ECD Auto Design To Acquire Brand New Muscle Car Assets To Be Valued At $1.5M On The Date Of Issuance.

ECD Auto Design (NASDAQ:ECDA) ("ECD" or the "Company"), the world's largest Land Rover and Jaguar restoration company known for its custom luxury builds, including bespoke Defenders, Range Rovers and Jaguar E-Types announced today that it has signed an agreement to acquire certain assets from Brand New Muscle Car, a premier builder of classic American muscle cars for restricted stock of ECD to be valued at $1.5 million on the date of issuance.

Brand New Muscle Car, founded in 2005 and headquartered in Broken Arrow, OK, is the original, from scratch restorer of classic American muscle cars designed with new parts just as the customer wants it.

Scott Wallace, CEO of ECD Auto Design said, "We are excited to announce our first acquisition as a publicly traded company. This acquisition provides our company, founded by a group of British friends, an entry point to design and sell bespoke classic Ford Mustangs, among several other classic American muscle cars in a US manufacturing plant with US employees. Our 100,000 square foot Orlando, Florida manufacturing facility has the ability to add a production line to our existing manufacturing footprint. By acquiring Brand New Muscle Car, we will have the opportunity to design and build one-of-one classic Mustangs through our unique and industry-leading client design process, which are some of the most sought after restomod opportunities in the United States.

"Our vision at ECD is to tap into the greater than $15 billion market ecosystem for high end and collectible cars. Today, we are a leading retrofitter of classic British luxury cars, but we aspire to build and sell additional makes and models that are also in high demand. There is a growing appetite among the ultra-high net worth population who desire one-of-a-kind products and experiences and ECD has expanded that capability into the classic American car market."