eCarfly, Inc. Begins Preliminary Merger Negotiations with a High Yielding Corporation
DALLAS, Nov 22, 2006 (BUSINESS WIRE) -- eCarfly, Inc. (Pink Sheets: ECFL)
excitingly announced today that new merger plans are underway. Merger
negotiations, although still early, seem to be clearly defined and agreed upon
by both companies. Attorneys for both groups will begin the Due Diligence
process as early as possible working to gather all information to help in the
high level negotiation process. Board members for ECFL will also be looking at a
possible reverse split with numbers reaching as high as 500 to 1. Company
officials for both teams have expressed their excitement for the public and look
forward to sharing the new business venture with all shareholders.
Desmond Milligan, CEO of eCarfly, stated, "Just a few days ago, I was saddened that the merger had fallen through with CompleteAuto and eAutoDrop. Now, I am completely overwhelmed knowing that ECFL has this golden opportunity to re-surface by possibly merging with a company that will create a safe haven for our investors. Saying this, I want the investors of ECFL to understand that my position with the company has always been focused on building a corporation that will create jobs and earn profits allowing investors the opportunity to share in the rewards while never jeopardizing our integrity."
About eCarfly, Inc.
eCarfly, Inc. has closed the Chicago Office and the Plano Office. The corporate office is being re-located to a new area in Dallas, TX and should re-open in the next couple of weeks. The new address and telephone number will be released to the public when the move is completed.
eCarfly provided individuals and automotive dealers a hassle-free and cost-effective alternative to sell their vehicles while reducing to zero traditional costs associated with the vehicle sales process!
eCarfly is currently focusing on new business ventures that will allow for new opportunities for shareholders.
SOURCE: eCarfly, Inc.
CONTACT: eCarfly, Inc., Dallas
Desmond Milligan, 877-322-7359
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