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EV Transportation, Inc. (EVTP.OB)

Headquartered in Los Angeles, California, EV Transportation Inc. (EVTP) is the parent company of EV Rental Cars, LLC. Founded in 1997, EV Rental Cars exclusively rents hybrid electric and low emissions vehicles. They are the first car rental company in the United States to rent only environmentally friendly vehicles to the public.

Affiliated with Fox Rent-A-Car, EV's fleet consists of more than 350 cars at seven locations throughout the United States. The Company's airport locations include Los Angeles, Orange County, San Diego, San Francisco, Oakland, and San Jose, California; in addition to a site in Phoenix, AZ. The company has the distinction of preventing more than 100 tons of air pollution and has passed to their customers over one million dollars in fuel cost savings. EV Rental Cars’ growth in recent years has their total yearly revenue close to four million dollars.

The company has been recognized a number of times for its efforts to promote environmentally friendly transportation alternatives. Significant achievements include being awarded an Automotive World Environment Award in 2001, the securing of grants from the US Department of Energy and California Air Resources Board, and being honored by the Environmental Protection Agency and the Clean Air Coalition. To date, EV Transportation has received over $3.5 million in grants.

EV has aggressive plans for expansion while holding true to its planet-friendly mission. EV has identified several independent car rental operations for acquisition which would add to its West coast footprint. These acquisitions, in the Midwest, the Southeast and the Southwest, will immediately add significant fleet and revenue to the core business operation and allow organic growth and expansion in the urban and suburban markets. EV plans to convert those fleets to environmentally friendly vehicles over a 12 to 18 month period.

William N. Plamondon III (Bill), Chairman and CEO of EV, has served as CEO for both private and publically held companies in the rental car industry. He has served as President and CEO of Budget Rent a Car, Alamo and National Car Rental and Car Temps, an insurance replacement company. While at Budget, he grew the company’s operating revenue from $50 million to $2.5 billion by acquiring and integrating licensees spanning 3,200 locations in 117 countries.

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