American Electric Automobile Company Inc. Announces President.Business Editors SAN DIEGO--(BUSINESS WIRE)--May 1, 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 Company Inc. (Non- OTC OTC See: Over-the-counter. OTC See over-the-counter market (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 ) Monday announced that the producer of electric vehicles has appointed Richard Wilf to assume the position of President effective May 1, 2000. The addition of Wilf is the first step in expanding the company's management, marketing and production team for future growth. Wilf stated, "It is our goal to create a highly experienced team, strong in entrepreneurial spirit, that can manage the rapid expansion of the company's operations. I look forward to working with the Board of Directors and the management team of our California Electric Automobile Company production team and our China based joint Venture, America Electric Automobile (ASIA Asia (ā`zhə), the world's largest continent, 17,139,000 sq mi (44,390,000 sq km), with about 3.3 billion people, nearly three fifths of the world's total population. ) or EVASIA, which is designing an EV conversion for the China market." Wilf joins American Electric Automobile Company, Inc. with eight years of experience in financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. mortgage brokerage business. He served as President and C.E.O. of both Summit Mortgage Corp. and Atlantic Mortgage Corp. Wilf brings a strong background in finance and management. Wilf's background and experience will provide the leadership to carry the company through this rapid growth phase of operations. Wilf obtained his BA from the American University American University, at Washington, D.C.; United Methodist; founded by Bishop J. F. Hurst, chartered 1893, opened in 1914. It was at first a graduate school; an undergraduate college was opened in 1925. Programs provide for student research at many government institutions. , in Washington, D.C. Wilf further stated that "Our focus as a management team is moving American Electric towards the expanded production of our new vehicle, based on the Hyundai Accent The Hyundai Accent (sold in some regions as the Verna and until 2000 in Australia as the Excel) is a subcompact car produced by Hyundai in South Korea, India, Russia, Pakistan, Turkey, and Iran. . In the near future we will be finalizing the plans for a new and larger manufacturing facility in San Diego. The site will provide the infrastructure we are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. to meet the consumer demands for our customized EV conversions. Wilf added, "The feedback that we have received from recent shows, and marketing has instilled in us, a tremendous amount of confidence in the future of American Electric Automobile Company. This company's growth is fueled by sound engineering, proactive management, and a genuine enthusiasm from the consumer." ABOUT AMERICAN ELECTRIC AUTOMOBILE American Electric Automobile Company, Inc. designs, and manufactures electric and electric hybrid vehicles. The company is focused on developing its business on providing products that are environmentally friendly and combine state of the art technology, safety, practicability, and affordability. American Electric has built its strategy on the capitalizing on the need for zero emission and very low emission vehicles and has been able to accomplish this through the conversion of standard auto bodies with fully functioning air conditioning and heating with off-the-shelf electric motors in combination with a custom proprietary computerized electric drive controller. Models are economically priced in the $17,000 to $22,000 range. 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 economic conditions, government regulations, production and costs, which may cause the American Electric Automobile Company's actual results in the future periods to differ materially from forecasted results. |
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