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Techalt, Inc. Merger Partner EV Parts, Inc. Announces Sponsorship of National Electric Drag Racing Association
SEATTLE-(Business Wire)-January 29, 2008 - Techalt, Inc. (Pink Sheets:TCLT) ("Techalt" or the "Company") announced today that its merger partner, EV Parts, Inc. ("EV Parts"), an online supplier of electric vehicle parts and components, has announced that EV Parts will continue to be a leading sponsor of the National Electric Drag Racing Association ("NEDRA").
EV Parts' President, Roderick Wilde, stated, "As the past President and current Marketing Director of NEDRA, I could not think of a better branding and highlighting for EV Parts and the industry than being a 'premier' sponsor."
NEDRA exists to increase public awareness of electric vehicle (EV) performance and to encourage advances in EV technology through competition. NEDRA achieves this by organizing and sanctioning safe, silent and exciting EV drag racing events. NEDRA is made up of a coalition of drag racing fans, electric drag racing vehicle owners and drivers, EV parts suppliers and manufacturers, and other environmentally concerned companies and individuals who are also interested in promoting the sport of EV drag racing.
Tom True, EV Parts' Chief Executive Officer, commented, "NEDRA represents the heart and soul of what we do for a hobby we love. We also learn valuable information and modifications from these brain pooling events that goes into the products we develop and sell and to new ideas for the future. I wouldn't be surprised to see our EV Parts' race cars smoking up the tracks this year!"
EV Parts will soon be featured on "Mean Green Machines", a new show airing on the Discovery Channel. The broadcasting schedule will be announced shortly.
EV Parts' President, Roderick Wilde, is also actively involved in promoting all forms of alternative transportation as the Director of Environmental Transportation Options, an organization dedicated to encouraging the use of alternative forms of transportation (www.etoptions.org).
EV Parts, Inc. is an online supplier of electric vehicle parts and components and has been selling products in the Robotic/Electrathon, Industrial, Personal Mobility, Marine/RV, and Renewable Energy markets. EV Parts' merger with Techalt, Inc. is expected to close on or before March 18, 2008.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("the Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements which are based upon certain assumptions and describe future plans, strategies and expectations, are generally identifiable by the use of words as "believe," "expect," "intend," "anticipate," "project," or other similar expressions. These forward-looking statements relate to, among other things, future performance, and perceived opportunities in the market and statements regarding the Company's mission and vision. The Company's actual results, performance and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) managing acquisitions and expansion of operations; (2) obtaining necessary financing and managing existing debt; (3) completing the investigation, acquisition and integration of new business opportunities; (4) complying with federal, state and local government and international regulations; and (5) other factors over which we have little or no control.
