Garini Group Places Order for 2,255 Electric Powered Scooter Units
RIO DE JANEIRO, Brazil--Oct. 1, 20054, 2005--Bellevue-Washington based Evader, Inc. (www.evader.us) (Pink Sheets:EVDR), the maker of electric high-performance vehicles powered by their leading-edge EPIC technology is pleased to announce that the Garini Group of Brazil has placed their initial order for 2,255 units for shipment to the Evader/Garini assembly plant in Manaus, Brazil.The bikes, which represent revenues of BRL 12,269,500 (Brazilian Reais) (US$5,112,000) and which will be shipped in CKD (Complete Knockdown) form, are expected to start to ship to Manaus before the end of October or early November. The scooters will be assembled within the free zone in Manaus to take advantage of huge government incentives that significantly reduce their import duty.
"This is very exciting news for us and our shareholders," said Julio de Almeida, Evader's President of the Latin American Region. "This is only the first of many major orders now being scheduled for Brazil. Evader is proud to be one of Garini's leading suppliers."
"We are ready to go! Our assembly plant will be up and running by November 30, 2005," said Alceu Aragao, the President and CEO of the Garini Group of companies. "Garini offers the highest quality and best value to the Brazilian consumer. Our partnership with Evader will allow us to rely on high quality products for the years to come."
This first order of bikes is intended for distribution in the Brazilian market only and is secured by a letter of credit from Garini. The Garini Group is expecting orders to begin materializing for the rest of South America within the next 90-120 days.
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, with European operations based in Zug, Switzerland and their Latin American division operating out of Miami, Florida and Sao Paulo, Brazil.