EV Rental Cars, LLC today announced it has signed an agreement and plan of merger with IMMS, Inc. pursuant to which EV Rental Cars, LLC is now a wholly-owned subsidiary of IMMS, Inc. Under the terms of the agreement, all of the members of EV Rental Cars, LLC exchanged membership interests for shares of IMMS, Inc.
EV Rental Cars, LLC is the first company in the United States to rent exclusively hybrid, electric and low-emissions vehicles to the public. Founded in 1998 and headquartered in Los Angeles, CA, EV currently has locations in LA, San Francisco, Orange County, San Diego, Oakland, San Jose and Phoenix, AZ. EV has the first mover advantage capitalizing on increasing environmentally conscious consumers as the only pure "Green" rental car company.
In connection with this transaction, EV Rental Cars, LLC has hired a new management team. William N. Plamondon III, former CEO of Budget Rent a Car, Alamo Rent a Car and National Car Rental, has been named the new Chairman and Chief Executive Officer of EV Rental Cars, LLC. He leads a new management team with over 125 years of vehicle rental leadership experience. The new team has a proven record of success in turnaround, growth and acquisition situations. This management team brings credibility with the financial community, as well as extensive relationships with major suppliers, customers and channel intermediaries.
"EV is committed to an on-going effort to inspire environmental solutions to environmental issues by doing business in a sustainable way that educates customers and encourages community involvement," said William N. Plamondon III.
EV Rental Cars, LLC is an environmentally friendly organization with plans for Green certification in all locations including the company headquarters. It has been honored by the Environmental Protection Agency and Clean Air Coalition in addition to receiving positive press from major media including the Wall Street Journal, New York Times, Newsweek, CNN, The Today Show and USA Today.