Scottsdale, Arizona 11/12/2008 3:05:27 AM
News / Finance

EV Transportation, Inc. (EVTP.OB) Subsidiary Announces Delivery of New Fleet

www.QualityStocks.Net would like to highlight EV Transportation, Inc. (OTCBB: EVTP). The company opened its doors in December 1997 as the first car rental company in the US to rent only environmentally-friendly vehicles to the public. Since then, the companys fleet has grown to more than 350 cars at seven locations throughout the country. Airport locations include California sites in Los Angeles, Orange County, San Diego, San Francisco, Oakland, and San Jose; in addition to a site in Phoenix, Ariz.

 

In the company’s news today before the bell,

 

EV Transportation announced that its subsidiary, EV Rental Cars, LLC, is taking delivery of the new 2008 Toyota hybrids. Toyota has taken the charge of becoming a leader in the Hybrid category and has plans to boost production to 480,000 units per year, a 70% increase.

 

Commenting on the delivery, Bill Plamondon, Chairman and CEO of EV Transportation, Inc., stated, “As part of our restructuring, we are defleeting our older cars and are bringing in new Toyota hybrids. We will continue to bring in new cars over the next six to nine months.”

 

The Toyota Pirus is known as the most fuel efficient car sold in the US, while offering more room and greater passenger comforts. The new fleet also includes the new Toyota Camry Hybrid, which was voted the Car of the Year in the family sedan category.

 

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Forward-Looking Statement:

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