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TOPIC: ETFM (ZEGG) - 2050 Motors Inc.

2050 Motors Cars Showcase at 2014 Auto Show 2 years 10 months ago #1771

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2050 Motors Electric Cars Showcase at 2014 Shanghai Auto Show

LAS VEGAS, Nov. 19, 2014 (GLOBE NEWSWIRE) -- Today, 2050 Motors, Inc. (OTCQB:ETFM), announced that its China partner, Jiangsu Aoxin New Energy Automobile, Ltd. showcased its five-passenger carbon fiber body electric vehicle, the e-Go EV, with a 34 kWh battery pack, 1,400 lbs total weight and over 200 miles (over 320 km) driving range on a full charge. The carbon fiber car received major attention at the 2014 Shanghai New Energy Auto Show (NEAS) held from November 4th through November 8th, 2014.

Also, unveiled for the first time was a new second generation full-size electric carbon fiber four-door touring sedan automobile with a 85 kWh battery pack and 280 mile (450 km) driving range on a full charge. Both EV models received major attention from attendees and government representatives at the show. The Chinese news media stated that, "the two EV models received a stunning debut!" In fact, the three demonstration electric e-Go EVs that were scheduled to be delivered to the United States after the automotive exhibition will now be held over in China, along with the new four-door touring automobile, for demonstration to the Central Industry Bureau Officers and National Top Leaders visiting Aoxin in December 2014.

The 2014 Shanghai NEAS was a great success for the e-Go and its big brother four-door touring sedan. Both models have carbon fiber bodies on space-age aluminum frames. Some spectators at the show described the touring sedan as looking like a "Maserati on steroids." Please see exhibition pictures at www.2050motors.com/shanghaishow.html. Both demonstration models will be shipped to the United States for showcasing in early 2015.

For further details concerning 2050 Motors' electric drive systems and lithium battery warranties, please see press release dated October 15, 2014 "2050 Motors Announces 10% Equity Sale to China's YMSIG."

money.cnn.com/news/newsfeeds/articles/gl...ewswire/10108966.htm

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ETFM (ZEGG) - 2050 Motors 2 years 11 months ago #1767

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2050 Motors Announces 10% Equity Sale to China's YMSIG

LAS VEGAS, Oct. 15, 2014 (GLOBE NEWSWIRE) -- Today, Michael Hu, President of
2050 Motors, Inc. (OTCQB:ETFM), announced the signing of an MOU to sell ten
percent (10%) of 2050 Motors equity stock to Yancheng Municipal State-Owned
Asset Investment Group, Co. Ltd. (YMSIG), an investment and property
development company founded by the Yancheng Municipal Government. Earlier this
year, YMSIG also purchased Jiangsu Aoxin New Energy Automobile, Co. Ltd.
(Aoxin Automobile) from Dongfeng Motor, Co. Ltd. YMSIG has made major equity
investments in the real estate, finance, engineering, culture, science and
technology industries in the Yancheng, Jiangsu Province.

In 2012, 2050 Motors signed a contract with Aoxin Automobile to exclusively
import and assemble an advanced lightweight carbon fiber five passenger
electric automobile called the e-Go EV. The e-Go electric vehicle (EV) was
developed under a five year program by Dongfeng Motor in conjunction with
Italian automotive engineers. Since 2012, 2050 Motors' engineers have worked
diligently with Aoxin's automotive engineers to design and modify the e-Go for
entrance into the US automobile market.

The purchase by YMSIG of a 10% equity position of 2050 Motors still must be
approved by officials in China. Michael Hu stated, "The signing of the MOU
demonstrates a vote of confidence by YMSIG in 2050 Motors to successfully
launch the sale of the advanced e-Go electric five passenger automobile in the
United States."

The e-Go EV is being built on an all-aluminum lightweight advanced design
frame with an all-carbon-fiber body. Carbon fiber is five times stronger than
steel and one third its weight, which makes the total weight of the e-Go
(including its battery pack) only 1,450 lbs. As a matter of comparison, the
entire weight of the e-Go is approximately one half the weight of competitive
automobiles of other manufacturers such as the Nissan Leaf, BMW i3 and the
Mitsubishi iMiEV; over 2,000 lbs. lighter than the Toyota RAV4 electric; and,
3,200 lbs. lighter than the Tesla Model-S. The e-Go's huge weight reduction
because of the use of carbon fiber and aluminum will make it the most
efficient urban driving vehicle ever offered to the consumer market at an
estimated retail price of less than $35,000 USD before government incentives.

