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LCTI Low Carbon Technologies International Inc. Secures Interest in Electric Vehicle Company
LCTI Low Carbon Technologies International Inc. Secures Interest in Electric Vehicle Company.
About this update from Lcti Low Carbon Technologies Intl
[{"type":"text","content":"\n \n \n LCTI Low Carbon Technologies International Inc. Secures Interest in Electric Vehicle Company\n \n \nLCTI Low Carbon Technologies International Inc. Secures Interest in Electric Vehicle Company\n \n VANCOUVER, BC--(Marketwired - Oct 21, 2013) - LCTI Low Carbon Technologies International, Inc. (PINKSHEETS: LWCTF), a diversified company focused on the Clean-tech, Construction, Energy & Energy Efficiency, Environmental, Mining and Real Estate business sectors, announced today that the company has secured controlling interest in EVCARCO Inc.\n LCTI issued a non-exclusive sublicense for its licensed electric and hybrid vehicle technologies.?The technology allows for the production of lightweight fully wheel chair accessible electric and hybrid buses and has the capability to be utilized for niche utility vehicles such as garbage trucks and city utility vehicles.?As consideration for the technology rights the Company received 22 million class B preferred shares of EVCARCO Inc.?Each share represents 1,000 votes and is convertible at 100 common shares.\n About Evcarco Inc.\n About LCTI Low Carbon Technologies International Inc.\n Safe Harbor\n This news release contains forward-looking statements. These statements fall within the meaning of the Private Securities Litigation Reform Act of 1995 (the \"ACT\").?Such statements are not historical facts; including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results -- all forward-looking.?Forward-looking statements involve risks and uncertainties which may cause the Company's actual results in future periods to differ materially from those expressed.?These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company's customers, competition and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission.?You can identify forward-looking statements by terminology such as \"may,\" \"should,\" \"expects,\" \"plans,\" \"anticipates,\" \"believes,\" \"estimates,\" \"predicts,\" \"potential\" or \"continue\" or the negative of these terms or other comparable terminology. These statements are only predictions.?Other factors may cause the Company or the industry'...