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EVTP.OB's Business Strategies
‘Green’ car rental company EV Transportation, Inc. has some very definitive growth plans for the next 12-24 months. With an ultimate goal of becoming a significant presence in the replacement vehicle rental market, EV’s plan has several objectives.
The first objective is to identify and obtain up to three targeted companies to increase the company fleet by more than 12,000 vehicles, available at more than 100 new rental locations. The company plans to commence these acquisitions within the next 12 months. Purchases will subsequently be consolidated in order to boost EV’s competitiveness in the replacement rental business.
Next, EV will develop and reorganize the new facilities to employ a “hub and spoke” growth strategy, thereby erecting a central hub in each major metropolitan area from which the company’s reach can expand outward. This allows for more efficient shifting of assets between locations to accommodate localized demand, and results in lowered costs across the board.
The company will continue its plan by absorbing its newly acquired brands, and incorporating them under the EV name. EV hopes to complete these metamorphoses within two years and solidify itself as a major player in the industry’s replacement sector. Management has spent long hours establishing contacts and business relationships with major insurance companies that will facilitate direct billing of these agencies should the need arise.
Out of the 3,000 regional brands serving the nation’s car rental industry, EV intends to seek out, acquire and re-brand the best of the bunch. The company understands which targets exhibit the most potential for compatibility with, and strengthening of its overall mission: To become a fully-’green’, highly competitive force in the American car rental industry,
