10.11.2010 13:00:00

Green Automotive CEO Hosts Investor Teleconference

Green Automotive Company Corporation (Pink Sheets: GACR) announced today that the Company’s new Chairman & CEO, Daniel J. Elliott will conduct an investor conference call on Thursday, November 11th 2010 at 4pm EST.

The call format will feature a detailed Power Point presentation, with Dan Elliott providing commentary to introduce shareholders, institutional investment firms and broker dealers to the Company’s executive committee, expanded board of directors and advisory board members. A segment of the information will reiterate and expand on the credentials and capabilities of the Green Automotive executive team, with Dan discussing why he is confident that the management team now has the requisite industry specific experience, governmental and regulatory relationships and financial relationships necessary to accelerate its business plan and become a significant player in the electronic vehicle market space in North America.

Mr. Elliott will recap the highlights of the recent meeting held in China with Zotye where Dan Elliott, CEO, Steve Aust, President, and Ben Rainwater, Director, as new members of the Green Automotive management, were able to get acquainted with the Zotye executive group and negotiate the definitive terms of a long term distribution agreement. Thursday’s call may also reveal how management’s visit to China was productive in other respects which will likely yield significant opportunity for the Company as it moves forward and explores the possibility of expanding its relationship with Zotye.

Highlights of the Company’s plan for the next two quarters will be outlined along with what management regards as milestones. During a segment of the call, Dan will respond to questions submitted by call participants – in advance via email. All interested parties are invited to attend.

In order to participate in the call, please be advised of the following:

TO CONNECT TO THE CALL

  1. Call 800.977.8002 (for international calls dial 404.920.6650).
  2. The Participant Code is 343744#

TO VIEW THE POWER POINT PRESENTATION, WHILE LISTENING TO THE CALL

  1. Click on the following link: https://webconf1.conferencedownload.com
  2. A screen will appear.
  3. Enter the Conference Dial in Number as follows: 8009778002
  4. Enter the Participant Code: 343744#
  5. Enter your name.
  6. Click on the "Join” button.

If you have a particular question for Mr. Elliott, please email questions in advance to delliott@usaelectricauto.com.

Mr. Elliott was the previous CEO of Phoenix Motorcars, Inc., one of the early entrants in the Electric Vehicle segment of the U.S. automotive industry. While with Phoenix Motorcars Mr. Elliott generated private equity investments in excess of $35million, created a management team of nationally recognized automotive professionals, developed 10 fully functional prototype vehicles. When Mr. Elliott left Phoenix Motorcars in 2009, the company had a $40 million backlog of vehicle orders from public and private fleet operators, including NASA, PG&E, the U.S. Department of Corrections, the State of California, Maui Electric Corporation, the U.S. Military/TARDEC, and many other public and private fleets.

About Green Automotive Company Inc.: Green Automotive Company is U.S. public company and the exclusive importer/distributor of Zotye Electric Cars/SUV’s to North America. The company’s shares are traded on the Pink Sheets under the symbol (GACR).

For More Info visit www.usaelectricauto.com or write to; info@usaelectricauto.com

Safe Harbor Statement - This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Green Automotive Company Inc. does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.

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