EVCARCO Expressed Interest in Acquiring Mitsubishi Franchises

EVCARCO, Inc. (OTCBB: EVCA) (OTCQB: EVCA) announced an expressed interest in acquiring Mitsubishi Franchises due to the leadership position Mitsubishi Motor Corporation has taken in the electric vehicles market and its efforts to reduce environmental impact.

Scott O’Neal, Co-Founder & COO of EVCARCO, stated, "Our acquisition plan announced publicly on April 14, 2011 was to evaluate and acquire dealerships and align the Company with major manufacturers that produce vehicles consumers want to drive. One of the manufacturers we are considering is Mitsubishi and its electric vehicle, MiEV, as seen in the Dallas and Fort Worth Auto Shows."

The i, or MiEV, is powered by Mitsubishi’s innovative Electric Vehicle (MiEV) technology. The electric motor can go from zero to 60 in under 9 seconds. The rear-wheel drive vehicle has a 49kW (66 bhp) AC synchronous electric motor; an 88 cell, 330 V lithium-ion battery pack for peak storage of 16 kWh; an onboard charger and a single fixed reduction gear transmission. The electric motor is capable of producing a peak torque of 145 lb. ft. almost instantaneously when accelerating from a standstill. It can reach up to 80 miles per hour.

The Company is working through THE Search Firm to facilitate the acquisitions of current Mitsubishi Franchises through Buy/Sell agreements. Current Mitsubishi Dealers interested in learning more should contact Jason Poucher, THE Search Firm at 866-441-5627.

THE Search Firm was established to provide executive level consulting to the automotive industry. The company has since evolved into one of the leading automotive consulting firms in the nation by providing expertise in both the recruiting and placement arena as well as the brokerage of automotive dealerships.

EVCARCO Inc. is the first automotive retail group dedicated to deploying a coast-to-coast network of environmentally friendly franchised dealerships and vehicles. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric, alternative fuel, and pre-owned hybrid vehicles from multiple manufactures. EVCARCO – Future Driven ®

This Press Release contains certain forward-looking statements that involve substantial risks and uncertainties, including, but not limited to, the results of ongoing clinical studies, economic conditions, product and technology development, production efficiencies, product demand, competitive products, competitive environment, successful testing and government regulatory issues. Additional risks are identified in the company’s filings made with the Securities and Exchange Commission.