Electric Car Company, Inc. Utilizes Grant From the State of Missouri to Increase Efficiency and Lower Overhead Costs
31 Marzo 2010 - 8:29AM
Electric Car Company, Inc. (OTCBB:ELCR), a vehicle conversion
company that specializes in electric conversions and manufacturing
for the Livery and Fleet Markets, announces that the Company has
utilized a training Grant from the State of Missouri to increase
efficiency and lower overhead costs. Implementing "Lean
Manufacturing" processes and lowering overall manufacturing costs
gives the Company a competitive advantage in the market.
By utilizing the Training Grant awarded to the Company, an
independent team of efficiency experts was hired to help overhaul
its production process at no cost to The Electric Car
Company. The goal is to drastically reduce lead-time and
mistakes while improving staffing for the job by reconfiguring
traditional assembly lines into productive cells based on one-piece
flow.
As a result several steps were taken. The Company has been able
to reduce its full time assembly force from 30 down to 19. Any
additional labor will be brought in on a job-by-job basis, which
also saves on excessive overtime costs. Other areas have been
streamlined such as the accounting, marketing and administrative
staff that have been reduced by 50%.
The Company has also taken steps to ramp up sales by reducing
the salary expense of its sales personnel while increasing the
commission structure. This has proven to be very effective
with the evidence of the increased sales and contract work brought
into the Company in the first quarter of this year.
Mr. Gary Spaniak, CEO of Electric Car Company, Inc. stated, "By
utilizing the programs offered by the state, we've been able to
continue training at a minimal cost to the company." Mr.
Spaniak continued by stating, "The staff is on board with it all.
It's not only made us leaner, but it has made us stronger, as
well."
www.electriccarstocks.com
About Electric Car Company, Inc.
Electric Car Company, Inc., (OTCBB:ELCR) is a vehicle conversion
company that specializes in electric conversion and manufacturing
for the livery and fleet markets including corporate VIP, Party
Buses, Municipal Buses and Delivery Vehicles. The company brings
together businesses specializing in customizing vehicles and
powertrains. This proven business strategy is building a dominating
presence in the aftermarket automotive up-fitter segment,
including, but not limited to "Pure Electric" cars, liquid propane
conversions, limousines & other livery vehicles, specialty
fleet vehicles, classic automobiles and custom restorations.
The Company fully expects to have the first zero emissions,
"Pure Electric" livery vehicle ready to unveil by second quarter of
2010. The long-term strategy is to offer and expand the company's
line of products that will revolutionize the specialty automotive
vehicle market.
Electric Car Company's wholly owned subsidiary, Imperial Coach
Works, Inc. and its custom manufacturing division, Imperial Coach
Builders, Inc., is a limousine and specialty vehicle manufacturing
entity that operates out of a 60,000-sq. ft facility in
Springfield, MO., www.limoland.com.
Forward-Looking Statements
Safe Harbor Statement under the Private securities Litigation
Reform Act of 1995: The statements contained herein, which are not
historical, are forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed in the forward-looking statements
including, but not limited to, certain delays beyond the Company's
control with respect to market acceptance of new technologies,
products and services, delays in testing and evaluation of products
and services, and other risks detailed from time to time in the
Company's filings with the Securities and Exchange Commission.
CONTACT: Electric Car Company, Inc.
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Henry Harrison
407-682-2001
hharrison@insidewallstreet.com
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