Ecologic Transportation (OTCBB: EGCT) M (MarketCap)
Rental Car Industry Heavyweight Seeks a Lighter Footprint
From time to time in our search for undiscovered companies, one will jump out and grab our attention. In the case of Ecologic Transportation, “EGCT” it was an old familiar industry heavyweight at its helm that prompted me to “look under the hood” of this company.
At the helm of this little eco-friendly company is a highly accomplished and respected gentleman named Bill Plamondon. Plamondon spent 19 years with Budget Rent-A-Car, the last five as CEO. Shortly thereafter he was President and Chief Executive Officer of Alamo and National Car Rental. He has rented millions of cars to millions of people. After years of admittedly contributing more than his share of dirty fuels into our air, he decided it was time to start an all “green” transportation company. Ecologic Transportation, Inc. was founded as an innovative company dedicated to environmentally friendly transportation products and services by providing an agnostic approach to green cars and clean fuels.
Ecologic Transportation is an all environmental rental car company, filling a void in the traditional rental car business. Plamondon saw the demand for green rental cars far exceeded the supply. Additionally, no other car rental company is all environmentally friendly in its operations and business practices. What started as an environmentally friendly rental car company has grown to a comprehensive environmentally friendly transportation company.
Most recently, the company rolled out Ecologic Shine™, a waterless environmental car wash process that cleans and shines cars safely using 100% biodegradable products. Ecologic Shine products and services conserve water and eliminate harmful