SOURCE: Fleet Managment Solutions Inc.

December 08, 2010 08:15 ET

Fleet Management Solutions to Pursue Listing on Frankfurt Stock Exchange

NAPLES, FL--(Marketwire - December 8, 2010) - Fleet Management Solutions Inc. (FMS) (PINKSHEETS: FLMG) is pleased to announce that it is actively seeking consulting in order to list the company's shares on the Deutsche Börse (Frankfurt Stock Exchange) subject to the Exchanges approval.

Management has reviewed a number of Foreign and European exchanges and has selected the Frankfurt Stock Exchange to be the company's gateway into the European market. The Company is currently reviewing the documentation required to facilitate the listing process.

Fleet Management Solutions Inc. CEO Evangelos Alexandris stated, "Listing on the Frankfurt Exchange will help expand our shareholder base and provide additional exposure globally. We believe that the dual listing will enhance our global profile and create additional exposure to our advanced, high tech and up to the minute technologies that provide the very best turnkey services and solutions while significantly reducing costs for its client companies. It makes great sense to increase our exposure in Europe which would enable the company to pursue financing in that market. With revenues in excess of $9,500,000USD year to date, management is aggressively seeking further financing to fast track the already rapid expansion by exposing new opportunities in Europe."

About FMS Inc.: FMS Greece (http://www.fms-greece.com) is based in Athens, Greece and currently owns and operates 5 commercial locations with 36 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 a 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, telemetric and acquisition and lease buyout programs, and re-marketing of used vehicles.

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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