New York, NY -- (ReleaseWire) -- 04/18/2013 --Lot78, Inc. (OTCQB:LOTE) announced the appointment of Mr. Clive Darby to the Advisory Board.
Clive Darby, founder of RAKE, http://www.rakestyle.com has been in the fashion and retail industry for over 29 years. He has been instrumental in creating and running three UK Men's Fashion Brands: Richard James, Kilgour, and RAKE.
Mr. Darby started his career in sales and moved to London in the late 1980's to work for Browns. In 1992, Clive joined forces with Richard James and Sean Dixon to open the first Richard James store in Savile Row where he acted as Retail Director.
Lot78, Inc. offers design, marketing, distribution, and sale of urban apparel, retailing in six continents, including North America, Europe, Asia, Australia, Africa, and South America,
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Vista Partners announced that it has initiated coverage on ECOtality, Inc. (NASDAQ: ECTY) with a twelve month price target of $3.70.
Ross Silver, Principal Analyst at Vista Partners, stated, "The fleet of plug-in electric vehicles (EVs) in the United States is the largest in the world. Since 2008 more than 90,000 highway-capable plug-in electric cars have been sold in the country through March 2013, with sales led by the Chevrolet Volt plug-in hybrid with 35,702 units, followed by the Nissan LEAF all-electric car with 23,051 units."
Mr. Silver continues, "According to a 2011 study by Pike Research, annual sales of plug-in electric vehicles in the U.S. are predicted to reach 360,000 vehicles by 2017. Based on the continued introductions of EVs, and the success of the LEAF and Volt, ECTY expects strong and sustained demand for their Blink Network system, beyond what they have contracted under The EV Project."
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