According to the press release, John Petkovic is a singer and guitarist in the band Cobra Verde. His mother died, so he went for a drive. He ended up in the greater New England area, and when he got there he looked up J and Dave because they're all friends and they decided to chill. They told John to start writing songs, and said they would start a band. They called up the other guitarist from Cobra Verde, and then they had a band.
They also have an album, entitled Love and Desperation which is scheduled to be released on March 30, 2010. The press release says that the record will have 12 songs on it, and will kind of sound like a combination of Dinosaur Jr, Witch, and Cobra Verde. Pitchfork premiered the first song today, and it goes by the name "Do You Remember". It's cool, and presumably is similar to what Cobra Verde sounds like because it doesn't really sound like Dinosaur Jr or Witch. At the moment, the band is working on a music video for the new single and after they finish that there will be a tour.