SOURCE: Fleet Managment Solutions Inc.

April 07, 2010 07:30 ET

FMS & Ethniki Rent Contract

NAPLES, FL--(Marketwire - April 7, 2010) -  Fleet Management Solutions Inc. (PINKSHEETS: FLMG) ("FMS" or "the Company") is pleased to announce a new contract with Ethniki Rent S.A., concerning the "After Sales" services provision to their fleet. FMS Inc. will provide to Ethniki Rent S.A., Accident and Breakdown Management, provision of replacement vehicle and Scheduled maintenance. The expected Gross Turnover is to exceed U.S. $ 450,000.00 in total.

CEO Evangelos Alexandris stated, "Our young company is equipped with an experienced management team that continues to strive for growth. It is this leadership that allows us to make such contracts."

About FMS Inc. (

The Company is based in Athens, Greece and currently owns and operates 3 commercial locations with 15 full time employees. FMS provides a number of fleet management solutions in the automotive sector throughout the country and various parts of the Balkans. The Company was formed as result of a merger between ABR Bosch Car Services, which was founded in 1992, and EDC Hellas S.A., which was founded in 1998 by EDC Holdings. With decades of experience, both companies identified an opportunity in the automotive market by providing fleet management services and solutions and subsequently formed FMS S.A. which has grown 311% in the last 3 years.

The Company is focused on utilizing its vast automotive industry experience and its "state of the art" technologies to provide the very best turnkey services and solutions while significantly reducing costs for its client companies. FMS provides numerous comprehensive fleet management solutions such as online fleet management, maintenance programs, 24 hour roadside assistance, fuel management programs, insurance programs, license and title services, telematics and acquisition and lease buyout programs, and re-marketing of used vehicles. FMS utilizes authorized dealership networks and the BOSCH Car Service Network with 120 service locations in Greece.

Forward-looking Statement:

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995 -- forward-looking statements concerning plans, objectives, goals, strategies, future events of performance and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and services demand and acceptance, changes in technology and in economic, political and regulatory conditions and to all of the risks generally associated with a company at FMS's stage of development. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by these cautionary statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

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