IRS Grants $4,000 Tax Credit for Ford Focus CNG Car

ASHEVILLE, NC - March 16, 2010: Altech-Eco Corporation of Asheville, North Carolina announced today that they have obtained an approval from the Department of the Treasury, Internal Revenue Service for the first Year-2010 Ford Focus ever to receive a $4,000 Federal Income Tax Credit designation to those who purchase it, because it operates exclusively on compressed natural gas (CNG) and meets the most stringent exhaust emissions standards.

“The EPA has already issued a Certificate of Conformity for this “dedicated”

“The EPA has already issued a Certificate of Conformity for this “dedicated” (all natural gas) vehicle, and now the IRS has approved a $4,000 Federal Tax Credit to be immediately available to any purchasers of this exciting alternative energy vehicle”, said Miles George, Vice President of TransEco Energy, the parent of Altech-Eco Corporation, who received the approval notice.

“Households, municipalities and businesses alike love the 2010 Ford Focus, and now Americans looking to help the environment by purchasing this all natural gas version can be rewarded with an IRS-approved $4,000 Tax Credit, meaning they can lower their 2010 Federal Income Taxes by $4,000 just by purchasing it”, George stated. “To date, no company in the world has ever received a $4,000 Federal Tax Credit designation from the IRS for an all natural gas passenger vehicle except for one Honda model. Today we are proud that an American owned-American operated company like Altech-Eco has achieved this extremely rare designation”, stated George.

The 2010 Ford Focus natural gas vehicle is converted from gasoline to all natural gas operation by Altech-Eco Corporation, an EPA-Designated Small Vehicle Manufacturer (SVM). The company is not yet a publicly traded company. The vehicle can be purchased directly through participating Ford dealerships, or through Altech-Eco and selected vendors.

Altech-Eco has previously announced that it has already received the EPA certification for its 2010 Ford Focus bi-fueled (gasoline and natural gas) conversion, and its 2010 Ford Transit Connect bi-fueled and dedicated conversion. By using Altech-Eco’s EPA approved CNG alternative fuel conversion system, citizens in the United States will have the option not only to help the environment but also to significantly reduce dependency on foreign oil, and simultaneously receive a $4,000 Tax Credit from the IRS through their purchase of the Altech-Eco converted 2010 Ford Focus CNG car. Those interested in Altech-Eco’s already EPA-certified conversion systems, its 2010 Ford Focus CNG conversion, or the Tax Credit may visit Altech’s website at www.altecheco.com or call 828-654-8300.