LAS VEGAS, NEVADA, June 16, 2016 (GLOBE NEWSWIRE) -- Today Michael Hu, President of 2050 Motors, Inc. (US OTCQB: ETFM), stated that Joseph LaStella P.E.C.E. Ret., a Senior Engineering Consultant for 2050 Motors, was interviewed on the "The Big Biz Show." Mr. LaStella presented some interesting and independent views on the future of not only electric cars but the entire automobile industry.
The interview was conducted on Tuesday June 7, 2016 and the show was not only humorous but Mr. LaStella brought with him to the studio many carbon fiber pieces for presentation, including the entire front end of the e-Go car. The exhibition also included two YouTube videos that demonstrate the indestructability of the e-Go carbon fiber material. The first video shows a frontal crash test of the e-Go at 35 mph into a concrete wall with very little indication of damage. The second video shows .38 caliber bullets bouncing off a carbon fiber plate of the same thickness of the e-Go body. The plate was presented at the interview to review first-hand the minimal damage done by the bullets.
It’s also interesting to note that later on the same day of the interview a major article was published in The Wall Street Journal titled “How Auto Companies Are Making Their Cars Lighter” (http://www.wsj.com/articles/how-auto-companies-are-making-their-cars-lighter-1465351441) which covered specifically many of the items illustrated in the LaStella interview and confirming many of his statements. This article clearly represents the future of the automobile industry wherein it is experiencing a paradigm shift to ultra-low-weight vehicles such as aluminum alloy and carbon fiber. Carbon fiber is five times stronger than steel and one third the weight of steel, which makes it the ideal material for future automobiles. 2050 Motors electric vehicles make use of these types of materials including extruded aluminum alloy frames and the first complete carbon fiber bodies available at consumer prices today. It took five years for Italian and Chinese engineers to develop a low cost process to make this vehicle possible. Because of these breakthrough technologies, no other company can offer a carbon fiber vehicle at reasonable consumer prices other than 2050 Motors, Inc.
This in depth interview clearly demonstrated the competitive edge that 2050 Motors has engineered into its all electric carbon fiber vehicles. The success of The Big Biz interview has sparked the interest of other talk media radio and TV shows. 2050 Motors has now been approached with interview requests from other media outlets.
We encourage everyone to watch the interview at https://youtu.be/_PVVO0g89nE and other videos at the 2050 Motors YouTube Channel at https://www.youtube.com/channel/UCDLL9zfZ5w1IfVst1fLO0-g
The Big Biz Show has been on air for 17 years, it’s an Emmy-Award winning, nationally syndicated television and radio program seen daily in 62 Million television homes via Fox Business, Biz Television Network, YouToo AmericaTelevision Network and heard in 150 radio stations across the U.S. on IHeart Media, Business Talk Radio Network and Armed Forces Radio network in 175 countries and all the ships at sea.
Other Big Biz Show interviews can be seen at http://www.bigbizshow.com, http://biztv.com/NS-ListingDetail/NSEventID/46 and http://youtooamerica.com/bizbrew/
About 2050 Motors, Inc.
2050 Motors, Inc. (http://www.2050motors.com and http://www.etfm.com), is a publicly traded company incorporated in Nevada in 2012. 2050 Motors was founded to develop and produce the next generation of clean, lightweight, efficient vehicles and its associated technologies. Some of these technologies include alternative renewable fuels, hybrid electric vehicles, advanced graphene lithium batteries and carbon fiber low cost vehicles. 2050 Motors has been successful in forming long term relationships and exclusive contracts for a variety of game changing technologies. 2050 Motors entered into an agreement with Jiangsu Aoxin New Energy Automobile Co., Ltd., located in Jiangsu, China, for the distribution in the United States of a new electric automobile, known as the e-Go EV (electric vehicle). The e-Go EV is a revolutionary new concept in the ever evolving world of electric vehicles. It will be the only production line electric car with a carbon fiber body and parts manufactured by a new process using robotic machines which significantly reduces the fabrication time and cost of carbon fiber components. The e-Go EV will seat four passengers, have a long battery life, and high energy efficiency rating up to 150+ MPG-E energy equivalent in urban driving due to the light weight of the vehicle. The five passenger carbon fiber luxury sedan Ibis EV, the e-Go's big brother, will also be showcased along with the e-Go EV for future sales in the United States. See videos of completion of the e-Go EV manufacturing plant at https://www.youtube.com/watch?v=wih8_xxZNgA and the unveiling of the e-Go EV at the 2014 Shanghai Auto Show http://www.2050motors.com/shanghaishow.html. The company is fully reporting under the SEC EDGAR system.
Disclosure Statement
Statements in this press release about our future expectations, including without limitation, the likelihood that 2050 Motors will be able to leverage capital markets to execute its growth strategy, meet US DOT requirements, meet minimum sales expectations, will be successful and profitable in the US market, and will bring significant value to 2050 Motors' stockholders, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and our actual results could differ materially from expected results. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.
CONTACT:
George Hedrick
VP North American Operations
2050 Motors, Inc.
(702) 591-6029
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Benchmark Advisory Partners LLC
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