GO Electric International in Talks with Teiszmann Elektromotoren AG

Go Electric International NV reported today that it has launched wide ranging talks with German industrialist Daniel Schneider and his Teiszmann Elektromotoren AG firm. A spokesperson for Go Electric International says that the talks between the parties cover the exploitation in global markets of Teiszmann’s range of innovative electric powered mobility products as well as a direct investment in Teiszmann and/or an affiliate.

In commenting on the talks, the Go Electric spokesperson explains that " We believe that the proprietary product development at Teiszmann in the electric power mobility sector coupled with the introduction of the company’s current range of superbly designed electric powered bikes represents an opportunity of unusual scope and dimension for our company today and tomorrow. Without question the electric power mobility segment of the ‘people mover’ marketplace is the fastest growing category in the motor bike sector and as such, striking a long term business partnership with Mr. Schneider and Teiszmann will be a timely and advantageous situation for our company that is already geared to building a front line position in electric power.”

Headquartered in Baar, Switzerland, Teiszmann Elektromotoren AG, was established in 2005 and is dedicated to the development, construction and manufacture of electric motors and new electric powered vehicles.

Go Electric International N.V. is a Dutch incorporated management, marketing and investment company listed on the Open Market segment of the Frankfurt Exchange. A public offering of Go Electric International N.V. shares was not made in connection with their inclusion on the Open Market Frankfurt.