From the new RECAP, at Creative Consultations International
-Presents an Emerging Company- RE
brokerrelatiopns.com( Printed with permission by Chuck PR)
American Electric Automobile Company, Incorporated
(AEAM)
 Government environmental legislation and dwindling natural resources demand Electric Passenger Vehicles (EV's).
 Operating and maintenance costs of about 1.5 cents per mile serve as a strong incentive for new car buyers.
 American Electric Automobile's technological innovations and production methods have for the first time addressed the broad market for EV's by achieving a price range that makes economic sense.
 AEAM brings the product out of the luxury market and into a price range attractive to a large segment of the population.
 Joint Venture with China Electric Auto, Ltd. To manufacture and distribute EV'S in China provides access to a huge market.
 Retail/Fleet Sales of EV's to be based in San Diego spearheading the California zero-emission vehicle mandate.
Key Facts
Business: Specialist in the manufacture and distribution of Electric Passenger Vehicles
Listed: Pink Sheet
Symbol: (AEAM)
52 week range: High $0.50 Low $0.10
Shares Out: 7,439,600
Approx. Float: 3,858,000
Market Cap: $7,500,000
Overview
The Clean Air Act Amendments of 1990, the National Energy Policy of 1992, and Executive Order 12844 which accelerate the alternative fuel purchases by the federal fleet set the stage for an extensive development in alternative fuel and zero emissions vehicles.
California, alone has mandated the provision that major automakers produce 10% Zero-Emission Vehicles (ZEV) by 2003.
Countries such as China have recognized the immediacy for Electric Vehicles mandating that 100,000 of the 1 Million vehicles purchased between now and 2010. Additionally, China has outlined a goal that the government would purchase 20% of their business fleet as Electronic Vehicles (EV's).
American Electric Automobile Company has developed a clear outline of the opportunities and strategies for capitalizing on the developing of zero emission and super low emission vehicles.
The vehicles are economically priced in the $16,000 to $22,000 range. The standard bodies and off-the-shelf motors would be combined with a custom proprietary computerized electric drive controller. Overall, the Company could provide the superior driving experience achieved through a stylish, functional and economic approach to the EV market.
American Electric Automobile is a marketing driven company. Technology has been used to achieve performance but design has been used to develop a concept that will be attractive to the market on many levels. Their cars appeal to consumers that are interested in supporting “Green Products”, that provide low operating costs, and design concepts that appeal to the 25 to 35 year old driver as well as a mature adult.
History
American Electric Automobile Company, Incorporated was chartered May 6, 1996 as a Delaware Corporation. On October 17, 1996, the Company purchased the assets and business of the San Diego Electric Automobile Company, which had been successfully converting automobiles to electric power since 1989.
Earlier, the company acquired all of the outstanding stock of the California Electric Automobile Company June 15, 1996.
The Company is currently forty-five percent owner of a joint venture, American Electric Automobile Company (Asia), Inc. or “EVASIA”, which is developing the EV market strategy for Asia. EVASIA signed a contract with an electric vehicle corporation in the Guangdong Province of China, Guangdong Vick Wei Electric Vehicle CP. Ltd.
The EVASIA joint venture will receive a share of profits of the vehicles sold in China. EVASIA also has the rights to market the vehicles outside of and Company will receive a share of profits of the vehicles sold in China and has the rights to market the vehicles outside of China. The Company also has the exclusive rights to market the vehicles in North and South America.
Business and Products
American Electric Automobile Company, Incorporated will produce three specific categories; SUV, Retrofits and Compacts.
This first model is currently completing its certification testing at China's National EV Testing The SPUV Pickup has a four-door cap and a pickup tail. EVASIA is currently negotiating relationships to provide for the production of its automobiles in China. The SUV and SPUV Pickup are full sized by U.S. standards and will be priced in the $22,000 range.
One of the most popular vehicles ever sold in the U.S. was the VW Beetle. The 1970's design is still being produced in Mexico and while the gas version can not be imported, the company is working to market an EV version of this classic VM model. In the compact category, the Company will produce a 2-door and 4-door model based upon the Hyundai Accent or equivalent model to be determined. With the completion of its current round of financing the Company will begin factory production of two of its vehicles. The vehicles will be priced in the $17,000 to $19,000 range.
Market
The Company has chosen the DC technology; standard components and fine-tuned the controller to achieve the range and driving performance desired and an affordable price.
Most manufacturers have chosen the more expensive A/C technology with stated future prices near the $35,000 range. The strategy allows the company to bring a vehicle to market at a significantly lower price than the other currently available models.
Management
Dr. Edward F. Meyers has been the Chairman and Director of the Company since 1996 while also residing as President of California Electric Automobile Company since 1995. Mr. Meyers was a Director of William Lyon College in San Diego and Treasurer/Trustee of Beacon College in Washington D.C. between 1981 and 1983.
Gary G. DeGano is the President, CEO and Director of the company since August 1997. Mr. DeGano has been the President of Incremental Data since March of 1997. Between 1995 and 1996 he directed the investor relations for Exten Ventures, a public company. From 1986 to 1994, he was President and CEO of Sun Harbor Financial Resources, a publicly traded full service mortgage banking firm, which he cofounded.
Dr. Gary L. Jackson has been Vice President of Research since December 6, 1999. Between December 5, 1996 and December 6, 1999 he was a Director of the Company. He received his Ph.D. from the University of Arizona in 1977 in Electrical Engineering with a Physics minor and since that time has been employed by General Atomics, San Diego, CA. He has made numerous contributions to the international fusion effort, particularly in the areas of plasma wall interactions and tokamak operations. Jackson has been active in the field of electric vehicles for 27 years beginning with the construction of his first electric vehicle in 1969. Dr. Jackson is committed to electric vehicles and their implementation in America's transportation infrastructure.
Financial Status
AEAM is a Development stage company with nominal revenues to date. The company has no long-term debt. A full form 10 is filed and pending with the SEC.
Suitability
American Electric Automobiles Company, Inc. is on the forward edge for the manufacturing and retail sales of Electronic Passenger Vehicles and gasoline conversions due to the:
 Proven ability to manufacture EV's and convert gasoline powered vehicles.
 First EV manufacturer to achieve a price target that meets the needs of a large number of consumers.
 Growing concern for government environmental regulation
Contact
For additional information, contact John King, Managing Director of Creative Consultants International at
888-353-5210 E-mail cci@vcnet.com
Website at www.brokerrelations.com or American Electric Automobile web site aeaci.com
Chucka-see Sec Disclosure as Promoter in PR: CCI a/c AEAM:Pink
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