Electric Car Company, Inc. (ELCR.OB) Finalizes Agreement with Electric Vehicle Conversions, LLC

In the company’s news Friday,

Electric Car Company, Inc. announced that it has finalized an agreement with Florida-based Electric Vehicle Performance Conversions, LLC. (EVPC).

In October 2009, ECC announced that it had signed a Letter Of Intent with EVPC to provide complete turnkey, electric power conversion consulting and technical services to ECC’s line of Livery and Fleet vehicles. The conversion is slated to include “Specialty Buses” for commuter, transit, limousine and sightseeing transportation industries.

The companies will work closely to create and develop matched Electric Vehicle and Hybrid systems, including electric drive systems for livery vehicle trucks weighing over one ton. The development will also extend to buses and limousine livery vehicles.

As per the agreement, EVPC will assist in establishing the Franchising Division with duties that include the new EV and Hybrid systems design consulting. While the agreement lasts, ECC and EVPC will jointly own and develop a proprietary Franchise Division. EVPC will contribute knowledge and sales assistance to ECC’s current and potential clients in order to increase the number of conversion franchises throughout the world.

Mr. Gary Spaniak, CEO of Electric Car Company, Inc. commented, “We are very happy to conclude this Agreement. EVPC has a proven successful track record in Electric Vehicle technologies and will be a great partner to help expedite our Electric and Hybrid products for our clients.”

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