Company Plans to Become Fully-Reporting
NEWPORT BEACH, Calif., Aug 22, 2011 (BUSINESS WIRE) -- Green Automotive Company Corporation (OTC:GACR:PK) announced today that it recently retained the law firm of Guzov Ofsink LLP as Securities Counsel and the accounting firm of Anton & Chia, LLP as its independent auditor as the Company moves forward to register its shares under the Securities Exchange Act of 1934 and become fully reporting with the Securities and Exchange Commission.
"We have planned to become fully reporting for some time now as part of our commitment to provide greater transparency to our shareholders as well as reach new investors," said Fred Luke, Green Automotive President. "Work has already commenced and I anticipate the entire process, including our required audit, to take approximately 60 to 90 days. Once we become reporting, we anticipate that our shares will be authorized for quotation on the OTC Bulletin Board."
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.