Miles Electric Vehicles Appoints Kevin Czinger to President/CEO Position

Business Wire, April 10, 2008

SANTA MONICA, Calif. -- Miles Electric Vehicles announced today the appointment of Kevin Czinger as President and Chief Executive Officer.

"As our Company has grown, we have recognized the need to broaden our management capacity, and I am delighted that Mr. Czinger has agreed to join our team," stated Founder and Chairman Miles Rubin.

Czinger has extensive operating experience and a proven track record of performance in start-up and emerging growth companies. Previously, he has served as a senior executive with Goldman Sachs, Bertelsmann AG, the Webvan Group and Global Signal. Czinger has also been active at Benchmark Capital and as a senior Managing Director of Fortress Private Equity Funds. He is a graduate of Yale College and Yale Law School where he remains active, and is a leader in the charter school initiative for inner cities through his sponsorship of Achievement First Schools.

Czinger's appointment coincides with MILES' emergence as a leader in the low speed, electric vehicle industry and at a time of rapid advancement toward the production of its all electric, highway speed XS500 sedan.

Czinger will lead the MILES executive team, which consists of Jeff Boyd, Chief Operating Officer, and Kevin Kiley, Senior Vice President of Manufacturing and Logistics.

ABOUT MILES ELECTRIC VEHICLES:

Founded in 2005 by activist/entrepreneur Miles Rubin and headquartered in Santa Monica, Calif., Miles Electric Vehicles is dedicated to changing the world one car at a time. The company is now successfully marketing a line of low speed, all electric cars and trucks, which combine the best of US electric motor and controller technology with China's advanced battery and vehicle manufacturing capabilities. All MILES vehicles conform to US NHTSA standards and are manufactured with safety and ease of use as primary considerations. To date the company has built a prestigious fleet customer base that includes the City of Chicago, NASA, UCLA, Cal State Polytechnic University, the U.S. Navy, and others. MILES is currently developing a safe, affordable, all electric highway speed vehicle for distribution in the US and EU in late 2009.