EXPERTS
No expert
or counsel named in this prospectus as having prepared or certified any part of
this prospectus or having given an opinion upon the validity of the securities
being registered or upon other legal matters in connection with the registration
or offering of the common stock was employed on a contingency basis or had, or
is to receive, in connection with the offering, a substantial interest, directly
or indirectly, in the Company, nor was any such person connected with the
Company as a promoter, managing or principal underwriter, voting trustee,
director, officer or employee.
Our
financial statements for the period from October 14, 2008 (inception) to
December 31, 2008, included in this prospectus have been audited by Moore and
Associates, Chartered as set forth in their report included in this
prospectus.
LEGAL
REPRESENTATION
The
validity of the issuance of the common stock offered hereby will be passed upon
for us by The O’Neal Law Firm. P.C., included in the opinion letter filed as an
exhibit to the Registration Statement of which this prospectus is a
part.
OUR
BUSINESS
Overview
EVCARCO, Inc. i
s a New
Car Franchised Dealership company that was incorporated on October 14, 2008
in the State of Nevada. We are
engaged in selling environmentally
conscious automobiles, offering both
electric vehicles and pre-owned
vehicles
, along with
financing, warranties, maintenance, and mechanical services. The Company was
established to manage several automotive dealerships in multiple cities
throughout the
US which consists of the first location in Fort Worth,
TX .
The Company is also
planning to import and distribute cars from foreign manufacturers.
Available products are ZENN Motor Company Electric Coupe, Solus
International Corp., Electric City Motors Co., along with pre owned
inventory. We have no written agreement in place with Solus International
Corp.
OUR BUSINESS -
continued
Each
Executive in the company has experience in the Automobile industry
managing large dealerships in the Dallas, Fort Worth, and North Texas regions
with gross sales exceeding $100 Million US Dollars annually, per
dealership.
EVCARCO,
Inc. will derive revenues from new car sales, pre-owned car sales, parts,
service, both warranty, and customer pay repairs, finance & insurance sales,
accessory sales, and aftermarket products.
Products
and Services
Evcarco
products are a combination of green technologies from domestic and
foreign companies.
The
following is a brief list of our manufacturers and products currently offered by
Evcarco:
|
|
·
|
ZENN
MOTOR COMPANY LTD (
www.zenncars.com
)
|
|
|
·
|
RONN
Motor Company, LLC (
www.ronnmotors.com
)
|
|
|
·
|
Solus
International Corp. (
www.soluscorp.com
)
|
|
|
·
|
Electric
City Motors (
www.electriccitymotors.com
)
|
Strategic
Marketing Plan
Our
overall marketing objective is to drive rapid market conversion and penetration
of EVCarCo products, establishing us in the
marketplace with high quality electric new cars and hybrid
Pre-owned vehicles.
To
achieve this objective, the company will position each of its products against
local and national auto dealerships. We will establish branding as an
environmentally responsible automobile dealership.
There are
three key phases to the strategy in which Evcarco intends to penetrate the
marketplace:
|
(1)
|
Launch
EVCarCo franchises in three locations with ZENN electric vehicles and
pre-owned operations.
|
|
(2)
|
Establish
EVCarCo thru branding the Company as eco friendly by use
of:
|
|
|
a.
|
Billboards
and other outside advertising
|
|
|
b.
|
Internet
sales and advertising
|
|
|
c.
|
Industry
specific magazines and articles
|
OUR
BUSINESS - continued
|
|
d.
|
Involve
local media by using the Go
Green campaign
|
|
|
e.
|
Join
and sponsor environmental clubs and groups, plus participate in their
community activities.
|
|
|
f.
|
Get
involved in political issues which support the
environment
|
|
(3)
|
Set
up outside dealership displays and events to create awareness of the
product capabilities.
|
|
|
b.
|
Kiosk
in malls with information
|
|
|
c.
|
Exposure
thru daily use of vehicles
|
Sources
and Availability of Products and Supplies
We
believe there are no constraints on the sources or availability of products and
supplies related to our business.
Dependence
on One or A Few Major Customers
We do not
anticipate dependence on one or a few major customers into the foreseeable
future.
Patents,
Trademarks, Licenses, Franchise Restrictions and Contractual Obligations &
Concessions
We have
not obtained any copyrights, patents or trademarks in respect of any of our
intellectual property. We may obtain protection in the future, when we are in a
financial position to do so, but we do not foresee being in a position to do so
for least the next 12 months. We do not hold any other intellectual
property.
We
have a Memorandum of Understanding with RONN Motor Company to supply a
Hydrogen fuel system . We plan to use this system to
convert all of the pre-owned cars we sell to an environmentally friendly green
technology. Most of the initial testing we are reviewing shows that
an increase of 20% in fuel economy and a reduction in emissions of 40% is
achievable. These numbers, if proven reliable, will enable the
company to sell used cars that were not offered by the original manufacturer
with green technologies. We feel that being the first to market will
help establish the brand recognition we need.
Effect
of Existing or Probable Government Regulation
We must
register with each state that we intend to sell cars and become a licensed auto
dealer. The requirements the company has to meet to qualify are as
follows:
|
|
·
|
Signage
that is visible from across the
street
|
|
|
·
|
States
may vary slightly, but any request are easily adjusted for at those
locations.
|
OUR
BUSINESS - continued
(a) Federal
Regulations
There are
no other existing government regulations required, nor are we aware of any
regulations being contemplated that would adversely affect EVCARCO, Inc's
ability to operate.
