Gulf Coast Automotive Fund A-1
Capital Wealth Holdings Limited, a British Virgin Island company, is authorized to be the exclusive placement agent for Gulf Coast Automotive Fund A-1. The Fund will invest all of the proceeds of this offering in GreenTech Automotive preferred stock. GreenTech Automotive will invest the funds it receives, along with substantial funds from other sources, in designing, building and operating an automotive plant, which builds a new line of vehicles with reduced fuel consumption and emission.
GreenTech Automotive was incorporated in Mississippi, U.S. in 2008 to engage in the development, production, marketing, and financing of energy-efficient and environmentally friendly vehicles. Its main operations will be based in Mississippi, a right-to-work state, on a mega-site of approximately 3,500 acres, or 14.2 km2, with convenient access to major transportation systems. The targeted full production capacity is one million vehicles per year, with four production lines: compact cars, midsize cars, full sized cars, and SUVs. Each production line will have different models depending on the market demand. GreenTech Automotivewill start production by the end of 2011 or the beginning of 2012 and reach full production capacity of one million vehicles by 2015. With full production, GreenTech Automotive will hire approximately 25,000 employees, realize annual revenues of up to $33 billion and have an average operating margin of approximately 8%. If full production of one million vehicles is realized, the Mississippi facility will be one of the largest automobile manufacturing plants in the world.
