Envirotech Vehicles' CEO Exercises Stock Options
Envirotech Vehicles, Inc. (OTCQB:EVTV), a provider of zero-emission electric vehicles, announced that CEO Phillip Oldridge exercised options to purchase 440,000 common shares at $0.2753 each, totaling $121,132, on November 30, 2021. Mr. Oldridge expressed enthusiasm about increasing his ownership and aligning with shareholders during a pivotal growth phase for the company. Envirotech aims to meet the demand for heavy-duty electric vehicles, serving various sectors.
- CEO Phillip Oldridge's purchase of 440,000 shares indicates strong confidence in the company and aligns his interests with shareholders.
- Envirotech's focus on zero-emission vehicles positions it well in the growing electric vehicle market.
- None.
CORONA, CA / ACCESSWIRE / December 1, 2021 / Envirotech Vehicles, Inc. (OTCQB:EVTV), a provider of new zero-emission, purpose-built electric vehicles, announced that Phillip Oldridge, Chief Executive Officer, exercised options to purchase 440,000 common shares ("Common Shares") of the Company at an exercise price of
"I am pleased to increase my ownership position in Envirotech Vehicles and further align myself with our shareholders. We are at an exciting time in our growth, and I look forward to working with our team to continue capturing opportunities that will drive our progress and position Envirotech to benefit from the dramatic growth in the EV industry," commented Mr. Oldridge.
About Envirotech Vehicles
Envirotech Vehicles, Inc. is a provider of purpose-built zero-emission electric vehicles focused on reducing the total cost of vehicle ownership and helping fleet operators unlock the benefits of green technology. We serve commercial and last-mile fleets, school districts, public and private transportation service companies and colleges and universities to meet the increasing demand for heavy duty electric vehicles. Our vehicles address the challenges of traditional fuel price cost instability and local, state and federal environmental regulatory compliance. For more information visit www.EVTVUSA.com.
Cautionary Statement Regarding Forward-Looking Statements
Statements made in this press release that relate to future plans, events, financial results, prospects or performance are forward-looking statements. While they are based on the current expectations and beliefs of management, such forward-looking statements are subject to a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from the expectations expressed in this press release, including the risks and uncertainties disclosed in reports filed by Envirotech Vehicles, Inc. (formerly ADOMANI, Inc.) with the Securities and Exchange Commission, all of which are available online at www.sec.gov. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expected," "believes," "strategy," "opportunity," "anticipated," "outlook," "designed," and similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by law, Envirotech Vehicles undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances or unanticipated events.
Contact Information
IMS Investor Relations
John Nesbett/Jennifer Belodeau
Telephone: 203.972.9200
Email: jnesbett@imsinvestorrelations.com
Envirotech Vehicles
Michael K. Menerey, Chief Financial Officer
Telephone: (951) 407-9860 ext. 1205
Email: mike.m@evtvusa.com
SOURCE: Envirotech Vehicles, Inc.
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