eCarfly Announces - FORD MOTOR COMPANY to Review AFC's Co-Fuelling Engine Technology for Retro Fitting on Diesel Engine Production - Estimated Revenues to Exceed 462 Million Dollars
6:00a ET March 6, 2007 (Business Wire)
eCarfly, Inc. (PINK SHEETS: ECFL) announced today that the Alternative Fuels Company (AFC) in correlation with eCarfly is scheduling to showcase the Co-Fuelling Engine Technology to the FORD MOTOR COMPANY. The AFC's Co-Fuelling Engine Technology will provide an alternative means of reducing emissions in their diesel product line. This technology provides a highly cost effective means to reducing emissions in the FORD diesel engine line-up, by uniting FORD MOTOR COMPANY'S already existing efforts on pollution with the world renowned technology offered by the AFC. Revenue projections are described below.
According to a Ford Motor Company press release, "Ford will usher in America's clean diesel era when it introduces the all-new 2008 F-Series Super Duty pickup early next year. The truck's 6.4-liter Power Stroke(R) engine will be Ford's cleanest, quietest pickup diesel ever - with particulate emissions equivalent to a gasoline engine.
"Diesel engines have become the powertrain of choice for heavy duty pickup truck buyers in the U.S. because they provide more torque for maximum towing and hauling. The diesel engine's torque advantage comes, in part, because the fuel is ignited with compression - the piston's compression stroke is so intense that the fuel combusts spontaneously. The process is far more efficient than igniting fuel with spark plugs, as in gasoline engines.
"Since 2001, annual diesel truck registrations have increased from about 400,000 vehicles in 2001 to more than 500,000 today, and Ford has long been the industry leader. Ford has sold 1.3 million diesel-powered F-Series pickups in the U.S. since 2001. On an annual basis, Ford sells more diesel-powered pickup trucks than Chevrolet and Dodge combined. Nearly three-quarters of all Ford Super Duty trucks are sold with the Power Stroke diesel." To see the entire article, go to http://media.ford.com/newsroom/release_display.cfm?release=24088.
"It is always an honor to affiliate your organization with automotive tycoons like the FORD MOTOR COMPANY. As we venture further into the process of this merger, we have become more aware of the endless revenue possibilities that would be inherited after the merger is completed. As a result of eCarfly acquiring the AFC, which provides a vehicle to becoming a publicly traded entity, the eCarfly organization will innately benefit from both existing and future revenues produced by the many possible governmental and automotive-industry contracts," stated Desmond Milligan, CEO of eCarfly, Inc.
Matters discussed in this press release are "forward-looking statements." Statements describing company objectives are forward looking. Company's plans are also forward-looking statements and are subject to certain risks and uncertainties, including the financial performance of the company and market evaluations of its stock, which could cause actual results to differ materially from those anticipated.
ECFL Guarantees That CEO's Internal Stock Will Not Be Sold - eCarfly CEO to Transfer All Stock to Alternative Fuels Company Upon Merger Completion 11:53a ET March 5, 2007 (Business Wire)
eCarfly, Inc. (Pink Sheets:ECFL) announced today that Desmond Milligan, CEO of eCarfly, Inc., has publicly declared that all internal stock has and will continue to be withheld from any sales. In addition, Mr. Milligan announced that upon the completion of the merger with the Alternative Fuels Company (AFC), all internal stock will be transferred to the principals of the merging company and will be restricted for a two-year period thereafter.
In attempt to maintain the company's continually progressing stock value, Mr. Milligan has chosen to make public that he has withheld all his internal stock that was initially issued at the time that eCarfly became a publicly traded company. Upon the completion of the merger with the AFC, Mr. Milligan will complete necessary requirements with the SEC to properly transfer all internal stock into the ownership of the AFC's officers.
Due to Rule 144 of the SEC regulations, once the described stock has been transferred, principals of the AFC will not legally be permitted to sell any said stock into the open market for a period of two years (24 months). The two-year holding period will begin once the merger has been completed and all necessary documents have been signed. The Stock Purchase Agreement was submitted to the AFC on March 1, 2007 and remains on schedule to be reviewed and returned for any revisions by Friday, March 9th, 2007.
