DANA POINT, CA – August 15, 2011 – (Motor Sports Newswire) – ePunk, Inc., (PINK SHEETS:PUNK.pk) a company specializing in the distribution of on and off-road vehicles, parts and accessories, is pleased to announce the opening of its first retail location in Dana Point, a prominent area of Orange County, California.

PCH Rides (Pacific Coast Highway Rides) is optimally located in a historic building on the Pacific Coast Highway in the high traffic district of Dana Point, California. With no current competition in the vicinity, the store intends to capitalize on exposure to roughly 55,000 commuters per day as well as prolific foot traffic from tourists and residents.

Jesse Gonzales, President and CEO of ePunk, Inc. said this of the new location, “Considering that, heretofore, we have been primarily an Internet based sales company, this location is a great opportunity for us to have a home base for operations.  Known for its high tourist visitation and affluent community, Dana Point is the perfect place for PCH Rides to sell its selection of high-end recreational vehicles such as eco-friendly gas powered bikes and scooters, including a line of BMS scooters customized specifically for this higher-end market; as well as electric and non-electric bicycles.  Also, with thousands of beach city tourists every year, PCH Rides offers rentals of these boutique vehicles to capture customers among short-term visitors and tourists.”

PCH Rides also offers a specialized array of inventory with a self dedicated e-commerce website to support its local mission via www.PCHRides.com. An aggressive social media campaign has begun branding the new location and product line within the community of Dana Point as well as Southern California city culture.

In addition to the retail business, which is estimated to net over 1 million in revenue in the first 12 months of operation, PCH Rides stands to serve as corporate headquarters for ePunk, Inc. and its various businesses, www.CountyImports.com, www.CountyCruisers.com, www.CountyImportParts.com, www.ViperSportUSA.com, www.BidPunk.com and coming soon www.PCHRides.com.

About ePunk:

ePunk, Inc. is a conglomerate of six businesses: www.BidPunk.com, www.CountyImports.com, www.CountyImportParts.com, www.CountyCruisers.com, www.ViperSportUSA.com and most recently, PCH Rides.

Capitalizing on its vast network of distributor and dealer contacts, ePunk has leveraged it relationships to uniquely target different demands within the industry via individual businesses, each serving a specific niche with carefully selected products and branding specific to that market.

The automatic fulfillment system that made CountyImports.com a success in a matter of months has been expanded to help each business focus on marketing, customer service and quality guarantee, rather than the costly labor of managing of inventory, shipping and handling.

By using this automated fulfillment system for each e-commerce website, ePunk has been able to eliminate overlap in overhead costs to allow each business to focus specifically on increasing sales and revenue.

Through various relationships with foreign manufacturers, ePunk is bringing to market several unique and affordable products that the competition is unable to match, both in quality and price.  While years of expedited fulfillment on a vast array of competitively priced products has built the company a large customer base, these imported products stand to make ePunk a market leader within this industry.

Most recently, ePunk, Inc. opened its first physical retail location in Dana Point, California called PCH Rides.  The retail store offers a wide selection of boutique products, available for sale or rent and specifically designed for a higher-end market and strategically placed in area with no current competition.  The location will also serve as corporate headquarters for ePunk, Inc. and its various businesses.

Forward-Looking Statements

This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law. There is no assurance that a definitive agreement will be completed.

CONTACT:
OTC IR Solutions
Tyler Grant
(603) 635-4914

SOURCE: ePunk, Inc.

####

JINHUA, CHINA – July 19, 2011 – (Motor Sports Newswire) – Kandi Technologies, Corp. (NASDAQ: KNDI), today announced it has received authorization from its board of directors for a share repurchase program under which the Company may acquire up to $5 million of Kandi’s outstanding common shares from time to time over the next 18 months.

The board of directors for China’s leading supplier of off-road vehicles and developer of pure electric vehicles (EV) approved the buyback program at its most recent meeting. Kandi Technologies said the buyback authorization allows the Company to purchase common stock in open-market transactions in compliance with applicable federal securities regulations, including Rule 10b-18, over the next 18 months. Kandi Technologies reported 27,433,934 shares of voting common stock outstanding as of March 25, 2011. Any repurchases of Kandi shares will be made on the open market at prevailing market prices or in block trades and subject to market restrictions and market conditions relating to volume, price and timing. Kandi Technologies plans to fund repurchases from its available cash balance.

“This decision reflects the board’s confidence in the underlying value of Kandi Technologies,” said Mr. Xiaoming Hu, CEO and Chairman of the Board of Kandi Technologies. “We believe our recent electric vehicle partnerships and ‘Express Change’ technology, coupled with our legacy off-road vehicle success, indicate a higher value for Kandi than is currently reflected in our share price.”

About Kandi Technologies, Corp.
Kandi Technologies, Corp. (NASDAQ: KNDI) is a manufacturer and exporter of a variety of vehicles in China, making it a world leader in the production of popular off-road vehicles (ORVs). It also ranks among the leading manufacturers in China of all-terrain vehicles (ATVs), specialized utility vehicles (UTVs), and a recently introduced second-generation high mileage, two-seat three-wheeled motorcycle. Another major company focus has been on the manufacture and sale of the COCO electric vehicle (EV), a highly economical, beautifully designed, all-electric super mini-car for neighborhood driving and commuting. The convertible and hardtop models of the COCO EV are available in the United States and other countries, while the Chinese government has approved the sale of Kandi EVs in China since 2010. The Company’s products can be viewed at http://www.kandivehicle.com and its corporate website is http://www.chinakandi.com.

