Green Automotive Signs Merger Agreement With Matter of Time I

NEWPORT BEACH, CA--February 10, 2012: Green Automotive Company (OTC: GACR) announced today that it has entered into a Merger Agreement and Plan of Reorganization with its wholly owned subsidiary, Matter of Time I Inc.

“The merger will close following the filing of the Matter of Time annual report on Form 10-K”

According to Mr. Fred Luke, President of Green Automotive, the merger of the two companies will result in Matter of Time I Inc. dissolving into and becoming part of Green Automotive, which will be the surviving corporation and reporting issuer. The details of the merger transaction will be available in Matter of Time I Inc.'s Form 8-K which the Company will file and which can be found next week on the Securities and Exchange Commission's (SEC) web site, SEC .

"The merger will close following the filing of the Matter of Time annual report on Form 10-K," said Mr. Luke, "and the completion of the audited financial statements for Green Automotive, following which Green Automotive expects to file its Form 8-K which will include full registration statement level disclosure of the combined business and financial statements."

Mr. Luke went on to say, "As a 'reporting issuer', in order to serve all of our current and future shareholders in a more efficient manner, Green Automotive will be switching over to email distribution of its quarterly and annual financial reports, other periodic material events as required on Form 8-K, and direct delivery of all news announcements. To effectively do this, we are asking shareholders and those following the Company to complete the form that the Company will be mailing soon, or simply go to Shareholders Info Form and complete the form on the Company's web site. This will enable us to deliver all pertinent information to our shareholders and those following the Company either electronically in real time concurrently with the filing of reports with the SEC and release of news to the news agencies."

Upon completion of the merger, shareholders of Matter of Time and Green Automotive holding certificates will need to submit those certificates to Green Automotive's new Transfer Agent, Action Stock Transfer, for re-issuance. Action Stock Transfer's mailing address and other information on the Company's Transfer Agent, can be found on its web site OTC Stock Transker http://. The information needed for the Company's electronic distribution program to reach as many of its shareholders as possible in 'real time', the Company will need the certain contact information which can be found at http://www.usaelectricauto.com/shareholder-request-form.html.

About Green Automotive Company: Green Automotive Company is a US public company involved in the import and distribution of Eco-friendly vehicles. The Company is presently planning to bring All-Electric and other Eco-friendly vehicles into the United States market. The Company is currently involved in assessing a number of All-Electric and alternate fuel vehicles including an All-Electric Intra-City and Municipal Mass Transit Bus and School Bus, for introduction to the US market. The Company maintains its Corporate Office in Newport Beach, California and its Dealership Services Office in Lewisville, Texas. Green Automotive Company shares are traded on the OTC Market Tier--OTC Pink Current under the symbol "GACR". For more information visit USA Electric Auto or write to info@usaelectricauto.com.