American Electric Automobile Company Announces Delivery of New Vehicle.SAN DIEGO--(BUSINESS WIRE)--June 3, 1999-- 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. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AEAM AEAM Asociación de Estudios de Areas Marginales (Association of Studies of Marginal Areas, Guatemala) ) announced today that the company has delivered a new, electrically-powered Dodge Caravan Not to be confused with the Nissan Caravan. The Dodge Caravan and Dodge Grand Caravan are minivans manufactured by the Chrysler Group (DaimlerChrysler from 1998). to a customer in Vancouver, B.C., Canada. The seven-seat van is capable of freeway speeds in excess of 70 miles an hour when fully loaded. The van is designed with an energy controller incorporating a microprocessor that allows for extremely efficient use of electrical energy. American Electric Automobile Co. Inc. has been a developer and converter of electric automobiles since 1988. The cCompany has operations in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. and Guanzhou, China. One of the company's models, an SUV, was manufactured in China and is currently being tested at the China Electric Automobile Test Facility in Shantou, China. Once the tests are completed satisfactorily, the company plans to import and market the vehicle in the United States. American Electric Automobile Co. Inc. is quoted on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. as "AEAM." For further information, please contact Rick Alexander 760/773-0278. CAUTIONARY STATEMENT: This news release may include certain "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act, as amended. All statements, other than statements of historical fact, included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. All forward-looking statements in this release are expressly qualified by this notice. |
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