October 13, 2010
Green Auto Announces Special Shareholders Meeting
Green Automotive Company Corporation (PINKSHEETS: GACR, News) announced today that the Company will have a Special Shareholders Meeting on Monday, November 1st, 2010 at the Addison Conference Center, Addison, TX for shareholders of record as of September 30th, 2010.
The Company will have several items listed in the Proxy for shareholder approval; one of these being the election of the Board of Directors. The proposed slate includes Steven Fly, Steve Wells, Daniel J. Elliott, Ben Rainwater, and Thad H. Balkman.
Steven E. Fly -- Mr. Fly is the CEO of Green Auto. In the automobile business for over 25 years, Fly started selling cars and worked his way up to General Sales Manager for one of the top five Chevrolet dealerships in the country producing an unprecedented net profit of $8 million per year. Steve Fly took a position in Big D Kia in 2003 and as managing partner brought the dealership to profitability selling to a conglomerate in 2006. Mr. Fly joined Fiesta Toyota in 2007 as General Manager and immediately led them to profitability after 5 straight years of losing money. The dealership also went from #20 in its group of 20 Toyota dealers to the #1 position within one year while posting a net profit of $1.5 million for that year.