Information Regarding Forward-Looking Statements
The foregoing press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These include statements about the Company’s expectations, beliefs, intentions or strategies for the future, which the Company indicates by words or phrases such as “anticipate,” “expect,” “intend,” “plan,” “will,” “we believe,” “our company believes,” “management believes” and similar language. These forward-looking statements are based on the Company’s current expectations and are subject to certain risks, uncertainties and assumptions. The Company’s actual results may differ materially from results anticipated in these forward-looking statements. The Company bases its forward-looking statements on information currently available, and it assumes no obligation to update them. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievements.

Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.

SOURCE: Kandi Technologies, Corp.

####

The Medina, Minn. maker of off-road vehicles reported income of $48.7 million, or $1.37 per share, for the three months ended June 30. That’s up from $25.6 million, or 75 cents per share, for the same part of 2010.

Revenue increased 41.1 percent to $607.9 million.

Analysts had expected earnings of $1.18 per share on revenue of $545.1 million.

From April to June, Polaris said revenue from off-road vehicles jumped 41 percent and on-road vehicles shot up 99 percent. Revenue from snowmobiles, a smaller part of the company’s business, surged 247 percent while parts and accessories gained 23 percent. The majority of Polaris’ vehicles are sold in Europe.

Polaris increased its forecast for 2011 to $5.53-$5.68 per share from previous guidance of $5.53-$5.68 per share.

Company shares jumped $5.37, nearly 5 percent, to $118.25 in premarket trading.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

The Lucas Oil/AMA Outdoor Series for 2011 remains one of the most competitive ever.

Welcome to DirtillTV.com   We are a new off road riding site that is part of the DIRT ILLustrated digital online magazine world.  In support of DIRT ILLustrated.com we offer all manner of off road videos, interesting dirt related TV shows, and just about anything  pertaining to the myriad of machines that roll on dirt in the wide world of off road recreation.

Stay tuned, as we plan on expanding this site with a lot of hot racing action, trail riding real world adventures, and anything we can find that shows any videos that relate to our dirt encrusted world. Ready, set, Go.

-Attend an ATV driver’s safety course. Most of these courses are offered for free and can help lower your ATV insurance policy rate.

-Do not ride or use a 3-wheeler. Not only are 3-wheelers unstable but they are no longer made.

-Do not allow children under 16 years of age to operate a full size ATV.

-Never allow children to operate an ATV without adult supervision.

-Resist the temptation to allow another passenger to ride along with you. ATVs are meant to carry only one rider.

-Only drive ATVs off streets.

-Never drive an ATV after dark or dusk.

-Wear the proper clothing while operating an ATV such as closed-toe shoes, long-sleeved shirts, pants, goggles and a helmet.

-Never consume alcoholic beverages while operating an ATV.

-Be sure to get insurance policy on any ATV before allowing anyone to operate your recreational vehicle.

Akrapovic enters H-D exhaust market

To mark the new venture, the company has also commissioned a custom show bike, the first ever such machine from the manufacturer, called the Morsus.

“We decided to build this machine with our partners, Dreamachine Motorcycles, here in Slovenia, to demonstrate that whilst we are known for our racing prowess, we have such a breadth and depth of in-house talent that entering the competitive world of custom bikes is a natural extension to what we do,” said Neil Morley, Marketing Director. “The Morsus hopefully demonstrates our talent and is a statement of intent.”

The S&S 113ci-engined Morsus rolls on 26 x 3.5in carbon/ aluminum wheels and uses Showa USD forks and a Fox rear shock. Naturally, the exhaust is a Akrapovic custom titanium modified by Dreamachine Motorcycles and the shop also modified an Akrapovic carbon end cap to work as an air filter.

The Morsus bike can be seen this August 7-10 in Sturgis as it has been entered into the World Championship of Custom Bike Building.

The line of exhausts being created by Akrapovic for use on Harley-Davidson models features mufflers with a unique outer sleeve design, which morphs from standard conical tube into tapered rectangle.

The systems, for the Sportster, Touring, Dyna and Softail ranges, will be available as Open or Slip-On versions.

“The Akrapovic range is firmly targeted at those Harley riders who seek a bit more exclusivity,” says Akrapovic Product Manager, Thomas Friedrich, “riders who appreciate fine European craftsmanship, outstanding performance, design and of course the unmistakable deep resonant sound of Akrapovic.”

The Open systems do not use a simple baffle, rather they are fitted with Akrapovic’s ‘real silencer’ and an optional insert is available to allow adjustment of the sound level. The Open systems include headers, silencer and heat shield.

The Akrapovic Slip-Ons offer full EC noise and emission homologation with a removable catalytic converter for markets where appropriate.

