Ben Rainwater to Join Board of Directors of Green Automotive
Ben Rainwater to Join Board of Directors of Green Automotive
Highly Sought-After Industry Expert Re-Joins the Company’s Board
Green Automotive Company Corporation (OTC:GACR) announced today that Mr. Ben Rainwater has agreed to re-join the Company’s Board of Directors, and take the helm of the Company’s wholly-owned subsidiary, GAC Automotive Services Inc.
“It’s great to have Ben back on the Board," said Fred Luke, President Green Automotive. “Even after stepping off in January during the Company’s re-structuring, as our Chief Automotive Consultant for the past nine months he has continued to lead us, from vehicle homologation to long-term corporate planning.”
“Ben is a recognized industry expert, with a long, impeccable and envious successful history in building U.S. automotive import and distribution companies from the ground up’, said Mr. Luke. “Beginning with Mitsubishi Motor Sales of America where he was recruited to bring the Mitsubishi brand and vehicle line-up to the U.S., designing and implementing the brand introduction and promotion, and the U.S. support network, Ben has been at the forefront of the launch and development of foreign-made vehicles in the U.S. Daihatsu America, Inc., watching him build Mitsubishi’s U.S organization, recruited him to be part of their team that introduced the Daihatsu brand and vehicle line-up to the U.S. market. Following Ben’s successful ground-up development of Daihatsu’s U.S. operations, Ben was recruited by Kia Motors America, Inc., where he assisted in the hugely successful introduction of their brand and vehicle lineup to the American market. Most recently, Ben served as Vice President, National Parts & Service Division, Director for Daewoo Motor America, Inc. where, once again, he was successful in bringing the Daewoo brand and vehicle line-up to the U.S. market. Ben’s employment with Daewoo led to him becoming President & CEO of StartPoint USA, the company created to support 185,000+ Daewoo vehicles and more than 300 Daewoo retail dealers with Daewoo Parts and Warranty Administration and, in the roll-out period of about 30 months sold almost 200,000 Daewoo vehicles.”
About Green Automotive Company: Green Automotive Company Corporation is a U.S. public company involved in the import and distribution of Eco-friendly vehicles. The Company is presently planning to bring to the United States market late this year an All-Electric SUV and, in 2012, an all-electric MPV. The Company maintains its Corporate Office in Newport Beach, California and its Dealership Services Office in Lewisville, Texas. Green Automotive Company shares are traded on the OTC Market Tier--OTC Pink Current under the symbol "GACR". For more information visit www.usaelectricauto.com or write to info@usaelectricauto.com.
Safe Harbor Statement - This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Green Automotive Company Corporation incorporates by reference its disclosure and financial statements posted on www.otcmarkets.com, and does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
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