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LAS VEGAS, NV, Sept. 17, 2019 (GLOBE NEWSWIRE) -- Empire Post Media, Inc. (OTC Markets: EMPM), a Nevada corporation, which is a fully reporting issuer with the Securities and Exchange Commission, is pleased to announce plans to implement a new change in direction of its management team and entry of its core business focus in the electric vehicle industry.
The Company has appointed a new management team which is headed by Ian N. Dixon, 57, of Las Vegas, NV, serving as President and Director with the primary responsibility to oversee the day-to-day operations and future growth endeavors to make this company a great success. William A. Sawyer, 71, of Frisco, TX will be the Chief Executive Officer and Director. Mr. Sawyer has over 40 years of extensive knowledge in the private and public markets having served as President and Director of Lucas Energy, Inc., a Nasdaq listed company.
Mr. Dixon, states…”We are excited to be entering into the electric vehicle market, both on road and off road. The Company has put together a strong management team and is already working towards making material advancements with its new core business. Our website, www.SaeanEVMotors.com, will be active in the next seven to ten days. At the current time, the Company will make operate under the name Saean EV Motors, Inc. through a Dba filing until appropriate filings have been approved by the Securities and Exchange Commission and FINRA allowing it to officially change the name of the Company.”
As part of the Company’s entry into the electric automotive industry, the Company has initial plans on developing an efficient and cost-effective program to retrofit existing gas-powered automobiles (e.g. internal combustion engine or “ICE”) to become a full “Electric Vehicle” (“EV”) using a DC brushless motor powered by lithium cobalt batteries and other required supporting parts. Additionally, the Company is currently in negotiations to purchase new state of the art shell vehicles with no engines from overseas and domestic suppliers, and installing similar electric motors, batteries, and equipment as described above. The Company believes that there is a market for both retrofitted formally ICE vehicles and unused shell vehicles (Fully Electric) at a lower cost than traditional brands.
The Company’s mission is to remove one gas user at a time and in the process turn them green for life.
Disclaimer Regarding Forward Looking Statements
Certain statements that we make may constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions, demand for and pricing of our products, acquisitions and divestitures, anticipated results of litigation and regulatory developments or general economic conditions. In addition, words such as “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates,” “projects,” “forecasts,” and future or conditional verbs such as “will,” “may,” “could,” “should,” and “would,” as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements. We caution investors not to rely unduly on any forward-looking statements.
Empire Post Media, Inc.
Las Vegas, Nevada