BLUE ASH, Ohio, Aug. 12, 2010 (GLOBE NEWSWIRE) -- AMP Holding Inc. (OTCBB:AMPD), a company engaged in the emission-free electrification of OEM vehicles, announced it would be hosting a "Making Your Fleet Green" event Friday, August 20th, commencing at 10am EDT.
The informative event will educate fleet managers on the benefits of having a "green" fleet as well as AMP's unique Electric Fleet Vehicle Program - the only one of its kind in the market today. The program offers two viable solutions for fleet operators: 100% electric new vehicles such as the AMP'd GM Equinox, and the upfitting of existing or retired fleet vehicles.
Steve Burns, CEO of AMP, said, "Historically speaking, fleets have been early adopters of alternative fuel solutions; it seemed only natural to create a Fleet Vehicle Program that affords real world solutions for these transportation planners. Aside from the obvious environmental appeal these vehicles garner, various government grants and incentives available to fleet operators make the economics quite compelling. Upfitting just one vehicle previously deemed for retirement could yield savings of up to $15,000 by year five, just on that one vehicle alone. Imagine the implications for a large government agency or municipality that has thousands of vehicles in its fleet, it's just mindboggling; not to mention the massive reduction in carbon footprint in saving these vehicles from the scrap yard. AMP's game-changing technology allows us to help these fleets meet and exceed the ever-growing environmental standards being dictated."
AMP will be hosting the event in its first showroom and U.S. production headquarters, located in Cincinnati, OH. Expected to be in attendance will be fleet managers from various municipalities, utilities and commercial fleet owners, as well as special guest Ohio Department of Transportation director Jolene Molitoris. In addition to providing an informative forum, AMP's 100% electric GM Equinox will available for test drives, and orders will be taken. Fleet managers interested in attending should email jdstaley@ampelectricvehicles.com.
About AMP Holding Inc.
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, as well as two key pioneers of GM's EV1 project. AMP's first models to all-electric are the GM Sky and the Pontiac Solstice, and most recently, the Chevrolet Equinox. Since its inception, the AMP all-electric GM Sky has proven itself to be an idea that has generated an extreme amount of interest, with inquiries coming from around the world. AMP will be electrifying a wide range of GM vehicles, and expects to announce new model additions in 2010. The Company expects its vehicle electrification technology will provide new solutions to America's energy demands.
To learn more, visit the AMP website at www.ampelectricvehicles.com.
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.