Alpha Lujo enters into stock exchange agreement with Alpha Lujo Electric Vehicle Pty

Alpha Lujo, Inc. announced that it hast entered into a stock exchange agreement with Alpha Lujo Electric Vehicle Pty. Ltd., an Australian company. Alpha Lujo Electric Vehicle Pty is an electric vehicle development stage company that uses existing car bodies from Chinese gas engine cars for its electric vehicles. The CEO of both companies, William Tien said, “We are now in a position to implement our business plan and to create value for our Alpha Lujo shareholders. We look forward to informing the investment community as we make progress. Gasoline prices have created a significant demand for our green electric vehicles.” (March 31, 2011)