Fleet Management Solutions 

FMS Client Triples Initial Contract

  
FLMG $.78
Shares Outstanding 31.3 M
Float:  253,136
2/24/2010
 

  The Company is based in Athens, Greece and currently owns and operates 3 commercial locations with 15 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 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. which has grown 311% in the last 3 years. FMS utilizes authorized dealership networks and the BOSCH Car Service Network with 120 service locations in Greece.

The company announce today that one of its client companies, ATE Rent S.A. of Athens, Greece, which specializes in the operation of leasing passenger cars, has increased the size of its initial contract with FMS by over 200% in just over 5 months.

The initial contract between FMS and ATE Rent S.A., a Greece-based financial institution, was signed in August 2009 for the after sales servicing and management of its fleet of 225 vehicles. Following the success of the initial contract, ATE Rent S.A. has amended the contract to include an additional 452 leased vehicles for a total fleet of 677.
 

 As part of the agreement, FMS provides full management of the fleet including accident and breakdown repairs, the provision of replacement vehicles, and regular and scheduled maintenance. The total value of the contract is expected to exceed US$800,000. CEO Mr. Alexandris stated, "We are very pleased with this new contract. It is our way of showing our shareholders and partners that we are moving in the right direction."

FMS has already established an impressive list of domestic and global client companies such as Ethniki Leasing, ATE Leasing & ATE Rent, Arval, Avis, BMW, Emporiki, Honda, Audi & Volkswagen, Brinks Security, Speedex Courier, and Atlas Copco among others.

The Company’s mission is to be a dominant player globally in the automotive industry’s after sales services and re-marketing relative to the fleet management of leased vehicles. FMS is continually striving to increase market share and achieve a higher level of customer support and satisfaction and market acceptance with innovative new solutions and services. FMS HELLAS S.A. cooperates with MONDIAL ASSISTANCE by offering project management services on MONDIAL ASSISTANCE products and also by promoting commonly developed products and services.

MONDIAL ASSISTANCE is the biggest company, globally, at the fields of the road assistance and the travel insurance. MONDIAL ASSISTANCE provides its services that are targeting on the automotive market through B2B agreements. Its customers list contains almost all the big companies - car manufacturers, and also insurance companies, leasing companies and banks.

The solutions that are offered by FMS HELLAS S.A. are covering all the after sales management needs of the companies that provide Automotive Leasing solutions. FMS HELLAS S.A. offers services, to its customers, that minimize the - highly fluctuant - operational and management risk helping them to provide competitive leasing products.

Management

Mr. Kordopatis has held numerous senior management and executive committee positions in the National and International banking sectors throughout his career. From 2004 - 2008 he served as the Deputy General Manager of the American Bank of Albania, renamed Intesa SanPaolo-Albania, in Greece. He was reporting directly to the CEO where he was also a member of the banks Executive Committee, Management, Personnel, Assets and Liabilities, and Credit Committees. From 1991-1998 he served as Treasurer for Credit Lyonnais and was responsible for all Treasury activities such as Money Market, F/X Bonds, and all types of Securities.

He reported directly to the General Manager and was a member of the Executive Committee, and Management Committees, while being the Chairman of the Assets/ Liabilities Committee. Prior to that from 1984-1991 he worked as the Chief Dealer in the Treasury Department of Credit Lyonnais. He was educated at Morley College in London, England and currently lives in Athens, Greece with his wife and child.

Mr. Sardelis has had a distinguished career primarily in the insurance industry having held Sales Management and Board Member positions for a number of large companies. From 2007, he served as the Sales Manager and Board Member for Sofos Insurance S.A. in Athens, Greece. From 2000 - 2004, he served as a Sales Manager for Mondial Assistance in Athens, Greece. From 2004 - 2005 he served as Sales Manager for Oikonomiki Insurance S.A. and as a Consultant for Malayan Insurance Inc. also located in Athens. He was instrumental in establishing sales and marketing networks, and developing new insurance products and software for both companies. From 1992 - 2000 he served as the Commercial Manager of the Hellenic Branch of Europ Assistance and worked for G.M.C. S.A. - "Mega Shop" Chain Stores in Athens, Greece from 1991 - 1992, where he was the senior buyer and head of the Public Sector Team, and responsible for 15 stores in the country and employee training.

He attended Alexandria University in Egypt from 1981 - 1985 and received an Industrial Engineering and completed his Masters from the University in 1990. He is an author in his fields of study and responsible for numerous publications in computer software and Industrial engineering fields. He currently resides in Athens, Greece and is married with child.
 

Contact

 
 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