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EVCARCO, Inc. Completes Acquisition of The Third Stone Corporation(May 22, 2012)
FORT WORTH, TX -- (Marketwire) -- 05/22/12 -- EVCARCO, Inc. (OTCBB: EVCA) (OTCQB: EVCA), a Future Driven® Automotive Retail Group, announced today the completion of the acquisition of The Third Stone Corporation (TSC). Both sides have completed their due diligence, and respective Boards of each company approved the transaction. EVCARCO acquired 100% of the common and preferred shares of TSC in exchange for 1,664,752,000 shares of its common stock and 1,000,000 shares of Class B Convertible preferred stock.
As required by the securities regulations, separate financial statements for the TSC will be made public within seventy-five days of the transaction. EVCARCO's report for the second quarter of 2012, on Form 10-Q, will be submitted on the consolidated basis.
Mack Sanders, CEO of EVCARCO, stated, "The completion of the TSC acquisition opens a new era for EVCARCO, Inc., as a more diversified company, with stronger revenue growth prospects."
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.
For additional information on The Third Stone Corporation, please view: www.thirdstonecorp.com.
The Third Stone Corporation is a forward thinking software provider dedicated to improving and enhancing lives through innovation. The company is currently producing applications targeted at consumers who use technology to boost their daily productivity. Utilizing proprietary technology coupled with the latest available development tools and processes, The Third Stone Corporation is on the leading edge of new ideas and has the technical expertise to quickly convert those ideas to marketable applications. TSC has a diverse development portfolio of applications and services targeting sport, social media, finance, and home automation sectors.
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:
The Eversull Group, Inc.
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