Wednesday, April 7, 2010 – After Market Close 

Green Baron New “Stock Pick”

ECOtality, Inc.

(BB: ETLE - $4.60 per share)

www.ECOtality.com

www.etecevs.com

  www.InnergyPower.com    

Common Shares Outstanding / 6.71 million

Current Market Cap / $30.9 million

 52-Week High / $27.59 per share

52-Week Low / $1.85 per share

Average Price / $4.82 (50-day) $7.25 (200-day)

Average Volume / 21,600 (50-day) 43,800 (200-day)

 

ECOtality’s Wholly-Owned Subsidiary eTec Wins $99.8 Million Grant to Undertake Largest Deployment of Electric Vehicles and Charging Stations in U.S. History

CEO Jonathan Read, “Our goal is to facilitate simple, smart and effective transition to electrically-powered vehicles in the United States and around the world”

Recent Key News Announcements:

- ECOtality Files Application to List on NASDAQ

 - ECOtality’s China JV Partner Commits up to $300 Million of its Credit Facility to Finance Electric Vehicle Charging Systems to Accelerate EV Adoption Worldwide

The Green Baron believes if you only buy one “Green Energy” stock in your lifetime, ECOtality (BB: ETLE) should be it and the timing is perfect

It is clear that most governments across the globe support cleaner power and less reliance on fossil fuels.  Companies that can produce scientific advancements to meet this demand will be positioned to encounter incredible growth for years to come.  The Green Baron Report believes the greatest innovations for the next decade are going to come in the production of “Green Energy” and devices to support it. 

Over the past several years, the stock market has become flush with hundreds of companies high on promise but starved for cash in hopes to become the next boon stock in green energy.  It can be challenging to differentiate between the real companies that have true promise, and those that will likely flame out.  We have researched a large number of stocks in this industry, and have had to turn away from most of them since we felt they could not make for the long-term.

Then, we recently discovered a Company that appears to have everything we have been looking for in “Green Energy,” and a recent restructuring has evolved in a way that we believe has created an absolute bargain for our members.  After thorough research and discussions with management, we are confident that this is the best “Green Energy” stock we have ever researched to date, and the timing to accumulate matches our conviction.

The Green Baron Report is proud to announce that ECOtality, Inc. (BB: ETLE) has been officially selected as our 85^th “Stock Pick” since inception and will be added to our storied list of previously profiled stocks on our home page.  Results compiled from the most recent trade possible prior to dissemination of this report to the subsequent high will be monitored at www.thegreenbaron.com.   Although we have very aggressive short and long term expectations for ECOtality, we still suggest our members try to accumulate as close to the profile price as possible.

TRADING NOTES:  ETLE is a fully reporting Company that currently trades on The Bulletin Board and filed to list on the NASDAQ nearly two months ago.  After it was announced that ECOtality’s subsidiary eTec was awarded the grant for just under $100 million last August, it rallied to as high as $27.59 per share on a split adjusted basis (a 1:60 reverse split became effective in November 2009).  From August through November of 2009, ECOtality traded primarily between $7 and $13 per share split adjusted.  For the past three months, ETLE has pulled back some to trade in a range between $4 and $6 per share. 

ETLE is represented by numerous market makers that typically keep spreads tight.  The significant reduction in share count following the reverse split now provides investors the opportunity for sharp percentage price movement on relatively low volume.  We see good support just above $4 per share and some overhead resistance at $7.20 per share.  Another significant announcement or positive development could cause ETLE to jump dollars per share and blow through any resistance.  Approval of NASDAQ listing, possibly imminent, would in all likelihood attract a large number of new investors and cause the shares to stage a huge rally.