It is planned that the e-Go will be sold with four different battery pack
sizes, offering the customer a variety of driving ranges up to and exceeding
200 miles per charge. The e-Go will also feature two different power drive
systems for customers who require higher performance acceleration. These
features will ensure that the e-Go can match any customer's needs based on
range and acceleration. It is estimated that the high performance package of
the e-Go will be capable of accelerating from 0 to 60 mph in approximately 7
seconds. It is also planned that certain models of the e-Go will be sold with
battery pack warranties equal to those offered by Tesla Motors which are
8-year unlimited mile warranties.

The first demonstration vehicles will arrive to the United States in
approximately six weeks. Also, the factory to mass produce the e-Go is
presently under construction in Yancheng, China under the guidance of Aoxin
Automobile engineers and YMSIG Management. The e-Go must undergo US DOT
required crash test sequences and achieve DOT approval before being permitted
to sell in the United States. However, plans are in the works for the e-Go to
be offered for sale at an earlier date in certain countries in South America
under the guidance and leadership of 2050 Motors.

When the e-Go EV is approved for sale in the United States it will be the
first Chinese carbon fiber automobile to be sold in the USA. 2050 Motors is
already planning an assembly plant for the e-Go in Las Vegas, Nevada and has
been in meetings with the Urban Development Authority of Las Vegas for
potential locations to build such a facility and initially create several
hundred local jobs.

About 2050 Motors, Inc.

2050 Motors, Inc. (www.2050motors.com and www.etfm.com) is a
publicly traded company incorporated in Nevada in 2012. 2050 Motors was
founded to import, market, and sell electric and gas powered vehicles
engineered and designed in China. 2050 Motors also has the rights to assemble
Chinese designed vehicles in the United States as a future enterprise. 2050
Motors has entered into an agreement with Jiangsu Aoxin 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 five 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 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
Tel. (702) 591-6029

www.bloomberg.com/article/2014-10-15/axuHQmKf_z_Q.html


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ZEGG - 2050 Motors Inc. 3 years 4 months ago #1740

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8K out announcing completion of merger.

Info in the 8K included minimum number of cars they need to sell to keep their exclusive license. I found the the sales price per car is expected to be between $22k - $35k from another document found on the web that explained their business plan (it has now been removed from the web). Below, estimates of the possible revenues per year if they met those minimums sales per year:
.
YearMinimum Sales Per Year:
First year2,000
Second year6,000
Third year12,000
Fourth year24,000
Fifth year48,000

If average price per car sold is $28,500, then estimated revenues per year:
.
YearRevenues:
First year$57,000,000
Second year$171,000,000
Third year$342,000,000
Fourth year$684,000,000
Fifth year$1,368,000,000

8K:
www.sec.gov/Archives/edgar/data/867028/0...214001383/form8k.htm

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Last Edit: 3 years 4 months ago by Editor.
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ZEGG - Zegarelli Group International Inc. 3 years 4 months ago #1739

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Zegarelli to Change Name to 2050 Motors, Inc. Reflecting the Business of Distributing the New e-Go EV Electric Vehicle Currently Being Developed by One of the Largest Automobile Manufactures in China

INDIO, Calif., May 5, 2014 (GLOBE NEWSWIRE) -- Zegarelli Group International, Inc. (OTCBB:ZEGG) announced today it has completed the Plan and Agreement of Reorganization with 2050 Motors, Inc. and all of its stockholders ("2050 Motors, whereby Zegarelli has acquired all of the issued and outstanding shares of 2050 Motors common stock in exchange for 24,994,670 shares of Zegarelli common stock, and the 2050 Motors stockholders have become the majority owners of Zegarelli. In conjunction with this announcement, Zegarelli, by the written consent and approval of a majority of its stockholders, took the following actions: (i) change of name to 2050 Motors, Inc., (ii) increase the authorized common stock to 100,000,000 shares and (iii) affect a 1-for-4 reverse stock split. Zegarelli will continue to trade under the stock ticker "ZEGG" until FINRA completes its processing and notice requirements, after which time the stock ticker symbol will change to "ETFM".

