LOS ANGELES, CA -- (Marketwire) -- 10/06/08 -- EV Transportation, Inc. (OTCBB: EVTP), owner of EV Rental Cars, LLC, today announced plans to move into the Seattle, WA and Salt Lake City, UT markets as first steps in the company's aggressive 2008-2009 expansion strategy.
William N. Plamondon III, Chairman and CEO, states, "This is an exciting step in our overall plans for expansion. As we continue to add new 2009 hybrid cars to our fleet, we are placing them in markets where demand for hybrids is high."
Plamondon has served as CEO and CRO for both private and publically held companies over his distinguished 35-year career. As President and CEO of Budget Rent a Car, he grew the company from $50 million operating revenue to $2.5 billion operating revenue by acquiring and integrating licensees spanning 3,200 locations in 117 countries. Plamondon left Budget Rent a Car after it was sold in 1996. Plamondon also served as CEO for worldwide Alamo and National Car Rental, including the Car Temps brand, a $250 million insurance replacement business. There he led the total company restructuring resulting in a successful sale. His vision for EV is to position the brand as a fun and friendly car rental experience for customers while reducing carbon emissions.
"Leading this company's explosive growth is exciting for me," states Plamondon. "I have spent many years in the rental car industry, and I see this as my way to give back -- to our planet and to our future generations."
EV Rental Cars, LLC is the first company in the United States to rent exclusively hybrid, electric and low-emissions vehicles to the public. While holding true to its planet-friendly mission, EV plans to continue to expand throughout the country. Plamondon's vision for the company is to position the brand as a fun and friendly car rental experience for customers while reducing carbon emissions.
ABOUT EV RENTAL CARS, LLC
EV Rental Cars, LLC opened its doors in December 1997 as the first car rental company in the United States to rent only environmentally-friendly vehicles to the public. Since then, the company's fleet has grown to more than 350 cars at seven locations throughout the country. Airport locations include California sites in Los Angeles, Orange County, San Diego, San Francisco, Oakland, San Jose; in addition to a site in Phoenix, Ariz. The company has prevented more than 100 tons of air pollution and passed on to its customers more than $1 million in fuel cost savings. EV Rental Cars is affiliated with Fox Rent-A-Car. For more information about EV Rental Cars, visit them on the Web at www.evrental.com.
Forward-Looking Statements
This Press Release may contain, in addition to historical information, forward-looking statements. Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in EV Transportation Inc's. (the "Company") periodic filings with the U.S. Securities and Exchange Commission. When used in this news release, the words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions, are forward-looking statements. The risk factors that could cause actual results to differ from these forward-looking statements include, but are not restricted to the Company's limited operating history, uncertainties about the availability of additional financing, geological or mechanical difficulties affecting the Company's planned geological or other work programs, uncertainty of estimates of mineralized material, operational risk, environmental risk, financial risk, currency risk and other statements that are not historical facts as disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with securities regulators in the United States. Consequently, risk factors including, but not limited to the aforementioned, may result in significant delays to the projected or anticipated production target dates.
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Erin Davis
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