The Slip-Ons offer an optional ‘Valve System’ enabling the user to adjust the sound level with a simple switch. In addition, users can mix and match the looks of the modular system by changing end caps, or add a Noise Reduction insert.

AKRAPOVIC
Ivancna Gorica, SLOVENIA
Tel: +386 (0)1787 8404
E-mail: techinfo@akrapovic.si
http://www.akrapovic-custom.com The Morsus bike can be seen this August 7-10 in Sturgis at the World Championship of Custom Bike Building
(click image to enlarge)
The line of exhausts features mufflers with a unique outer sleeve design, which morphs from standard conical tube into tapered rectangle

Troy Lee Designs Signature Motocross Grips

“We’ve worked a lot of hours to design a slim, comfortable grip that goes
beyond the traditional thinking of a half-waffle grip,” said Kevin Stevens,
powersports sales and marketing manager at ODI. “We started with a new mountain
bike grip last year and adapted that to the abuse that a motocross rider takes
on the track. We’ve managed to keep a slim feel to eliminate arm pump while
offering an extreme amount of traction with the directional stepped diamond
pattern.”

“I ran these grips a few weeks ago in a mud race at Glen Helen and was
surprised at how much traction I had,” added Troy Lee. “ODI’s compounds feel
great, and I never had to worry about my hands slipping off the grips in the wet
weather.”

Christian Craig is using the new grips in the Outdoor National series.

For more information, visit www.odigrips.com

Mr. Nie toured the Kandi facility and test drove Kandi EVs that use Kandi’s “Express Change” battery model.  During the facility tour, Mr. Nie spoke with Mr. Xiaoming Hu, CEO and Chairman of the Board of Kandi Technologies, about enhancing cooperation with State Grid and the further development of the “Express Change” battery model. The two discussed the plans for 20,000 electric cars on the road in Hangzhou by the end of 2012. Mr. Nie strongly encouraged Kandi to pursue its development plan and efforts to achieve a significant share of the market in Hangzhou.

“I am confident that this goal is attainable and that Kandi can gain a significant share of the growing Hangzhou market,” said Mr. Hu. “The close cooperation between Kandi and Dayou Technology will provide great contributions to the progression of the electric vehicle industry, which will be bolstered by Hangzhou’s plan to reach 20,000 EVs on the road.”

About Dayou Technology Development Company

Dayou Technology Development Company (“Dayou”), a wholly owned subsidiary of Hangzhou electric power company of China State Grid Corp, is located at Hangzhou High-tech Park. It is an innovative technology company that combines technology, industry and trade in one organization. The company has been committed to the development of technology that enlightens and empowers electric power users. Hangzhou’s municipal plan to open a market for 20,000 household electric vehicles by the end of 2012 is being organized and executed by Dayou.

About Kandi Technologies, Corp.

Kandi Technologies, Corp. (Nasdaq: KNDI) is a manufacturer and exporter of a variety of vehicles in China, making it a world leader in the production of popular off-road vehicles (ORVs). It also ranks among the leading manufacturers in China of all-terrain vehicles (ATVs), specialized utility vehicles (UTVs), and a recently introduced second-generation high mileage, two-seat three-wheeled motorcycle. Another major company focus has been on the manufacture and sale of the COCO electric vehicle (EV), a highly economical, beautifully designed, all-electric super mini-car for neighborhood driving and commuting. The convertible and hardtop models of the COCO EV are available in the United States and other countries, while the Chinese government has approved the sale of Kandi EVs in China since 2010. The Company’s products can be viewed at http://www.kandivehicle.com and its corporate website is http://www.chinakandi.com.

“Express Change” Business Model

Kandi’s work with its partners in Jinhua – State Grid Corporation, China’s largest power company, and Tianneng Power International, China’s leading battery maker – creates China’s first EV battery replacement services company. This innovative agreement allows purchasers of Kandi EVs to have easy access to multiple, readily accessible battery changing stations throughout the city, eliminating concerns about limited driving range and battery maintenance. By having batteries available on a rental basis, rather than purchasing them with the vehicles, the consumer cost of a new EV is also substantially reduced.

The completion by State Grid Corporation of the battery charging and express change stations in Hangzhou and Jinhua  enables drivers to exchange their batteries in a matter of minutes in professionally managed battery service centers. The express change service centers will also follow standard procedures for reusing and recycling depleted batteries, eliminating potential pollution caused by used battery waste. Kandi’s innovative EV market opportunity will not only help protect the environment, but will also address the frequently cited obstacles to widespread consumer adoption of pure EVs: high price, low driving range, long charging times, inadequate charging equipment and proper battery recycling.

Contacts:

Kandi Technologies, Corp.
Xiaoming Hu
Chairman and CEO
86-579-82239856

Cathy Cao
Executive Vice President of Finance
212-551-3610
e-mail: Cathy_kndi@yahoo.com

Jeff Lambert, Mike Houston
Lambert, Edwards & Associates
616-233-0500
e-mail: mhouston@lambert-edwards.com

SOURCE: Kandi Technologies, Corp.

