DALLAS, April 6, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring Electric Car Company Inc. (OTCBB:ELCR). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.beaconequity.com/i/ELCR
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Electric Car Company Inc. (ELCR) is focused on providing 100% electric vehicle and powertrain technologies. In August 2009, the Company announced the completion of its acquisitions of Imperial Coachworks Inc. and Plug-In Motors Inc.
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In the report, the analyst notes:
"ELCR, a vehicle conversion company that specializes in electric conversions and manufacturing for the Livery and Fleet Markets, recently announced 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.
"The Company reduced 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."
To read the entire report visit: http://www.beaconequity.com/i/ELCR
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