NEW LONDON, Conn., June 11, 2010 (GLOBE NEWSWIRE) -- Evercel, Inc. (Pink Sheets:EVRC) has been advised that Zipcar, Inc. has filed a Registration Statement on Form S-1 on June 1, 2010 for an Initial Public Offering. Further information can be obtained at www.zipcar.com/press
New London, Conn.-based Evercel is a multi-industry company whose operations include crab processing for both fresh and frozen markets, sales of Swivel Y-valves used in the treatment of patients on respirators, and Stretch and Cover, Inc., an on-line retailer of slipcovers for household furniture. Evercel also has investments in Zipcar, Inc. (car sharing), and Julia LLC (skin wrinkle reduction technology).