Garini Group in Brazil Boosts Order with Evader
SAO PAULO, Brazil--Aug. 1, 20058, 2005--Bellevue-Washington based Evader, Inc. (www.evader.us.) (Pink Sheets:EVDR), the maker of electric high-performance vehicles powered by their leading-edge proprietary technology is proud to announce today that the Garini Group has expanded its initial order commitment of 110,000 units by more than 185,000 units over the next five years. This will bring the total order in Brazil to almost 300,000 units over the course of the contract."We intend to produce all of the bikes through our assembly plant in Manaus," said Evader Director of Distribution, Rob Stoneham. "The parts are scheduled to leave our facility in China in mid September with the first shipments in late October or early November."
"Our project received swift approval from the Brazilian government," continued Stoneham. "Once we commence delivery of the units we expect no delays. In addition, we anticipate orders and deliveries throughout the rest of the world to catch up to those in Brazil very soon."
This order represents revenues that will post for 2005 and make Evader profitable by the second quarter of 2006.
About Brazil
With a population of 186,000,000 and an average age of 27, Brazil is ideal for the motorscooter market, particularly electric scooters. It has the most powerful economy in South America, the 10th largest economy in the world and has a very up-tempo lifestyle. The under 125cc motorcycle market in Brazil currently stands at 1,300,000 units per year with scooters the dominant sales leader in this category.
About the Garini Motorcycle Group
Based in Rio de Janeiro, Brazil with offices in Miami, Florida and Hong Kong, the newly formed, privately owned Garini Group is rapidly expanding its distribution network in South America, which now includes more than 400 dealers. The financially strong Group intends to continue expansion and hopes to be one of the largest motorcycle manufacturers and distributors in Brazil within the next three years.
Garini Motorcycle Group
Rua Ricardo Machado 436
Sao Cristovao, Rio de Janeiro, Brazil
About Evader
Evader (www.evader.us) is a developer and manufacturer of advanced technology electric vehicles. Evader's all new, 4th generation proprietary technology was developed in the United States and is incorporated into all Evader products. Evader's corporate headquarters are in Bellevue, Washington, European operations are based in Stuttgart, Germany and their Latin American division operates out of Coral Springs, FL.
For more information visit our website at www.evader.us.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements other than statements of fact, included in this release, are forward-looking statements that involve risks and uncertainties.