MotivNation will introduce new line of 'light electric vehicles' through its Damon's division

Jan 29th 2007 at 1:01PM
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The news release is about as long as the headline. All we know is that MotivNation, a company based in Orange County, California, will introduce a light electric vehicle through its Damon's division. MotivNation CEO George Lefevre says the product will feature an innovative motor, controller, battery and manufacturing techniques. Damon's is best known for its painting and graphics on cars and motorcycles. On its website there are shots of a custom golf cart (shown above) going through the shop. MotivNation also runs TrixMotive, a limo conversion company. The subject of electric vehicles is pretty hot right now, but the country doesn't need another NEV. Let's hope MotivNation has higher aspirations.

Read the full release after the jump

[Source: MotivNation via The Auto Channel]

MotivNation to Introduce New Product Line of Light Electric Vehicle Through Damon's Division

IRVINE, Calif.--MotivNation (OTCBB:MOVT), an Orange County, California-based provider and manufacturer of "tools and toys for the automotive enthusiast," today announced the introduction of a light electric vehicle through Damon's division.

George R. Lefevre, MotivNation CEO, commented, "We're excited about this upcoming product featuring innovative motor, controller, battery and manufacturing techniques from this alternative energy line of product."

About MotivNation:

Based in Irvine, California, MotivNation is aggressively positioned in the custom automotive and motorcycle enthusiast market. Damon's is in the business of customizing motorcycles and automobiles. TrixMotive is in the business of converting automobile chassis into stretched limousines and other specialized automotives. MotivSource is an automotive supplier delivering advanced systems and components to the motor vehicle industry.

MotivNation's business divisions provide a full range of services that cater to the custom motorcycle and automotive enthusiast, including the sale, manufacture, converting, customization, armor protecting, and installation of custom-built motorcycles and auto parts and accessories, as well as restoration, repair, and servicing.

For more information, visit http://www.MotivNation.com.

Safe Harbor Statement: This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Statements in this release, which relate to the Company's plans and strategies, as well as management's expectations about new and existing products and services, acquisitions and opportunities, market growth, demand for acceptance of new and existing products and services, are forward-looking statements. In particular, when used in the preceding discussion, the words "estimated," "believe," "optimistic," "expect," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to risks and uncertainties, and actual results could differ materially from those expressed in forward-looking statements. Such risks and uncertainties include, but are not limited to, unfavorable market conditions, increased competition, limited working capital, and failure to implement business strategies, actions by regulatory agencies, and other risks and uncertainties that could cause actual results to differ materially from historical or anticipated results due to many factors. The Company undertakes no obligations to publicly update or revise such statements. For more details, please refer to the Company's Securities and Exchange Commission filings.

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