eCarfly, Inc. Discontinues Merger Negotiations with CompleteAuto and eAutoDrop

DALLAS--eCarfly, Inc. (Pink Sheets:ECFL) announced today that the merger with CompleteAuto and eAutoDrop has been discontinued. Both groups have agreed that it would be in the best interest for CompleteAuto and eAutoDrop to remain separate from eCarfly and pursue a course that would lead them to the public market as a separate entity.

Desmond Milligan, CEO of eCarfly stated, “I am deeply saddened that the merger has fallen through. We have worked very diligently over the past several months while spending thousands of dollars banking on the fact this merger was going to happen. Due to the lengthy attorney Due Diligence process, CompleteAuto and eAutoDrop had to move on and continue to raise capital to sustain their business.” Mr. Milligan further stated, “Over the next few weeks, I will be meeting with our attorney planning a course of action that will allow eCarfly, Inc. to resurface from the fallen merger.”

About eCarfly, Inc.

eCarfly, Inc. has closed the Chicago office and the Plano office. The corporate office is being relocated to a new area in Dallas, TX and should reopen in the next couple of weeks. The new address and telephone number will be released to the public when the move is completed.

eCarfly provided 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. 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.