E INC Appoints Chief Revenue Officer

Lisa Scott joins E INC to deliver on its commitment to help dealers, expand the business and accelerate its revenue and growth goals throughout North America. 

TORONTO, ON, March 16, 2022 - E Automotive Inc. d/b/a E INC (TSX: EINC) (the "Company" or "E INC") is pleased to welcome Lisa Scott as the Company’s Chief Revenue Officer. 

An award-winning and highly experienced senior executive, Ms. Scott brings more than 25 years of leadership experience in the automotive industry. She joins the executive team to help the Company realize its high growth potential as it rapidly expands its digital wholesale EBlock platform across the United States. 

“Lisa brings an extensive depth of experience, relationships and passion for the industry,” said Jason McClenahan, President and CEO of E INC. “She is a driven leader and will be a strong addition to our experienced team, as we deliver on our vision of providing best-in-class technology supporting our dealer partners through this dynamic time for our industry.” 

Prior to joining E INC, Ms. Scott served for over 4 years as the President of PAR North America, a leading nationwide provider of vehicle transition services. She has also served in a variety of senior leadership roles within ADESA Canada, including Vice President of Sales and Marketing for ADESA, Openlane and Atlantic Operations, culminating in her role as the Chief Client Officer. Ms. Scott is recognized as a highly skilled, knowledgeable and motivational visionary leader with a proven track record of delivering extraordinary results in all aspects of the automotive business, professional auctioneering, and auction management.

“I’m thrilled to be joining E INC as the company executes its growth strategy across the United States,” says Ms. Scott on her decision. “It’s exhilarating to join such a fast-growing technology company that is focused on providing solutions for dealers both in Canada and the U.S. as it continues to grow its business during unprecedented times. E INC has an incredible team, and I look forward to digging in to help them build the team and accelerate their revenue and growth goals.”

In addition to her professional experience, Ms. Scott has served on several industry boards, including Chair of the Canadian Committee of the National Auto Auction Association (NAAA) and co-chair of the Canadian chapter of the International Automotive Remarketers Alliance (IARA). She has been recognized with several awards, including Auto Remarketing’s Women in Remarketing award, the International Automotive Remarketing Alliance (IARA) Builders Award, and the Outstanding Contribution to the Canadian Automotive Industry award

About EBlock EBlock, an E INC brand, provides a real-time dealer-to-dealer digital auction empowering today’s most innovative dealerships and wholesalers to buy and sell inventory in less time on a platform that creates the same energy and urgency of a live auction. With set auction times, run lists, and cars bought and sold in 60-seconds, EBlock simulates the physical auction environment with a powerful end-to-end experience in a completely digital format. Find out more about EBlock at eblock.com.

About E INC EBlock’s publicly-traded parent company, E INC, is an automotive technology company on a mission to optimize the online vehicle buying, selling, and management experience.

Forward Looking Information This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws, including statements regarding the Company’s revenue and growth goals expanding platform. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects", "is expected", "an opportunity exists", "budget", "scheduled", "estimates", "outlook", "forecasts", "projection", "prospects", "strategy", "intends", "anticipates", "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or, "will", "occur" or "be achieved", and similar words or the negative of these terms and similar terminology. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. 

Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. This forward-looking information is based on our opinions, estimates and assumptions that, while considered by the Company to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to those risks discussed under the "Risk Factors" section of our initial public offering prospectus, which is available under our profile on SEDAR at www.sedar.com. If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. Although we have attempted to identify important risk factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other risk factors not presently known to us or that we presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information.

There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. 

All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

Media Contact: Michelle Besaw-Parks, Marketing Director | michelle.besaw-parks@e.inc | (833) 817-7247