Electra Meccanica Engages MZ Group to Lead Strategic Investor Relations and Shareholder Communications Program
VANCOUVER, British Columbia, Sept. 24, 2018 (GLOBE NEWSWIRE) -- Electra Meccanica Vehicles Corp. (NASDAQ: SOLO and SOLOW) (“Electra Meccanica” or the “Company”), a designer and manufacturer of electric vehicles, has engaged investor relations specialists MZ Group (MZ) to manage a comprehensive strategic investor relations and financial communications program across all key markets.
MZ Group will work closely with Electra Meccanica’s management to implement a comprehensive capital markets strategy focused on increasing the Company’s visibility in the investment community. The new campaign will highlight the near-term commercialization of Electra Meccanica’s disruptive, highly-anticipated SOLO electric vehicle.
Drawing on a 59-year history of designing, building and delivering high-end specialty cars, Electra Meccanica has designed the all-electric Electra Meccanica SOLO, a single-seat electric vehicle developed to revolutionize the way people commute, starting at ~$15,500. Following up on the successful completion of 28 pre-production vehicles with the Company’s manufacturing partner, Electra Meccanica seeks to deliver the first mass-produced SOLO’s in Q4 2018. Total preorders of the SOLO stood at 21,988 vehicles as of August 2018.
MZ has a distinguished reputation as a premier resource for institutional investors, brokers, analysts and private investors. The firm has six offices across North America, a strong presence in Asia and Brazil, and maintains extensive relationships with investors throughout Europe. Additionally, MZ Group was recently ranked the No. 1 consultancy in Latin America and No. 7 in the world in business communication.
MZ will be advising Electra Meccanica in all facets of corporate and financial communications, including coordinating roadshows in key cities and growing brand awareness with the financial media.
“We are pleased to engage MZ Group, the world’s largest independent IR firm, and look forward to working with them to bolster our investor relations program,” stated Jerry Kroll, CEO of Electra Meccanica. “MZ has a stellar track record and deep relationships within the investment community, which we believe will enhance our visibility and broaden our shareholder base. We look forward to working closely with the MZ team to achieve our goals.”
Ted Haberfield, President of MZ North America, commented, “MZ Group is looking forward to partnering with Electra Meccanica as they begin the sales ramp of their exciting new SOLO electric vehicle. We believe the Company’s strategy will resonate with our investor contacts, and along with our expertise and execution, will ultimately lead to increased value for Electra Meccanica’s investors.”
About MZ Group
MZ, founded in 1999, combines capital markets intelligence, global investor targeting, IR technology, corporate governance, media and corporate communication and IR consulting, providing comprehensive programs that successfully build and manage shareholder value. With a team of highly experienced senior professionals and an integrated service portfolio, MZ ensures that companies are provided with the right tools and strategies to interact effectively with the investment community and the media, successfully conveying the investment message. MZ's market intelligence, advisory and tactical support activities for investor relations and corporate communications programs are underpinned by a comprehensive IT infrastructure, allowing companies to rapidly achieve global standards of best practices. For more information, please visit www.mzgroup.us.
About Electra Meccanica Vehicles Corp.
Electra Meccanica is a designer and manufacturer of electric vehicles. The Company builds the innovative, all-electric SOLO, a single passenger vehicle developed to revolutionize the way people commute, and is developing the Tofino, an elegant high-performance two seater electric roadster sports car. Both vehicles are designed for the ultimate driving experience while making your commute more efficient, cost-effective and environmentally friendly.
Intermeccanica, a subsidiary of Electra Meccanica, has successfully been building high-end specialty cars for 59 years. The Electra Meccanica family aims to deliver next generation affordable electric vehicles to the masses.
For more information, visit www.electrameccanica.com.
Forward Looking Statements
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
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Released September 24, 2018