Green Automotive Announces New Vehicle Shipment

Green Automotive Company Corporation (GACR.PK) announced today the arrival of nine new All-Electric vehicles from its vehicle manufacturer based in China. According to the Company the vehicles have cleared Customs and have been delivered to its temporary holding facility in Southern California.

The Company took delivery of the new fleet that included a brand new All-Electric Multi-Purpose Vehicle (MPV). The vehicles will continue to undergo rigorous U.S. testing and evaluation related to Federal Motor Vehicle Safety Standards (FMVSS) and other vehicle quality and market research activities before being introduced to the U.S. market later this year. The vehicles will be kept at StarPoint USA’s facility near the Port of Long Beach under the supervision of Green Automotive Consultant, Ben Rainwater.

Mr. Rainwater, President and CEO of StarPoint USA, Inc., has been with StarPoint/Daewoo Motor America since August 1997. Mr. Rainwater, a recognized automobile industry professional, has over 35 years of experience in all phases of wholesale/retail parts and service business environments. “As a key member of the start-up teams for four separate automobile manufacturer/distributors including Mitsubishi, Daihatsu, Kia and Daewoo, Rainwater has significant knowledge and experience in creating, designing, developing, implementing, and growing an entire automobile distribution business from design to Dealership," said Steve Wells, a Company Director and VP of Product Development.

The Company also announced that recent marketing research conducted on its All-Electric SUV indicates that the SUV has a very high U.S. Consumer acceptance level. “The Electric Vehicle Sector is gaining great momentum from Wall Street to Main Street,” said Mr. Wells. “As a result of rising gasoline prices and the current economics and political uncertainly of the global economy, the consumer is becoming painfully aware of the need for gasoline-alternative vehicles.”

Green Automotive Company President Fred Luke said that the Company intends to continue working with Roush Industries on vehicle homologation of its SUV and, beginning next year, its All-Electric and CNG-powered MPV. “The compliance requirements for the introduction of new vehicles into the U.S. market involves a significant amount of time, and are rigorous, highly sophisticated and capital intensive,” said Mr. Luke. “In our view, working with an industry and regulatory recognized engineering group like Roush Industries will give the Company the support it needs to move the vehicles through the FMVSS testing and other vehicle quality and market research activities, resolve any issues arising during this process, and bring the vehicles to market on time and within budget.”