Electric Moto Corporation (PINKSHEETS: EMOT), a developer of state-of-the-art electric vehicles, announced today that it has begun conversations with government and industry leaders in the Dominican Republic regarding the manufacture and sales of its vehicles.
"The recent spike in the cost of fuel oil and gasoline has had a profoundly negative impact upon the economic development of many countries," noted Robert Lancellotti, Chairman of the Board of Electric Moto. "The progress that has been made in recent years in bringing manufacturing and service jobs to the Dominican Republic, in developing eco-tourism resorts and other industries, is threatened by the skyrocketing costs of fuel."
Electric Moto's likely expansion of its product line -- from dual-sport electric motorcycles, to three-wheel and four-wheel electric vehicles of several types, as well as electric watercraft -- provides a wide range of applications, from personal use, to commercial and industrial, and to governmental and military.
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