eCarfly Updates Shareholders on Acquisition of eAutoDrop
DALLAS--Sept. 6, 2006--eCarfly, Inc. (Pink Sheets:ECFL) today announced the acquisition of eAutoDrop is well underway and this week should yield exciting results as both companies directors meet to finalize details. eAutoDrop Inc. has signed a contractual agreement with Allied Solutions (www.alliedsolutions.net) and Mercury Insurance (www.mercuryinsurance.com) to offer and sell retail consumers warranty products for their purchase of vehicles in the online marketplace, exclusively through their state-of-the-art, live auction listing software. "The acquisition of eAutoDrop is going to bring huge opportunities to eCarfly and the company's shareholders, as demonstrated via the recent agreement with Allied Solutions," stated Desmond Milligan, eCarfly CEO.About Allied Solutions and Mercury General Insurance:
Allied Solutions is one of the largest providers of insurance, lending, and marketing products to financial institutions. It is our goal to work with our clients every step of the way, utilizing technology-based solutions that are customized to fit their needs. In addition to our Indiana-based headquarters location, we maintain a nationwide distribution system and more than 20 regional offices and service centers throughout the country. Mercury General is the leading independent broker and agency writer of automobile insurance in California and has been one of the fastest growing automobile insurers in the nation. It is ranked as the third largest private passenger automobile insurer in California, with total assets over $4 billion. Mercury also writes automobile insurance in Florida, Georgia, Texas, Illinois, Michigan, Nevada, Oklahoma, Pennsylvania, New York, Virginia, New Jersey and Arizona. In addition to automobile insurance, Mercury writes other lines of insurance in various states, including mechanical breakdown and homeowners insurance.
About eCarfly, Inc.
eCarfly provides individuals and automotive dealers a hassle-free and cost-effective alternative to sell their vehicles while reducing to zero traditional costs associated with the vehicle sales process! With the knowledge, experience, and understanding of the automotive industry, eCarfly knows exactly what works and what doesn't. Year-end projections are set at approximately $3.4M. eCarfly is currently focusing on online vehicle auctions, industrial equipment, aircraft, personal watercraft auctions, and partnerships with companies and private individuals interested in selling their personal vehicles.
Disclaimer
Matters discussed in this press release are "forward-looking statements." Statements describing company objectives are forward-looking. Company's plans are also forward-looking statements and are subject to certain risks and uncertainties, including the financial performance of the company and market evaluations of its stock, which could cause actual results to differ materially from those anticipated.