SOURCE: EV Innovations, Inc.
December 07, 2009 07:00 ET
EV Innovations, Inc. (OTCBB: EVII) Begins Its Move to a 145,000 Square Foot Manufacturing Facility in Rutherford County, North Carolina
MOORESVILLE, NC--(Marketwire - December 7, 2009) - EV Innovations, Inc. (OTCBB: EVII)
(www.evinnovations.com), 21st Century Design & Engineering of emission-free
automotive propulsion systems using the latest lithium battery technology,
is pleased to announce that they have signed a letter of intent to begin
manufacturing in Rutherford County, NC.
EV Innovations, Inc. will, according to the letter of intent, receive up to
13 million dollars in concessions and credits to include:
-- A 145,000 square foot manufacturing facility.
-- An option of a 400,000 square foot manufacturing facility for future
-- Begin working with Isothermal Community College to develop a world
class training program for the repair and manufacturing of electric
"EV Innovations, Inc. intends to hire 250 people over the next two years,"
according to Holly Armstrong. "We are very pleased to be working with
Rutherford County and developing high paying jobs as we begin the mass
production of the LiV Wise and the Wave 2 for government and consumer use."
This press release may include forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These statements are based on the
Company's current expectations as to future events. However, the
forward-looking events and circumstances discussed in this press release
might not occur, and actual results could differ.