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TOPIC: ETFM (ZEGG) - 2050 Motors Inc.

PRE14C released after market close... 5 years 1 month ago #1731

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Much more info about 2050 operations...

2050 Motors Business Operations

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 Peoples Republic of China (“PRC”). Aoxin Automobile is a wholly-owned subsidiary of Dongfeng Motors Corporation (“Dongfeng Motor”) which is one of the largest automobile manufacturers in China, producing over 3.2 million cars and trucks in 2013. Aoxin Automobile was funded by Dongfeng Motors and the State Development & Investment Corporation in the PRC (“SDIC”) 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 concept 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 exclusive license contract between 2050 Motors and Aoxin Automobile requires that 2050 Motors complete US crash testing according to US Department of Transportation (“DOT”) safety standards. 2050 Motors has entered into negotiations with Calspan Corporation (‘Calspan”) which is the leader in overlap crash test procedures. Calspan is committed to the evolution of safety in the air and on the ground, and has assisted in developing new aircraft; training world-class test pilots; performing ground-breaking automobile accident research; and contributing to safety innovations on the ground and in the air over its 70-year history. Calspan has performed over 40,000 sled test operations for aircraft and 2,500 full-scale crash tests conducted on behalf of the DOT. It’s important to note that one of the three demonstration vehicles that will be shipped to the United States by June 2014 will be used to evaluate this overlap crash test at Calspan’s facilities during the summer of 2014. This will be a definitive evaluation of the effectiveness of the design modifications incorporated into the e-Go EV vehicle. There is no assurance that the e-Go EV will pass this crash test in June 2014 or at any other time.

2050 Motors intends to eventually crash test eight (8) e-Go EV vehicles by the end of 2014. However, before this is done, design of the airbags must also be completed by Aoxin Automobile. Aoxin is currently designing an airbag system for the e-Go EV however 2050 Motors cannot predict at this time whether the airbag system will suffice for the US market and/or may require additional airbags for successful crash testing. In addition, Aoxin has stated that the e-Go EV will be equipped with DOT approved parts and equipment; these are, windshield, tires, breaking system, etc. 2050 Motors does not know at the present time if all the equipment on the e-Go EV will be DOT compliant, and 2050 Motors may or may not have to re-equip the parts, if any, either in China or the United States.

During the year 2013, both the engineers in the United States and in China collaborated on many aspects of the e-Go EV to meet or surpass the US standards. These modifications have been incorporated into the e-Go EV. One of these modifications was to specifically address a new crash test which is not yet required in the United States. This test, created by the leading insurance industry group IIHS, is called the overlap test which insurance companies are trying to adopt into the standard automobile crash test program. The crash test consists of a vehicle to be submitted under new safety standards for front-end collisions in which 25% of the front end, on the driver’s side, strikes a 5-foot-tall barrier at 40 mph. The overlap test has proven to be very difficult for present automobiles on the road to pass. In fact, thirteen automobiles produced by the top end manufacturers such as Mercedes, Audi, etc., have either failed or done very poorly in this crash test sequence.

2050 Motors intends to import all vehicles completely assembled and produced in China from Aoxin Automobile. 2050 Motors will market the e-Go EV vehicles in designated markets and is not expected to need any raw materials, components or equipment, except spare parts which will be supplied by Aoxin Automobile. However, the e-Go EV and all of its parts and equipment must be DOT approved. In fact, after the demonstration vehicles are delivered to the USA, some of the existing parts of the e-Go EV may not meet DOT specifications. Aoxin Automobile has made every effort to build the e-Go EV according to American standards. However, there is no certainty that all the parts will be DOT approved. 2050 Motors may elect to secure replacement parts here in the USA or in China for installation either in the United States or in China, if required.

2050 Motors intends to initially sell the e-Go EV to a network of customers primarily in the Las Vegas, Nevada area. 2050 Motors plans to establish a service and parts center, which would be separate from the Showroom. The Showroom facility will be at an area with high volume of people in Las Vegas, were visitors to the city can directly view the e-Go EV. 2050 Motors may also elect to sell the e-Go EV at selected distributors in the Las Vegas Area, which have already provided letters of interest to sell our vehicles. 2050 Motors’ initial plan is not to sell the vehicle outside of the Las Vegas vicinity, consisting of an area within a radius of 100 miles. This is the Company’s current marketing plan in order to effectively market to and support people that work in Las Vegas and/or live in Las Vegas, which in Las Vegas metro area the population equals 1.9 million.

