EVCARCO, Inc. (EVCA.OB)
EVCA, a publicly held company in alternative energy vehicles, announced recently 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 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 ONEAL, 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 plans to introduce the following elements to South America:
Government alternative energy advisory
Public and commercial electric vehicles
Mass transit alternative fuel units
All electric taxi and high use units
Other viable electric vehicle transportation
Dale Long, CEO, stated, "The environment is a global problem which is why we are looking at areas that need our products the most, when we look at Mexico City, Mexico with a 28 million population or Lima, Peru, we see huge requirement for real World Solutions, which is why we are now poised to enter the market."
At the time of print EVCARCO has key executives creating alliances with South American governments for long range programs aimed at fossil fuel reduction and adoption of electric vehicles.
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PATTERSON-UTI ENERGY, INC. (Nasdaq:PTEN)
PTEN recently reported that for the month of July 2010, the Company had an average of 172 drilling rigs operating, including 165 rigs in the United States and 7 rigs in Canada.
Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were operating under a drilling contract. The Company cautioned that numerous factors in addition to average drilling rigs operating can impact the Company's operating results and that a particular trend in the number of drilling rigs operating may or may not indicate a trend in or be indicative of the Company's financial performance. The Company intends to continue providing monthly updates on drilling rigs operating shortly after the end of each month.
About Patterson-UTI
Patterson-UTI Energy, Inc. subsidiaries provide onshore contract drilling and pressure pumping services to exploration and production companies in North America. Patterson-
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