LCTI Low Carbon Technologies International Inc. Secures Interest in Electric Vehicle Company
October 21 2013 - 10:19AM
OTC Markets
LCTI Low Carbon Technologies International Inc. Secures Interest in
Electric Vehicle Company
LCTI Low Carbon Technologies International Inc. Secures Interest in
Electric Vehicle Company
VANCOUVER, BC--(Marketwired - Oct 21, 2013) - LCTI Low Carbon
Technologies International, Inc. (PINKSHEETS: LWCTF), a diversified
company focused on the Clean-tech, Construction, Energy &
Energy Efficiency, Environmental, Mining and Real Estate business
sectors, announced today that the company has secured controlling
interest in EVCARCO Inc.
LCTI issued a non-exclusive sublicense for its licensed electric
and hybrid vehicle technologies.?The technology allows for the
production of lightweight fully wheel chair accessible electric and
hybrid buses and has the capability to be utilized for niche
utility vehicles such as garbage trucks and city utility
vehicles.?As consideration for the technology rights the Company
received 22 million class B preferred shares of EVCARCO Inc.?Each
share represents 1,000 votes and is convertible at 100 common
shares.
About Evcarco Inc.
About LCTI Low Carbon Technologies International Inc.
Safe Harbor
This news release contains forward-looking statements. These
statements fall within the meaning of the Private Securities
Litigation Reform Act of 1995 (the "ACT").?Such statements are not
historical facts; including statements about plans and expectations
regarding products and opportunities, demand and acceptance of new
or existing products, capital resources and future financial
results -- all forward-looking.?Forward-looking statements involve
risks and uncertainties which may cause the Company's actual
results in future periods to differ materially from those
expressed.?These uncertainties and risks include changing consumer
preferences, lack of success of new products, loss of the Company's
customers, competition and other factors discussed from time to
time in the Company's filings with the Securities and Exchange
Commission.?You can identify forward-looking statements by
terminology such as "may," "should," "expects," "plans,"
"anticipates," "believes," "estimates," "predicts," "potential" or
"continue" or the negative of these terms or other comparable
terminology. These statements are only predictions.?Other factors
may cause the Company or the industry's actual results, levels of
activity, performance or achievements to be materially different
from any future results, levels of activity, performance or
achievements expressed or implied by these forward-looking
statements. While these forward-looking statements, and any
assumptions upon which they are based, are made in good faith and
reflect our current judgment regarding the direction of our
business, actual results will almost always vary, sometimes
materially, from any estimates, predictions, projections,
assumptions or other future performance suggested herein. Except as
required by applicable law, including the securities laws of the
United States, the Company does not intend to update any of the
forward-looking statements to conform these statements to actual
results.
You should independently investigate and fully understand all
risks before making investment decisions.
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