The Interview West Cars

company listed on to the Amex market as fast as is humanly possible. We have a great story, a fantastic management team and are in one of the most dynamic and exciting sectors that we want to share this ride with more people and the Amex enables us to tap into a much larger investor community.

Liberty Electric Cars is a state-of-the-art vehicle design, engineering and manufacturing company,

driving innovation in the use of leading edge zero and low emission technologies to satisfy growing demand for environmentally friendly transport solutions around the world.

Q

Were there any challenges that needed to be overcome?

As with all deals that involve the US and “SEC/FINRA” there are a myriad of rules and lots of red-tape that have to be complied with. There is also the small matter of culture and competing ego’s. As Bernard Shaw said "we

are two nations divided by a common language". One major challenge was the time difference with GACR; it being a Californian based business meant they were always eight hours behind us. This often meant that it would take three days to do what we would normally expect to do in a day in Europe. What our colleagues in the US do bring to the table is a wealth of knowledge in running OTC listed businesses and we are quickly learning what this entails.

Q

What is the future for Liberty Electric Cars now it has been

acquired?

The future for Liberty Electric Cars is extremely positive. Unfortunately there are a lot of companies out there that have built elec- tric vehicles and assumed that customers will naturally just buy their product regardless of price and performance. A lot of these businesses are either running out of funds or are going bust and this helps us with our major consolidation and acquisition drive. We selectively cherry pick the best products and ideas and generally have five to ten deals on the go at any point in time.

We are currently raising additional funds, in both US and Europe, to enable us to continue on our stellar growth path. Our plan is to grow one of the most profitable Electric Vehicle companies in the world and we are still on track to do this. We are always on the look out for more automotive partners and investors who want to join forces with us.

Liberty Electric Cars is a state-of-the-art vehicle design, engineering and manufacturing company, driving innovation in the use of leading edge zero and low emission technologies to satisfy growing

demand for environmentally friendly transport solutions around the world.

Q

2011 saw global economic turmoil; do you think this has impacted on your 2012 strategy?

As highlighted above, we are on a major consolidation and acquisition drive. The 2011 turmoil helped us a lot because the sad demise and collapse of MODEC gave birth to our first revenues via LEC2 Limited. We secured a substantial contract with Navistar (a $15bn US truck manufacturer) and managed to bring the brains, heart and soul of Modec across to our new subsidiary. This company has gone from strength to strength and is engaged in two major projects (see previous page).

Q

Is there anything else you would like to mention?

I suppose our biggest headache to date is the loss of the old fashioned bank manger who had the power to make lending decisions. Most of the time we are fighting credit risk departments who will only lend if they can see multiple tangible fixed assets to secure funds against. This is what ultimately forced us to look to US and the GACR i.e. new sources of funding.

Contact:

Darren West Liberty Electric Cars

Tel: 07773 805241 Email: darren.west@liberty-ecars.com