EVCA 2013 a year ahead news out
EvCarCo, Inc. Unveils Strategy for 2013
2013-03-20 08:15 ET - News Release
FT. WORTH, TX -- (Marketwire) -- 03/20/13
EvCarCo, Inc. (OTCQB: EVCA) announced today its enthusiastic strategy to bring the Company to profitability. With the management team in place, and after months of planning, the team is ready to share this strategy with its shareholders.
On March 1, 2013 the Company filed an Information Statement pursuant to Section 14(c) of the Securities Exchange Act of 1934. As announced on Tuesday, this Information Statement was filed to advise the shareholders that the Board of Directors gave their written consent to change the name of the Company to Third Stone Ventures, Inc. A symbol change will accompany the name change. This change is required to reflect a fresh direction as the Company continues to diversify and grow through targeted acquisitions. This action is expected to be effective on or before April 8, 2013.
EvCarCo, Inc. will continue operations as usual, with Mack Sanders, COO, managing day-to-day operations. With his extensive knowledge in the auto industry, widespread network, and a slowly improving economic outlook, revenues are expected to grow substantially year over year. According to AUTO Remarketing, the news media of the pre-owned industry, "Inventories are shrinking, and demand for product should continue at this pace for the near term future." This trend is evidenced in the Company's Q1 sales that are expected to double Q1 2012 numbers. The green automobile and alternative fuels market have continued to show improvement, and the Company's commitment to that investment remains strong.
The Third Stone Corporation, Inc., a wholly owned subsidiary, remains the Company's diamond in the rough with a solid foothold in the $156B Software Publishing industry. The Company will continue to grow throughout 2013, by launching software programs to complement its existing portfolio. These new programs will target inland and offshore anglers, as well as software geared specifically for hunters. Third Stone Corporation began targeting the $17.5B mobile app market last year and will continue this year by continuing to develop new apps and expanding the current offering(s) to different operating platforms.
The recently announced acquisition of American Rodsmiths (SRS) brings with it a fresh revenue stream as well as a solid established business. Operating for almost 15 years as a private company, it is recognized across the US as one of the top rod manufactures in this $45B industry. This industry boasts over $1.8B in fishing tackle revenues, and since more Americans fish (35.9M) than play golf (24.4M) and tennis (10.4M) combined, the market is ready for rods with superior technology built in. 2013 will see ARS streamline its operations for more efficient methodology of supply chain activities. Investments in inventory control will allow better view of the end-to-end processes and identify areas for improvement. Research and development will continue as Robert Sherer, former owner, will remain as Head of R&D.
Moving through 2013 and beyond, there are some additional acquisitions and mergers in the pipeline, however, the Company will continue to move at a slow and conservative pace to ensure its shareholders receive the best value for their investment.
For more information on The Third Stone Corporation, Inc., please view: www.thirdstonecorp.com. Shareholder inquiries should be directed to (972) 571-1624.
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. EvCarCo also owns The Third Stone Corporation, a forward-thinking software provider dedicated to improving and enhancing lives through innovations of software development and data services for sport, financial, home automation and social networking.
American Rodsmiths Inc. is one of the most respected rod brands in the US with over 160 dealers in 47 states plus Mexico and Spain. For the last 15 years, ARS has provided the most technological advanced equipment available to anglers in all areas of sport fishing.
Safe Harbor Statement
This press release may contain forward-looking statements which are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues as well as any payment of dividends on our common and preferred stock, statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC) including but not limited to information as contained within the Company's most current quarterly reports, annual reports, and or other filings. Furthermore, the Company disclaims any intention or obligation to update or revise any such forward-looking statements, whether as a result of new information, future events, or otherwise. We have incurred and will continue to incur significant expenses in our expansion into new related services and there is no assurance that we will generate revenues sufficient to offset those costs. Expansion may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the various geopolitical locations we will be providing services in; the impact of which cannot be predicted at this time.
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For more information, please contact
Investor Relations for EvCarCo:
Jack Eversull
President
The Eversull Group, Inc.
972-571-1624
214-469-2361
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