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SmallCapNewsRelease:(OTCBB: LMCO) Enters Into LOI for 1,000 Electric Vehicles


JERICHO, NY—(SmallCapNewsRelease)—December 6, 2011, Li-ion Motors, Corp. (OTCBB: LMCO) has announced today that they have entered into a Letter of Intent (LOI) to convert 1,000 vehicles from gas to all lithium electric, with the capability of highway speeds and a range of 120 miles.
Li-ion Motors has already successfully converted a Pontiac Vibe, PT Cruiser, Mini Cooper, Toyota Yaris and a Smart Car to all lithium electric. The LOI calls for the conversion of two Ford Explorers within 120 days before production of the 1,000 vehicles commence.
Li-ion, formed in 2000, has pioneered the advanced development of lithium ion battery technology. With nearly a decade of research and development, the Company has been converting internal combustion cars to all electric all along and is poised for significant growth moving forward.
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SmallCapNewsRelease automotive industry movers on the day are General Motors Co (NYSE: GM) Ford Motor Co (NYSE: F) Toyota Motor Corp (NYSE: TM) Nissan Motor Co (OTC: NSANY) Honda Motors (NYSE: HMC) Tesla Motors (NASDAQ: TSLA) Tata Motors Limited (NYSE: TTM) and Volkswagen AG (OTC: VLKAY)
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