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EVCARCO’s Corporate Development Update Regarding its Future Driven® Brand

Friday, March 23rd, 2012

Fort Worth, Texas – EVCARCO Inc. (OTCBB:EVCA) (OTCQB:EVCA), a Future Driven® Automotive Retail Group today announced updates to the shareholders and investment community on recent corporate developments, future plans, growth strategies, capital needs and changes to its share structure.

The Company has been working diligently to cultivate several, potentially valuable joint partnerships, identify new markets with products that provide carbon reduction technologies, sales channels, and sources of revenue.

As the Company moves forward, it continues to operate from its Micro-New Car Dealership in Ft.Worth, Texas that has generated cumulative gross revenues of $2,208,948.00, as of the last reported period of September 30, 2011. These revenues represent sales of new electric cars, EV charging stations, and pre-owned vehicles. The Company also continues to expose and market its Master Franchise and Single Locations Franchises opportunities of the Future Driven® Dealership Franchise.

On February 22, 2012, the Company announced that it signed a Memorandum of Understanding (MOU) with HFX Laboratories, Inc. regarding the market development, testing and licensing of the HFX4 Hydrogen Hybrid Combustion/Fuel Enhancement Systems. The Company is currently conducting tests of the HFX4 Hybrid System. The system produces hydrogen for use as a catalyst in the vehicle’s combustion system. The hydrogen catalyst is introduced into the vehicle’s air intake to completely utilize the fuel in the combustion process. The goal is to find in EVCA’s Due Diligence, results of 20% to 35% improvement in MPG and a reduction in emissions in the range of 60%, depending on engine efficiency.

Mack Sanders, CEO of EVCARCO, stated, “We have continued to work on expanding and growing acceptance of environmentally friendly vehicles. With recent increases in gasoline and diesel, we expect more consumers will feel the pain at the pump and embrace our products.”

Effective November 30, 2011, the Company amended its Articles of Incorporation to increase authorized capital. The increase was necessary in order to accommodate conversion of debt taken on over the same year. As of the date of this release, significant portion of the convertible notes payable has been paid off.

For more information on EVCARCO, Inc., please view: www.evcarco.com.  Shareholder inquiries should be directed to (972) 571-1624.

EVCARCO Inc. is a Future Driven® Automotive Retail Group focused on deploying a coast-to-coast network of environmentally friendly franchised dealerships, vehicles, technologies and sustainable solutions. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric, alternative fuel, and pre-owned hybrid vehicles from multiple manufacturers.

Forward-Looking Statement

This release contains forward-looking statements that reflect EVCARCO Inc. plans and expectations. In this press release and related comments by Company management, words like “expect,” “anticipate,” “estimate,” “forecast,” “objective,” “plan,” “goal” and similar expressions are used to identify forward-looking statements, representing management’s current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.

Investor Relations Contact:

Jack Eversull

The Eversull Group, Inc.

972-571-1624

214-469-2361 fax

[email protected]

How the Electric Vehicle Industry Will Succeed?

Tuesday, August 23rd, 2011

How the Electric Vehicle Industry Will Succeed?

We know that energy supplies are limited and that there is a time in the near future when we have to accept reality and transition away from fossil fuel use. This is something that people understand and accept, but which many have not yet taken steps to make a reality. This is why there is still a limited infrastructure meant to support the use of the electric vehicle on a widespread basis.

For example, if you own an electric vehicle you may make a point of finding all of the charging stations available to you in your area or in the places where you travel frequently. If you don’t already own an electric vehicle, on the other hand, you may see a charging station as a novelty or as something very interesting, but not yet essential. Continue reading “How the Electric Vehicle Industry Will Succeed?” »

1.2MWh Lithium Ion Battery Energy Storage System Project In Canada

Wednesday, August 17th, 2011

Electrovaya to Provide 1.2MWh Lithium Ion Battery Energy Storage System (BESS)Under the Federal Government Clean Energy Fund for Demonstration Purposes in Ontario

Electrovaya Inc. today announced that it has signed a contract to provide a lithium ion Battery Energy Storage System (“BESS”) of approximately 1.2MWh for demonstration purposes in support of renewable energy generation in Ontario.

This program is a part of an Electrovaya led $7.6 million project supported by the Government of Canada’s Clean Energy Fund (CEF) to investigate the potential use of battery energy storage systems in clean energy project, such as wind and solar farms. Partners in the project include Natural Resources, Canada, Hydro One and others. Electrovaya is the prime contractor and system designer and will provide the full energy storage system.

“By investing $3.36 million in the Electrovaya electricity storage project, our Government is demonstrating its commitment to position Canada at the forefront of clean energy technology,” said the Honourable Joe Oliver, Minister of Natural Resources. “This innovative project supports high quality jobs for Ontario and encourages new technologies to help protect our environment for future generations.”

“We are pleased to team up with Electrovaya to explore how Battery Energy Storage Systems can work with our grid and benefit our customers,” said Rick Stevens, Vice President, Asset Management, Hydro One Networks Inc. “We are proud to work with an Ontario company to take a leadership role in the further development of the advanced distribution system.” Continue reading “1.2MWh Lithium Ion Battery Energy Storage System Project In Canada” »

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