EVCARCO/Third Stone Acquires Portfolio of Patents From American Rodsmiths
FT. WORTH, TX--(Marketwire - Nov 19, 2012) - EVCARCO, Inc./Third Stone Corporation (OTCQB: EVCA) announced today that the Company has acquired a portfolio of patents from American Rodsmiths and has plans to develop a new sports component company, "G1 Components." It is planned that G1 Components will be operational in the 2nd Quarter of 2013.
EVCA/Third Stone have initiated the formation of the new company to sell custom rod components, fishing reels and boutique sporting goods to the fishing rod manufacturing community and sporting equipment outlets.
Gary Easterwood, President and CEO of EVCA/Third Stone Corporation, stated, "We are currently creating a portfolio of custom rod components that are available nowhere else. These custom components are currently designed and produced by American Rodsmiths and G1 Components will, for the first time, offer them to the rod building community. Much of what will be offered has not even seen the light of day. These new 'patent applied for' designs are revolutionary and we want to be able to offer them to all rod manufacturers."
EVCA/Third Stone is also partnering with a premier fishing reel manufacturer to develop a new line of mid and high-end fishing reels. Once complete, G1 Components will offer both bait casting and spinning reels for fresh and saltwater enthusiasts.
Easterwood continued, "We are working with professional tournament fishermen and reel experts to provide, right out of the box, a reel with many of the aftermarket tweaks that serious fishermen add onto their reels to make them perform better."
EVCA/Third Stone is also in negotiations with "boutique" tackle and sporting equipment manufacturers to offer their goods in the G1 portfolio.
Easterwood said, "There are many small manufacturers out there that don't have the ability to market and distribute their goods or tackle to the general public. These small manufacturers have in many cases worked for years to create outstanding products, but lack the ability to introduce them to a wider audience. We want to do just that."
EVCARCO, Inc. is a Future Driven® Automotive Retail Group focused on deploying a coast-to-coast network of environmentally friendly franchised dealerships, vehicles, technologies and sustainable solutions. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric, alternative fuel, and pre-owned hybrid vehicles from multiple manufacturers. EVCARCO also owns The Third Stone Corporation, a forward-thinking software provider dedicated to improving and enhancing lives through innovations of software development and data services for sport, financial, home automation and social networking.
Safe Harbor Statement
This press release may contain forward looking statements which are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues as well as any payment of dividends on our common and preferred stock, statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC) including but not limited to information as contained within the Company's most current quarterly reports, annual reports, and or other filings. Furthermore, the Company disclaims any intention or obligation to update or revise any such forward looking statements, whether as a result of new information, future events, or otherwise. We have incurred and will continue to incur significant expenses in our expansion into new related services and there is no assurance that we will generate revenues sufficient to offset those costs. Expansion may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the various geopolitical locations we will be providing services in; the impact of which cannot be predicted at this time.
