Plug-In Motors currently offers one conversion, a Mustang that they call the Plug-In Panther, but has plans to offer six more, including Ford F-150 and F-250 trucks and Mercury Grand Marquis (or Ford Crown Victoria), "soon." The conversions to pure electric Mustangs cost $75,900 for the minimum range (85 miles) or $99,900 for the maximum range of 200 miles. While it may seem strange for a costume company to buy an EV firm, CCUC has its reasons: government money. In a recent press release announcing its name change, they explained:
We'll keep our ears open, but we're pretty sure this will be the oddest story we post today.Due to Federal and State grants being made available to companies in the transportation and energy industries, CCUC feels strongly that now is the time to pursue opportunities and acquisition candidates that will support our goals and to capitalize on the growing market demand for a cleaner and more efficient form of transportation that will drastically reduce our country's dependence for fossil fuels.
[Source: Classic Costume Company, The Deal]
CCUC ANNOUNCES TWO ACQUISITIONS REVEALING COMPANY'S EXCITING NEW BUSINESS MODEL
Classic Costume Company, Inc. (OTCBB:CCUC), a Business Development, Marketing and Manufacturing Conglomerate, which earlier announced plans to change the name of the Company to "Electric Car Company, Inc.," announces today that it has recently completed the acquisitions of Imperial Coachworks, Inc. and Plug-In Motors, Inc. as wholly owned subsidiaries revealing Company's new business model to be a leading provider of "Pure Electric" technologies for the Custom Livery, Fleet and Government transportation markets.
About Imperial Coachworks, Inc.
Imperial Coachworks, Inc. and its subsidiary, Imperial Coach Builders, is a limousine and specialty vehicle manufacturing company that operates out of a 60,000 square foot manufacturing facility in Springfield, Missouri. Imperial is one of only nine limousine manufacturers operating under a QVM (Qualified Vehicle Modifier) Agreement with Ford Motors. The Company also has relationships with General Motors and Chrysler Corporation. Imperial is able to utilize the expertise of the supplier for superior engineering design, warranty support to its customers, rebates for chassis purchases and a source of marketing funds
Imperial's design team also has a tremendous amount of experience in the creation and restoration of custom and classic automobiles. The company has designed and built a line of Ford Model T Roadsters to add to its other custom cars. These vehicles are true to the era of the custom hot rod, but are built utilizing modern technology in each of the engineering components. For more information visit the web site: www.limoland.com.
About Plug-In Motors, Inc.
Plug-In Motors, Inc. based out of Kansas City, MO. is a specialty automotive technology company that provides a zero emission, high performance 100% "Pure Electric" vehicle conversion solution for any size production vehicle. Mr. Kurt Neutgens, President and founder of Plug-In Motors has 20 years of experience in the automotive industry with an expertise in Product Development, Manufacturing Quality and Powertrain Integration. He was previously an Engineering Manager of the F150 at Ford Motor Company. He has positioned Plug-In Motors to be the first to provide Premium Pure Electric Vehicle upgrades to the automotive market. The "Premium" designation indicates to the Company's customers a stronger, cleaner and safer "Pure Electric" vehicle to drive.
Plug-In's first prototype vehicle, unveiled in December of 2008, is a Ford Mustang Conversion. Pure Electric Mustang conversions are now available to the public in two versions with a top speed of 85 mph traveling up to 200 miles on a charge and can reach 0-60 in as little as 5.6 seconds. These vehicles have power steering, air conditioning, electric heat and regenerative braking with a cost to drive averaging less than $0.03/ mile. The Company is in the process of converting a Ford F150 as well as a few other family type vehicles. To view a demonstration of the Mustang, visit the Company's web site: www.pluginmotors.com
CCUC is now in the position to take advantage of a timely industry market demand to provide custom vehicles and powertrains and plans to build a dominating presence in the aftermarket automotive up-fitter segment, including "Pure Electric" vehicles, limousines, other livery, specialty fleet, classic automobiles and custom restorations. The Company fully expects to have the first zero emissions, "Pure Electric" livery vehicle ready to unveil by first quarter of 2010. The Company's strategy is to offer and expand our line of products, eventually revolutionizing the specialty automotive vehicle market.
Mr. Gary Spaniak, Chief Executive Officer of CCUC, states, "Until now CCUC has been a marketing sales company." Mr. Spaniak continues by stating, " By bringing these two quality companies into CCUC, we now have the ability to provide a line of specialty vehicles the industry is asking for."
Forward Looking Statements
Safe Harbor Statement under the Private securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.