NEWPORT BEACH, Calif., Aug 10, 2011 (BUSINESS WIRE) -- Green Automotive Company Corporation, announced today that it has retained CantorCO2e L.P. to market the Zero Emission Vehicle ("ZEV") credits and carbon credits resulting from the sale of Green Automotive vehicles in North America.
Following the Company's announcement last June that it was developing a carbon credit forward sale program which could result in an infusion of up to $60,000,000 or more into the Company this year, today the Company announced that it has retained CantorCO2e L.P as its sole and exclusive agent to market the Company's ZEV and Carbon Credits to CantorCO2e's clients who are prospective buyers.
"CantorCO2e has represented to us that they are a leading global provider of financial services to the world's environmental and green energy markets since 1992 -- longer than any other emissions broker," said Green Automotive President Fred Luke, "and have been offering transaction services, access to finance, advice and technology, and assisting its customers to participate in over 100 air credit and waste water markets to clients across the world, brokering trades with values in excess of a billion dollars. With this resume, CantorCO2e is well positioned to assist us in quickly penetrating the ZEV and Carbon Credit markets and monetizing the Company's credits."
About Green Automotive Company: Green Automotive Company Corporation is a U.S. public company involved in the import and distribution of Eco-friendly vehicles. The Company is presently planning to bring to the United States market late this year an All-Electric SUV and, in 2012, an all-electric MPV. The Company maintains its Corporate Office in Newport Beach, California and its Dealership Services Office in Lewisville, Texas. Green Automotive Company shares are traded on the OTC Market Tier--OTC Pink Current under the symbol "GACR." For more information visit www.usaelectricauto.com or write to info@usaelectricauto.com.