Company also plans to expand Board, and its presence in Shanghai and in the Middle East
DALLAS, Jun 07, 2011 (BUSINESS WIRE) -- Green Automotive Company Corporation (OTC:GACR:PK) completes the relocation of its corporate office from Dallas, Texas to Newport Beach, California, and initiates plans for other facilities. Following the Company's announcement in February that the Company intended to relocate its Headquarters to Southern California and take other action to move its regional office in Dallas, Texas, establish a distribution center near its new Corporate Headquarters, and open representative offices in Shanghai and the Middle East, today Fred Luke, President of Green Automotive, announced that "almost all of our planned re-structuring is now done or about to be competed in within the next 30 days."
"Our new Corporate Headquarters has been relocated to 23 Corporate Plaza, Suite 150, Newport Beach, California 92660," said Mr. Luke, "and our new Southwest Regional Office has been moved to 720 Valley Ridge, Suite 5, Lewisville, Texas 75057.
"However," said Mr. Luke, "while our proposal to acquire the operations of StarPoint USA Inc. remains open we are holding off on picking the exact location of our proposed Distribution Center, but it will likely be in the Long Beach or southern Los Angeles area. We are currently working closely with StarPoint and utilizing, as necessary, its existing warehouse and offices, located in the south Los Angeles area, a short distance from the Port of Long Beach.
"I am hopeful that the StarPoint Board approves our proposal," said Mr. Luke, "as it would serve to speed-up the Company's development of its national vehicle distribution operations by preventing us from having to build from scratch a vehicle distribution, warranty administration, parts tracking and retail dealership information system, as StarPoint already has a system in use with its existing 300 plus retail dealership network: an operational structure which has operated for many years in the U.S. market importing, distributing and supporting over 185,000 vehicles manufactured in Asia."
According to Mr. Luke, "Long Beach will likely be the port of entry for the Company's vehicles and parts coming in from China, making the Los Angeles area an ideal location for national distribution operations. It is also important to note that California represents the largest and most promising market for Electric Vehicles. So it becomes logistically convenient for our management team and most of our Directors to have our Corporate Headquarters in Orange County, with distribution facilities near the Port of Long Beach, as it creates a more efficient operational structure."