LOS ANGELES, June 9, 2008 (PRIME NEWSWIRE) -- Pro Motors Group Corp. (Pink Sheets:PMGU) (www.ProMotorsBid.com) announced today its purchase of a 2006 standard Ford Fusion for the purpose of displaying the advantages of hydrogen fuel technology. This cost-effective and environmentally-conscious technology will increase the vehicle's fuel efficiency by 30-100%.
Pro Motors Group plans to equip the Ford Fusion with a hydrogen fuel unit and conduct various performance-based tests. The results of these tests will be available to the public. Demonstration of the hydrogen fuel unit is scheduled to begin early 3rd Quarter, 2008.
About Pro Motors Group Corp.
Pro Motors Group Corp. is one of the first publicly traded Mega Public Auto Auction and Complete Dealerships in the nation. Unlike traditional Dealerships, Pro Motors Group's selling method is PUBLIC BIDDING that can be done NATIONWIDE, 24 hours a day, 7 days a week, online at http://www.ProMotorsBid.com or in person at their Southern California location. "You Bid, You Save, Everyday!" Pro Motors Group prides itself on customer service and satisfaction; all vehicles get a 68 point ASE inspection and offer a 5 year/100,000 mile extended warranty. Pro Motors specializes in vehicles priced $10,000 or less. Unlike most online auction services, at Pro Motors Group, the public is not bidding on high risk third-party private vehicles. Alternatively, it is one of the first publicly traded companies to start prices low in an auction style public bidding platform that allows the prices to then be set by the public. Pro Motors Group plans to expand from Southern California by placing dealerships throughout the U.S., adding to the services provided by the Nationwide Online Auctions and Nationwide Delivery. This puts their company well into the $370 billion pre-owned automotive' industry.
Safe Harbor Statement -- Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. Additional risks and uncertainties are set forth in the Company's Annual Report on Form 10-KSB for the year ended December 31, 2005, the Company's Quarterly Report on Form 10-QSB for the first quarter ended March 31, 2006. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.