####

The pilot program in Jinhua uses Kandi’s KD5010 electric vehicles to promote household use of electric vehicles using the “Express Change” battery model. Each Kandi car sold will be eligible to receive local government subsidies made possible through the pilot program. Kandi expects the average sale price of their KD5010 pure electric model (without battery), currently about RMB 39,800 ($6,100 U.S.), to decrease by more than 50 percent with the subsidies from provincial and city governments. The KD5010 model, tested and approved by the Chinese government, operates on a new-generation lead-acid battery.

The “Express Change” battery business model provides a cheap and effective alternative to the standard refueling of gasoline-powered vehicles. The business model effectively integrates the car manufacturer, battery maker and charging and replacement partner to provide car production/distribution, battery production, charging and express change facility, and battery service and maintenance.

About Kandi Technologies, Corp.

Kandi Technologies, Corp. (Nasdaq: KNDI) is a manufacturer and exporter of a variety of vehicles in China, making it a world leader in the production of popular off-road vehicles (ORVs). It also ranks among the leading manufacturers in China of all-terrain vehicles (ATVs), specialized utility vehicles (UTVs), and a recently introduced second-generation high mileage, two-seat three-wheeled motorcycle. Another major company focus has been on the manufacture and sale of the COCO electric vehicle (EV), a highly economical, beautifully designed, all-electric super mini-car for neighborhood driving and commuting. The convertible and hardtop models of the COCO EV are available in the United States and other countries, while the Chinese government has approved the sale of Kandi EVs in China since 2010. The Company’s products can be viewed at http://www.kandivehicle.com and its corporate website is http://www.chinakandi.com.

Contacts:
Kandi Technologies, Corp.
Xiaoming Hu
Chairman and CEO
86-579-82239856

Cathy Cao
Executive Vice President of Finance
212-551-3610
e-mail: Cathy_kndi@yahoo.com

Jeff Lambert, Mike Houston
Lambert, Edwards & Associates
616-233-0500
e-mail: mhouston@lambert-edwards.com

SOURCE: Kandi Technologies, Corp.

]]> http://wolverines.wordpress.com/2011/05/26/parks-are-for-peoplewildlife-not-private-cars/ Thu, 26 May 2011 12:51:25 +0000 Alan Gregory http://wolverines.wordpress.com/2011/05/26/parks-are-for-peoplewildlife-not-private-cars/ So said, exquisitely of course, Edward Abbey. Here’s what Cactus Ed said:

“We’ve got to close the parks to private cars if we want to keep them as parks. The parks are for people, not machines. Let the machines find their own parks.” So said Cactus Ed

If the prime organizing principle was to protect the beach rather than the things on the beach, officials would be able to do things like planting grass to build up parts of the beach close to trailhaeds susceptible to erosion while encouraging endangered species to nest near the ends of barrier beaches which should be allowed to rollover naturally.

An audio webcast of the presentation will be available by accessing the Polaris website at www.polarisindustries.com/irhome.  A replay of the audio webcast will be available for one week following the event.  The presentation for this event will also be posted on our website under Our Company / Investor Relations / News & Events / Presentations.

About Polaris

With annual 2010 sales of $1.99 billion, Polaris Industries Inc.®  designs, manufactures and markets vehicles for recreational and utility use. Polaris is one of the world’s largest manufacturers of off-road vehicles (ORVs), including all-terrain vehicles (ATVs) and the Polaris RANGER® side-by-sides, and is a recognized leader in the snowmobile industry. Victory Motorcycles®, introduced in 1998, represents the first all-new American-made motorcycle from a major company in nearly 60 years, and is rapidly making impressive gains in the cruiser and touring motorcycle marketplace. Polaris also recently introduced an on-road electric-powered neighborhood vehicle, and enhances the riding experience for all vehicle groups with a complete line of Pure Polaris® parts, apparel and accessories, which are available at Polaris dealerships.

Polaris Industries Inc. trades on the New York Stock Exchange under the symbol “PII,” and the company is included in the S&P MidCap 400 stock price index.

Information about the complete line of Polaris products, apparel, and vehicle accessories is available online at www.polaris.com, as well as at authorized Polaris dealerships.

####

First Quarter 2011 Financial Highlights:

• Revenues increased modestly to $8.3 million from $8.2 million with continued growth in ATV and go-kart sales
• Operating income increased to $0.8 million, from breakeven operating results in the first quarter of 2010, while gross margin increased by 2.3%
• Net income totaled $5.9 million, or $0.20 per diluted share, compared to a net loss of $0.2 million, or $0.01 per diluted share in the same period last year. The non-GAAP adjusted net income (described below) grew by 9.9% as compared to first quarter 2010
• Working capital surplus of $20.2 million at quarter end, an improvement from a working capital deficit of $1.7 million at the end of the first quarter 2010
• Cash and cash equivalents (including restricted cash) totaled $34.5 million at quarter-end, which equates to $1.19 per fully diluted share, a significant increase from $25.2 million at the end of 2010

“We remain excited with the growth from our traditional off-road products as our legacy business continues to recover, and continue our optimism about achieving a leading role in China EV development,” said Mr. Xiaoming Hu, CEO and Chairman of the Board of Kandi Technologies.  ”Our pure electric vehicles continue to be a priority as we expand sales of our vehicles in China, and globally, to meet emerging demand.  In the first quarter, we have showcased our EVs through the newly established showroom in Hangzhou and have started to execute our pilot ‘Express Change’ model in Jinhua.”