2050 Motors, Inc. has an exclusive license, subject to minimum sales requirements, to import, market and sell in the United States, Puerto Rico, the US Territories and Peru, the "e-Go" lightweight carbon fiber all-electric vehicle design and electric light truck, manufactured by Jiangsu Aoxin New Energy Automobile Co., LTD ("Aoxin Automobile") located in the People's Republic of China ("PRC"). Aoxin Automobile is a wholly-owned subsidiary of Dongfeng Motor Corporation ("Dongfeng Motor") which is one of the largest automobile manufacturers in China, producing 3.76 million cars and trucks in 2012. Aoxin Automobile was funded by Dongfeng Motor to develop and manufacture a lightweight, super-efficient, carbon fiber e-Go EV electric car ("e-Go EV").

The e-Go EV is a unique electric vehicle. It will be the only production line electric vehicle with a carbon fiber body manufactured by a new process that uses robotics to produce parts, which significantly reduces the production time and cost of carbon fiber components. The carbon fiber composite material is five times stronger than steel, and one third the weight. The e-Go EV is a five passenger automobile that weighs only 1,450 lbs., including its lithium battery pack.

2050 Motors has purchased three demonstration models of the e-Go EV to be delivered to the US by the Summer of 2014. 2050 Motors expects delivery of production vehicles by the Summer of 2015.

Michael Hu, CEO and President of 2050 Motors stated, "The executive team at 2050 Motors is very pleased that we are now a publicly traded company and we are excited and look forward to bring this important new electric vehicle to customers and dealers in the United States. We are immediately focused on helping our Chinese manufacturer to complete the development of the vehicle and the production line and preparing the vehicles needed to complete the required US crash testing in accordance with US Department of Transportation safety standards."

Statements in this press release about our future expectations, including without limitation, the likelihood that the completion of the acquisition will enable 2050 Motors to leverage the capital markets to execute its growth strategy, and will provide 2050 Motors stockholders an opportunity to be an investor in a company that is well positioned for growth based on the growing need of the public for electric vehicles; the likelihood that 2050 Motors will accelerate its market strategy and will bring significant value to 2050 Motors and Zegarelli's 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: Alfred E. Booth, Jr.
(760)-848-4606
Source: Zegarelli Group International, Inc.

Referenced Stocks: ZEGGD

Read more: www.nasdaq.com/press-release/zegarelli-c...-01080#ixzz30vvMXhEU

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Name change to 2050 Motors, Inc. and 1 for 4 r/s 3 years 4 months ago #1736

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13:03 5/5/2014 ZEGG Zegarelli Group Intl Inc Common Stock ZEGGD 2050 Motors, Inc. Common Stock 1-4 R/S **

www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=ALL&d=05/02/2014
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ZEGG New Directors... 3 years 6 months ago #1732

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The following are descriptions of the background and experience of the new directors, including their principal occupations during the past five years and the name and principal business in which such occupations were carried on.

Michael Hu was a founder of the Company and has been its president and director since 2012. Mr. Hu has accumulated more than 29 years of experience in a broad range of engineering and marketing disciplines. From 1999 to 2011, Mr. Hu was the President of EZ Long Life Company, engineering and investment consultant for various Sino-US related businesses. His responsibilities included, among other things, TVT China marketing; Cluster Solution Inc., which is the sole distributor of Cluster Water in China, Malaysia and Indonesia; Founder of Chile Gold Mine exploration and mining; US Selsam wind turbine patent technology and marketing in China and Xunlight Solar marketing in China.

From 2006 to 2013 Mr. Hu was one of the early investors and consultants of Xunlight, Inc. (previously named MWOE Solar Inc.), which is the manufacturer and leader in the world of the “flexible thin film solar cell.” From 2007 to 2010 he worked with BioTech Research, Inc., in helping to market and promote Algae based bio-diesel technologies to China Petroleum and local governments including cooperating with Excellex, Inc., to work with Chinese local governments. From 2008 to 2013 he was a consultant to Soltech, Inc. (San Bernardino, Calif.), which is in the business of solar panel manufacturing and solar project funding. Mr. Hu was appointed a director of Soltech in 2013. Between 2011 and 2013 Mr. Hu was a China marketing consultant for SPI anti-rusting, heat protecting coating material sales and a consultant for China King Investment Group, working on EB-5 related projects.

