FORT WORTH, TX--(Marketwire - Aug 9, 2012) - EVCARCO, Inc. (OTCQB: EVCA) announced today that Executive Vice President, Walter Speck has acquired a controlling interest in the Company. Mr. Speck has purchased 7,000,000 shares of Class B Convertible Preferred Stock from Nikolay Frolov, CFO and former Director of EVCA. Mr. Frolov recently resigned from the position of Director of the Company.
Mr. Gary Easterwood, President and CEO of EVCARCO/Third Stone Corporation has been appointed to the position of Director to fill the existing vacancy. Mr. Speck has been elected Chairman of the Board of the Company.
Mr. Speck commented, "This is an exciting development for EVCARCO and its subsidiary, The Third Stone Corporation. As Officer and Director, my objective will be to provide the leadership to put the Company on a path to success."
Mr. Easterwood stated, "The stock purchase finalizes the merger with EVCARCO and The Third Stone Corporation. Now that we have completed this step, we can begin implementing our plan to bring EVCA/The Third Stone Corporation to health and profitability. We will have exciting news to share with our stockholders in the coming weeks."
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.
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.