Phoenix Motorcars Names Chief Financial Officer
FOR IMMEDIATE RELEASE Agency Contact: Hillary Williams-Angel Phone: (909) 625-2225 x23 E-mail: hwilliams@wilkinguge.com Phoenix Motorcars Names Chief Financial Officer ONTARIO, Calif. – February 22, 2007 – Phoenix Motorcars, a manufacturer of battery-electric, freeway-speed fleet vehicles, has named Dennis Hogan Chief Financial Officer and has promoted Bryon Bliss to Vice President of Sales and Marketing. Hogan will oversee all aspects of the company’s financial management, including financial reporting, strategic planning and investor relations. Bliss will be responsible for developing and implementing strategic marketing components to establish the company’s role in the alternative energy automotive industry. “Dennis will be instrumental to the company’s growth, and his extensive background in financial management will be an asset to Phoenix Motorcars,�?? says Dan Elliott, CEO of Phoenix Motorcars. Hogan comes to Phoenix Motorcars with over 20 years in the accounting and finance fields. Previously, he was CFO/Controller at ProcessClaims, an Internet-based company providing workflow automation to the insurance industry. He also was CFO for Hi-Tech Collision, a chain of collision repair shops. Hogan received his Bachelor’s degree in economics from the University of Southern California, where he was a Trustee Scholar and elected Phi Beta Kappa. In addition, he is a Certified Management Accountant (CMA), a Certified Cash Manager (CCM), a Certified Treasury Professional (CTP) and an Enrolled Agent with the IRS (EA). “Bryon’s promotion is a well-deserved recognition for his contribution to our growth. He has allowed us to remain on target to manufacture and sell 500 fleet-ready, all-electric vehicles by year’s end,�?? added Elliott. Bliss most recently served as Vice President of Sales and will continue to develop, manage and guide sales activities for Phoenix Motorcars’ all-electric product lines. Additionally, Bliss will manage and work closely with its agency-of-record, Wilkin Guge Marketing, on branding and marketing initiatives to drive awareness of Phoenix’s economical and energy-efficient vehicles. Phoenix Motorcars is aggressively targeting operators of fleet vehicles, such as public utilities, public transportation and delivery services. This market presents a significant opportunity as there are more than 200,000 fleet vehicles in the state of California alone, with an increasing number of fleet operators now seeking freeway-capable, zero-emission, all-electric vehicles. ABOUT PHOENIX MOTORCARS INC. Phoenix Motorcars Inc., a privately-held company headquartered in Ontario, Calif., 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. Phoenix Motorcars has strategic alliances with UQM Technologies Inc. (AMEX: UQM), Altair Nanotechnologies, Inc. and Boshart Engineering. For additional information, visit www.phoenixmotorcars.com. # # #