During the quarter, the Company spent $7.0 million of its sharply increased working capital on new fixed assets to build production capability, which will increase capacity and support EV demand.

“With respect to EV sales outside of China,” said Mr. Hu, “we remain focused on the European market, where we announced a strategic agreement and an initial order of 1,000 Kandi EVs in Italy during the quarter, and believe this will be a cornerstone to increasing sales in Europe.”

First Quarter 2011 Results

Revenues for the quarter increased by 1.1%, to $8.3 million, from $8.2 million in 2010. The modestly improved results reflected the continued recovery of the Company’s traditional off-road vehicle market, led by year-over-year increases of 41% in ATV sales and 31% in go-kart sales. Sales of super-mini vehicles experienced a 38.5% decline from the same period of 2010, due primarily to the shift of focus on EV development in China and build out of the “Express Change” infrastructure during the quarter, as the Company’s primary focus in the period was building a foundation for future sales in the China EV market.

Gross profit increased to $2.1 million in 2011, up from $1.9 million in the first quarter of 2010.  Gross margin for the quarter increased by 230 basis points to 24.7 percent, from 22.4 percent in the prior year, as a result of increased operational efficiencies and successfully managed manufacturing costs.  These carefully managed expenses allowed the Company’s operating income to increase to $0.8 million in 2011, compared to breakeven operating results in the first quarter of 2010.

Total interest and other income increased to $5.2 million in the first quarter of 2011, compared to total interest and other expense of $0.1 million in the prior year.  The significant change in total interest and other income for the quarter primarily reflected the changes in fair value of warrants issued to investors and placement agents and the changes of fair value of conversion features embedded in convertible notes.  The Company’s net income totaled $5.9 million for the quarter, or $0.20 per fully diluted share, as compared with a net loss of $0.2 million, or $0.01 per fully diluted share, for the same period of 2010.  Without the convertible notes, warrant and option related charges, the non-GAAP adjusted net income totaled $0.7 million, as compared to $0.6 million in the same period 2010, an increase of 9.9%.

At the end of the quarter, the Company had a working capital surplus of $20.2 million, a significant improvement from a working capital deficit of $1.7 million at the same time last year. The increase in working capital was primarily due to the Company’s equity offering in December 2010.  For the quarter ended March 31, 2011, cash used by operating activities totaled $9.4 million, compared with cash provided by operating activities of $1.0 million in 2010. The change in net operating cash flow was mainly due to increases in pre-payments and pre-paid expenses associated with manufacturing payments to suppliers.

First Quarter 2011 Operational Highlights:

• Announcement of super-mini electric vehicle “Test Drive Days” in Jinhua City
• New products and COCO electric vehicle showcased at the 2011 Dealernews International Dealer Expo®
• Italian order received for pure electric vehicles, with material progress made towards delivery
• New lithium-ion electric vehicle unveiled at Hangzhou’s First New Energy Vehicle Showroom, and is now available for sale
• Vice Governor of Zhejiang Province visited Kandi Technologies’ facilities

“Kandi continues to make great strides on EV development in China as we maintain a solid U.S. presence in go-karts and specialized EV products.  The firstquarter is our transition quarter, and we expect to increase sales of our products in the latter part of the year. This year, Jinhua municipal city of Zhejiang Province has started a 3,000-car experimental program, which uses Kandi’s electric vehicles to promote household use of electric vehicles using the “Express Change” battery model. Each car sold will be eligible to receive a government rebate of just over 50% of the purchase price,” said Mr. Hu.  ”We have also made several important moves during the quarter to strengthen the independence of our Board and our overall business and financial reporting.”

About Kandi Technologies, Corp.

Kandi Technologies, Corp. (Nasdaq: KNDI) is a manufacturer and exporter of a variety of vehicles in China, making it a world leader in the production of popular off-road vehicles (ORVs). It also ranks among the leading manufacturers in China of all-terrain vehicles (ATVs), specialized utility vehicles (UTVs), and a recently introduced second-generation high mileage, two-seat three-wheeled motorcycle. Another major company focus has been on the manufacture and sale of the COCO electric vehicle (EV), a highly economical, beautifully designed, all-electric super mini-car for neighborhood driving and commuting. The convertible and hardtop models of the COCO EV are available in the United States and other countries, while the Chinese government has approved the sale of Kandi EVs in China since 2010. The Company’s products can be viewed at http://www.kandivehicle.com and its corporate website is http://www.chinakandi.com.

Information Regarding Forward-Looking Statements

The foregoing press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These include statements about the Company’s expectations, beliefs, intentions or strategies for the future, which the Company indicates by words or phrases such as “anticipate,” “expect,” “intend,” “plan,” “will,” “we believe,” “our company believes,” “management believes” and similar language. These forward-looking statements are based on the Company’s current expectations and are subject to certain risks, uncertainties and assumptions. The Company’s actual results may differ materially from results anticipated in these forward-looking statements. The Company bases its forward-looking statements on information currently available, and it assumes no obligation to update them. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievements.

Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.

Kandi’s letter to shareholders addresses the error in its filing, specifically within a table outlining the unit and dollar revenue breakdown by product for 2010 and 2009.  As the Company previously stated, the dollar amounts for revenues shown in that table were accurate; however the category unit numbers contained discrepancies as a result of two causes.  The first was a recategorization of certain models in the 2009 unit volumes to render those numbers comparable to the 2010 unit volumes.  The second cause was related to the translation from Chinese accounting standards to U.S. GAAP.  Details surrounding these adjustments are included in the letter to shareholders and will be included in the subsequent amendment to the Company’s annual report on Form 10-K.

“We have taken time and great care to determine the source of this error and provide corrected unit figures to our investors,” said Xiaoming Hu, CEO and Chairman of the Board of Kandi Technologies.  ”However, we wanted to be sure that the information we provided was absolutely accurate.  We take our responsibility in this regard very seriously, and hope our prompt attention to this matter shows the high regard we have for the accuracy and transparency of our financial information.”

About Kandi Technologies, Corp.

Kandi Technologies, Corp. (Nasdaq: KNDI) is a manufacturer and exporter of a variety of vehicles in China, making it a world leader in the production of popular off-road vehicles (ORVs). It also ranks among the leading manufacturers in China of all-terrain vehicles (ATVs), specialized utility vehicles (UTVs), and a recently introduced second-generation high mileage, two-seat three-wheeled motorcycle. Another major company focus has been on the manufacture and sale of the COCO electric vehicle (EV), a highly economical, beautifully designed, all-electric super mini-car for neighborhood driving and commuting. The convertible and hardtop models of the COCO EV are available in the United States and other countries, while the Chinese government has approved the sale of Kandi EVs in China since 2010. The Company’s products can be viewed at http://www.kandivehicle.com and its corporate website is http://www.chinakandi.com.

Information Regarding Forward-Looking Statements

The foregoing press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These include statements about the Company’s expectations, beliefs, intentions or strategies for the future, which the Company indicates by words or phrases such as “anticipate,” “expect,” “intend,” “plan,” “will,” “we believe,” “our company believes,” “management believes” and similar language. These forward-looking statements are based on the Company’s current expectations and are subject to certain risks, uncertainties and assumptions. The Company’s actual results may differ materially from results anticipated in these forward-looking statements. The Company bases its forward-looking statements on information currently available, and it assumes no obligation to update them. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievements.

Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.

Contacts:
Kandi Technologies, Corp.
Xiaoming Hu
Chairman and CEO
86-579-82239856

Cathy Cao
Executive Vice President of Finance
(212) 551-3610
email: cathy_kndi@yahoo.com

Jeff Lambert, Mike Houston
Lambert, Edwards & Associates
(616) 233-0500
email: mhouston@lambert-edwards.com

SOURCE Kandi Technologies, Corp.

####

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May. 12, 2011

The Maryland Department of Natural Resources has permanently closed three off-road vehicle (or ORV) trails. The Green Ridge, Chandler, and Poplar Lick trails had been temporarily closed pending the results of a forest certification audit. That audit, which was completed recently, was part of the state’s effort to receive dual certification for all three western Maryland state forests—a move the DNR claims will protect the $950 million western Maryland forest products industry, and secure 9,200 jobs.

“The DNR has been looking closely at the sustainability of these ORV trails for the past few years. While it is unfortunate that these three trails must be closed, the decision is based on the results of environmental assessments conducted by the department and the results of our recent forest certification audit,” said Steven Koehn, DNR state forester.

“These trails were built and sited decades ago and long before the current trend of riders and riding machine options,” continued Koehn.

“The locations of the trails are not sustainable in their current configuration, and they cannot be reconfigured to protect the environmental features located on these lands. We came to fully understand these facts as we reviewed all of our state forest management activities in preparation for a statewide forest certification audit. We were not surprised that the forest audit confirmed these particular ORV trails were unsustainable.”

Green Ridge trail is part of the Green Ridge State Forest; Poplar Lick trail is in the Savage River State Forest; and Chandler trail winds through the Pocomoke River State Forest. Walk-in access will still be permitted, including walk-in camping at Green Ridge and Poplar Lick trail camping areas.

The Green Ridge trail vehicle-access closure is effective in all sections of that trail, including the portion formerly open to licensed on-road vehicles.

“While it is unfortunate that these three trails must be closed, to do otherwise would be irresponsible,” said John Griffin, DNR secretary.

“The good news is that this process has brought to light the need for us to more actively engage with the ORV community. Input from several hundred stakeholders has underscored the fact that this important community of outdoor enthusiasts deserves the opportunity to ride and is prepared to do so responsibly in partnership with DNR.”

The DNR has stated that it recognizes ORV trails and riders as an important part of the Maryland outdoor recreation community and has pledged to identify new and improved trail locations.

Such options include several privately owned sites with “ready to ride” trail systems in place that could be purchased or leased by DNR, and/or its partners, to provide public ORV trail access. The DNR is also considering several existing public land locations for inclusion in this new trail evaluation process.

Read the full article here.

