Phoenix Motorcars Appoints New CEO

ONTARIO, Calif.--Phoenix Motorcars announced today that it has appointed Daniel J. Elliott as its new Chief Executive Officer, effective immediately. Mr. Elliott, previously with Boshart Engineering and Roush Industries, has a distinguished career in the automobile industry and has specific experience in building electric vehicles.

With over 15 years of industry experience, Elliott has been involved with several alternative fuels projects including methanol, hydrogen ICE, hybrid and battery electric vehicle projects both in project management and business development. Elliott has also worked in brake system, chassis and NVH engineering both in a project management and business development roll. Past projects include projects for the Ford Motor Company, DaimlerChrysler and American Honda as well as tier 1 integrators, system suppliers and government agencies.

“Dan brings a wealth of automotive operations experience to Phoenix Motorcars that will be valuable as we continue to build America’s premier zero emission vehicle company. Phoenix Motorcars is receiving recognition for building zero emission, all-electric, freeway capable vehicles including Sport Utility Trucks (“SUTs”) and Vehicles (“SUVs”). The Sport Utility Trucks, to be introduced in early 2007, have strong appeal with its target customer base – Fleet Vehicle Owners and the SUV will be introduced in late 2007. Dan’s leadership and experience positions Phoenix Motorcars to become the next multi-billion dollar car company,” says Phoenix Motorcar Chairman Daniel Riegert.

“I am delighted to be joining Phoenix Motorcars at this exciting time in its history. The Phoenix Motorcars Sport Utility Trucks and Vehicles, powered by the astoundingly fast charge, safe and long life Altairnano NanoSafe™ battery packs , have solved the major barriers to mass adoption of zero emission, all-electric vehicles. These barriers have been a cost-effective vehicle, short battery charge times, long vehicle driving range and long battery life. With the solution in place, Phoenix is poised for explosive growth,” commented Dan Elliott.

In related news, Phoenix announced that it is relocating its corporate headquarters from Ojai, California to Ontario, California.

ABOUT PHOENIX MOTORCARS, INC.

Phoenix Motorcars Inc., headquartered in Ontario, California, has been an industry leader in the development of battery electric freeway speed vehicles since 2001. The mission of Phoenix Motorcars is to manufacture zero emission vehicles including Sport Utility Trucks and Sport Utility Vehicles to reduce the toxic emissions from the largest contributor to air pollution, personal automobiles. For additional information visit: www.phoenixmotorcars.com.