"Our primary objective at eCarfly is to take every measure possible to increase the value of our company and always remain creditable to our shareholders. I am pleased to announce that every share allocated since the inception of eCarfly have been withheld from any sales in the open market. I will continue to withhold any sales of internal stock to ensure the longevity of this successful increase in our stock value. As stated above, all shares will be transferred to the AFC once the merger has been successfully completed. In doing so, shareholders can rest assured that market flooding will not be a concern in our ongoing efforts to maintain a healthy increase in the value of our stock. We believe that our shareholders will find it very pleasing that without a single internal share sold, ECFL stock has traded over 200 million shares and risen over 700% as a direct result of merger discussions with the AFC. We will continue to release a balanced amount of press to update all our shareholders on the merger with the AFC," stated Desmond Milligan, CEO of eCarfly, Inc.
SOURCE: eCarfly, Inc.
eCarfly Announces Letter of Intent to Merge with the Alternative Fuels Company Has Been Signed - Opportunities with Several Fortune 500 Companies Are Scheduled to Be Released 6:00a ET March 5, 2007 (Business Wire)
eCarfly, Inc. (PINK SHEETS: ECFL) announced today that they have received the signed Letter of Intent to Merge (LOI) from the Alternative Fuels Company (AFC). eCarfly is additionally pleased to announce that contractual possibilities with some of America's most recognized Fortune 500 companies are scheduled to be released publicly in the near future. The stock purchase agreement received by the AFC is currently under review, and will be brought to final negotiations now that the LOI has been signed.
eCarfly and the AFC intend to merge as one unified forefront within the automotive industry to bring Co-Fueling Engine Technology to the world as a cost effective means to decrease America's fight on public pollution and Global Warming. United efforts between both companies will render a powerful impact with some of America's most prominent automobile manufactures, as well as government agencies. These efforts have already been recognized by science administrations across the nation, and will be integrated on an international scale once the merger has taken place.
Clean air efforts are being implemented by the government to increase the regulation on pollution requirements for every type of transportation organization across the board. Mandated policies will catastrophically elevate the demand for an alternative means to provide equivalent engine performance while maintaining satisfactory pollution levels. The AFC is considered to hold the only deliverable method to a cost effective solution within this highly observed crisis, further elevating the ability to corner the market on the fight to end pollution.
Additional press releases will be made to update shareholders on the following merger details:
-- Release of company name and officials
-- Release of showcases and contracts with Fortune 500 companies
-- Release of estimated revenues
-- Release of estimated direct gains to eCarfly
-- Release of all patents and technologies
-- Description of existing partners and ventures
-- Promotion & Marketing tactics
-- Major contracts by specific institutions and product line
-- Recent corporate transactions
"We have exhausted many efforts to find the most suitable merger opportunity to take this organization to the next level of business. Through the receipt of a signed LOI, we feel that our negotiating position is now secure and are confident that this merger between the Alternative Fuels Company and eCarfly will be consummated in the very near future. eCarfly stock currently holds an average daily trading volume of over 26 million shares and has increased over 700% in only 6 trading days. With upcoming press, we foresee this positive market reflection as a beginning to many successful trading days in the future. We have released substantially detailed press in the past week to keep our shareholders abreast of the merger situation, and our intent is to maintain the current level of press to ensure that there is steady growth in the value of our stock and heightened creditability within the public marketplace. We foresee no complications in the overall merger process with the Alternative Fuels Company and are eager to reward the long term support of our shareholders," stated Desmond Milligan, CEO of eCarfly, Inc.
