GLITR


Posted: Wednesday, 18 June 2008 5:47PM

EcoV Electric Car Boss Plans Stock Offering

Richard Marks has had it with the private investment community in Michigan.

Instead, he announced Wednesday that he is taking his Environmental Transportation Solutions LLC public through a "Direct Public Offering," with the assistance of Annacore Business Capital, a Michigan-based company specializing in assisting emerging companies meet their capital requirements.

The DPO process will provide an immediate opportunity for investors to participate in the all-electric EcoV vehicle at an introductory price.

The EcoV is an all-electric "city car" using common lead-acid batteries. It has a range of about 25 miles on an eight-hour charge, and a maximum speed of 25 mph. Its intended market is fleets, such as municipal parking enforcement, mail delivery or security patrol, as well as consumers seeking a second or third vehicle for in-town errands.

It is built to auto industry standards, with a tubular space frame developed by a company that also builds NASCAR frames, fiberglass body panels, and auto-grade steering, braking and lights.

“With gas prices now topping $4 per gallon and rising, both commercial fleets and the general public are hurting badly," said Marks, EcoV president and CEO. "They’re looking for solutions and EcoV Electric provides excellent solutions for both. EcoV actually pays you to be green! Going public provides us the collateral necessary to seek immediate support from private investors whom now can expect a return on their investment in a much shorter timeframe than if we remained a private venture. We’re excited about this new development and hope to create even more interest and momentum than what we already have.”

Marks said traffic at the www.EcoVElectric.com Web site has doubled in just the last month. Many site visitors and local people familiar with the company have inquired about the opportunity to purchase an EcoV vehicle in advance of production.

Due to its roots as a commercial fleet vehicle, it is unique among its competitors in that it is very well constructed, and thus very safe for driving on all public roads.

Commercial fleet customers have already expressed great interest and are awaiting the next generation EcoV production vehicles for testing. The company anticipates full production in early 2009.

Marks said that under the public offering registration on the OTC Bulletin Board which could be completed in as little as 120 days.

By SEC rules, the company must acquire 40 shareholders with a minimum of $2,00 per investor. Each investor will own 10,000 shares in EcoV as a result of this nominal investment and the working capital secured will allow the company to complete its prototype vehicles and testing and then move into full production.

Once the company is registered on the OTC BB, a $200,000 PR campaign launch is planned.

The company welcomes inquiries from both accredited and non-accredited investors. If you are interested to learn more about EcoV and the opportunity to support the company and our environment by becoming an owner, contact Richard Marks at rwmarks@ecovelectric.com.

More about Annacore at www.annacorebusinesscapital.com or www.directpublicofferings.net.


© MMVIII WWJ Radio, All Rights Reserved.
 
 
Print Page Email This Page
 
 
ADVERTISEMENT
 
 
 
 
GLITR Newsletter
GLITR December 2, 2008
GLITR December 1, 2008
Archive
 
 
GLITR Podcasts
GLITR 12/4
Latest news of technological innovations and applications in the Great Lakes area.
GLITR-12/03
Michigan has the upper-hand in future renewable energy jobs.
GLITR 12/2
News of technological relevance for the Great Lakes area from WWJ's master of tech, Matt Roush.
GLITR 12/1
Matt Roush has news and views of interest to the technologically minded in the Great Lakes area.
Great Lakes IT Report 11/28
WWJ Technology Editor Matt Roush looks at technology trends across the state.