18/05/2024 9:30 AM

Fights Plog

Exceptional automotive

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

Rental Car Business Heavyweight Seeks a Lighter Footprint

From time to time in our research for undiscovered organizations, just one will leap out and seize our consideration. In the circumstance of Ecologic Transportation, “EGCT” it was an previous familiar field heavyweight at its helm that prompted me to “glimpse underneath the hood” of this enterprise.

At the helm of this little eco-welcoming enterprise is a extremely completed and respected gentleman named Bill Plamondon. Plamondon put in 19 yrs with Price range Rent-A-Car, the last five as CEO. Soon thereafter he was President and Main Government Officer of Alamo and National Car Rental. He has rented millions of cars and trucks to millions of people. Just after yrs of admittedly contributing more than his share of soiled fuels into our air, he determined it was time to commence an all “environmentally friendly” transportation enterprise. Ecologic Transportation, Inc. was founded as an impressive enterprise devoted to environmentally welcoming transportation merchandise and expert services by offering an agnostic technique to environmentally friendly cars and trucks and clear fuels.greencar.JPG

Ecologic Transportation is an all environmental rental car enterprise, filling a void in the conventional rental car organization. Plamondon noticed the need for environmentally friendly rental cars and trucks significantly exceeded the offer. Furthermore, no other car rental enterprise is all environmentally welcoming in its functions and organization techniques. What began as an environmentally welcoming rental car enterprise has grown to a thorough environmentally welcoming transportation enterprise.

Most not long ago, the enterprise rolled out Ecologic Shine™, a waterless environmental car wash system that cleans and shines cars and trucks properly applying a hundred{3ab7c693efb495afa9cfa5ed3bae9ca6a83fc9331ececd25f4b8df6798b4d127} biodegradable merchandise. Ecologic Glow merchandise and expert services conserve water and remove damaging operate-off ducts. The offering is mentioned to be very good for the environment, very good for the buyer, very good for the vehicle and important for Ecologic Transportation shareholders, very good for the base line. The enterprise not long ago announced its Ecologic Solutions expert services deal with Park ‘N Fly, a countrywide off-airport parking enterprise with in excess of twenty five,000 areas in 12 airport markets. Ecologic Solutions is cleansing cars and trucks with environmentally welcoming Ecologic Shine™. At the moment running at spots in Atlanta, GA with scheduledecoradio.JPG openings in San Diego and Los Angeles, CA, expansion proceeds to the remaining Park ‘N Fly company spots together with San Francisco, CA, Oakland, CA, Ontario, CA, Houston, TX, Dallas, TX, Minneapolis, MN, Cleveland, OH, Fort Lauderdale, FL and New Orleans, LA. This design by yourself seems to have the probable of becoming extremely scalable, rather rewarding and perhaps a enterprise maker.

Admittedly the enterprise is even now in the rather early levels of its advancement and its trading heritage is considerably confined acquiring come general public through a reverse merger late last calendar year. Its recent pullback in rate will make it that more appealing. We’ve typically uncovered that when you have a verified and completed govt like Bill Plamondon fundamentally come out of retirement to operate a small enterprise in a multi-billion vertical he previously is aware and has had good results in, it’s well worth watching carefully. Though Plamondon is acknowledged as a charitable person who presents back to his local community and particularly to young children, we see his filling the CEO part and becoming the firm’s greatest shareholder as obviously income pushed. This is naturally an fairness play for him which entirely aligns his aims with shareholders. We will be watching Ecologic Transportation and we is not going to be surprised in the least if its CEO Bill Plamondon follows in his previous footsteps of creating profitable companies and developing shareholder value.