2050 Motors is a development stage company with no operating history and may never be able to carry out our business plan or achieve any revenues or profitability. 2050 Motors was established in October 2012 and it has not generated any revenues nor have we realized a profit from our operations to date, and there is little likelihood that we will generate any revenues or realize any profits in the short term. Any profitability in the future from its business will be dependent upon the successful marketing and sales of the e-Go EV. 2050 Motors may not be able to successfully carry out its business plan. There can be no assurance that it will ever achieve any revenues or profitability. Accordingly, its prospects must be considered in light of the risks, expenses, and difficulties frequently encountered in establishing a new business, especially one in the automobile industry, and therefore it is a highly speculative venture involving significant financial risk.

We are completely dependent on Aoxin Automobile to supply us with the e-Go EV and other trucks and automobiles and parts and components thereto. The inability of Aoxin Automobile to continue to deliver, or their refusal to deliver such vehicles and parts at prices and volumes acceptable to us would have a material adverse effect on our business, prospects and operating results. Changes in business conditions, wars, governmental changes, and other factors beyond our control or which we do not presently anticipate, could also affect Aoxin Automobile’s ability to deliver vehicles and/or parts on a timely basis and cause material adverse consequences to 2050 Motors.

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

I OWN SHARES IN ZEGG PURCHASED IN THE OPEN MARKET.
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10K filed, one new comment about the merger... 5 years 1 month ago #1729

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The 10K includes this information about the CEO selling a portion of his stock to a "non-affiliated third party" after the merger has been closed.

On January 23, 2014, Alfred E. Booth, Jr., the Company’s president, and two other of the Company’s stockholders (collectively, the “Sellers”) entered into a Stock Purchase Agreement (the “Agreement”) with a non-affiliated third party (the “Buyer”). The Agreement provides for the Sellers’ to sell a total of 2,894,860 post-split shares of Zegarelli common stock, representing approximately less than 10% of the 30,557,929 shares of Zegarelli common stock to be issued and outstanding after the acquisition of 2050 Motors, to the Buyer for a total of $130,000 cash. The sale of the shares is subject to. Closing of the Agreement is subject to satisfaction on or before March 31, 2014 (unless extended by the parties) of certain conditions precedent to closing, including the close of the 2050 Motors acquisition.

www.sec.gov/Archives/edgar/data/867028/0...4000607/form10-k.htm

I OWN SHARES IN ZEGG PURCHASED IN THE OPEN MARKET.
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ZEGG - Zegarelli Group International Inc. 5 years 1 month ago #1728

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Appears they have been working on this for awhile ... the 2050 Corporation was registered in NV on 10/09/2012...

ILO 12-13

Action Type: Articles of Incorporation
Document Number: 20120691583-47
# of Pages: 1
File Date: 10/9/2012
Effective Date:
Initial Stock Value: Par Value Shares: 1,000,000 Value: $ 0.001 No Par Value Shares: 0
Total Authorized Capital: $ 1,000.00


nvsos.gov/SOSEntitySearch/corpActions.as...e=2050+MOTORS%2c+INC.

I OWN SHARES IN ZEGG PURCHASED IN THE OPEN MARKET.
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ZEGG chart since reverse merger announced... 5 years 1 month ago #1727

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ZEGG daily chart. The stock closed 2/4/14 at $0.017. The reverse merger was announced 2/5/14, trading over 1mil shares, closing at $0.06 with a high of $0.09. It hit a high of $0.45 on 2/21/14, up 2,547%.



I OWN SHARES IN ZEGG PURCHASED IN THE OPEN MARKET.
Last Edit: 5 years 1 month ago by Editor.
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Dongfeng Motor Corp... 5 years 2 months ago #1723

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Dongfeng Motor Corporation, the company that manufactures the car that 2050 Motors will sell, is ranked No.146 among Fortune Global Top 500. Previously ranked No.16 among top 500 Chinese enterprises, and ranked No.3 among top 500 Chinese manufacturers.

From the 2050 Website: 2050 Motors is an American company that will sell the first carbon fiber production all-electric car in the United States. The e-Go EV has outstanding aspects:
  • It is the lightest electrical automobile ever built by a factor of two;
  • It's the most durable production vehicle ever built;
  • It's the most efficient production vehicle ever built;
  • It will be the only vehicle to enter the market at a reasonable price so that all consumers can enjoy this truly remarkable advanced automobile.

money.cnn.com/magazines/fortune/global50...st/?iid=G500_sp_full
www.dfmc.com.cn/info/introduce_en.aspx
2050motors.com/index.html

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Reverse Merger with 5 years 2 months ago #1722

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Link to a PDF that is an overview of the business.

bccsystem.com/2050motor/2050%20Motors%20...e%20Presentation.pdf

EDIT: I just noticed that they removed this business plan from the website.

I OWN SHARES IN ZEGG PURCHASED IN THE OPEN MARKET.
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