June 04, 2010 11:19 ET

EVCARCO (OTCBB: EVCA) Granted DTC Eligibility Status by the Depository Trust Company (DTC)

DALLAS, TX and NEW YORK, NY--(Marketwire - June 4, 2010) -  EVCARCO (OTCBB: EVCA), a publicly held company in alternative energy vehicles, is pleased to announce that the Company has been granted eligibility status by the Depository Trust Company (DTC).

The DTC provides banks, brokerage firms and other institutions with an efficient means of moving securities and settling trades electronically.

"Securities not DTC eligible are often not accepted for trading at many institutions or simply restricted from being traded on a daily basis due to the amount of paperwork or manpower required to place and execute trades," stated EVCARCO COO Scott ONeal. "Becoming DTC eligible resolves these issues and is a crucial step in increasing our exposure and attracting new investors to our company."

EVCARCO recently announced that is has been approved for relisting on the OTCBB.

About DTC

Depository Trust Company (DTC) is a member of the U.S. Federal Reserve System, a limited-purpose trust company under New York State banking law and a registered clearing agency with the Securities and Exchange Commission. The depository brings efficiency to the securities industry by retaining custody of some two million securities issues, effectively "dematerializing" most of them so that they exist only as electronic files rather than as countless pieces of paper. The depository also provides the services necessary for the maintenance of the securities it has in custody.

FOR MORE INFORMATION PLEASE VISIT: www.evcarco.com

About EVCARCO

EVCARCO (www.evcarco.com) 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. EVCARCO has developed a dealer network allowing growth into most US States by 2012.

Forward-Looking Statement

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.