Ecologic Transportation, Inc. Announces Acquisition of Ecologic Sciences Inc.

Ecologic Transportation Inc., formerly USR Technology Inc., announced that through a wholly-owned subsidiary it has acquired Ecologic Sciences Inc.

Ecologic Sciences is an innovative company dedicated to environmentally friendly transportation products and services. It is on track to become a multi-regional all environmental transportation company with three separate but complementary units: Ecologic Car Rentals, Ecologic Systems, and Ecologic Products. Ecologic Car Rentals will be the only pure play environmental car rental operation featuring exclusively environmentally friendly vehicles with “Best Green” business practices. Ecologic Systems provides a turnkey solution for enhancing and greening gas stations with clean fuels and energy options. Ecologic Products promotes, develops, acquires and licenses environmental products and services.

John L. Ogden, former CEO of Ecologic Transportation Inc., remains on the Board of Directors of the company. “We recognized that through this acquisition, we have the unique opportunity of taking our company, once in oil and gas services, and transitioning to a new clean fuels transportation company with a much lighter carbon footprint,” John Ogden said.

William N. Plamondon III is the new CEO of this innovative company. Formerly the CEO of Budget Rent a Car, Alamo and National Car Rental, Bill leads an experienced team of people that will allow Ecologic to grow through acquisition, obtain additional market penetration, and add additional environmental market segments.

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