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A webcast of the presentation will be available by accessing the Polaris website at http://www.polarisindustries.com/irhome. A replay of the webcast will be available for one week following the event. The presentation for this event will also be posted on our website under “Our Company/Investor Relations/News & Events/Presentations”.

About Polaris
With annual 2010 sales of $1.991 billion, Polaris designs, engineers, manufactures and markets off-road vehicles (ORVs), including all-terrain vehicles (ATVs) and the Polaris RANGER™, snowmobiles and Victory motorcycles for recreational and utility use and has recently introduced a new on-road electric powered neighborhood vehicle.

Polaris is a recognized leader in the snowmobile industry; and one of the largest manufacturers of ORVs in the world. Victory motorcycles, established in 1998 and representing the first all-new American-made motorcycle from a major company in nearly 60 years, are making in-roads into the cruiser and touring motorcycle marketplace. Polaris also enhances the riding experience with a complete line of Pure Polaris apparel, accessories and parts, available at Polaris dealerships.

Polaris Industries Inc. trades on the New York Stock Exchange under the symbol “PII”, and the Company is included in the S&P MidCap 400 stock price index.

Information about the complete line of Polaris products, apparel and vehicle accessories are available from authorized Polaris dealers or anytime from the Polaris homepage at www.polarisindustries.com.

Contacts

Kandi’s letter to shareholders addresses the inaccuracies of an online article released last week, and provides a detailed response to the questions raised.  Kandi reiterates that the article is incorrect and reflects a general lack of understanding of the Company’s business. Importantly, the Company emphasized that its financial information regarding revenues as filed with the SEC in its annual reports on Form 10-K is accurate and the Company is taking steps to ensure its filings continue to meet the high standards of accuracy and transparency investors have come to expect.

“We take our fiduciary duty to shareholders and all stakeholders very seriously, and the conclusion reached by this website in no way reflects the current business of Kandi Technologies,” said Xiaoming Hu, CEO and Chairman of the Board of Kandi Technologies.  ”In fact, Kandi has made great strides on our EV business in China, we continue to have a solid U.S. presence in go-karts and specialized EV products, and we have made several important moves to strengthen the independence of our Board and our overall corporate governance, including the hiring just last week of a ‘big four’ professional firm to ensure we have a third-party perspective on our business and financial reporting.”

About Kandi Technologies, Corp.

Kandi Technologies, Corp. (Nasdaq: KNDI) is a manufacturer and exporter of a variety of vehicles in China, making it a world leader in the production of popular off-road vehicles (ORVs). It also ranks among the leading manufacturers in China of all-terrain vehicles (ATVs), specialized utility vehicles (UTVs), and a recently introduced second-generation high mileage, two-seat three-wheeled motorcycle. Another major company focus has been on the manufacture and sale of the COCO electric vehicle (EV), a highly economical, beautifully designed, all-electric super mini-car for neighborhood driving and commuting. The convertible and hardtop models of the COCO EV are available in the United States and other countries, while the Chinese government has approved the sale of Kandi EVs in China since 2010. The Company’s products can be viewed at http://www.kandivehicle.com and its corporate website is http://www.chinakandi.com.

Information Regarding Forward-Looking Statements

The foregoing press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These include statements about the Company’s expectations, beliefs, intentions or strategies for the future, which the Company indicates by words or phrases such as “anticipate,” “expect,” “intend,” “plan,” “will,” “we believe,” “our company believes,” “management believes” and similar language. These forward-looking statements are based on the Company’s current expectations and are subject to certain risks, uncertainties and assumptions. The Company’s actual results may differ materially from results anticipated in these forward-looking statements. The Company bases its forward-looking statements on information currently available, and it assumes no obligation to update them. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievements.

Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.

Contacts:

Kandi Technologies, Corp.
Xiaoming Hu
Chairman and CEO
86-579-82239856

Cathy Cao
Executive Vice President of Finance
(212) 551-3610
email: cathy_kndi@yahoo.com

Jeff Lambert, Mike Houston
Lambert, Edwards & Associates
(616) 233-0500
email: mhouston@lambert-edwards.com

SOURCE: Kandi Technologies, Corp.

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As Kandi Technologies’ growth continues to increase the complexity of the Company’s management and compliance functions, the Company plans to leverage the extensive experience of this professional third-party in evaluating and developing enhanced compliance control frameworks and monitoring programs.

“We hope to bring in sophisticated, world-class consulting insight to Kandi’s business,” said Xiaoming Hu, CEO and Chairman of the Board of Kandi Technologies.  ”As our business continues to grow, Kandi will place greater emphasis on effective internal controls and corporate reporting strategies, which will also enhance the efficiency of our operations and improve management quality at all levels.”

About Kandi Technologies, Corp.

Kandi Technologies, Corp. (Nasdaq: KNDI) is a manufacturer and exporter of a variety of vehicles in China, making it a world leader in the production of popular off-road vehicles (ORVs). It also ranks among the leading manufacturers in China of all-terrain vehicles (ATVs), specialized utility vehicles (UTVs), and a recently introduced second-generation high mileage, two-seat three-wheeled motorcycle. Another major company focus has been on the manufacture and sale of the COCO, a highly economical, beautifully designed, all-electric super mini-car for neighborhood driving and commuting. The convertible and hardtop models of the COCO electric vehicle (EV) are available in the United States and other countries, while the Chinese government has approved the sale of Kandi EVs in China since 2010. The Company’s products can be viewed at http://www.kandivehicle.com and its corporate website is http://www.chinakandi.com.

