Electric Moto Corp. Announces Resignation of CEO Ely Schless

Creates Chief Technology Consultant Position

ASHLAND, Ore., July 11, 2008 (PRIME NEWSWIRE) -- Electric Moto Corp., Inc. , a U.S.-based designer, manufacturer and retailer of highly efficient electric battery-powered motorcycles, scooters and ATVs, today announced the resignation of Ely Schless as Chief Executive Officer, effective immediately.

In conjunction with his resignation as CEO, Mr. Schless has been named Chief Technology Consultant (CTC) of Electric Moto. The new position was created specifically to optimally capitalize on his unique capabilities surrounding the development of 2nd and 3rd generation electric vehicles, which is highlighted by his successful design of the company's first-generation "Blade" motor bike.

In addition, the company's board of directors announced the creation of an Interim Management Team of corporate personnel designed to (a) launch an immediate executive search for a new CEO, and (b) continue to pursue initiatives outlined by the firm's investment bankers surrounding the establishment of a new production facility and the development of distribution channels throughout Central and South America and the Caribbean. Electric Moto's well-established European distribution channel is viewed by management as a key competitive strength and is expected to remain unchanged going forward.

Management is also pleased to announce that several "Blade XT" demo bikes have recently been shipped from the company's current production facility in Oregon to distributors in Europe. In addition, Electric Moto anticipates shipping two additional "demo" bikes to the offices of its investment banking firm in NY in the coming weeks.

About Electric Moto Corp., Inc:

Electric Moto Corp. is an Ashland, Oregon-based company that specializes in the design, manufacture, marketing and sales of vehicle chassis and components and eco-friendly, zero emissions, electric battery-powered vehicles for recreational, law enforcement, governmental and military applications. The engineering and management team behind Electric Moto and its rapidly expanding line of lithium-ion powered vehicles have decades of experience developing and implementing cutting edge technologies for powering the company's expanding line of practical, clean and economic vehicles of the future. The company, which currently has distributors in the United States and Europe, has plans to continue adding distributors wherever Earth-friendly, green vehicles will be in demand. Electric Moto is currently poised to begin production of its Blade XT off-road motorcycles and is in preparation to launch its own lines of ATVs and scooters. For more information on Electric Moto please visit: www.outcasttrader.com.

In addition to the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties. Actual results may differ substantially from those referred to herein due to a number of factors. Forward looking statements may include, but are not limited to statements regarding EMOT's growth and profitability, growth strategy, access to technology, liquidity and access to public markets, product flow from suppliers, and trends in the industry in which EMOT operates, which could have a material effect on EMOT's current business model. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in EMOT's filings with the SEC. EMOT assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.

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