally friendly.
Intermeccanica, a subsidiary of Electrameccanica, has successfully
been building high-end specialty cars for 59 years. The
Electrameccanica family is delivering next generation affordable
electric vehicles to the masses. For more information,
visit www.electrameccanica.com.
Safe Harbor StatementsSome of
the statements contained in this press release are forward-looking
statements and information within the meaning of applicable
securities laws. Forward-looking statements and information can be
identified by the use of words such as “expects”, “intends”, “is
expected”, “potential”, “suggests” or variations of such words or
phrases, or statements that certain actions, events or results
“may”, “could”, “should”, “would”, “might” or “will” be taken,
occur or be achieved. Forward-looking statements and information
are not historical facts and are subject to a number of risks and
uncertainties beyond the Company’s control. Actual results and
developments are likely to differ, and may differ materially, from
those expressed or implied by the forward-looking statements
contained in this news release. Accordingly, readers should not
place undue reliance on forward-looking statements. The Company
undertakes no obligation to update publicly or otherwise revise any
forward-looking statements, except as may be required by law.
Media Contact:Sean Mahoney (310)
867-0670sean@ElectraMeccanica.com
Investor Relations:Greg FalesnikManaging
DirectorMZ Group - MZ North America(949)
385-6449greg.falesnik@mzgroup.uswww.mzgroup.us
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