I still think SS is the only person who has done any DD on this company and I still think this is a scam. Let's look at the website and see if we can find any value.
"Clean Truck Leasing services.
E1 Leasing is pleased to offer over-the-road Class-8 trucks with pre-installed, fully integrated systems to the long or short haul trucking industry for sale or lease. <more>”
Really? How can they offer the services when they have no trucks and couldn't legally install devices on them if they did have trucks. The <more> link leads to another page that is essentially a repeat of the same vague information.
BTW, truck leasing to small time operators is a losing proposition that appeals to the lowest common denominator in trucking, but it would take an entire post to explain why it is a really bad idea. What happened to the Master Lease deal mentioned in old posts? Another bad idea...
“Owner Operator Services
E1 Operator Services offers full service and worry-free managed programs for sole operators and small trucking companies looking to get into or expand their business. <more>”
What services? What “managed programs” do they provide? Clicking the <more> link takes us to this:
“Let us take care of the paperwork, maintenance schedules and all the other hassles while you do the driving. Energy 1 offers full service and worry-free managed programs for sole operators and small trucking companies looking to get into or expand their business. E1 Operator Services is managed by E1 Leasing and uses Comdata processing, so its simple and easy. We’ll even help you get the truck, if needed.“
Trucking isn't rocket science and any owner operator/lease operator should be able to handle those things from the comfort of his truck. He can only legally drive about 8.75 hours daily which leaves plenty of time to handle the minimal paperwork. Maintenance scheduling is as easy as glancing at his odometer and the service sticker on his windshield. For other transactions, the driver saves receipts in an accordian folder, records each transaction in a simple notebook, adds them up before tax time, completes a simple worksheet and sends it off to his tax guy. Done. The Comdata is used for fueling and financial transactions and your account is setup by the company you lease your truck to. Why pay a service for something that easy?
“Custom Retrofit Services
E1 can handle retrofit programs or projects of any scope and size, be it a standalone generator, a single dump-truck, or a fleet of transit buses. Our technologies are available for variable as well as constant speed motors and can be configured to meet most desires or needs. Plus, we’re not just restricted to diesel or bio-diesel blends. Many of our applications are applicable to gasoline motors, too. And, we can handle dirty fuels - sometimes, better. <contact>”
They can retrofit??? With what? They don't have a single approved device so anything they “retrofit” is probably illegal. Tampering with the factory emissions systems and installing unapproved aftermarket devices is a costly violation of the Clean Air Act as well as state vehicle codes. Think big trucks aren't inspected? Guess again.
Clicking on <more> takes me to the page listing “ExhausTek,” “IonTek” and “TekFuel Systems ” which are only described in the vaguest terms. There are no pictures, complete descriptions and applications, testing results, pricing or anything that hints that products are ready for market. The most glaring omission is EPA/CARB approval. Do the products even exist? Hard tellin'.
Moving right along we have:
“E1 Hybrid Truck Development
E1 is currently developing a Hybrid approach to emission reduction and fuel efficiency. Development embraces our own technology while employing others. <more>”
They're “currently developing” when they can't seem to get their devices approved for the US market or put up a decent website? C'mon! A company with three employees and no facilities are developing a hybrid truck? Let's put down the crack pipe folks. Hybrids are something that the big boys have been working on for years and development takes facilities, engineers, cubic money, etcetera; all things the EGOC doesn't have. Google “class 8 hybrid” and you'll see that they already exist and were pioneered by other companies. Again, clicking <more> provides no additional information.
You really need to ask yourself if the website is intended to inform and sell products/services or stock in the company. As it stands, that have nothing but stock and a horrible business model to sell.
AI
