Green Automotive Is On The Move

DALLAS--Green Automotive Company Corporation (OTC:GACR) completes the relocation of its corporate office from Dallas, Texas to Newport Beach, California, and initiates plans for other facilities.

“almost all of our planned re-structuring is now done or about to be competed in within the next 30 days.”

Following the Company’s announcement in February that the Company intended to relocate its Headquarters to Southern California and take other action to move its regional office in Dallas, Texas, establish a distribution center near its new Corporate Headquarters, and open representative offices in Shanghai and the Middle East, today Fred Luke, President of Green Automotive, announced that “almost all of our planned re-structuring is now done or about to be competed in within the next 30 days.”

“Our new Corporate Headquarters has been relocated to 23 Corporate Plaza, Suite 150, Newport Beach, California 92660,” said Mr. Luke, “and our new Southwest Regional Office has been moved to 720 Valley Ridge, Suite 5, Lewisville, Texas 75057.

“However,” said Mr. Luke, “while our proposal to acquire the operations of StarPoint USA Inc. remains open we are holding off on picking the exact location of our proposed Distribution Center, but it will likely be in the Long Beach or southern Los Angeles area. We are currently working closely with StarPoint and utilizing, as necessary, its existing warehouse and offices, located in the south Los Angeles area, a short distance from the Port of Long Beach.

“I am hopeful that the StarPoint Board approves our proposal,” said Mr. Luke, “as it would serve to speed-up the Company’s development of its national vehicle distribution operations by preventing us from having to build from scratch a vehicle distribution, warranty administration, parts tracking and retail dealership information system, as StarPoint already has a system in use with its existing 300 plus retail dealership network: an operational structure which has operated for many years in the U.S. market importing, distributing and supporting over 185,000 vehicles manufactured in Asia.”

According to Mr. Luke, “Long Beach will likely be the port of entry for the Company’s vehicles and parts coming in from China, making the Los Angeles area an ideal location for national distribution operations. It is also important to note that California represents the largest and most promising market for Electric Vehicles. So it becomes logistically convenient for our management team and most of our Directors to have our Corporate Headquarters in Orange County, with distribution facilities near the Port of Long Beach, as it creates a more efficient operational structure.”

The Company said that the relocation of its Dallas office to Lewisville, Texas gives it an opportunity to convert limited executive space to a larger facility that will serve as a Regional Operations Office, focused on retail dealership sales, parts and service for the Southwest Region. The Company said that is also in the process of locating office space in Shanghai, China for the Company’s China-based personnel employed to liaise with manufacturing operations to ensure high vehicle production quality and to oversee the export of vehicles to the U.S., and is considering opening a representative office in Qatar to service Middle-Eastern interests.

About Green Automotive Company: Green Automotive Company Corporation is a U.S. public company involved in the import and distribution of Eco-friendly vehicles in the U.S. The Company has an exclusive importer/distributor agreement to market the All-Electric SUV and MPV vehicles throughout the United States.