Archive for the ‘EV Transportation Inc. EVTP’ Category

EV Transportation, Inc.’s (EVTP.OB) Business Strategies

Wednesday, November 19th, 2008

‘Green’ car rental company EV Transportation, Inc. has some very definitive growth plans for the next 12-24 months. With an ultimate goal of becoming a significant presence in the replacement vehicle rental market, EV’s plan has several objectives.

The first objective is to identify and obtain up to three targeted companies to increase the company fleet by more than 12,000 vehicles, available at more than 100 new rental locations. The company plans to commence these acquisitions within the next 12 months. Purchases will subsequently be consolidated in order to boost EV’s competitiveness in the replacement rental business.

Next, EV will develop and reorganize the new facilities to employ a “hub and spoke” growth strategy, thereby erecting a central hub in each major metropolitan area from which the company’s reach can expand outward. This allows for more efficient shifting of assets between locations to accommodate localized demand, and results in lowered costs across the board.

The company will continue its plan by absorbing its newly acquired brands, and incorporating them under the EV name. EV hopes to complete these metamorphoses within two years and solidify itself as a major player in the industry’s replacement sector. Management has spent long hours establishing contacts and business relationships with major insurance companies that will facilitate direct billing of these agencies should the need arise.

Out of the 3,000 regional brands serving the nation’s car rental industry, EV intends to seek out, acquire and re-brand the best of the bunch. The company understands which targets exhibit the most potential for compatibility with, and strengthening of its overall mission: To become a fully-‘green’, highly competitive force in the American car rental industry,

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EV Transportation, Inc. (EVTP.OB) Plans for Obtaining a Larger Market Share

Tuesday, November 18th, 2008

EV Transportation is a unique car rental company in that it is the only truly environmentally-friendly group of its kind, solely offering electric and low-emission vehicles. EV is currently in the process of positioning itself for intense growth in a rapidly evolving sector of the car rental industry. As of 2007, the industry as a whole logged revenues of roughly $21 billion, more than ninety percent of which was generated by the following four top players: Enterprise (including recently acquired Alamo and National brands), Avis Budget Group, Hertz Global Holdings, and the Dollar Thrifty Group. With the exception of Hertz, each of these ownership groups resulted from the merger of two or more major rental brands.

EV Transport operates in the independent portion of the rental industry, comprising just seven percent of the whole, yet generating annual revenues of over one-and-a-half billion dollars itself. According to EV, the three-thousand regional brands of which this sector consists are in line to undergo consolidating mergers much like their significantly larger industry counterparts. The company intends to take advantage of the forthcoming changes, with more than a half-dozen independent brands having already been targeted for acquisition and roll-up.

It is through these planned acquisitions that EV Transportation aspires to extend the geographic range of its market footprint, and absorb potential revenues resulting from increased demand for low-emission, or fully-electric vehicles as an alternative to conventional rentals. With a sound execution of its core strategy for growth through acquisition, EV Transportation could be well on its way to becoming a nationally-recognized household name.

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EV Transportation, Inc. (EVTP.OB) Vying For a Larger Slice of a $21B Industry

Thursday, November 13th, 2008

The American rental car industry is worth over twenty-one billion dollars, according to a top trade publication known as Auto Rental News. By 2007, the larger-than-ever industry collectively maintained nearly two million vehicles rented from over 16,500 locations.

Through experience and thorough market research, EV Transportation has arrived at the decision to expand its operations in one particular segment – the replacement market. Unlike the airport segment of the industry, which suffered greatly following the events of September 11th, 2001, the replacement market has shown itself to be more consistent in its growth, and highly resistant to the effects of a recession. Quite simply, there is always a need for temporary vehicle replacements; whether for businesses or individuals, in instances of theft or repair. This perpetuating dynamic makes for drastically-reduced marketing costs as compared to other sectors of the industry.

EV Transportation considers Enterprise to be its biggest competitor in the local and replacement markets based on the companies’ sharing of the same basic strategy. The strategy allows young franchisees the ability to run their locations however they choose, as long as it is keeping with the overall corporate philosophy and spirit. It is this flexibility that has made Enterprise so successful, and through a similar strategy does EV intend to secure a more substantial market share.

Also contributing to EV’s attractiveness as an alternative to the larger companies is its status as the industry’s most environmentally-friendly competitor. It remains so by renting only electric hybrids and low-emission vehicles.

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EV Transportation, Inc. (EVTP.OB) Subsidiary Announces Delivery of New Fleet

Tuesday, November 11th, 2008

Today before the bell, EV Transportation announced that its subsidiary, EV Rental Cars, LLC, is taking delivery of the new 2008 Toyota hybrids. Toyota has taken the charge of becoming a leader in the Hybrid category and has plans to boost production to 480,000 units per year, a 70% increase.

Commenting on the delivery, Bill Plamondon, Chairman and CEO of EV Transportation, Inc., stated, “As part of our restructuring, we are defleeting our older cars and are bringing in new Toyota hybrids. We will continue to bring in new cars over the next six to nine months.”

