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LAS VEGAS, NV --(Marketwired - March 18, 2016) - Today Michael Hu, President of 2050 Motors, Inc. (OTCQB: ETFM), stated that 2050 Motors' Pre-Order Marketing Launch indicated an impressive customer support for the all carbon fiber e-Go electric vehicle (offer started at 12:00 AM PST on March 17, 2016). During the first sixty minutes after midnight, 2050 Motors had already received more than 25 pre-orders and pre-orders have continue to come in during the first 24-hour period.
As stated in the March 11 press release titled, "2050 Motors, Inc. To Start Taking Deposits On Its Carbon Fiber Electric Autos In March," 2050 Motors launched a special introductory pre-order offer for a two week period which required a $1000 pre-order deposit. Customers who participate in this initial launch will receive extraordinary free incentive options. Some of the options include a 10-year unlimited mileage warranty on the battery pack and participation in a free lottery of two carbon fiber e-Go cars (winners will be drawn at the next 2050 Motors Shareholders Meeting). Please see Pre-Order Agreement for details (http://www.2050motors.com/pre-order/pre-order-form.html).
Michael Hu stated, "We are very happy with the initial results since 2050 Motors only advertised this campaign in Las Vegas, which meant that this was only offered to localized customers in Nevada, parts of California and Utah. We were surprised that some of these pre-order customers included multiple orders from an automobile dealership and an order from the owner of an NBA basketball team."
After the two week period, pre-order participants will receive a pre-order priority number and will be notified about their standing on this list. So far, all indications are that 2050 Motors has launched a very successful pre-order marketing survey.
Michael Hu also stated, "The results of this initial program will serve as a basis to launch a much larger offering nationwide when we receive US DOT approval, complete all the requirements for the importation of the e-Go to the United States, and complete all crash testing."
It is noteworthy that the e-Go has already undergone extensive computer simulations, road tests and actual crash testing in China. The e-Go has successfully passed preliminary crash testing at the world renowned CATARC (China Automotive Technology & Research Center) Institute (http://www.catarc.ac.cn/ac2016/index.html).
Marketing data and customer participation in a regional pre-order launch program (such as the one 2050 Motors embarked upon) is a very valuable tool which other companies can use to evaluate their future marketing strategy. Therefore, 2050 Motors will not release the final results of this initial regional offer since we will be using this data to format our much larger nationwide campaign to sell our carbon fiber vehicles later this year.
About 2050 Motors, Inc.
2050 Motors, Inc. (http://www.2050motors.com and http://www.etfm.com), is a publicly traded company incorporated in Nevada in 2012. 2050 Motors was founded to develop and produce the next generation of clean, lightweight, efficient vehicles and its associated technologies. Some of these technologies include alternative renewable fuels, hybrid electric vehicles, advanced graphene lithium batteries and carbon fiber low cost vehicles. 2050 Motors has been successful in forming long term relationships and exclusive contracts for a variety of game changing technologies. 2050 Motors entered into an agreement with Jiangsu Aoxin New Energy Automobile Co., Ltd., located in Jiangsu, China, for the distribution in the United States of a new electric automobile, known as the e-Go EV (electric vehicle). The e-Go EV is a revolutionary new concept in the ever evolving world of electric vehicles. It will be the only production line electric car with a carbon fiber body and parts manufactured by a new process using robotic machines which significantly reduces the fabrication time and cost of carbon fiber components. The e-Go EV will seat four passengers, have a long battery life, and high energy efficiency rating up to 150+ MPG-E energy equivalent in urban driving due to the light weight of the vehicle. The five passenger carbon fiber luxury sedan Ibis EV, the e-Go's big brother, will also be showcased along with the e-Go EV for future sales in the United States. See videos of completion of the e-Go EV manufacturing plant at https://www.youtube.com/watch?v=wih8_xxZNgA and the unveiling of the e-Go EV at the 2014 Shanghai Auto Show http://www.2050motors.com/shanghaishow.html. The company is fully reporting under the SEC EDGAR system.
Statements in this press release about our future expectations, including without limitation, the likelihood that 2050 Motors will be able to leverage capital markets to execute its growth strategy, meet US DOT requirements, meet minimum sales expectations, will be successful and profitable in the US market, and will bring significant value to 2050 Motors' stockholders, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and our actual results could differ materially from expected results. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.
VP North American Operations
2050 Motors, Inc.
Benchmark Advisory Partners LLC
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