Ecologic Transportation (OTCBB: EGCT) $11M (MarketCap)

Rental Car Business Heavyweight Seeks a Lighter Footprint

From time to time in our lookup for undiscovered companies, a single will bounce out and grab our focus. In the scenario of Ecologic Transportation, “EGCT” it was an previous familiar field heavyweight at its helm that prompted me to “glance underneath the hood” of this enterprise.

At the helm of this small eco-welcoming enterprise is a hugely achieved and revered gentleman named Invoice Plamondon. Plamondon used 19 decades with Price range Hire-A-Car, the final five as CEO. Soon thereafter he was President and Main Government Officer of Alamo and National Car Rental. He has rented tens of millions of automobiles to tens of millions of folks. Following decades of admittedly contributing extra than his share of dirty fuels into our air, he made a decision it was time to start out an all “inexperienced” transportation enterprise. Ecologic Transportation, Inc. was launched as an modern enterprise committed to environmentally welcoming transportation solutions and solutions by furnishing an agnostic approach to inexperienced automobiles and clean fuels.greencar.JPG

Ecologic Transportation is an all environmental rental car enterprise, filling a void in the standard rental car business. Plamondon saw the demand for inexperienced rental automobiles much exceeded the provide. Also, no other car rental enterprise is all environmentally welcoming in its functions and business tactics. What began as an environmentally welcoming rental car enterprise has developed to a detailed environmentally welcoming transportation enterprise.

Most not long ago, the enterprise rolled out Ecologic Shine™, a waterless environmental car wash method that cleans and shines automobiles safely and securely using 100% biodegradable solutions. Ecologic Glow solutions and solutions preserve drinking water and eradicate unsafe run-off ducts. The supplying is explained to be very good for the ecosystem, very good for the consumer, very good for the vehicle and vital for Ecologic Transportation shareholders, very good for the bottom line. The enterprise not long ago announced its Ecologic Merchandise solutions deal with Park ‘N Fly, a countrywide off-airport parking enterprise with around twenty five,000 spaces in twelve airport markets. Ecologic Merchandise is cleaning automobiles with environmentally welcoming Ecologic Shine™. At present operating at areas in Atlanta, GA with scheduledecoradio.JPG openings in San Diego and Los Angeles, CA, growth carries on to the remaining Park ‘N Fly company areas such as San Francisco, CA, Oakland, CA, Ontario, CA, Houston, TX, Dallas, TX, Minneapolis, MN, Cleveland, OH, Fort Lauderdale, FL and New Orleans, LA. This model by yourself seems to have the prospective of becoming hugely scalable, really successful and most likely a enterprise maker.

Admittedly the enterprise is nonetheless in the rather early levels of its progress and its buying and selling history is considerably confined obtaining appear general public as a result of a reverse merger late final year. Its recent pullback in rate makes it that extra interesting. We’ve typically uncovered that when you have a confirmed and achieved government like Invoice Plamondon essentially appear out of retirement to run a modest enterprise in a multi-billion vertical he previously is familiar with and has had achievements in, it is really well worth seeing carefully. When Plamondon is regarded as a charitable male who offers back again to his local community and especially to little ones, we see his filling the CEO role and becoming the firm’s greatest shareholder as evidently revenue driven. This is definitely an equity participate in for him which absolutely aligns his ambitions with shareholders. We’ll be seeing Ecologic Transportation and we would not be astonished in the least if its CEO Invoice Plamondon follows in his earlier footsteps of making successful companies and making shareholder price.