SOURCE: Fleet Management Solutions Inc.

November 29, 2010 15:30 ET

Fleet Management Solutions Inc. Corporate Update

NAPLES, FL--(Marketwire - November 29, 2010) - As the year draws to an end Fleet Management Solutions (PINKSHEETS: FLMG) would like to update the shareholders in the progress of our rapidly expanding and exciting company. Over the past 6 months Fleet Management Solutions has met or exceeded the projected expansion, even in an uncertain and difficult economic climate, below are excerpts from past releases exampling the potential for expansion within the company in the future.

On Nov 22 2010 Fleet Management Solutions Inc. announced the opening of a new Peugeot dealership and service center.

This new facility is located at 37 Athinon-Piraeus Ave., in Moschato, Greece. The building occupies a space of 1000 sq. meters and will create employment for up to ten new people.

The facility will offer Peugeot clients a wide range of services, including ongoing maintenance, original and spare parts replacement, Peugeot accessories, as well as paint and bodywork capabilities. In addition to servicing, the entire range of new and used Peugeot vehicles will be available for purchase or lease through the new showroom.

It is anticipated that this new location will generate gross revenue in excess of EU$1,000,000 annually.

On Nov 29 2010 the company announced that to date corporate revenue has increased to USD$9,500,000 (EURO 7,000,000) despite the world economic downturn and lackluster general market conditions. Management attributes this increase to a variety of internal initiatives related to overall operations, cost control, marketing and FMS Partner Development. This increase in revenue is above expectations for the period and is directly tied to the Company's mandate to aggressively expand market share.

The northern Greece facility in Thessaloniki is now fully operational and has contributed significantly through increased sales and the ability to more fully service the needs of the region. Additionally, home office operations in Athens have been growing steadily and Management foresees the need for a facilities expansion sometime in the near future to better handle increased business and opportunities. As a result of this growth FMS is happy to report that the number of full time employees has risen to twenty-six (26) from fifteen (15) over the period as previously reported.

Sept 01 2010 the company announced that in order to facilitate the exponential growth of FMS Inc., the company has established a new service facility to better assist its fleet customers with a new installation located in Peloponnese (Argos). This facility will enable the company to better service its growing market in order to offer products and services in Southern Greece.

The new initial installation of (2000 m2), over 7000 sq ft will offer an initial service center to FMS customers the following basic services:

-- Scheduled maintenance which is currently being conducted on over 30,000 vehicles with Avis in addition to other major contractors -- Repair Center -- Body Shop -- Parking area (1500 m2) -- Car Sales

This new facility is anticipated to add an additional 8 employees to the company's work force with generating an additional $800,000.00 USD to the company's gross revenue for the period.

Fleet Management Solutions Inc. CEO Evangelos Alexandris stated "With 2010 drawing to an end we are very excited with the progress of our company to date. It is our intention to push forward with calculated expansion in the New Year making 2011 an even more productive year. We thank you for your support over the past and look forward to a very lucrative future."

Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition, new products and technological changes, dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports.

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