NEW YORK, NY – April 6, 2011 – (Motor Sports Newswire) – Electric Moto Corporation (PINKSHEETS: EMOT) disclosed today that it had made significant progress since its January announcement regarding a merger with and/or acquisition of other electric vehicle companies. “We have broad agreement in principle already, and expect to sign letters of intent in the near future,” according to Robert Lancellotti, Chairman of the Board of Directors of Electric Moto
Mr. Lancellotti went on to announce that a new funding source had made it likely that the company would unveil two new prototype vehicles — its Generation II Dual Sport Motorcycle, and its electric Jetski — within the second quarter of 2011. “Our goal continues to be putting top of the line electric vehicles, at the most competitive prices, on the road and in the water.”
About EMOT: EMOT is a leading technology and lifestyle company dedicated to the development, production and distribution of zero emission vehicles and related products. The 72 Volt Dual Sport electric motorcycle leads the charge of EMOT’s “Green” vehicles including an electric bicycle, ATV and personal watercraft.
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