The Toyota Pirus is known as the most fuel efficient car sold in the US, while offering more room and greater passenger comforts. The new fleet also includes the new Toyota Camry Hybrid, which was voted the Car of the Year in the family sedan category.

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EV Transportation, Inc. (EVTP.OB) Announces QualityStocks Coverage

Monday, November 10th, 2008

EV Transportation, Inc. will be featured in upcoming Daily Newsletters, Daily Blogs, Message Boards, and the Small Cap Daily Internet broadcasts put out by QualityStocks. QualityStocks has over 740,000 subscribers to The Daily Stock Newsletter, which is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters and puts it all into one Free Daily Newsletter Report.

William N. Plamondon III, Chairman and CEO of EV Transportation, has the company focused on providing the most technologically advanced environmentally-friendly vehicles to the general public as soon as they become available and informing the public of the benefits of utilizing clean-fuel transportation. EV’s corporate strategy is to use their management team’s existing relationships with major insurance carriers, travel agents, and automotive dealership organizations to further their business.

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.

Michael McCarthy, Director of Management for QualityStocks, stated that QualityStocks is very pleased to have EV Transportation as a featured company. McCarthy added that the company, EVTP, is methodically establishing itself as a category leader.

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EV Rental Cars (EVTP.OB) Continues to Grow Steadily with Strong Management Team

Friday, November 7th, 2008

Since December 1998, EV Rentals Cars (EVTP.OB) has continued to expand to meet the growing green trend. EV Rental is the only rental company in the United States that offers a fleet containing only environmentally-friendly hybrid-electric vehicles. Currently, the company has rental facilities at 8 major airports including San Francisco, Los Angeles, San Diego, Phoenix, and Las Vegas. The company is on a mission to provide the most advanced green vehicles to the public and to raise the public’s awareness of the benefits of driving clean-fuel cars to increase the demand for these environmentally-conscious vehicles. EV Rental is led by an experienced team of professionals who are conscientiously growing the company and its fleet.

The idea to create EV Rental hit Jeffrey Pink in 1997 when he saw an aerial view of Los Angeles. The founder of the company saw the condition of the air quality in the region and realized that he had to do something to help the environment. Prior to creating EV Rental, Jeffrey worked with Commonwealth Enterprises, which is a family-owned company that builds condominiums and apartment complexes on the western portion of Los Angeles. With over 15 years experience as a services manager, general contractor, and real estate developer, Jeffrey brings an ability to create and maintain strong business relationships as well as the key skills needed to manage the company.

As the Director of Finance and Operations, Larry Pink analyzes the company data and ensures the accuracy of the financial reports. Upon graduating from the University of Michigan Business School, Larry earned a Certified Public Accountant license in Michigan. Along with a strong accounting base, Larry also brings over 15 years of experience in real estate development and construction. Prior to taking on the role at EV Rental, Larry served as President of Commonwealth Enterprises and worked alongside Jeffrey.

As Director of External Affiras, James Demb is in charge of launching new market locations. James creates relationships with local government, utility, and airport representatives to ensure that each new site meets the compliance and reporting requirements of public agencies. James earned a Bachelor of Arts degree and a Juris Doctor from the University of Michigan before practicing law. He then moved to serve as Director of Major Gifts of the United Jewish Appeal Federal of Greater Washington and as Director of Development for the Jewish Social Service Agency of Greater Washington. Prior to joining EV Rental, James served as Executive Vice President and Assistant Secretary at the Masorti Foundation for Conservative Judaism in Israel.

Chief Operations Officer Paul Christensen is responsible for the company’s day-to-day operations. As a member of the American Car Rental Association and with over 30 years of experience in managing corporate, franchise, and independent car rental facilities, Paul has an immeasurable base of knowledge that only benefits EV Rentals. During his 13 years with Hertz, Paul managed a number of locations and ultimately became responsible for the Southern California regional operations. While at Budget, Paul was first responsible for Western Corporate Operations and assisted in the acquisition of a number of locations including Reno, Sacramento, and Fresno. Paul then became COO for Budget of Southern California where he was responsible for the company’s largest franchise operation for six years. He continued to be involved in operations and acquisitions as the Western Regional VP for DTAG and was able to triple the DTAG California fleet. Prior to joining EV Rental, Paul worked as the General Manager for Southern California at ANC Rental.

EV Rental has a strong executive team moving the company towards success. The company has already passed more than $1 million in fuel savings costs to its customers. As the company’s customer base continues to grow, the amount of fuel saved will also continue to grow. Less fuel used translates to fewer pollutants in the air, which is exactly what Jeffrey Pink envisioned over 10 years ago.

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EV Transportation Inc. (EVTP.OB) is “One to Watch”

Monday, October 20th, 2008

Headquartered in Los Angeles, California, EV Transportation Inc. 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.

EV’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’s corporate strategy is to use their management team’s existing relationships with major insurance carriers, travel agents, and automotive dealership organizations to further their business. William N. Plamondon III, Chairman and CEO, has served as CEO and CRO for both private and publically held companies. Prior to EV Transportation, he served as President and CEO of Budget Rent a Car where 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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