NAPLES, Fla., Aug. 29, 2011 /PRNewswire/ -- Fleet Management
Solutions, Inc. (FMS) (Pinksheets: FLMG - News) is
pleased to announce that the company has entered into a letter of
understanding for the opening of their sixth location, a new repair
and service center in the southern part of Athens, Greece. The company anticipates
that this new location will generate gross revenue in excess of EU
4,000,000 or approximately $5,000,000
USD annually.
This new facility will be located in the southern part
of Athens, Attica. This facility is in an optimum
location with its close proximity to Athens, the fourth most populated capital city
of the European Union, and the surrounding suburbs.
The building occupies a space of 4000 sq. meters of space and
7000 sq meters of parking. This new facility will create employment
for up to 20 new people. With the addition of this facility, Fleet
Management Solutions will bring its full time employees of the
company to a total of 85.
The facility will offer Fleet Managements clients a wide range
of services, including ongoing maintenance and accessories, as well
as paint and bodywork capabilities.
This facility will be the sixth service center for the company
and the fifth in the surrounding area of Athens.
The addition of this facility is expected to increase projected
annual revenue by almost 25%, close to $15,000,000USD.
Evangelos Alexandris, CEO of
Fleet Management Solutions, stated, "We are very excited with the
new location. This facility will give us tremendous growth for the
future with the opportunity to better service our existing
clientele in both a logistical and expedited manner. This is a true
indication, that even in the slow economic global environment, we
have demonstrated to our shareholders, partners, and clientele that
Fleet Management Solutions, Inc. is a solid company in any
environment."
About FMS, Inc.: FMS Greece (http://www.fms-greece.com) is
based in Athens, Greece and currently owns and operates
five commercial locations with 65 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.
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, telematics 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.
Contact:
Contact Information:
Fleet Management Solutions, Inc.
40 Kifissou Ave.Renti,
Athens 18233
Greece
http://www.fms-greece.com
Phone: +30-211-10-38-888
Fax: +30-210-34-13-113
Email: info@fms-greece.com
SOURCE Fleet Management Solutions, Inc.