run-off ducts. The offering is said to be good for the environment, good for the customer, good for the vehicle and important for Ecologic Transportation shareholders, good for the bottom line. The company recently announced its Ecologic Products services contract with Park ‘N Fly, a national off-airport parking company with over 25,000 spaces in 12 airport markets. Ecologic Products is cleaning cars with environmentally friendly Ecologic Shine™. Currently operating at locations in Atlanta, GA with scheduled openings in San Diego and Los Angeles, CA, expansion continues to the remaining Park ‘N Fly corporate locations including San Francisco, CA, Oakland, CA, Ontario, CA, Houston, TX, Dallas, TX, Minneapolis, MN, Cleveland, OH, Fort Lauderdale, FL and New Orleans, LA. This model alone appears to have the potential of being highly scalable, quite profitable and potentially a company maker.
Admittedly the company is still in the fairly early stages of its development and its trading history is somewhat limited having come public through a reverse merger late last year. Its recent pullback in price makes it that more interesting. We’ve typically found that when you have a proven and accomplished executive like Bill Plamondon essentially come out of retirement to run a small company in a multi-billion vertical he already knows and has had success in, it’s worth watching closely. While Plamondon is known as a charitable man who gives back to his community and especially to children, we see his filling the CEO role and being the company’s largest shareholder as clearly profit driven. This is obviously an equity play for him which completely aligns his goals with shareholders. We’ll be watching Ecologic Transportation and we won’t be