Contacts:
Kandi Technologies, Corp.
Xiaoming Hu
Chairman and CEO
86-579-82239856

Cathy Cao
Executive Vice President of Finance
(212) 551-3610
email: cathy_kndi@yahoo.com

Jeff Lambert, Mike Houston
Lambert, Edwards & Associates
(616) 233-0500
email: mhouston@lambert-edwards.com

SOURCE: Kandi Technologies, Corp.

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“GEM provides Polaris with an established position in the low-emission small vehicle market and supports Polaris’ strategy of penetrating on-road market segments poised for growth,” said Scott Wine, Polaris chief executive officer. “We are excited about the outlook for growth within this market space, and are looking forward to developing even stronger growth prospects for the GEM business.”

“Our vision is to accelerate profitable sales growth for GEM, by combining Polaris’ strength in new product innovation with the most-recognized brand in the low speed vehicle market space,” said Mike Jonikas, vice president of the On-Road Vehicle Division. “These new product efforts for GEM will be supported by an expanded distribution presence within select domestic and international markets.”

The agreement to acquire GEM will officially close within the next 60 days once Polaris secures the required state sales certifications to sell GEM products. During this interim period, since Polaris will not yet have officially acquired GEM, operations will proceed as usual and Polaris will continue to learn and understand the GEM business through information exchange. Following this interim period, Polaris will be in a position to outline specific plans for the GEM business.

More images and information on GEM vehicles available at: http://www.gemcar.com/media/default.asp?ID=308

About Polaris
With annual 2010 sales of $1.991 billion, Polaris designs, engineers, manufactures and markets off-road vehicles (ORVs), including all-terrain vehicles (ATVs) and the Polaris RANGER® Side X Side vehicles, snowmobiles and Victory motorcycles for recreational and utility use and has recently introduced a new on-road electric powered neighborhood vehicle.

Polaris is a recognized leader in the snowmobile industry; and one of the largest manufacturers of ORVs in the world. Victory motorcycles, established in 1998 and representing the first all-new American-made motorcycle from a major company in nearly 60 years, are making in-roads into the cruiser and touring motorcycle marketplace. Polaris also enhances the riding experience with a complete line of Pure Polaris apparel, accessories and parts, available at Polaris dealerships.

Polaris Industries Inc. trades on the New York Stock Exchange under the symbol “PII”, and the Company is included in the S&P MidCap 400 stock price index.

Information about the complete line of Polaris products, apparel and vehicle accessories are available from authorized Polaris dealers or anytime from the Polaris homepage at www.polarisindustries.com.

About Global Electric Motorcars LLC (GEM)
As a wholly owned subsidiary of Chrysler Group LLC, Chrysler Group Global Electric Motorcars LLC (GEM) is the market leader in the low-speed, Neighborhood Electric Vehicle (NEV) industry and has more than 45,000 GEM battery-electric vehicles on the road worldwide. GEM cars are used by local, state and national government agencies, resorts, master-planned communities, universities, medical and corporate campuses, as well as by sports teams, taxi-shuttle services and individual consumers.

The six GEM passenger and utility models are legal on most streets with posted speeds of 35 mph or less and have many of the same features of regular cars, but are much more economical in price and fuel consumption. GEM cars are eligible for incentives and tax credits from clean-air districts and other governmental agencies.

To date, GEM cars have driven more than 450 million emission-free miles and have saved more than 20 million gallons of gasoline. They also have prevented more than 190 tons of pollutants from reaching the air.

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I found this on Ted Williams’ Fly Rod & Reel blog.

…These desolate areas of desert in question here are not good for anything but holding the earth together … Life can not even be sustained there without high cost …

Why on earth do these goody-goody 2-shoes people give a crap about it?

About Polaris
With annual 2010 sales of $1.991 billion, Polaris designs, engineers, manufactures and markets off-road vehicles (ORVs), including all-terrain vehicles (ATVs) and the Polaris RANGER™, snowmobiles and Victory motorcycles for recreational and utility use and has recently introduced a new on-road electric powered neighborhood vehicle.

Polaris is a recognized leader in the snowmobile industry; and one of the largest manufacturers of ORVs in the world. Victory motorcycles, established in 1998 and representing the first all-new American-made motorcycle from a major company in nearly 60 years are making in-roads into the cruiser and touring motorcycle marketplace. Polaris also enhances the riding experience with a complete line of Pure Polaris apparel, accessories and parts, available at Polaris dealerships.

Polaris Industries Inc. trades on the New York Stock Exchange under the symbol “PII”, and the Company is included in the S&P Mid-Cap 400 stock price index.

Information about the complete line of Polaris products, apparel and vehicle accessories are available from authorized Polaris dealers or anytime from the Polaris homepage at www.polarisindustries.com.

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