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| | Business Summary: EVCARCO, Inc. is a development stage company and engages in the sale of environmentally conscious automobiles in the United States. It offers electric vehicles and pre-owned vehicles converted to various green technologies; and financing, warranties, maintenance, and mechanical services. | | | Address
7703 Sand Street
Fort Worth
, TX 76118
Phone: 817-595-0710
Website: http://www.evcarco.com
| | Auditor |
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Seale and Beers, CPA's
| | Transfer Agent |
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Olde Monmouth Stock Transfer Co., Inc.
| | ShareHolders: 308 | Founded: 2008
Domicile: Nevada | | | |
| | EVCARCO, Inc., in the development stage as of March 31, 2010, engages in the sale of environmentally conscious automobiles in the United States. It offers electric vehicles and pre-owned vehicles converted to various green technologies, as well as financing, warranties, maintenance, and mechanical services.
The company was established to manage several automotive dealerships in multiple cities throughout the United States. It has one location in Fort Worth, Texas, with a second location expected to open in Dallas, Texas in 2010.
EVCARCO sells, or intends to sell, products from several manufacturers, including Wheego Electric Cars, Inc., The Tazzari Group (which manufactures an electric urban sports vehicle called ZERO), RONN Motor Company and others.
EVCARCO intends to continue to work with existing manufacturers and new manufacturers. It plans to
begin marketing the EVCARCO franchise concept and licensing of the company's trademarks, with the short-term objective of securing several territories and establishing five to ten dealer development candidates during 2010. As of May 2010, several candidates in various states had already been identified for dealer development.
The company was incorporated in 2008 and is based in Fort Worth, Texas. | | History: INCORPORATED in Nevada Oct. 14, 2008. | | | | | | | | | |
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Management
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| Officers | Position |
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| Dale Long | President & Chief Executive Officer | | Nikolay Frolov | Treasurer, Chief Financial Officer & Chief Accounting Officer | | Scott O'Neal | Secretary & Chief Operating Officer | | Peter Hirsch | General Counsel | | Edouard Prous | Chief Technology Officer | | Peter Hirsch | Investor Relations Contact |
| | Directors |
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| Nikolay Frolov | | Dale Long | | Scott O'Neal | | Edouard Prous | | | |
| | | | Capitalization as of 03/31/2010: | | | | | Authorized Shares | Outstanding Shares |
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| Series A Preferred Convertible $0.001 par | 15,000,000 | None | | Common $0.001 par | 180,000,000 | 64,129,500 |
| | | | LONG TERM DEBT: None. | | | | Common $0.001 par | | | |
Stockholders:
04/26/2010,
308.
| | PRINCIPAL STOCKHOLDERS: December 31, 2009, Dale Long, Scott O'Neal and Edouard Prous each owned 24.5% of the Common. | | | |
Transfer Agent: Olde Monmouth Stock Transfer Co., Inc.
Atlantic Highlands
, NJ | | | | OTC Bulletin Board( Primary): EVCA | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2010 | 0.0000 | 0.0000 | | OTC Bulletin Board | 2009 | 0.5100 | 0.0800 |
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| | | | DIVIDENDS: Common $0.001 par: No cash.
Common split 3-for-1, July 10, 2009. | | | | | |
| | Annual Report |
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| | | Income Statement | |
| 2009 | 2008 |
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| Revenues | 888 | 47 | | Cost of goods sold | 895 | 44 | | Gross profit | (7) | 3 | | Gen. & admin. exps. | 850 | 78 | | Sales & Marketing exp. | 97 | 13 | | Inventory adjustment | 83 | - | | Depr. & amort. | 2 | 1 | | Interest exp. | 30 | 2 | | Interest income | 1 | 1 | | Net income | (1,069) | (91) | | Share earns. basic | (0.02) | Nil | | Share earns. diluted | (0.02) | Nil |
| | | | Balance Sheet | |
| 2009 | 2008 |
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| Assets: |
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| | Current assets |
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| | Cash | 49 | 22 | | Inventories | 11 | 102 | | Other receivables | 4 | - | | Prepaid expenses | 137 | - | | Total current assets | 200 | 125 | | Net property | 6 | 3 | | Other assets | 3 | 4 | | Total assets | 209 | 132 | | Liabilities: |
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| | Current liabilities |
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| | Accounts Payable | 19 | - | | Accrued expenses | 31 | 4 | | Notes payable | 89 | - | | Loans pay. | 272 | 45 | | Other payables | 7 | 2 | | Tot. curr. liabs. | 416 | 51 | | Com. stk. | 61 | 53 | | Paid-in cap. | 892 | 120 | | Retained earns. | (1,160) | (91) | | Total Stockholders' Equity | (207) | 81 | | Total liabs.and equity | 209 | 132 |
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| | Interim Report
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| | | Data Not Available | | | | | | | | | |
| | Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
| | Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | 150,000 | | 2009 |
1 | 70,000 | | 2009 |
2 | 280,000 | | 2009 |
3 | 380,000 | | 2009 |
4 | 180,000 | | 2009 |
Full Year
| 890,000 | | 2008 |
Full Year
| 190,000 |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | (560,000) | | 2009 |
4 | (220,000) | | 2009 |
Full Year
| (1,070,000) | | 2008 |
Full Year
| (260,000) |
| | | | | | Quarterly EPS, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | (.01) | | 2009 |
1 | Nil | | 2009 |
2 | Nil | | 2009 |
3 | (.01) | | 2009 |
4 | Nil | | 2009 |
Full Year
| (.02) | | 2008 |
Full Year
| (.94) |
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