LOTE Lot 78 Inc (CE)

TOLLAND, CT -- March 28, 2017 -- InvestorsHub NewsWire -- Lot 78 (OTCPink: LOTE) announces that its electric vehicle charging station has passed all requirements and waiting periods to sell its products through the General Services Administration (GSA) marketplace for Federal Facilities around the world. 

LOTE CEO David Schmid said, "The GSA approval of our electric vehicle charging station, known as Juice Bar EV, is further confirmation that we have the right products, with the right team in place exactly at the right point in time.  It is an important step for Juice Bar EV to gain access to such a large marketplace of electric vehicle users around the world."

The GSA is an independent agency of the United States Federal Government, established in 1949 to help manage and support the basic functioning of federal agencies. The GSA supplies products and communications for U.S. government offices, provides transportation and office space to federal employees, and develops government-wide cost-minimizing policies, and other management tasks.

Annual expenditures in the GSA market are in the $25 billion range. GSA buys can be of any size; there's no limit. End-users are pre-sold using GSA schedule pricing, and request the vendor's GSA schedule number to avoid a 6 month public bid.  GSA schedule orders average 15 days while open-market procurement averages 268 days.

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