CHICAGO--(BUSINESS WIRE)--JNS Holdings Corporation (OTC Markets Group: JNSH) announced today that it has formed a new majority owned subsidiary Evolve USA Charging Corporation an Illinois domiciled and based Company. Evolve USA Charging Corporation will be solely responsible for new sales, service and the development of Electric Vehicle Charging Systems for both residential and commercial applications. Evolve will also be responsible for administration of the recently agreed upon Asset Purchase Agreement of the Chicago Grant Agreement.
Initially upon court approval Evolve will begin operations with a network of owned and operated units that consist of 142 Level II chargers and 26 Level III DC fast chargers within the Chicago market. Evolve will also focus on expanding its number of units with additional acquisitions and the development of new locations.
Evolve’s business model will allow Evolve USA Charging Corporation to own, operate and maintain a network of EV Charging Stations throughout the Chicagoland area by entering into shared revenue agreements with the owners of desired properties. Evolve is proceeding with securing exclusive locations strategically placed within Chicago and the surrounding suburbs and in conjunction with targeted areas for our initial launch of our Electric Vehicle Charging Station infrastructure.
Whether you are interested in hosting an Evolve USA Charging Station or just interested in seeing an EV public charging station near you, please contact us at info@evolveusacharging.com.
“The company believes that EV Charging Stations offer an excellent opportunity for revenue growth as more and more consumers seek alternatives to oil dependency and environmentally friendly options," stated Brian Howe, Chief Executive Officer.
Mr. Howe also stated, “With more and more automobile manufacturers developing electric vehicles and the cost of such vehicles coming down the need for charging stations will only increase. JNS based upon its years of experience in the electrical industry is poised and ready to seize this opportunity."
About JNS Holdings Corporation:
JNS Holdings focuses on building solid growth for our investors and shareholders through expansion of our core businesses while seeking additional strategic opportunities. Evolve USA Charging Corporation is the Chicago (IL) – based subsidiary of JNS Holdings specializing in EV infrastructure solutions. JNS is committed in creating a useful and well maintained network for EV charging. The corporate headquarters is located in Arlington Heights, Illinois, USA.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
