Hybrid Technologies, whose considerable range of models doesn't actually include any hybrids, have changed their name to the more apt EV Innovations and their stock symbol to EVII. The reason given for the change is that the company is morphing from "a development stage technology company, to a world class manufacturer of Plug In, Battery powered vehicles." Left out of the understated announcement, but mentioned in a couple of their YouTube pages, was news that they are also planning on bringing some new electric vehicles to the New York Auto Show in April. Perhaps we'll get to see a copy of their 150 mph "Super Car" they sold last year via Sam's Club and we're supposed to bring to the past LA Auto Show. We're also interested to see if the change helps sales any. Brief press brief after the break.
Update: Although EV Innovations didn't say they were bringing it to New York, the company does mention their "Inizio(TM) EVS-7 Super Car" in their press release.
[Source: YouTube / EV Innovations]
Hybrid Technologies, Inc. (OTCBB: HYBR) Announces Change of Name and Trading Symbol to EV Innovations Inc. (OTCBB: EVII)
Hybrid Technologies, Inc. (OTCBB: HYBR) formally announces that it has changed its name to EV Innovations Inc. and will begin immediate trading under the ticker symbol EVII (EE VEE EYE EYE). This move comes as EV Innovations ends the transition from a development stage technology company, to a world class manufacturer of Plug In, Battery powered vehicles. According to Company President, Holly Roseberry: "As we go forward under our new identity and new ticker symbol, EVII, we fulfill our commitment to be the leader in American made Plug In Electric Vehicles."
EV Innovations Inc. (OTCBB: EVII) is the leader in manufacturing Plug In Battery powered vehicles, in the United States. Current production includes the world famous Inizio(TM) EVS-7 Super Car.
About EV Innovations: www.evinnovations.com
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ.