AMP Electric Vehicles Selects Allen & Caron Inc for Investor Relations, Corporate Communications

CINCINNATI, Oct. 17, 2011 /PRNewswire/ -- AMP Electric Vehicles (OTCBB:AMPD), an early-stage automotive company engaged in the emission-free electrification of OEM SUVs, announced today that it has selected Allen & Caron Inc, with offices in New York City, Irvine, CA and London, as its agency for investor relations and corporate communications. Allen & Caron will develop an outreach program to increase visibility in the investment community.

AMP Electric Vehicles CEO Jim Taylor commented, "As early adopters create demand for electric vehicles – and as new and stringent regulations in the US and the EC draw ever nearer, bringing severe penalties for nonconforming OEM fleets – we believe this is the right time for us to generate broader visibility in the US and Europe.  We selected Allen & Caron because of their well-established reputation and track record for helping fast growing small-cap companies develop effective communications and for increasing their exposure to institutional investors."

Allen & Caron Chairman and CEO Joseph Allen said, "AMP Electric Vehicles has an unusually capable and experienced management team, headed by Jim Taylor, former Cadillac President and Hummer CEO together with a team of veterans who, between them, have worked with virtually everyone in the global automobile industry.  They are currently converting the Mercedes Benz ML 350.  We look forward to AMP announcements with other major brands in the near future."

Allen added, "AMP Electric Vehicles has SUVs that perform like high-performance gasoline-powered vehicles -- but without emissions. The AMP vehicle is impressive -- a full-sized five-passenger EV SUV that has a driving range of up to 100 miles per charge, accelerates from 0-60 in less than 10 seconds, and reaches speeds of 90 mph.  We believe that AMP vehicles, when added to fleets for 2013, will help major car companies avoid the penalties that would be imposed if overall fleets did not comply with stringent 2013 carbon emission standards."

About AMP Electric

AMP was founded in 2007 by automotive industry veterans who have created several hi-tech companies.  Currently, the AMP team is comprised of top engineers and business executives. AMP's first all electric demonstration models were the Chevrolet Equinox, the Saturn Sky, and Pontiac Solstice.  Since its inception, AMP's unique electrification technology has proven to be an idea that has generated an extreme amount of interest, with inquiries coming from around the world.  AMP's intent is to electrify a wide range of OEM vehicles and SUVs. The Company expects its vehicle electrification technology will provide new solutions to America's energy demands.

Forward-Looking Statements

Certain statements contained in this press release may constitute "forward-looking statements."  Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact.  Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website (http://www.sec.gov).  In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes.  The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change.  However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so.  These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.

For more information, visit www.ampelectricvehicles.com.

About Allen & Caron

Allen & Caron is a full-service corporate, investor and marketing communications agency serving the needs of public companies. The Allen & Caron international client base includes emerging growth companies in a broad range of industry segments. The firm has offices in Irvine, California; New York City and London; and has an affiliate relationship with a leading investor relations firm in Italy, which has offices in Milan and Rome.

For more information, visit www.allencaron.com.

Information:
Investors: Michael Mason, 212-691-8087, [email protected].

SOURCE Allen & Caron Inc.