Ecologic Transportation, Inc. Moves to Expand Environmental Footprint

SANTA MONICA, Calif.--(BUSINESS WIRE)--Ecologic Transportation, Inc. (“Ecologic Transportation” or the “Company”) (OTCBB: EGCT) today announced Ecologic Products, Inc., a wholly owned subsidiary, is poised to expand its proprietary waterless car cleaning process, Ecologic Shine™ to commercial fleet operations. After experiencing growth in its Atlanta and Los Angeles operations and increasing sales volumes in San Diego, moving forward to commercial fleet cleaning is a natural extension of the Ecologic brand and its products.

Following the signing of an exclusive agreement with KO Manufacturing Inc., the manufacturers of Ecologic Shine™ products, Ecologic began the research and development of new approaches in delivery systems. To have a high-volume mechanized process for Ecologic Shine™ will allow the Company to achieve two of its stated goals: reduce the amount of labor in the environmental waterless cleaning process reducing costs and improving margins, and have the ability to bid on large fleet business with the potential effect of significantly higher revenues for the Ecologic Shine™ operation. Ecologic Transportation, Inc. has been in discussions with U.S. car dealerships, international car dealerships, and international commercial fleet operators to begin cleaning their fleets using the Ecologic Shine™ process. This is a substantial step toward the expansion of Ecologic Shine™ to other commercial, corporate, and government fleets.

Ecologic Car Rentals, Inc., the Company’s primary business, is under non-disclosure agreements with three car rental acquisition targets and has initiated its due diligence with the goal of obtaining a Letter of Intent with a negotiated valuation accepted by both parties. The Company is focused on executing a consolidation of multi-regional independent car rental companies with plans to create a car rental company that is environmentally friendly in its products and practices.

ABOUT ECOLOGIC TRANSPORTATION, INC.

Headquartered in Santa Monica, CA, Ecologic Transportation, Inc., is a holding company with wholly owned subsidiaries all dedicated to environmentally friendly transportation products and services. The company encompasses three separate but integrated operations that address the environment and transportation holistically: Ecologic Car Rentals, Ecologic Systems and Ecologic Products. This innovative company has an unbiased approach to green cars and clean fuels by providing a business platform for all emerging environmental transportation technologies. For more information: www.ecologictransportation.com or visit http://www.myshareholder.com/ecologic-transportation.html where you can follow Ecologic on Facebook, Twitter, and You Tube.

FORWARD-LOOKING STATEMENTS

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in our reports filed with the SEC. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.