American Electric Automobile Co., Inc. Fails to Finalize Agreement With Newly Appointed President.Business Editors SAN DIEGO--(BUSINESS WIRE)--May 10, 2000 American Electric Automobile electric automobile Battery-powered motor vehicle. Originating in the 1880s, electric cars were used for private passenger, truck, and bus transportation in cities, where their low speeds and limited battery range were not drawbacks, and the cars became popular for their Co. Inc. (Non-OTC:AEAC AEAC Álcool Etílico Anidro Combustível (Anhydrous Ethyl Alcohol Fuel; Brazil) AEAC Adult Entertainment Association of Canada AEAC Albers Equal-Area Conic AEAC Asian Executive Advancement Center ) Wednesday announced that it has failed to come to a definitive employment agreement with its recently appointed President Richard Wilf. Wilf, who was appointed by the board of directors of American Electric Automobile on April 28, 2000, accepted the appointment subject to the definitive terms of an employment agreement and bonus package. The company and Wilf were not able to agree on the final terms of the agreement. The board and Wilf have determined it to be in the best interest of both parties to terminate negotiations and allow Wilf to continue to pursue his other business interests in environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] companies and opportunities that are focused on benefiting the health and welfare of people. While AEAC regrets the inabilities of the parties to come to a final agreement, AEAC is proud to have had Wilf's interest in the company's visions and desires to produce clean air vehicles for the general population AEAC will be contacting the other candidates that it had for the position as president and hopes to fill the position at the earliest possible time. About American Electric Automobile American Electric Automobile Co. Inc. and manufactures electric and electric hybrid vehicles This is a list of hybrid vehicles in chronological order of production: Early designs
American Electric's business strategy is focused on capitalizing on the need for zero emission Zero emission refers to an engine, motor, or other energy source, that emits no waste products that pollutes the environment or disrupts the climate. Zero emission engines and very low emission vehicles California's Low Emission Vehicle (LEV) program defines automotive emission standards which are stricter than the United States' national "Tier" regulations. There have been two major phases. . Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for Forward-Looking Statements: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, including, federal and state government regulations, costs, production, and sales which may cause the company's actual results in the future periods to differ materially from forecasted results. |
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