SOURCE: eCarfly, Inc.
eCarfly, Inc. Desmond Milligan, 214-208-ECFL (3235) ecflinvestor*yahoo.com
eCarfly Announces: Co-Fuelling Technology to Be Showcased to GENERAL MOTORS - Revenue Possibilities Are Tremendous 6:00a ET March 2, 2007 (Business Wire)
eCarfly, Inc. (PINK SHEETS: ECFL) is pleased to announce that the Alternative Fuels Company (AFC), will be showcasing the Co-Fueling Engine Technology to GENERAL MOTORS. The scheduled signing of the Letter of Intent to merge (LOI) remains on course for this afternoon's board meeting. Verbal confirmations have been given to eCarFly's CEO, Desmond Milligan, that the LOI will se signed according to plan without any need for provisions or extensions.
GENERAL MOTORS would be utilizing the Co-Fuelling Engine Technology to reduce emissions exhausted by their vehicles. The AFC's technology compromises the adaptation and modification of non-invasive components that make for simple and cost-effective installation to major manufactures like the General Motors Company. Through this technology, manufacturers like GENERAL MOTORS will be making a significant statement within their organization to join the attempt on reducing public pollution. A technology of this caliper will not only decrease the emissions of manufactured vehicles, but increase the creditability of each manufacturing company as well as add an additional product line to their offered fleets.
The current cost per acquiring the technology for one said unit is set to be around $4,000. With the dramatic number of vehicles produced by companies like GENERAL MOTORS, estimated revenues for these projects alone would be in the multi-hundred-million dollar range. Formal estimated revenues for this type of project and that of other internal showcases will be divulged after the LOI has been signed.
As stated in previous press releases, the disclosure of organization names will continue to be withheld until securing documents have been signed that allows eCarFly to publicly voice their merging partners. eCarFly has no intent to withhold any information regarding legal names of the merging company once specific documentation have been completed.
"We are exceptionally pleased with the receipt of this knowledge regarding General Motors. We feel that eCarFly remains on a correct path to recovery through the intended merger with the Alternative Fuels Company. With the AFC's tremendous revenue possibilities, this merger would transform eCarFly into an immediate revenue generating state and rapidly advance us to a very prominent position within the automobile industry. Although exact revenues have yet to be revealed, our research has shown an enormous amount of contractual ability by the AFC. As stated in prior press releases, the market activity for eCarFly has been positively reflected by the discussions of this merger. We feel that those figures will increase significantly once the release of a signed Letter of Intent takes place. The AFC holds a highly accredited name within its industry and we anticipate drastic market responses once that has been divulged. We will continue to release press to update our shareholders on the overall progress in this merger," stated Desmond Milligan, CEO of eCarFly, Inc.
eCarfly Announces Stock Purchase Agreement Submitted to Alternative Fuels Company 2:23p ET March 1, 2007 (Business Wire)
eCarfly, Inc. (Pink Sheets: ECFL) announced today that the Stock Purchase Agreement (SPA) between eCarfly and the Alternative Fuels Company (AFC) has been submitted and is currently under review. After successful negotiations with the AFC, eCarfly has revised the original SPA and intends to have the agreement signed and returned by March 9th, 2007.
Additional negotiations are currently being discussed to complete the intended merger between both companies. Documentation involving legal and financial futures has been brought to both parties to begin final phases in the overall research and development process.
The AFC has also released information of numerous successful showcases with the world's largest transportation carriers and governmental agencies. These new findings will result in a drastic increase in estimated revenues and profits to both organizations.
"We have made remarkable progress in this process to merge with the Alternative Fuels Company. Our extensive research continues to reveal additional attributes that will only compliment both organizations as we move forward. The AFC is considered to be one of the world's most reputable organizations within its industry and has been performing legitimately successful business since its inception. eCarfly's stock has risen 10% over yesterdays close. If successful, today's positive close would result in over 5 successful trading days. We feel that the pace and attitude of the entire merger, as well as the market response, is moving according to plan and will continue to render a positive outcome for both companies and our shareholders. Please continue to observe our updated press releases as we intend to update our shareholders of pivotal moves that are made in the merger process," stated Desmond Milligan, CEO of eCarfly, Inc.
SOURCE: eCarfly, Inc.
eCarfly, Inc. Desmond Milligan, 214-208-ECFL (3235) ecflinvestor*yahoo.com