National Press Release

NEW YORK, Oct. 1 /PRNewswire-FirstCall/ -- United EcoEnergy Corp, a Business Development Company (BDC), (OTC Bulletin Board: UEEC) today announced the signing of a Term Sheet to acquire an up to 35% stake in Shelby Super Cars, Inc. (SSC). SSC, an all-American auto manufacturer based in West Richland, Washington, has solidified its place in history with the production of the Ultimate Aero Supercar currently holding the Guinness World Record title of the "Fastest Production Car in the World." Additionally, SSC is working on the Ultimate Aero EV -- a 100% Green Supercar which it hopes will set the benchmark for the "world's fastest electric car." Jerod Shelby, Founder of Shelby Super Cars, stated, "I think we can do it faster, leaner and cleaner than any other manufacturer." Kelly Hickel, Chairman of UEEC said, "This is an exciting opportunity for us. Shelby Super Cars has created a unique vehicle and new market entry that sets the world standard for years to come. Their vision and their strategy is exactly where we think the market is headed and we look forward to helping them accomplish their plan."

UEEC is investing $1 million of its stock in SSC in exchange for 5% of SSC's shares at the closing of the investment agreement, 25% of SSC's shares in exchange for investing $5,000,000 and another, up to 5% of SSC's shares when the $5 million investment is completed.

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release may contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes", "expects", "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.

SOURCE United EcoEnergy Corp