From 2009 to 2010 Mr. Hu was Global Green Electric Car Division, Vice President, China Marketing and Cooperation working with Yema Auto and Aoxin Auto to license the technologies and build hybrid and electric vehicles in China for the US market. The 30K / year electric light truck CKD (Complete Kits Down) was to be manufactured in Kentucky, through a project with China Dongfeng Design and Aoxin.

In 1982 Mr. Hu graduated with a B.S. from Construction Machinery Major of Tongji University (first medical school established by Germany in 1907), of Shanghai, China. Mr. Hu studied at California State University Long Beach as a Mechanical Engineering major for the Master Degree program and completed all the requirements of the classes except the graduation thesis for a Mechanical Engineering, MBA.

Bernd Schaefers is a veteran self-made businessman with over 40 years of work in the media industry and over 20 years in the advertising and marketing sector. For the past six (6) years, Mr. Schaefers has been working as a consultant with national and international companies in developing and investing in the DHA Omega-3 Algae Oil Health Products and Alternative Fuel Algae Oil. Mr. Schaefers traveled to Siberian Russia in early 2012 to assess technology for producing fuel from recycled materials and is now engaged in developing a pyrolysis business extracting oil from over 60 million used automobile tires utilizing Russian technology in the State of Kansas. They intend to expand the operations to include algae sequestration of CO2. Mr. Schaefers continues to promote a sustainable economy; he is actively engaged in the support of new green technologies; he is a strong supporter of the carbon fiber industry and he believes in the promising future of electric cars.

Mr. Schaefers founded one of the most successful advertising production companies, Interteam Productions, in the 1970s with offices in Germany, Switzerland, France and Brazil. His client list included Lufthansa, Shell Oil, Polaroid, Reynolds, Audi and Volkswagen. Bernd Schaefers worked directly with Ferdinand Piech, now Chairman of Volkswagen, on the launch of the ‘Audi 5000’ in the United States.

Mr. Schaefers was for many years co-owner of the largest movie production and distribution company in Germany, ‘Constantin Films’, with internationally successful movies like “The Never-Ending Story”, an all-time children favorite, “The Name of the Rose”, with Sean Connery, the James Bond movie “Never Say Never Again”, also with Sean Connery, as the German distribution and financing partner, among many other movies.

Mark Edwards, Ph.D., is a Professor of Strategic Marketing and Sustainability at the Morrison School of Agribusiness and Resource Management, Arizona State University Polytechnic. Mark graduated from the U.S. Naval Academy with a BS in mechanical engineering, oceanography and meteorology. He earned an MBA and PhD in marketing and consumer behavior and has taught strategic marketing, sustainability, leadership and entrepreneurship at Arizona State University since 1978. Mark has published over 100 articles that span business and science disciplines, as well as· 24 books. His industrial experience includes service as a Director for The Greyhound/Armour Corporation, then 27th among the Fortune 500. He also served as marketing director for the Pritikin Longevity Research Institute, where he helped develop the Pritikin diet and lifestyle Program and the Pritikin line of diet and nutritional foods. He also served as marketing director for several hospital lifestyle programs.

Mr. Edwards’ teaching has focused on adding value through sustainability, marketing, customer relationships, organizational leadership and entrepreneurship. His recent work focuses on resolving world hunger and sustainable energy with green solutions. He has taught several interdisciplinary courses in engineering, psychology and sustainable world future. He is well known internationally as an executive trainer, author and innovator of metrics that help people to learn and develop faster, to take actions to improve performance and to grow human capital. His unusual measurement innovations appear in numerous college text books on marketing, management, leadership, talent assessment and executive development as well as Business Week, The Wall Street Journal, Forbes, Financial Times and Fortune Magazine.

Mr. Edwards’ award winning Green Algae Strategy Series focuses on sustainable and affordable food and energy, (SAFE) production. His books are used in colleges, universities and institutes in over 26 countries for courses in biology, botany, biotechnology, environment, sustainability, energy engineering, world future and global hunger. Green Algae Strategy won the 2009 Independent Publisher Gold Medal for “Best Science Book.” Mr. Edwards believes the message of SAFE production is so important that he enables free color PDF downloads of his books for students, faculty and food and energy policy leaders at www.AlgaeCompetition.com. His books are also available on Amazon.com and other retailers.

www.sec.gov/Archives/edgar/data/867028/0...214000657/pre14c.htm

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