AFV Solutions, Inc. (OTCBB:AFVS), has closed a private placement amounting to approximately $4,750,000. “Completion of this private placement gives us the necessary working capital to support our operations for at least the next 24 months,” stated Jeff Groscost, President of AFVS. “With this new capital, we plan to commence hiring additional employees and aggressively seek to expand our operations.”
AFV Solutions also announced a new Southern California showroom, which will be primarily utilized for showcasing its products, including the Electric bus produced by the Wu Zhou Long Motors Group of Shenzhen China, anticipated to be in the showroom by the end of May.
The new 6,000 Sq ft facility will provide Nelson Barba, Head of International Sales, the ability to build a sales force to distribute and sell CNG, LPG and electric hybrid buses under the exclusive agreement between AFV Solutions and Shenzhen Shi Wu Zhou Long Motors. AFVS has an exclusive sales and marketing agreement in Mexico, Peru, India, the Philippines, and most importantly, the United States.
AFV Solutions will be hosting a grand opening at the showroom on June 9th open to the public and local media to view and ride in the company’s buses, electric cars, and 2005 bi-fuel, gasoline and propane, Lincoln town car.
Anyone interested in receiving an invitation to the grand opening may fill out a request on AFVS’s website.
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