SOURCE: Fleet Managment Solutions Inc.

February 05, 2010 11:06 ET

FMS Names Board Members

NAPLES, FL--(Marketwire - February 5, 2010) - Fleet Management Solutions Inc. (PINKSHEETS: FLMG) ("FMS" or the Company") has appointed Mr. Spyridon Kordopatis and Mr. Paul Sardelis to serve on the company's Board of Directors effective immediately. 

Mr. Kordopatis has held numerous senior management and executive committee positions in the National and International banking sectors throughout his career. From 2004 - 2008 he served as the Deputy General Manager of the American Bank of Albania, renamed Intesa SanPaolo-Albania, in Greece. He was reporting directly to the CEO where he was also a member of the banks Executive Committee, Management, Personnel, Assets and Liabilities, and Credit Committees. From 1991-1998 he served as Treasurer for Credit Lyonnais and was responsible for all Treasury activities such as Money Market, F/X Bonds, and all types of Securities. He reported directly to the General Manager and was a member of the Executive Committee, and Management Committees, while being the Chairman of the Assets/ Liabilities Committee. Prior to that from 1984-1991 he worked as the Chief Dealer in the Treasury Department of Credit Lyonnais.

He was educated at Morley College in London, England and currently lives in Athens, Greece with his wife and child.

Mr. Kordopatis commented, "I am excited to participate in the FMS Inc. 'concept' as a Director, and to have a company in which all employees and shareholders will be proud."

Mr. Sardelis has had a distinguished career primarily in the insurance industry having held Sales Management and Board Member positions for a number of large companies. From 2007, he served as the Sales Manager and Board Member for Sofos Insurance S.A. in Athens, Greece. From 2000 - 2004, he served as a Sales Manager for Mondial Assistance in Athens, Greece. From 2004 - 2005 he served as Sales Manager for Oikonomiki Insurance S.A. and as a Consultant for Malayan Insurance Inc. also located in Athens. He was instrumental in establishing sales and marketing networks, and developing new insurance products and software for both companies. From 1992 - 2000 he served as the Commercial Manager of the Hellenic Branch of Europ Assistance and worked for G.M.C. S.A. - "Mega Shop" Chain Stores in Athens, Greece from 1991 - 1992, where he was the senior buyer and head of the Public Sector Team, and responsible for 15 stores in the country and employee training. 

He attended Alexandria University in Egypt from 1981 - 1985 and received an Industrial Engineering and completed his Masters from the University in 1990. He is an author in his fields of study and responsible for numerous publications in computer software and Industrial engineering fields. He currently resides in Athens, Greece and is married with child.

Mr. Sardelis commented, "Feeling ready to accept this new challenge, I shall translate my Vision into Action. In doing so, I will put a strong accent on building the strategic partnerships required to complement our expertise at FMS Inc. with the contributions of other development actors and to achieve mutual reinforcement and ultimately greater impact."

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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