Esarati Electric Technologies Corp. Secures Wells Fargo to Handle Financing And E-Commerce Transactions
14 November 2000
Esarati Electric Technologies Corp. Secures Wells Fargo to Handle Financing And E-Commerce Transactions
BELLEVUE, Wash., Nov. 14 Esarati Electric Technologies Corporation (OTC: EETC), makers of advanced
technology electric-powered motorbikes, announced today that Wells Fargo will
handle all of its national dealer financing and consumer financing agreements.
Wells Fargo will also carry out all e-commerce transactions for Esarati, which
is based in Bellevue, Wash.
"As we launch our new line of 2001 electric motorbikes, Wells Fargo will
help us serve dealers and consumers across the nation and assist us in
developing our e-commerce capabilities," said Brent Nelson, a Director of
Esarati Technologies.
"Our goal is to make Esarati and all of our other business and consumer
customers financially successful by providing them the financial products and
services they need," said Jennifer Francisco, a Wells Fargo assistant
vice president in Bellevue.
The Esarati motorbike is a revolutionary electric vehicle. Each
competitively priced model surpasses the battery life, speed, range and
payload capabilities of competing electric motorbikes and offers an array of
energy-saving features, without emitting any environmental pollutants.
The company plans to sell its motorbikes through Esarati dealerships and
other retail outlets. The bikes are currently available for purchase through
the Internet at http://www.esarati.com.
Esarati's new line features three models: the Esarati 200 Firefly, a
one-passenger model with a top speed of 33 miles per hour; the Esarati 300, a
two-adult passenger model with a top speed of 50 miles per hour; and the
Esarati 400 Blackhawk, also a two-adult passenger model, with a top speed of
60 miles per hour.
All Esarati models are equipped with a uniquely designed electric motor
that allows the motorbike to run smoothly and silently. Each motorbike offers
minimal maintenance because of its specially designed integrated systems -- no
gears, and no gearbox, transmission, fuel pump, carburetor, spark plugs, water
pump or radiator.
About Esarati
Esarati Electric Technologies Corporation is a developer and manufacturer
of advanced technology electric vehicles. Esarati engineers and manufactures
the world's most advanced, high-performance, two-wheel electric vehicles
available. Esarati's corporate headquarters are in Bellevue, Washington, with
a manufacturing facility located in Mentor, Ohio. Another manufacturing
facility will open in Derby, England in 2001. For more information about
Esarati motorbikes, visit http://www.esarati.com.
About Wells Fargo
Founded in 1852, Wells Fargo & Company is a $263.5-billion diversified
financial services company providing banking, insurance, investments, mortgage
and consumer finance more than 5,700 stores, the Internet (http://www.wellsfargo.com)
and other distribution channels across North America, including all 50 states,
and elsewhere internationally.
CONTACT: Scott Selby of The Fearey Group, 206-343-1543, or
sselby@feareygroup.com, for Esarati Electric Technologies Corporation; or
Rob Powell of Esarati Electric Technologies Corporation, 206-250-6016, or
powell@wiresoft.com; or Tom Unger of Wells Fargo & Company, 503-886-2051, or
ungert@wellsfargo.com.