FT. WORTH, TX--(Marketwired - Jul 23, 2013) - EVCARCO, Inc. (PINKSHEETS: EVCA) announced today an update to shareholders from Walter Speck, President and CEO.

Thank you for interest and investment in EvCarCo. As we continue our product development and sales efforts around conversion kits, and turnkey alternative energy conversion appliances for the current fleet of US gasoline vehicles, I will update you on our current operations and hope to do it frequently in the future.

The Company continues to execute its business plan with a focus on the core business. EvCarCo was originally founded in the green automotive industry as a product reseller. To date we have continued to produce revenue through the sale of all types of vehicles, particularly traditional gas consuming vehicles. We are happy to see as the economy strengthens, these operations continue to grow. Alongside this growth, we continue to refocus our operational and marketing efforts to become 100% 'green' by including all electric vehicles, alternative fuel vehicles, and the infrastructure to support operations of these products. Fortunately, we are able to rely on our current expertise and resources to accomplish these goals.

Financing our growth continues to be a challenge for us, as it seems to be for many others in the market today. The improved economy does not necessarily mean an improved fund raising climate, but we remain confident. Adding to this challenge is our lack of current financial reporting. To address this issue, we have hired an outside firm to assist in our catch up and have every confidence it will be completed soon.

I will not end this overdue letter with any clichés about hard work or the need for our products. I will simply say thank you for your support.

Best regards,

Walter Speck
President and Chief Executive Officer

For more information on EVCARCO, Inc., please view: www.EvCarCo.com. Shareholder inquiries should be directed to (972) 571-1624.

EVCARCO, Inc. is a Future Driven® Automotive Retail Group focused on deploying a coast-to-coast network of environmentally friendly franchised dealerships, vehicles, technologies and sustainable solutions. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric, alternative fuel, and pre-owned hybrid vehicles from multiple manufacturers.

Safe Harbor Statement

This press release may contain forward-looking statements which are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues as well as any payment of dividends on our common and preferred stock, statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC) including but not limited to information as contained within the Company's most current quarterly reports, annual reports, and or other filings. Furthermore, the Company disclaims any intention or obligation to update or revise any such forward-looking statements, whether as a result of new information, future events, or otherwise. We have incurred and will continue to incur significant expenses in our expansion into new related services and there is no assurance that we will generate revenues sufficient to offset those costs. Expansion may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the various geopolitical locations we will be providing services in; the impact of which cannot be predicted at this time.