EVCA, ELCR, & MGA: Investors Approve Magna Plan for Buyout

July 24, 2010 - PRLog -- EVCARCO (EVCA.OB),

a publicly held company dealing in alternative energy vehicles, announced that the board of directors has approved the expansion of EVCARCO operations into South America. The company has appointed Bogota, Colombia as its base of operations for the Texas Corporation.

The company, which is focused on the sale of alternative energy vehicles, has seen a dramatic increase in inquires from South America as well as specific government requests to supply all electric units for fleet use.

Scott O’Neal, COO, stated, “After visiting South America, and meeting in Colombia with government officials I was impressed at the willingness and Desire to create alternative energy fleets in several branches of government. It is the perfect time for EVCARCO to expand into these countries, noting that in some countries gas prices are nearly double U.S. regulated prices, making alternative fuel options financially viable even in developing nations.

EVCARCO is the first automotive retail group dedicated to deploying a coast-to-coast network of eco-friendly dealerships and vehicles. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric and alternative fuel vehicles. EVCARCO has developed a dealer network allowing growth into most US States by 2012.

To See The Vehicles EVARCO Has To Offer, Go To: www.evcarco.com.



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Electric Car Company (ELCR.OB)

Electric Car Company, Inc
. operates as a business development, marketing, and manufacturing conglomerate. The company?s focus is to provide 100% electric vehicle and powertrain technologies. It plans to operate in aftermarket automotive up-fitter segment, including Pure Electric vehicles, propane, specialty buses, limousines, specialty fleet, classic automobiles, and custom restorations. The company, through its subsidiary, Imperial Coach Works, Inc., operates a limousine and specialty vehicle manufacturing facility. The company was formerly known as Classic Costume Company, Inc. and changed its name to Electric Car Company, Inc.

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Magna International Inc.

Recent News: Investors Approve Magna Plan for Buyout

Magna International Inc. operates as a diversified automotive supplier. It designs, develops, and manufactures automotive systems, assemblies, and modules and components, as well as engineers and assembles vehicles primarily for sale to original equipment manufacturers of cars and light trucks. The company's product portfolio includes vehicle engineering and assembly, powertrain systems, roof systems, body and chassis systems, electronic systems, hybrid and electric vehicles/systems, exterior and interior systems, seating systems, closure systems, and vision systems. It operates primarily in North America and Europe. The company was formerly known as Magna Electronics Corporation Limited and changed its name to Magna International Inc.

For More Info Visit: http://www.magna.com




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