(b) Internet
Regulations
Due to
the increasing popularity and use of the Internet, it is possible that a number
of laws and regulations may be adopted with respect to the Internet generally,
covering issues such as user privacy, pricing, and characteristics and quality
of products and services. Similarly, the growth and development of the market
for Internet commerce may prompt calls for more stringent consumer protection
laws that may impose additional burdens on those companies conducting business
over the Internet. The adoption of any such laws or regulations may
decrease the growth of commerce over the Internet, increase our cost of doing
business, or otherwise have a harmful effect on our business model.
To date,
governmental regulations have not materially restricted our use or expansion of
the Internet; however, the legal and regulatory environment that pertains to the
Internet is uncertain and may change. New laws may cover issues that
include:
|
|
·
|
Characteristics
and quality of products and
services;
|
|
|
·
|
Copyright,
trademark and patent infringement;
and
|
|
|
·
|
Other
claims based on the nature and content of Internet
materials.
|
These new
laws may impact our ability to market our products and services in accordance
with our business plan.
Research
and Development Activities and Costs
We have
not incurred any research and development costs to date. We have plans to
undertake certain research and development activities during the first year of
operation related to the development of our website. For additional details
please see "Management's Discussion and Analysis of Financial Condition and
Results of Operation - Plan of Operation" below.
Compliance
with Environmental Laws
We are
not aware of any environmental laws that have been enacted, nor are we aware of
any such laws being contemplated for the future, that address issues specific to
our business.
Employees
Other
than our officers, we have employees at the present time. Our officers and
directors are responsible for all planning, developing, sales, and operational
duties, and will continue to do so throughout the early stages of our
growth.
OUR BUSINESS -
continued
We have
no intention of hiring employees until the business has been successfully
launched and we have sufficient, reliable revenue flowing into the company from
our operations. Since our ongoing operation is not heavily labor
intensive, our officers and directors will do whatever work is required until
our business to the point of having positive cash flow. Human resource planning
will be part of an ongoing process that will include regular evaluation of
operations and revenue realization. We do not expect to hire any
employees within the first year of operation.
Mr. Long
will be primarily responsible for all start-up operations and implementation of
the company from concept to completion. This includes the development
and planning stages, as well as new franchise agreements. Mr. Long
will also manage all aspects related to company policies and day-to-day
operations, as well as oversee all sales related activity and manage website
content, and payment systems.
Mr.
Frolov will be primarily responsible for managing all costs related to
operations, related costs and ongoing monthly expenses, ensuring budgets are
maintained and adhered to.
Mr. ONeal
will be responsible for all marketing aspects, including the online purchasing
of pre-owned inventory.
Mr. Prous
will be responsible for international markets, both import and
export.
We do
plan to hire a contract sales representative and possibly Managers for 2 months
early in our plan of operations on a contract basis to assist in the maintenance
and service of the cars we have in inventory, as well as installation of any
Hydrogen on Demand systems we will sell, in addition to any aftermarket parts as
soon as we are fully funded and generating revenue, which we anticipate to be as
soon as the first twelve to twenty-four months of operation.
We do
plan to hire up to two contract labor people to assist in the maintenance and
service of the cars we have in inventory, as well as installation of any
Hydrogen on Demand systems we will sell, in addition to any aftermarket parts;
this will most likely be a necessity in June-July of 2009.
Description
of Property
Our
executive offices are currently at 7703 Sand ST, Fort Worth, TX
76118. The current lease for this location is for 2 years with 18
months remaining at a monthly rate of $2,400.00. This location will
serve as our primary office for day to day operation as well as storing,
servicing and selling our new and pre-owned inventory. We will
continue to use this space for our executive offices for the foreseeable
future. We have also budgeted to have a website built and maintained
on
yahoo.com
. We
require approximately 5 gigabytes of space, which is more than sufficient for a
professional web presence as of now; after we are funded and are generating
revenue, we will look into expanding our website. We have budgeted
$4000 annually for this cost for the first two years. We believe our current
premises are adequate for our current operations and we do anticipate that we
will require additional premises in the next 9-12 months. We do not
have any investments or interests in any real estate. Our company
does not invest in real estate mortgages, nor does it invest in securities of,
or interests in, persons primarily engaged in real estate
activities.
OUR
BUSINESS - continued
Reports
to Security Holders
We will
voluntarily make available to our stockholders an annual report, including
audited financials, on Form 10-K.
We are
not currently a reporting company, but upon effectiveness of the registration
statement of which this prospectus forms a part, we will be required to file
reports with the SEC pursuant to the Securities Exchange Act of 1934, as
amended. These reports include annual reports on Form 10-K, quarterly reports on
Form 10-Q and current reports on Form 8-K. You may obtain copies of these
reports from the SEC’s Public Reference Room at 100 F Street, NE., Washington,
DC 20549, on official business days during the hours of 10 a.m. to 3 p.m. or on
the SEC’s website, at www.sec.gov. You may obtain information on the operation
of the Public Reference Room by calling the SEC at 1-800-SEC-0330.
We will
also make these reports available on our website.
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